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Medical Device Security Solutions Market by Device and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 120
  • SKU: IRTNTR40164
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The medical device security solutions market share is expected to reach an estimated USD 2.00 billion by 2026 at an accelerating CAGR of 12.47%.

This medical device security solutions market research report extensively covers medical device security solutions market segmentation by:

  • Device - Wearable and external medical devices, Hospital medical devices, and Internally embedded medical devices
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America

What will the Medical Device Security Solutions Market Size be During the Forecast Period?

Medical Device Security Solutions Market Size

Download the Free Report Sample to Unlock the Medical Device Security Solutions Market Size for the Forecast Period and Other Important Statistics

The medical device security solutions market report also offers information on several market vendors, including Battelle Memorial Institute, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA Networks Inc., Clearwater Compliance LLC, Coalfire Systems Inc., Draegerwerk AG and Co. KGaA, DXC Technology Co., Extreme Networks Inc., FireEye Inc., Fortinet Inc., General Electric Co., Imperva Inc., International Business Machines Corp., Koninklijke Philips NV, McAfee Corp., Palo Alto Networks Inc., Sophos Ltd., and UL LLC among others.

Medical Device Security Solutions Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing concerns about healthcare data is notably driving the medical device security solutions market growth, although factors such as use of the outdated platforms in the healthcare industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical device security solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical Device Security Solutions Market Driver

  • One of the key factors driving growth in the medical device security solutions market is the increasing concerns about healthcare data.
  • The growth in the number of cyberattacks in the healthcare industry and the resulting need for data protection and privacy are driving the global medical device security solutions market.
  • The increasing integration of data-generating devices in the healthcare industry and the growing centralization of data, from health insurance companies to hospitals, have led to big data flooding. 
  • Concerns regarding the security and privacy of sensitive information increased in the past decade due to trends such as clinical mobility, wireless networking, cloud computing, and information exchange. Thus, managing and harnessing the analytical power of big data has become critical for all healthcare organizations.
  • With the growing number of cyberattacks in the healthcare industry, endpoint security for different medical devices has become important. Hence, the growing need for data privacy and protection will increase the demand for medical device security solutions.

Key Medical Device Security Solutions Market Trend

  • The growing geriatric population and prevalence of chronic diseases is a medical device security solutions market trend that is expected to have a positive impact in the coming years.
  • Countries across the world are facing challenges due to the ever-changing demographic shift in age.
  • The prevalence of chronic diseases is high among the geriatric population. The most common chronic diseases are cardiovascular disease, diabetes, cancer, and chronic respiratory disease. The diseases cause 41 million deaths every year across the world, and the number of deaths caused by such diseases is increasing.
  • The healthcare requirements increase with age, and healthcare costs increase significantly for people as they age. These factors have increased healthcare spending and have created pressure on governments to raise their healthcare budgets.
  • The growth of the geriatric population has also increased the need for home care services, self-medication, and retirement homes. Therefore, the volume of healthcare data generated from the geriatric population has increased, which is providing new opportunities for vendors.

Key Medical Device Security Solutions Market Challenge

  • The use of outdated platforms in the healthcare industry will be a major challenge for the medical device security solutions market during the forecast period.
  • With the healthcare industry steadily increasing the use of connected medical devices, the vulnerability of data is rising, and it is becoming challenging to scale IT infrastructure securely.
  • Many devices used by hospitals are outdated, which leads to greater chances of cyberattacks and problems related to updates.
  • The manipulation of critical infrastructure can directly impact human life, either through the direct mishandling of devices or through the networks that connect the devices. It is important to have an updated platform to protect the systems from cyberattacks.
  • Healthcare organizations require proper integration of the existing IT infrastructure and platforms into the cloud. However, with the use of such outdated platforms and Windows systems, such integration can be difficult and can cause data loss.
  • Lack of resources and staffing gaps also prevent organizations from transitioning to new platforms. Thus, the use of outdated platforms and Windows systems is a major challenge for the implementation of medical device security solutions.

This medical device security solutions market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global medical device security market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical device security solutions market during the forecast period.

