Healthcare Cybersecurity Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Germany, UK, France, Spain, Japan, India, South Korea, Brazil - Size and Forecast 2025-2029

Healthcare Cybersecurity Market Size 2025-2029

The healthcare cybersecurity market size is forecast to increase by USD 19.57 billion at a CAGR of 14.4% between 2024 and 2029.

• The healthcare industry's reliance on advanced technologies, such as cloud-based solutions, smartphones, 5G technology, software and the Internet of Medical Things (IoMT), has significantly increased the need for robust cybersecurity measures. The growing use of remote patient monitoring and cybersecurity solutions in patient care has become a crucial aspect of healthcare delivery. However, this digital transformation and medical devices security solution comes with challenges, including high initial costs and the increasing sophistication of cyber threats.
• Collaborations between companies and cybersecurity firms are essential to mitigate these risks and ensure patient data privacy and security. As the healthcare sector continues to evolve, it is crucial to stay informed about the latest trends and challenges in cybersecurity to protect sensitive patient information and maintain trust in the healthcare system.

What will be the Size of the Market During the Forecast Period?

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• The healthcare industry in the US handles vast amounts of sensitive medical data daily, making it an attractive target for cybercriminals. The increasing use of connected devices, cloud-based solutions, smartphones, and 5G technology in healthcare has expanded the attack surface, necessitating robust data protection measures. Cybersecurity threats in healthcare can take various forms, including ransomware attacks, hacking attempts, and zero-day attacks. Hackers often target healthcare providers, pharmaceutical companies, and biotechnology firms, putting patient care and data security at risk. The dark web is a significant source of these threats, with cybercriminals selling stolen patient data for profit.
• Network architecture plays a crucial role in healthcare cybersecurity. Security infrastructure must be designed to protect against various cyberattack incidents, such as those targeting Internet of Things (IoT) devices, medical devices, and remote patient monitoring systems. Security professionals must stay updated on the latest threats and implement appropriate security solutions to mitigate risks. Cybersecurity solutions for healthcare must address the unique challenges of the industry. These solutions should prioritize data protection while ensuring seamless integration with patient care systems. Cloud-based solutions can offer scalability and flexibility, but they also require additional security measures to protect against potential vulnerabilities.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• End-user
  • Hospitals and healthcare facilities
  • Medical device manufacturers
  • Pharmeceuticals and biotechnology
  • Health insurance providers and payers
  • Others
• Type
  • Solutions
  • Services
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America
    • Brazil

By End-user Insights

• The hospitals and healthcare facilities segment is estimated to witness significant growth during the forecast period.

In the United States, the healthcare sector is a significant contributor to the growing concern over cybersecurity. Hospitals and healthcare institutions are prime targets for digital attacks due to the vast amount of sensitive patient data they manage. This data includes medical records and personal information, making these institutions crucial in implementing effective cybersecurity measures. Cyber threats, such as hacking, malware, and phishing attempts, pose a significant risk to healthcare institutions. To mitigate these risks, institutions are investing in advanced cybersecurity solutions, including antivirus and antimalware software, to secure their electronic systems. Telemedicine, a growing trend in healthcare, also presents new challenges in terms of data security.

Ensuring the security of patient data during remote consultations and transmissions is essential to maintain trust and compliance with regulations. Hospitals and healthcare facilities must prioritize cybersecurity to protect patient data and maintain the smooth operation of their services. Cybersecurity solutions, such as firewalls, intrusion detection systems, and encryption technologies, are crucial in safeguarding against cyber threats and ensuring the confidentiality, integrity, and availability of sensitive data. The implementation of these cybersecurity measures is not only essential for regulatory compliance but also for maintaining patient trust and protecting reputations. As the use of technology in healthcare continues to expand, the importance of robust cybersecurity measures will only grow.

