Medical Device Security Solutions Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Japan, China, Germany, UK - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 178 SKU: IRTNTR40164

Medical Device Security Solutions Market Forecast 2024-2028 

The medical device security solutions market size is forecast to increase by USD 2.62 billion at a CAGR of 11.96% between 2023 and 2028. The market's growth hinges on multiple factors, notably the escalating apprehensions regarding healthcare data security, propelled by the rising geriatric demographic and the prevalence of chronic illnesses. These concerns drive demand for robust medical device security solutions, further fueled by stringent government regulations. As medicare systems become increasingly digitized, the need for safeguarding sensitive patient information grows paramount. The aging population's medicare needs and the challenges posed by chronic diseases accentuate the urgency for reliable security measures. Moreover, regulatory frameworks mandating enhanced security standards for medical devices amplify the market's growth trajectory, creating opportunities for innovative solutions and technologies in the medical cybersecurity sector.

Moreover, the market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including Cisco Systems Inc., CLEARDATA, Clearwater Security and Compliance LLC, Coalfire Systems Inc., Device Authority, Dragerwerk AG and Co. KGaA, DXC Technology Co., Extreme Networks Inc., Forescout, Fortinet Inc., General Electric Co., Imperva Inc., International Business Machines Corp., Koninklijke Philips N.V., Meditology Services LLC, Palo Alto Networks Inc., Sophos Ltd., UL Solutions Inc., and Check Point Software Technologies Ltd. Additionally, Battelle Memorial Institute offers medical device security solutions such as Battelle DeviceSecure and device security experts, who can identify cybersecurity and cyberattack problems.

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

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Market Dynamics 

The market is driven by the increasing need for medical device security systems to protect against cyber-attacks and illegal access control in healthcare settings. Advancements in Computing power, Wireless technologies, and Data analytics techniques are shaping the market trends. However, challenges such as securing sensitive data in devices like Pacemakers and insulin pumps, addressing vulnerabilities in hospital networks and IoT technologies, and staying ahead of evolving cybersecurity threats pose significant challenges to the industry. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market  Driver

Increasing concerns about healthcare data are notably driving the market. An increase in the number of cyberattacks in the healthcare industry and the resulting requirement for data protection and privacy are fuelling the global market. In addition, the increasing integration of data-generating devices in the medicare industry and the growing centralization of data, from health insurance companies to hospitals, have led to big data flooding. 

Moreover, the medicare industry is currently witnessing the trend of digitizing medicare workflows and moving to electronic patient records. In addition, the quantity of clinical data available electronically, commonly referred to as big data, has increased significantly in terms of complexity, diversity, and timeliness. Hence, such factors are positively impacting the market which in turn drives the market during the forecast period.

Significant Market Trends

The increasing adoption of IoT and connected devices in healthcare industries is an emerging trend in the market. In the healthcare industry, IoT helps in bridging the gap between physical and digital data sources by tracking patients in real time. In addition, IoT infrastructure helps improve accessibility to services, reducing the operational burden on healthcare facilities, and supporting the development of digital ecosystems in medicare organizations.

Moreover, healthcare organizations are moving to connected hospital infrastructure to provide timely and improved care. In addition, IoT has a wide range of applications in medicare settings, with the potential to expand within and outside healthcare facilities. Furthermore, some of the key applications of IoT include telemedicine, connected imaging, clinical workflow and operations management, medication management, and inpatient monitoring. Hence, such factors are driving the market during the forecast period.

Major Market Restrain

Lack of awareness regarding securities and technical issues related to medical device security solutions is a major challenge hindering the market. Several medicare organizations do not have an in-depth knowledge of medicare security. In addition, they often fail to provide sufficient security awareness training to employees, which is hampering the effectiveness of these solutions.

Moreover, phishing, which is commonly used in cyberattacks, is a major security threat. In addition, hackers are now using tactics to evade detection by security solutions and deliver an e-mail to employees to gain unauthorized access. Furthermore, they are also using social engineering techniques for hacking.  Hence, such factors are hindering the market during the forecast period.

