Healthcare Cybersecurity Market - Global Outlook & Forecast 2021-2026

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Healthcare Cybersecurity Market Report

The healthcare cybersecurity market was valued at USD 9.52 billion in 2020 and is expected to reach USD 24.1 billion by 2026 growing at a CAGR of 16.70%.

HEALTHCARE CYBERSECURITY MARKET OVERVIEW

The Healthcare sector is experiencing a paradigm shift due to many factors. New models of care are evolving, the focus is shifting from illness to wellness, and costs continue to climb amid growing demand for personalized, long-term care and the need for patients to participate in care management. The major factors propelling the growth of the global healthcare cybersecurity market are the increasing use of technology, the growing data privacy issues, and the growing acceptance of cybersecurity in emerging economies. Collaboration between private and public sectors to strengthen cybersecurity is also a factor driving the demand in the healthcare cybersecurity market.

The following factors are likely to contribute to the growth of the healthcare cybersecurity market-

  • Significant Investments by Public & Private Players
  • The growing use of Digital Platforms for Telehealth Consultation
  • Increasing Partnerships & Collaborations
  • Rising Data Privacy Issues due to the Shift Towards Digitalization
  • Increased Data in Healthcare
  • Growing Acceptance & Technological Advancements
KEY HIGHLIGHTS
  • On the mergers and acquisitions side in the global cybersecurity industry 9 deals dominated by USD 1 billion, including McAfee’s USD 4 billion acquisition by STG, Auth0’s USD 6.4 billion acquisition by Okta, and Proofpoint’s USD 12.3 billion acquisition by Thoma Bravo.
  • Collaboration between public and private sectors in cybersecurity matters seems unavoidable, especially when considering the private sector, in general, owns and operates a large part of a country’s infrastructure. For instance, in 2017, the public-private partnership Cyber NYC was introduced.
The study considers a detailed scenario of the present healthcare cybersecurity market and its market dynamics for the period 2021−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

HEALTHCARE CYBERSECURITY MARKET SEGMENTS

The healthcare cybersecurity market report includes a detailed segmentation by:
  • Threat Type
  • Security Type
  • Deployment Type
  • End-user
  • Geography
HEALTHCARE CYBERSECURITY MARKET SEGMENTATION
  • With the increased adoption of bringing your own device (BYOD) policies in the healthcare industry, organizations are required to improve their efforts to protect healthcare data from phishing.
  • Outdated infrastructure security can lead to cybersecurity vulnerabilities like patch management, configuration management, failures in access controls, encryption of data, and website security. This is driving the demand for network security in the healthcare cyber security market.
Segmentation by Threat Type
  • Malware
Ransomware

Virus

Others
  • Phishing
  • Others
  • Denial of Service
Segmentation by Security Type
  • Network Security
  • Application Security
  • Others
  • Cloud Security
  • Critical Infrastructure Security
Segmentation by Deployment Type
  • On-Premises
  • Cloud-Based
Segmentation by End-user
  • Pharma & Biotech Companies
  • Payers
  • Healthcare Facilities
  • Others
GEOGRAPHICAL ANALYSIS
  • North America: In 2020, the number of hacking incidents reported in healthcare climbed, jumping to 42%. This is one factor that drove market demand in recent times in the US healthcare cybersecurity market. During the pandemic, cyber-crimes were enhanced as cybercriminals took advantage of the crisis which caused immense disruption to the healthcare sector at that time when it was facing massive patient care demands.
  • Europe: In April 2018, the European Commission (EC) announced a conclusive communication that involved a complete overview of previous actions taken to promote the digitalization of health and several commitments to drive digital transformation in the region. This will drive the growth of cybersecurity companies in the region.
Segmentation by Geography
  • North America
US

