Home > Healthcare > Healthcare IT > Payer/Provider Solutions > Healthcare Cybersecurity Market

Healthcare Cybersecurity Market Size

Report ID: GMI3147
Published Date: May 2023
Report Format: PDF

Download Free Sample

Healthcare Cybersecurity Market Size

Healthcare Cybersecurity Market size exceeded USD 16.5 billion in 2022 and will exhibit over 18.5% CAGR from 2023-2032 driven by the increasing number of cyberattacks in developed as well as developing economies.

To get key market trends

Download Free Sample

Medical data shared across a vast network is subject to ransomware and virus attacks. Hackers often target the healthcare industry as it is a lucrative way to gain access to health insurance information, medical records, and, in certain cases, social security numbers, posing a direct danger to victims. Thus, to strengthen data security, healthcare professionals are adopting advanced healthcare cybersecurity solutions, which is expected to support market progress.

Healthcare Cybersecurity Market Report Attributes
Report Attribute	Details
Base Year:	2022
Healthcare Cybersecurity Market Size in 2022:	USD 16.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	18.5%
2032 Value Projection:	USD 92.1 Billion
Historical Data for:	2018 to 2022
No. of Pages:	190
Tables, Charts & Figures:	359
Segments covered:	Threat, Security Measures, Deployment, End-use, and Region
Growth Drivers:	Growing cases of healthcare cyber-attacks in developed as well as developing economies Rising security and regulatory compliance-related issues in North America and Europe Increasing incidences of data leaks in developing countries Technological advancements in healthcare cybersecurity software in Europe and North America
Pitfalls & Challenges:	High cost of healthcare cyber security solutions in developing and underdeveloped regions Lack of trained professionals for operating the cyber security solutions

Learn more about the key segments shaping this market

Download Free Sample

Many countries, particularly developed nations, lack experts in data protection as well as cybersecurity training. The shortage of skilled individuals to operate cyber security technologies is slowing down healthcare cybersecurity market expansion. However, continued efforts to educate health professionals in the usage of digital health technologies will counter this market constraint in the future. This is expected to increase cybersecurity capabilities by encouraging developer skills, technological entrepreneurship, and networking.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for healthcare cybersecurity was worth around USD 16.5 billion in 2022 and is estimated to grow at over 18.5% CAGR through 2032, owing to the increasing number of cyberattacks globally.

Network security segment is anticipated to amass more than USD 42 billion by 2032 driven by the advancement of healthcare IT.

North America healthcare cybersecurity market was valued at over USD 6 billion in 2022 and will grow significantly through 2032 owing to the increasing investment in R&D to develop advanced healthcare cybersecurity software.

Fortified Health Security, Northrop Grumman, CLCLEARDATA, IBM, Imperva, Cisco Systems, Inc., Intel Corporation, Palo Alto Networks, Inc., and Trend Micro Incorporated are some of the leading firms engaged in the market.