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Health IT Security Market Trends

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

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Health IT Security Market Trends

Increasing concern regarding patient data privacy and security has significantly boosted the demand for health IT security solutions. Rising digitization in healthcare sector and growing reliance on electronic health records (EHR) has highlighted the need of protecting sensitive patient information from unauthorized access, breaches, and misuse. Also, patient information, such as medical records, insurance details, and personally identifiable information (PII), must be safeguarded to maintain patient trust and comply with regulations. Further, increasing use of connected medical devices and various healthcare IT solutions to enhance patient care along with strict regulations imposed by the government to safeguard patient information.

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.