The medical device security market has been witnessing significant growth over the past few years owing to rise connected medical devices coupled with the government regulations and need for compliance, increasing IoT penetration and adoption of BYOD, growing geriatric population and subsequent growth in the chronic disease management. In addition, increasing penetration of medical devices connected and communicating to each other along with the mandates and regulations for the secured networks for connected medical devices is expected to bolster the market growth in the coming years. Furthermore, increasing interest of key players in the development of advanced devices is expected to offer significant growth opportunities during next few years. However, lack of budget for healthcare IT security are expected to restraint the market growth during the forecast period.
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Medical devices, like other computer systems can be vulnerable to security breaches, potentially impacting the safety and effectiveness of the device. Organizations are adding more and more connected medical devices to the Healthcare IT infrastructure, which are increasing the scope for raising concerns about device security. Networks are becoming more and more vulnerable to new and sophisticated threats such as malware, Trojans and many more. Additionally, the trend of bring your own device (BYOD) social media usage and cloud synchronizing tools are also driving the demand. In the recent years, increase instances of cyberattacks and threats is creating demand for medical device security, thus enhancing the market revenue.
The market based on offerings can be segmented into solutions and services. Service segment contribute to larger share of the market, owing to growing demand for continuous consultation, support & maintenance services to protect IT infrastructure in healthcare industry and connected medical devices. Many large and small manufacturers in the market are aiming to develop various solutions and such developments are further expected to bolster the demand for solutions segment in the coming years.
Top 10 Players Genomics Market Overview:
Cisco Systems,
IBM, GE Healthcare,
Symantec,
CA Technologies,
Philips,
DXC Technology,
CloudPassage
and others.
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The global medical device security based on the geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for medical device security in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The medical device security market report includes market size and analysis for all the above-mentioned regions and countries for type, device type,offerings and end user.
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