Who are the Major Medical Device Security Solutions Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Battelle Memorial Institute
  • Broadcom Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • ClearDATA Networks Inc.
  • Clearwater Compliance LLC
  • Coalfire Systems Inc.
  • Draegerwerk AG and Co. KGaA
  • DXC Technology Co.
  • Extreme Networks Inc.
  • FireEye Inc.
  • Fortinet Inc.
  • General Electric Co.
  • Imperva Inc.
  • International Business Machines Corp.
  • Koninklijke Philips NV
  • McAfee Corp.
  • Palo Alto Networks Inc.
  • Sophos Ltd.
  • UL LLC

 

This statistical study of the medical device security solutions market encompasses successful business strategies deployed by the key vendors. The medical device security solutions market is fragmented and the vendors are deploying growth strategies such as acquiring small vendors to expand their business across the world to compete in the market.

Product Insights and News

  • broadcom.com - The company offers medical device security solutions such as Symantec Cyber Security.

  • broadcom.com - The semiconductor solutions segment offers digital, mixed signal and analog products including for fast switching speeds and low power consumption.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical device security solutions market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Medical Device Security Solutions Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical device security solutions market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Medical Device Security Solutions Market?

Medical Device Security Solutions Market Market segmentation by region

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45% of the market's growth will originate from North America during the forecast period. The US is the key market for medical device security solutions in North America. Market growth in this region will be faster than the growth of the market in other regions.

The huge adoption and penetration of wired and wireless networked medical devices will facilitate the medical device security solutions market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic had a positive influence on market growth in this region in 2020. Several governments in the region were forced to impose lockdowns, which prompted several healthcare functions to become digitized. Furthermore, rising health-consciousness among people in North America during this time period led to the increased adoption of smart wearables such as smartwatches and pulse oximeters to monitor heart rate and oxygen levels, respectively, fueling demand for medical device security solutions in this region in 2020 for the purpose of protecting such information. 

What are the Revenue-generating Device Segments in the Medical Device Security Solutions Market?

Medical Device Security Solutions Market Segmentation

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The medical device security solutions market share growth by the wearable and external medical devices segment will be significant during the forecast period. 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. The use of remote communications technology, which allows healthcare professionals to support homecare, is further aiding in increasing the preference for home and self-care. From the consumers perspective, this technology provides more convenience in terms of time and travel as well as reduced healthcare costs. For doctors, such technologies result in more efficient and effective care, driven by patients who take greater responsibility for their own health. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical device security solutions market size and actionable market insights on post COVID-19 impact on each segment.

 

Medical Device Security Solutions Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.47%

Market growth 2022-2026

$ 2.00 billion

Market structure

Fragmented

YoY growth (%)

11.45

Regional analysis

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

Performing market contribution

North America at 45%

Key consumer countries

US, Japan, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Battelle Memorial Institute, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA Networks Inc., Clearwater Compliance LLC, Coalfire Systems Inc., Draegerwerk AG and Co. KGaA, DXC Technology Co., Extreme Networks Inc., FireEye Inc., Fortinet Inc., General Electric Co., Imperva Inc., International Business Machines Corp., Koninklijke Philips NV, McAfee Corp., Palo Alto Networks Inc., Sophos Ltd., and UL LLC

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

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What are the Key Data Covered in this Medical Device Security Solutions Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive medical device security solutions market growth during the next five years
  • Precise estimation of the medical device security solutions market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical device security solutions industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical device security solutions market vendors

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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 Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Device