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The Hospitals and healthcare facilities segment was valued at USD 3751.30 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 46% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In the North American healthcare sector, the importance of cybersecurity continues to escalate due to the increasing threat of cyberattacks targeting sensitive medical data. With the US and Canada being prime targets, there is a heightened focus on implementing robust security measures to safeguard healthcare operations. For instance, Cardinal Health's recent investment in a new 163,000-square-foot distribution center in Ontario, Canada, signifies this trend. This facility, dedicated to the company's ValueLink logistics service, integrates data-driven analytics to optimize order customization and delivery for healthcare providers. This development underscores the significance of advanced technologies and cybersecurity in enhancing healthcare logistics and data protection.

The proliferation of ransomware attacks and hackers targeting the healthcare industry on the Dark Web poses a significant threat to patient data. Zero-day attacks, which exploit unpatched vulnerabilities, further compound the issue. As a result, data protection has become a top priority for healthcare organizations. Network architecture, a crucial aspect of cybersecurity, is being reevaluated and upgraded to mitigate these risks. In conclusion, the North American the market is witnessing substantial growth due to the increasing need for advanced security measures to protect sensitive medical data. The integration of data-driven analytics and advanced technologies, such as in Cardinal Health's new distribution center, is a testament to this trend. Organizations must remain vigilant against evolving cyber threats and invest in comprehensive cybersecurity solutions to safeguard their operations and patient data.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.Remote care and insurance companies are also at risk of cyberattacks. Patient data security is essential to maintain trust and comply with regulations. Healthcare providers must invest in cybersecurity infrastructure to protect against threats and ensure patient data privacy. The use of generative AI and AI algorithms in healthcare can offer numerous benefits, but they also introduce new security challenges. Healthcare organizations must ensure that these technologies are integrated into their security infrastructure to mitigate potential risks. In conclusion, the market is essential for protecting sensitive medical data from cyber threats. Healthcare organizations must invest in robust security infrastructure, prioritize data protection, and stay updated on the latest threats to maintain patient care and privacy.

What are the key market drivers leading to the rise in adoption of Healthcare Cybersecurity Market ?

Growing cybersecurity threat in healthcare sector is the key driver of the market.

• The healthcare industry in the United States has experienced a notable increase in cybersecurity threats, resulting from the digital transition and the integration of connected devices such as IoT in healthcare infrastructure. In 2023, there were 725 reported cyberattacks, compromising over 133 million medical records. This marked a significant jump from previous years, emphasizing the importance of fortifying cybersecurity measures in the sector. From 2009 to 2023, approximately 5,887 healthcare data breaches affecting 500 or more records were documented by the Office for Civil Rights (OCR). These incidents led to the exposure or unauthorized disclosure of nearly 520 million records.
• Security professionals are working diligently to address these concerns, implementing advanced security infrastructure and employing predictive modeling techniques to mitigate potential threats. The integration of telehealth services further complicates matters, as these platforms require robust security measures to protect sensitive medical data. The need for enhanced cybersecurity in healthcare is more critical than ever, with the potential consequences of a breach reaching far beyond financial losses and damaging the trust between patients and providers.

What are the market trends shaping the Healthcare Cybersecurity Market?

Collaborations between vendors is the upcoming trend in the market.

• The healthcare industry's reliance on advanced technologies, such as cloud-based solutions, smartphones, 5G technology, and the Internet of Medical Things (IoMT), has led to a heightened need for robust cybersecurity measures. Cybersecurity solutions are increasingly essential to ensure the security and reliability of patient care data. Remote patient monitoring, a key application of IoMT, poses unique challenges as it involves the transmission of sensitive data over networks. Cybersecurity firms are collaborating to address these challenges and provide integrated solutions. For instance, IBM and Cohesity joined forces in March 2023 to improve data security in hybrid cloud environments. Their partnership introduced IBM Storage Defender, a solution that combines data protection, cyber resilience, and data management capabilities.
• This collaboration aims to safeguard enterprise data layers from various threats, including ransomware, human error, and sabotage. As the use of technology in healthcare continues to expand, the importance of cybersecurity will only grow. Cloud-based solutions, smartphones, and 5G technology will increasingly be used for patient care and remote monitoring, making it crucial for healthcare organizations to invest in reliable cybersecurity solutions. The global market for healthcare cybersecurity is expected to grow significantly in the coming years, as organizations seek to protect their valuable data and maintain the trust of their patients.