Market Segmentation 

The market is at the forefront of technological advancements, addressing critical concerns in healthcare settings and the broader healthcare sector. With the increasing prevalence of cyber-attacks and medical device attacks, the demand for robust medical device security systems has surged. These systems ensure cyber-secure environments, especially for devices like Pacemakers, insulin pumps, and other medical gadgets that are connected to the internet and hospital networks. Innovations in new technologies such as implanted and wearable devices, have brought about significant advancements in patient care and monitoring, necessitating reliable remote monitoring solutions and robust IoT technologies integration. The use of Wireless technologies has enhanced connectivity and data transmission in healthcare facilities and the medical research sector, enabling efficient data analytics techniques and leveraging Big Data for insights into Proteomics, Genomics, and Pharmacogenomics.

By Device

The wearable and external medical devices segment is estimated to witness significant growth during the forecast period. Over the past decade, the healthcare sector has undergone a significant transformation, from integrating IoT in the healthcare system to adopting technologically advanced medical devices as well as changing the business model. In addition, the healthcare industry has moved to a decentralized working model, from hospitals to homes. Furthermore, patient data has become centralized due to storage on the cloud of hospital systems, which has made hospitals data centers.

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The wearable and external medical devices segment was the largest segment and was valued at USD 1.08 billion in 2018. Moreover, the growing healthcare costs and inconvenience caused due to large waiting times led consumers to increasingly prefer online consultation and telemedicine as well as remote monitoring, which reduces inconvenience and healthcare costs. In addition, the demand for self-medication and home-based treatment is increasing, with a greater number of people resorting to at-home diagnosis and treatment for specific diseases. Furthermore, factors such as increasing awareness about lifestyle disorders and familiarity with new technologically advanced devices such as smartphones and gaming devices led people to adopt more sophisticated devices to self-monitor their health conditions. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.

Market Segmentation By End-user

The rising use of medical device security solutions in the healthcare providers segment will increase the market growth. Factors such as the increasing digitization of healthcare systems and the growing threat of cyberattacks is fuelling the adoption of medical device security solutions by healthcare providers. In addition, with the proliferation of connected medical devices, such as infusion pumps, pacemakers, and imaging machines, healthcare organizations are facing heightened risks of cyber threats that could compromise patient safety and data integrity. Therefore, healthcare providers are investing in robust security solutions specifically designed to protect medical devices from unauthorized access, data breaches, and malicious manipulation. Furthermore, these medical device security solutions typically encompass a range of measures, including network segmentation, encryption, authentication mechanisms, and continuous monitoring for anomalous activities. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.

Regional Overview

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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North America remains the biggest market for medical device security solutions owing to the huge adoption and penetration of wired and wireless networked medical devices. In addition, stringent regulations by governments are also acting as a driver for the adoption of security solutions by healthcare organizations. Moreover, other factors, such as the growing need for better healthcare facilities, the rising geriatric population, and increasing cyberattacks on healthcare organizations, are driving the growth of the market in North America. Hence, such factors are driving the market in North America during the forecast period.

Market Customer Landscape

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

Global Market Customer Landscape

Market Companies

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

Broadcom Inc: The company offers medical device security solutions such as Symantec Cyber Security and Symantec Enterprise Cloud, which can be used for endpoint, network, and secure connections.

Market analysis and report of 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.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

  • Device Outlook
    • Wearable and external medical devices
    • Hospital medical devices
    • Internally embedded medical devices
  • End-user Outlook
    • Healthcare providers
    • Medical devices manufacturers
    • Healthcare payers
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing rapid growth due to various factors, such as the increasing sophistication of medical device attacks and the rising concerns about illegal access control to sensitive data. With the proliferation of insulin pumps and other medical gadgets connected to the internet, securing hospital networks and cell phones has become crucial. The demand for cyber-secure solutions is driven by the integration of new technologies into implanted devices used in healthcare settings. Advancements in connected data-sharing technologies have facilitated patient health monitoring and data gathering, leading to the adoption of remote monitoring and management solutions and digital health tools. The emergence of cloud-based medical device security has garnered attention from hospital technology professionals seeking robust security event management and cloud computing services for electronic records and hospital data stored in private clouds and storage systems.