Canada
  • Europe
UK

Germany

France

Italy

Spain
  • APAC
Japan

China

South Korea

India

Australia
  • Latin America
Brazil

Mexico

Argentina
  • Middle East & Africa
Turkey

South Africa

Saudi Arabia

VENDOR LANDSCAPE
  • The key players in the healthcare cybersecurity market are Cisco Systems Inc., Intel Corporation, International Business Machines Corporation (IBM), McAfee Corp, Inc, and Palo Alto Networks.
  • The adoption of IoT, application security, application of AI, and machine learning is helping the vendors to improve their delivery of cybersecurity solutions.
  • Many companies adopt inorganic ways of growth like acquisitions. For instance, recently McAfee successfully acquired TunnelBear which is a consumer VPN provider, and Skyhigh which is a leader in cloud access security broker (“CASB”).
Key Vendors
  • Cisco Systems Inc.
  • Intel Corporation
  • International Business Machines Corporation (IBM)
  • McAfee Corp
  • Palo Alto Networks
Other Prominent Vendors
  • Armis
  • Bitglass Inc
  • Check Point Software Technologies Ltd
  • ClearDATA
  • CrowdStrike
  • CybelAngel
  • CyberMDX
  • Cylera
  • Cynerio
  • FireEye
  • Fortified Health Security
  • Imperva
  • Irdeto
  • Juniper Networks Inc
  • Kaspersky
  • LogRhythm
  • MedCrypt
  • Medigate
  • Meditology Services
  • Ostendio
  • Protenus
  • Sensato Cybersecurity Solutions
  • Trend Micro Inc
KEY QUESTIONS ANSWERED:

1. What is the market size and share of the global healthcare cybersecurity market?

2. What are the major factors driving the demand for healthcare cybersecurity services?

3. What are the segments covered in the healthcare cybersecurity market?

4. Which region has the highest growth rate in the healthcare cybersecurity industry?

5. Who are the top players in the healthcare cybersecurity market?


1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation By Threat Type
4.3.2 Market Segmentation By Security Type
4.3.3 Market Segmentation By Deployment
4.3.4 Market Segmentation By End-User
4.3.5 Market Segmentation By Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Evolution Of Cybersecurity
7.2 Cybersecurity In Healthcare
7.3 Covid-19 Impact
8 Market Opportunities & Trends
8.1 Significant Investments By Public & Private Players
8.2 Growing Use Of Digital Platforms For Telehealth Consultation
8.3 Increasing Partnerships & Collaborations
9 Market Growth Enablers
9.1 Rising Data Privacy Issues Due To The Shift Toward Digitalization
9.2 Increased Data In Healthcare
9.3 Growing Acceptance & Technological Advancements
10 Market Restraints
10.1 Dearth Of Trained Healthcare It Professionals
10.2 High Implementation & Monitoring Costs
10.3 Lack Of Awareness Among Developing Countries
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.2.1 Geographic Insights
11.2.2 Threat Type Insights
11.2.3 Security Insights
11.2.4 Deployment Type
11.2.5 End-User Insights
11.3 Five Forces Analysis
11.3.1 Threat Of New Entrants
11.3.2 Bargaining Power Of Suppliers
11.3.3 Bargaining Power Of Buyers
11.3.4 Threat Of Substitutes
11.3.5 Competitive Rivalry
12 Threat Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Malware
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Ransomware: Market Size & Forecast
12.3.4 Virus: Market Size & Forecast
12.3.5 Others: Market Size & Forecast
12.3.6 Market By Geography
12.4 Phishing
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market By Geography
12.5 Denial Of Service
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market By Geography
12.6 Others
12.6.1 Market Overview
12.6.2 Market Size & Forecast
12.6.3 Market By Geography
13 Security Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Network Security
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market By Geography
13.4 Application Security
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market By Geography
13.5 Cloud Security
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.5.3 Market By Geography
13.6 Critical Infrastructure Security
13.6.1 Market Overview
13.6.2 Market Size & Forecast
13.6.3 Market By Geography
13.7 Others
13.7.1 Market Overview
13.7.2 Market Size & Forecast
13.7.3 Market By Geography
14 Deployment
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 On-Premises
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market By Geography
14.4 Cloud-Based
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market By Geography
15 End-User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Pharma & Biotech Companies
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market By Geography
15.4 Payers
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Market By Geography
15.5 Healthcare Facilities
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Market By Geography
15.6 Others
15.6.1 Market Overview
15.6.2 Market Size & Forecast
15.6.3 Market By Geography
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 North America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 North America: Threat Type
17.3.1 Market Size & Forecast
17.4 North America: Security Type
17.4.1 Market Size & Forecast
17.5 North America: Deployment
17.5.1 Market Size & Forecast
17.6 North America: End-User
17.6.1 Market Size & Forecast
17.7 Key Countries
17.7.1 US: Market Size & Forecast
17.7.2 Canada: Market Size & Forecast
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Europe: Threat Type
18.3.1 Market Size & Forecast
18.4 Europe: Security Type
18.4.1 Market Size & Forecast
18.5 Europe: Deployment
18.5.1 Market Size & Forecast
18.6 Europe: End-User
18.6.1 Market Size & Forecast
18.7 Key Countries
18.7.1 UK: Market Size & Forecast
18.7.2 Germany: Market Size & Forecast
18.7.3 France: Market Size & Forecast
18.7.4 Italy: Market Size & Forecast
18.7.5 Spain: Market Size & Forecast
19 APAC
19.1 Market Overview
19.2 Market Size & Forecast
19.3 APAC: Threat Type
19.3.1 Market Size & Forecast
19.4 APAC: Security Type
19.4.1 Market Size & Forecast
19.5 APAC: Deployment
19.5.1 Market Size & Forecast
19.6 APAC: End-User
19.6.1 Market Size & Forecast
19.7 Key Countries
19.7.1 Japan: Market Size & Forecast
