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Medical Device Security Market Share

Report ID: GMI11805
Published Date: Oct 2024
Report Format: PDF

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Medical Device Security Market Share

The market is characterized by a competitive landscape, with several key players holding significant market shares. Leading companies, such as IBM, Palo Alto Networks, McAfee, and CyberArk, dominate the space by offering comprehensive security solutions tailored to the unique vulnerabilities of medical devices and healthcare networks. These companies leverage advanced technologies, including artificial intelligence and machine learning, to enhance threat detection and response capabilities.

As healthcare providers and medical device manufacturers prioritize cybersecurity due to increasing regulatory pressures and rising cyber threats, these companies are expected to capture substantial market share. Overall, the competitive dynamics in the market reflect a concerted effort to innovate and deliver robust security solutions that safeguard sensitive patient data and ensure device integrity.

Medical Device Security Market Companies

Prominent players operating in the medical device security industry include:

Check Point Software
Cisco Systems, Inc.
ClearDATA
CrowdStrike Holdings
CyberArk Software Ltd.
FireEye, Inc.
Forescout Technologies
Fortinet, Inc.
IBM Corporation
Imperva, Inc.
McAfee, LLC
Palo Alto Networks
Qualys, Inc.
Rapid7, Inc.
Sophos Group
Trend Micro, Inc.
Zscaler, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global medical device security industry was valued at USD 8.2 billion in 2023 and is expected to grow at a CAGR of 8.9% from 2024 to 2032, driven by the increasing adoption of connected medical devices and the expanding IoMT ecosystem.

The solutions segment generated USD 5.6 billion in revenue in 2023, driven by the critical need for encryption, IAM, and IDS/IPS to safeguard sensitive patient data and maintain device integrity.

North America medical device security market recorded USD 3.1 billion in revenue in 2023 and is anticipated to grow at a CAGR of 8% between 2024 and 2032, driven by the increasing prevalence of connected medical devices and a surge in cyberattacks targeting healthcare organizations.

Key players in the sector include Check Point Software, Cisco Systems, Inc., ClearDATA, CrowdStrike Holdings, CyberArk Software Ltd., FireEye, Inc., Forescout Technologies, Fortinet, Inc., IBM Corporation, Imperva, Inc., and McAfee, LLC.