Moreover, the expanding use of wearable and outdoor medical devices in home healthcare has brought IoT technologies to the forefront, necessitating robust cybersecurity strategies to counter cybercriminals and ransomware attacks. However, challenges persist, including budget constraints and the need for monetary funds to invest in telehealth platforms, patient support technologies, smart wearables, remote monitoring equipment, and Internet of Things (IoT) devices spanning short-range and wide-area IoT devices. Privacy and security concerns surrounding digital patient records, smart connected devices, and network infrastructure are driving innovation in medical device security solutions, with a focus on ensuring comprehensive protection for healthcare data and smart healthcare devices.

Market Scope

Report Coverage

Details

Page number

178

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.96%

Market Growth 2024-2028

USD 2.62 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

10.62

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 44%

Key countries

US, Japan, China, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Battelle Memorial Institute, Broadcom Inc., Cisco Systems Inc., CLEARDATA, Clearwater Security and Compliance LLC, Coalfire Systems Inc., Device Authority, Dragerwerk AG and Co. KGaA, DXC Technology Co., Extreme Networks Inc., Forescout, Fortinet Inc., General Electric Co., Imperva Inc., International Business Machines Corp., Koninklijke Philips N.V., Meditology Services LLC, Palo Alto Networks Inc., Sophos Ltd., UL Solutions Inc., and Check Point Software Technologies Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Industry companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

 

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Device
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global medical device security solutions market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global medical device security solutions market 2018 - 2022 ($ billion)
    • 4.2 Device Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Device Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Device

