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Health IT Security Market Size

  • Report ID: GMI6281
  • Published Date: Jul 2023
  • Report Format: PDF

Health IT Security Market Size

Health IT Security Market size accounted for USD 21.5 billion in 2023 and is estimated to grow at 18.2% to reach USD 96.3 billion by 2032 due to increasing number of data breach, cyber-attack and denial-of-service (DDoS) attacks.

 

For instance, according to the HIPAA Journal, as of 2021, approximately 4,419 healthcare data breaches were recorded involving 500 or more user records. Similarly, in 2023, according to U.S. Department of Health and Human Services, DDoS attacks increased by 67% year-on-year and 24% quarter-on-quarter.

 

Health IT security aims to safeguard electronic health records (EHRs), patient health information, medical devices, telehealth systems, and other healthcare-related technologies from threats, data breaches, and unauthorized access. It involves the protection of both personal health information (PHI), which identifies individual patients, and non-personal health information, such as medical research data and healthcare operational data.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for health IT security accounted for USD 21.5 billion in 2023 and is estimated to reach USD 96.3 billion by 2032, owing to the increasing number of data breach, cyber-attack, and distributed denial-of-service (DDoS) attacks.

Network security segment accounted for USD 7.7 billion in market revenue in 2022, owing to benefits like enhanced protection of sensitive patient information, prevention of network-based attacks, mitigation of risks, and improved overall system security.

North America market accounted for 36.9% revenue share in 2022 and is anticipated to grow at considerable rate through 2032, backed by the increasing number of hospitals and adoption of technologically advanced healthcare solutions.

IBM Corporation, Oracle Corporation, Intel Corporation, Dell Technologies Inc among others.

Health IT Security Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 373
  • Countries covered: 20
  • Pages: 150
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