19.7.2 China: Market Size & Forecast
19.7.3 South Korea: Market Size & Forecast
19.7.4 India: Market Size & Forecast
19.7.5 Australia: Market Size & Forecast
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Latin America: Threat Type
20.3.1 Market Size & Forecast
20.4 Latin America: Security Type
20.4.1 Market Size & Forecast
20.5 Latin America: Deployment
20.5.1 Market Size & Forecast
20.6 Latin America: End-User
20.6.1 Market Size & Forecast
20.7 Key Countries
20.7.1 Brazil: Market Size & Forecast
20.7.2 Mexico: Market Size & Forecast
20.7.3 Argentina: Market Size & Forecast
21 Middle East & Africa
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Middle East & Africa: Threat Type
21.3.1 Market Size & Forecast
21.4 Middle East & Africa: Security Type
21.4.1 Market Size & Forecast
21.5 Middle East & Africa: Deployment
21.5.1 Market Size & Forecast
21.6 Middle East & Africa: End-User
21.6.1 Market Size & Forecast
21.7 Key Countries
21.7.1 Turkey: Market Size & Forecast
21.7.2 South Africa: Market Size & Forecast
21.7.3 Saudi Arabia: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 CISCO SYSTEMS INC.
23.1.1 Business Overview
23.1.2 Product Offerings
23.1.3 Key Strategies
23.1.4 Key Strengths
23.1.5 Key Opportunities
23.2 INTEL CORPORATION
23.2.1 Business Overview
23.2.2 Product Offerings
23.2.3 Key Strategies
23.2.4 Key Strengths
23.2.5 Key Opportunities
23.3 IBM
23.3.1 Business Overview
23.3.2 Product Offerings
23.3.3 Key Strategies
23.3.4 Key Strengths
23.3.5 Key Opportunities
23.4 MCAFEE CORP.
23.4.1 Business Overview
23.4.2 Product Offerings
23.4.3 Key Strategies
23.4.4 Key Strengths
23.4.5 Key Opportunities
23.5 PALO ALTO NETWORKS
23.5.1 Business Overview
23.5.2 Product Offerings
23.5.3 Key Strategies
23.5.4 Key Strengths
23.5.5 Key Opportunities
24 Other Prominent Vendors
24.1 ARMIS
24.1.1 Business Overview
24.1.2 Product Offerings
24.2 BITGLASS INC.
24.2.1 Business Overview
24.2.2 Product Offerings
24.3 CHECK POINT SOFTWARE TECHNOLOGIES
24.3.1 Business Overview
24.3.2 Product Offerings
24.4 CLEARDATA
24.4.1 Business Overview
24.4.2 Product Offerings
24.5 CROWDSTRIKE
24.5.1 Business Overview
24.5.2 Product Offerings
24.6 CYBELANGEL
24.6.1 Business Overview
24.6.2 Product Offerings
24.7 CYBERMDX
24.7.1 Business Overview
24.7.2 Product Offerings
24.8 CYLERA
24.8.1 Business Overview
24.8.2 Product Offerings
24.9 CYNERIO
24.9.1 Business Overview
24.9.2 Product Offerings
24.10 FIREEYE
24.10.1 Business Overview
24.10.2 Product Offerings
24.11 FORTIFIED HEALTH SECURITY
24.11.1 Business Overview
24.11.2 Service Offerings
24.12 IMPERVA
24.12.1 Business Overview
24.12.2 Product Offerings
24.13 IRDETO
24.13.1 Business Overview
24.13.2 Product Offerings
24.14 JUNIPER NETWORKS INC.
24.14.1 Business Overview
24.14.2 Product Offerings
24.15 KASPERSKY
24.15.1 Business Overview
24.15.2 Product Offerings
24.16 LOGRHYTHM
24.16.1 Business Overview
24.16.2 Product Offerings
24.17 MEDCRYPT
24.17.1 Business Overview
24.17.2 Product Offerings
24.18 MEDIGATE
24.18.1 Business Overview
24.18.2 Product Offerings
24.19 MEDITOLOGY SERVICES
24.19.1 Business Overview
24.19.2 Service Offerings
24.20 OSTENDIO
24.20.1 Business Overview
24.20.2 Product Offerings
24.21 PROTENUS
24.21.1 Business Overview
24.21.2 Product Offerings
24.22 SENSATO CYBERSECURITY SOLUTIONS
24.22.1 Business Overview
24.22.2 Service Offerings
24.23 TREND MICRO
24.23.1 Business Overview
24.23.2 Product Offerings
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market By Geography
26.1.1 North America: Threat Type
26.1.2 North America: Security Type
26.1.3 North America: Deployment
26.1.4 North America: End-User
26.1.5 Europe: Threat Type
26.1.6 Europe: Security Type
26.1.7 Europe: Deployment
26.1.8 Europe: End-User
26.1.9 APAC: Threat Type
26.1.10 APAC: Security Type
26.1.11 APAC: Deployment
26.1.12 APAC: End-User
26.1.13 Latin America: Threat Type
26.1.14 Latin America: Security Type
26.1.15 Latin America: Deployment
26.1.16 Latin America: End-User
26.1.17 Middle East & Africa: Threat Type
26.1.18 Middle East & Africa: Security Type
26.1.19 Middle East & Africa: Deployment
26.1.20 Middle East & Africa: End-User
26.2 Market By Threat Type
26.2.1 Malware
26.2.2 Phishing
26.2.3 Denial Of Service
26.2.4 Others
26.3 Market By Security Type
26.3.1 Network Security
26.3.2 Application Security
26.3.3 Cloud Security
26.3.4 Critical Infrastructure Security
26.3.5 Others
26.4 Market By Deployment
26.4.1 On-Premises
26.4.2 Cloud-Based
26.5 Market By End-User
26.5.1 Pharma & Biotech Companies
26.5.2 Payers
26.5.3 Healthcare Facilities
26.5.4 Others
27 Appendix
27.1 Abbreviations

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