    • 6.1 Market segments
      • Exhibit 30: Chart on Device - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Device - Market share 2023-2028 (%)
    • 6.2 Comparison by Device
      • Exhibit 32: Chart on Comparison by Device
      • Exhibit 33: Data Table on Comparison by Device
    • 6.3 Wearable and external medical devices - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Wearable and external medical devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Wearable and external medical devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Wearable and external medical devices - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Wearable and external medical devices - Year-over-year growth 2023-2028 (%)
    • 6.4 Hospital medical devices - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Hospital medical devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Hospital medical devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Hospital medical devices - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Hospital medical devices - Year-over-year growth 2023-2028 (%)
    • 6.5 Internally embedded medical devices - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Internally embedded medical devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Internally embedded medical devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Internally embedded medical devices - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Internally embedded medical devices - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Device
      • Exhibit 46: Market opportunity by Device ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Device ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Healthcare providers - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Healthcare providers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Healthcare providers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Healthcare providers - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Healthcare providers - Year-over-year growth 2023-2028 (%)
    • 7.4 Medical devices manufacturers - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Medical devices manufacturers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Medical devices manufacturers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Medical devices manufacturers - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Medical devices manufacturers - Year-over-year growth 2023-2028 (%)
    • 7.5 Healthcare payers - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Healthcare payers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Healthcare payers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Healthcare payers - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Healthcare payers - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 64: Market opportunity by End-user ($ billion)
      • Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 China - Market size and forecast 2023-2028
      • Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Battelle Memorial Institute
              • Exhibit 119: Battelle Memorial Institute - Overview
              • Exhibit 120: Battelle Memorial Institute - Product / Service
              • Exhibit 121: Battelle Memorial Institute - Key offerings
            • 12.4 Broadcom Inc.
              • Exhibit 122: Broadcom Inc. - Overview
              • Exhibit 123: Broadcom Inc. - Business segments
              • Exhibit 124: Broadcom Inc. - Key news
              • Exhibit 125: Broadcom Inc. - Key offerings
              • Exhibit 126: Broadcom Inc. - Segment focus
            • 12.5 Check Point Software Technologies Ltd.
              • Exhibit 127: Check Point Software Technologies Ltd. - Overview
              • Exhibit 128: Check Point Software Technologies Ltd. - Product / Service
              • Exhibit 129: Check Point Software Technologies Ltd. - Key news
              • Exhibit 130: Check Point Software Technologies Ltd. - Key offerings
            • 12.6 Cisco Systems Inc.
              • Exhibit 131: Cisco Systems Inc. - Overview
              • Exhibit 132: Cisco Systems Inc. - Business segments
              • Exhibit 133: Cisco Systems Inc. - Key news
              • Exhibit 134: Cisco Systems Inc. - Key offerings
              • Exhibit 135: Cisco Systems Inc. - Segment focus
            • 12.7 CLEARDATA
              • Exhibit 136: CLEARDATA - Overview
              • Exhibit 137: CLEARDATA - Product / Service
              • Exhibit 138: CLEARDATA - Key offerings
            • 12.8 Clearwater Security and Compliance LLC
              • Exhibit 139: Clearwater Security and Compliance LLC - Overview
              • Exhibit 140: Clearwater Security and Compliance LLC - Product / Service
              • Exhibit 141: Clearwater Security and Compliance LLC - Key offerings
            • 12.9 Coalfire Systems Inc.
              • Exhibit 142: Coalfire Systems Inc. - Overview
              • Exhibit 143: Coalfire Systems Inc. - Product / Service
              • Exhibit 144: Coalfire Systems Inc. - Key offerings
            • 12.10 Dragerwerk AG and Co. KGaA
              • Exhibit 145: Dragerwerk AG and Co. KGaA - Overview
              • Exhibit 146: Dragerwerk AG and Co. KGaA - Business segments
              • Exhibit 147: Dragerwerk AG and Co. KGaA - Key offerings
              • Exhibit 148: Dragerwerk AG and Co. KGaA - Segment focus
            • 12.11 DXC Technology Co.
              • Exhibit 149: DXC Technology Co. - Overview
              • Exhibit 150: DXC Technology Co. - Business segments
              • Exhibit 151: DXC Technology Co. - Key offerings
              • Exhibit 152: DXC Technology Co. - Segment focus
            • 12.12 Extreme Networks Inc.
              • Exhibit 153: Extreme Networks Inc. - Overview
              • Exhibit 154: Extreme Networks Inc. - Product / Service
              • Exhibit 155: Extreme Networks Inc. - Key news
              • Exhibit 156: Extreme Networks Inc. - Key offerings
            • 12.13 Fortinet Inc.
              • Exhibit 157: Fortinet Inc. - Overview
              • Exhibit 158: Fortinet Inc. - Product / Service
              • Exhibit 159: Fortinet Inc. - Key offerings
            • 12.14 General Electric Co.
              • Exhibit 160: General Electric Co. - Overview
              • Exhibit 161: General Electric Co. - Business segments
              • Exhibit 162: General Electric Co. - Key news
              • Exhibit 163: General Electric Co. - Key offerings
              • Exhibit 164: General Electric Co. - Segment focus
            • 12.15 International Business Machines Corp.
              • Exhibit 165: International Business Machines Corp. - Overview
              • Exhibit 166: International Business Machines Corp. - Business segments
              • Exhibit 167: International Business Machines Corp. - Key news
              • Exhibit 168: International Business Machines Corp. - Key offerings
              • Exhibit 169: International Business Machines Corp. - Segment focus
            • 12.16 Koninklijke Philips N.V.
              • Exhibit 170: Koninklijke Philips N.V. - Overview
              • Exhibit 171: Koninklijke Philips N.V. - Business segments
              • Exhibit 172: Koninklijke Philips N.V. - Key news
              • Exhibit 173: Koninklijke Philips N.V. - Key offerings
              • Exhibit 174: Koninklijke Philips N.V. - Segment focus
            • 12.17 Palo Alto Networks Inc.
              • Exhibit 175: Palo Alto Networks Inc. - Overview
              • Exhibit 176: Palo Alto Networks Inc. - Product / Service
              • Exhibit 177: Palo Alto Networks Inc. - Key news
              • Exhibit 178: Palo Alto Networks Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
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              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              medical device security solutions market market

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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