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Medical Device Security Market Growth Set to Register A CAGR of 8.3% By 2023, Market Growth and Size, Top Players with Focused Applications

Medical Device Security

The Global Medical Device Security Market 2020-2023 Research Report provides idealistic and determined details of the Medical Device Security Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Medical Device Security market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.

The Medical Device Security Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023

  • CA Technologies
  • Check Point Software Technologies
  • Check Point Software Technologies
  • Cisco Systems
  • DXC Technology
  • Fireeye
  • GE Healthcare
  • IBM
  • Koninklijke Philips N.V.
  • Mcafee
  • and Symantec Corporation among others.

The Medical Device Security Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Medical Device Security Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.

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Summary of Medical Device Security Market:

The Global Medical Device Security Market is expected to register a CAGR of nearly 8.3% during 2020-2023 (the forecast period). Medical Devices are vulnerable to security threats and are protected with use of industry standard guidelines. Medical device manufacturers mitigate risks use software solutions, and encrypt data for secure data transfer and data loss.

Increasing Instances Of Healthcare Cyberattacks and Threats

There is an increase in cyber attacks on the healthcare facilities systems and their medical devices and theft of personal data that are critical to hospitals and patient privacy. This has led to implementation of strict government guidelines by FDA and National Institute for Standards and Technology (NIST). For medical devices (MRI scanners, surgery robots, X-ray machines, dental devices) endpoints are Internet-enabled with IP network. In the healthcare endpoints are prone to security threat by hackers. Endpoint security has become increasingly important for data protection and protection of systems from unauthorized manipulation and preventing use of malicious softwares. Medical devices with configurable embedded computer systems are more vulnerable to cyber security threats. With rise in use of medical devices across healthcare organizations, the device manufacturers and hospitals have become more vigilant in improving their network security. Medical devices in hospital room in an intensive care units are integrated to a cloud bases infrastructure for online sharing of encrypted healthcare data. Thus arising the need for providing security for medical devices, which is further contributing to the growth of medical device security market. Other factors which are driving the medical device security market growth are increasing demand for connected medical devices and government regulations along with need for compliance.

Limited Healthcare Security Budgets

Security threats in healthcare are increasing continuously, this pose a risk to patient safety. Despite increase in data breaches the healthcare industry still allots a limited security budget to defend against the hackers. Security budgets in healthcare lag behind other industries. Most healthcare facilities are reluctant to invest as they have thin revenue margins and the investment in cybersecurity improvement does not generate revenue. They also has to invest on expensive equipment for the facility. The most purchased cybersecurity solutions are to comply with the regulatory guidelines and most organizations fail to evaluate their investments in security. Digital devices in hospitals are not upgraded and usually run on old operating systems which are less secure. Hospitals fail to allot budgets for upgrading the devices as it is costly and if upgraded that will trigger FDA certification. Therefore, limited healthcare security budgets is acting as a major factor responsible to hinder the growth of medical device security market.

The US Lead the Market in North America Region

In United States there is a rise in adoption of wired and wireless networked medical devices because they have important role in individuals health outcomes. Because they collect vast clinical data these medical device systems are prone to security risk. In 2020, FDA released a safety action plan outlining proposals for improvement of cyber security in medical devices. These government initiatives to lessen the data breaches by increasing the security of medical devices is a major factor responsible to contribute for the growth of medical device security market in US.

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Reasons to Purchase the Report

  • Current and future Global Medical Device Security Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet

    The Medical Device Security Market 2020-2023 Analysis objectives of the report are:

    • To analyze Medical Device Security Market regarding growth trends, anticipation and also their participation in the entire sector.
    • To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
    • To know the Medical Device Security Market by distinguishing its many sub-segments.
    • To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
    • To profile the Leading players in the industry and analyze their growth plans.
    • To venture the amount and value of sub-markets, depending on key regions.
    • Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
    • To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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    The growth of this market worldwide is subjected to various factors; including consumer world-class Medical Device Security Market of many Medical Device Security Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.

    In conclusion, Medical Device Security Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Medical Device Security Market competitors.


    Mr. Ajay More

    Phone: +14242530807 / + 44 20 3239 8187

    Email: [email protected]

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