What challenges does Healthcare Cybersecurity Market face during the growth?

High initial cost is a key challenge affecting the market growth.

• The expense of implementing and maintaining healthcare cybersecurity services can significantly differ among healthcare organizations, contingent upon factors such as size, intricacy of operations, and distinct security needs. For smaller to medium-sized healthcare providers, the yearly expenditure on cybersecurity services may fall between USD1.4 million and USD2.6 million. This budget generally covers fundamental security elements, including endpoint protection, network security, and incident response services. In contrast, larger healthcare systems may face escalating costs, surpassing USD5 million annually. These figures underscore the substantial financial commitment necessary to implement and sustain advanced cybersecurity systems. The substantial upfront cost acts as a considerable hurdle, particularly for smaller healthcare entities with restricted financial resources.
• In today's digital health landscape, managed services play a pivotal role in securing healthcare systems against cybercriminals. These services encompass ongoing monitoring, intrusion detection, and Security Information and Event Management (SIEM) systems. The protection of data integrity is paramount in remote healthcare services, ensuring patient confidentiality and compliance with regulatory requirements. As the reliance on digital health services continues to grow, the demand for robust cybersecurity measures will escalate. Healthcare organizations must invest in comprehensive cybersecurity solutions to safeguard their systems and mitigate potential risks.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast , partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AO Kaspersky Lab - The company provides healthcare IT security solutions, safeguarding vital patient data from unauthorized access, data breaches, and damage. Our offerings ensure HIPAA compliance and maintain the confidentiality, integrity, and availability of sensitive health information. With increasing digitalization in healthcare, the need for robust cybersecurity measures is paramount. Our solutions employ advanced encryption techniques, firewalls, and intrusion detection systems to fortify your IT infrastructure against cyber threats. Protecting patient data is not just a regulatory requirement, but a moral obligation. Trust US to secure your healthcare organization's digital assets and maintain the trust of your patients.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• AO Kaspersky Lab
• Broadcom Inc.
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Claroty Ltd.
• CloudWave
• CrowdStrike Inc.
• F5 Inc.
• Fortified Health Security Inc
• Fortinet Inc.
• GE Healthcare Technologies Inc.
• Imperva Inc.
• Intel Corp.
• International Business Machines Corp.
• Juniper Networks Inc.
• LogRhythm Inc.
• Sophos Ltd.
• Trend Micro Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The healthcare industry's increasing digital transition brings new opportunities for improved patient care and efficiency, but also introduces significant cybersecurity challenges. Sensitive medical data, such as patient records and financial information, are prime targets for cybercriminals. Ransomware attacks, hacking, and data breaches are common threats, with hackers often selling stolen data on the dark web. To mitigate these risks, healthcare institutions are investing in robust security infrastructure. This includes network architecture designed to prevent zero-day attacks, intrusion detection systems, SIEM systems, and ongoing monitoring. Security professionals are implementing predictive modeling to anticipate and prevent cyberattacks. Connected devices, such as smartphones, IoT, and 5G technology, expand the attack surface.

Cybersecurity solutions, including antivirus, antimalware, and phishing protection, are essential. Cloud-based solutions offer scalability and flexibility, but require stringent security protocols. Cybersecurity firms provide managed services and risk management to help healthcare providers navigate the complex digital landscape. Telehealth and remote patient monitoring services require specialized security measures. Medical devices and IOMT must adhere to strict security standards. Cyber threats evolve rapidly, requiring continuous updates to security systems and protocols. Healthcare institutions must remain vigilant against digital attacks, ensuring data integrity and patient data protection. Insurance, pharmaceutical, and biotechnology industries, which intersect with healthcare, also face similar cybersecurity challenges.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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