    • 5.1 Market segments
      • Exhibit 24: Chart on Device - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Device - Market share 2021-2026 (%)
    • 5.2 Comparison by Device
      • Exhibit 26: Chart on Comparison by Device
      • Exhibit 27: Data Table on Comparison by Device
    • 5.3 Wearable and external medical devices - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Wearable and external medical devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Wearable and external medical devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Wearable and external medical devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Wearable and external medical devices - Year-over-year growth 2021-2026 (%)
    • 5.4 Hospital medical devices - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Hospital medical devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Hospital medical devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Hospital medical devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Hospital medical devices - Year-over-year growth 2021-2026 (%)
    • 5.5 Internally embedded medical devices - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Internally embedded medical devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Internally embedded medical devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Internally embedded medical devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Internally embedded medical devices - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Device
      • Exhibit 40: Market opportunity by Device ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 China - Market size and forecast 2021-2026
      • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Broadcom Inc.
              • Exhibit 93: Broadcom Inc. - Overview
              • Exhibit 94: Broadcom Inc. - Business segments
              • Exhibit 95: Broadcom Inc. - Key news
              • Exhibit 96: Broadcom Inc. - Key offerings
              • Exhibit 97: Broadcom Inc. - Segment focus
            • 10.4 Check Point Software Technologies Ltd.
              • Exhibit 98: Check Point Software Technologies Ltd. - Overview
              • Exhibit 99: Check Point Software Technologies Ltd. - Product / Service
              • Exhibit 100: Check Point Software Technologies Ltd. - Key offerings
            • 10.5 Cisco Systems Inc.
              • Exhibit 101: Cisco Systems Inc. - Overview
              • Exhibit 102: Cisco Systems Inc. - Business segments
              • Exhibit 103: Cisco Systems Inc. - Key news
              • Exhibit 104: Cisco Systems Inc. - Key offerings
              • Exhibit 105: Cisco Systems Inc. - Segment focus
            • 10.6 ClearDATA Networks Inc.
              • Exhibit 106: ClearDATA Networks Inc. - Overview
              • Exhibit 107: ClearDATA Networks Inc. - Product / Service
              • Exhibit 108: ClearDATA Networks Inc. - Key offerings
            • 10.7 Draegerwerk AG and Co. KGaA
              • Exhibit 109: Draegerwerk AG and Co. KGaA - Overview
              • Exhibit 110: Draegerwerk AG and Co. KGaA - Business segments
              • Exhibit 111: Draegerwerk AG and Co. KGaA - Key offerings
              • Exhibit 112: Draegerwerk AG and Co. KGaA - Segment focus
            • 10.8 General Electric Co.
              • Exhibit 113: General Electric Co. - Overview
              • Exhibit 114: General Electric Co. - Business segments
              • Exhibit 115: General Electric Co. - Key news
              • Exhibit 116: General Electric Co. - Key offerings
              • Exhibit 117: General Electric Co. - Segment focus
            • 10.9 International Business Machines Corp.
              • Exhibit 118: International Business Machines Corp. - Overview
              • Exhibit 119: International Business Machines Corp. - Business segments
              • Exhibit 120: International Business Machines Corp. - Key offerings
              • Exhibit 121: International Business Machines Corp. - Segment focus
            • 10.10 Koninklijke Philips NV
              • Exhibit 122: Koninklijke Philips NV - Overview
              • Exhibit 123: Koninklijke Philips NV - Business segments
              • Exhibit 124: Koninklijke Philips NV - Key news
              • Exhibit 125: Koninklijke Philips NV - Key offerings
              • Exhibit 126: Koninklijke Philips NV - Segment focus
            • 10.11 McAfee Corp.
              • Exhibit 127: McAfee Corp. - Overview
              • Exhibit 128: McAfee Corp. - Product / Service
              • Exhibit 129: McAfee Corp. - Key offerings
            • 10.12 Palo Alto Networks Inc.
              • Exhibit 130: Palo Alto Networks Inc. - Overview
              • Exhibit 131: Palo Alto Networks Inc. - Product / Service
              • Exhibit 132: Palo Alto Networks Inc. - Key news
              • Exhibit 133: Palo Alto Networks Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 134: Inclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

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

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT 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 growth will increase by $2.00 bn during 2022-2026.
              The medical device security solutions market market is expected to grow at a CAGR of 12.47% during 2022-2026.
              Technavio has segmented the medical device security solutions market market by device (Wearable and external medical devices, Hospital medical devices, and Internally embedded medical devices) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Battelle Memorial Institute, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA Networks Inc., Clearwater Compliance LLC, Coalfire Systems Inc., Draegerwerk AG and Co. KGaA, DXC Technology Co., Extreme Networks Inc., FireEye Inc., Fortinet Inc., General Electric Co., Imperva Inc., International Business Machines Corp., Koninklijke Philips NV, McAfee Corp., Palo Alto Networks Inc., Sophos Ltd., UL LLC are a few of the key vendors in the medical device security solutions market market.
              North America will register the highest growth rate of 45% among the other regions. Therefore, the medical device security solutions market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the medical device security solutions market market growth are:
              • Increasing concerns about healthcare data
              • Growing geriatric population and prevalence of chronic diseases
              The medical device security solutions market market vendors should focus on grabbing business opportunities from the wearable and external medical devices segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the factors influencing the growth of the parent market?
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