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Medical Device Security Solutions Market by Device and Geography - Forecast and Analysis 2020-2024

Medical Device Security Solutions Market by Device and Geography - Forecast and Analysis 2020-2024

Global Medical Device Security Solutions Market: About this market

Technavio’s medical device security solutions market analysis considers sales from wearable and external medical devices, hospital medical devices, and internally embedded medical devices. Our study also finds the sales of medical device security solutions in APAC, Europe, MEA, North America, and South America. In 2018, the wearable and external medical devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing awareness about lifestyle disorders and familiarity with new technologically advanced devices will play a significant role in the wearable and external medical devices segment to maintain its market position. Also, our global medical device security solutions market report looks at factors such as growing concerns about healthcare data, growing adoption of IoT and connected devices in the health care industry, and stringent government regulations. However, use of outdated platforms in healthcare industry, lack of awareness regarding security and technical issues, and low expenditure on healthcare security may hamper the growth of the medical device security solutions industry over the forecast period.

Global Medical Device Security Solutions Market: Overview

Growing adoption of IoT and connected devices in the healthcare industry

Healthcare organizations are gradually moving toward creating a connected hospital infrastructure with the aid of IoT to provide timely and improved care. IoT is increasingly leveraged in the healthcare industry through various applications, including telemedicine, connected imaging, medication management, and inpatient monitoring. However, the increasing use of connected medical devices coupled with increasing deployment of IoT has made computer systems more vulnerable to cybersecurity threats. This is prompting stakeholders in the healthcare sector to increase their focus on improving network security and forming robust healthcare IT infrastructure. Thus, with the growing adoption of IoT and connected devices will lead to the expansion of the global medical device security solutions market at a CAGR of over 8% during the forecast period.

Increasing demand for cloud-based solutions

The deployment of cloud computing in the healthcare industry has increased considerably in recent years as it offers business agility, privacy, and security at lower costs. Cloud computing quickens the access of electronic medical records and enables the storage of clinical statistical data related to hospitals and clinics. Furthermore, factors including the rising need to comply with regulations, growing penetration of high-speed networks, and rising digital awareness are increasing the adoption of cloud-based solutions in the healthcare sector. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global medical device security solutions market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global medical device security solutions market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical device security solutions manufacturers, that include Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA Networks Inc., CloudPassage Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McAfee LLC, and Palo Alto Networks Inc.

Also, the medical device security solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


PART 01 : EXECUTIVE SUMMARY
PART 02 : SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03 : MARKET LANDSCAPE
Market ecosystem
Market characteristics
Value Chain Analysis
Market segmentation analysis
PART 04 : MARKET SIZING
Market definition
Market sizing 2019
Market Outlook
Market size and forecast 2019-2024
PART 05 : FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06 : MARKET SEGMENTATION BY DEVICE
Market segmentation by device
Comparison by device
Wearable and external medical devices - Market size and forecast 2019-2024
Hospital medical devices - Market size and forecast 2019-2024
Internally embedded medical devices - Market size and forecast 2019-2024
Market opportunity by device
PART 07 : CUSTOMER LANDSCAPE
PART 08 : GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity
PART 09 : DECISION FRAMEWORK
PART 10 : DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11 : MARKET TRENDS
Growing geriatric population and prevalence of chronic diseases
Rising demand for self-medication and homecare medical devices
Increasing demand for cloud-based solutions
PART 12 : VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13 : VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Broadcom Inc.
Check Point Software Technologies Ltd.
Cisco Systems Inc.
ClearDATA Networks Inc.
CloudPassage Inc.
General Electric Co.
International Business Machines Corp.
Koninklijke Philips NV
McAfee LLC
Palo Alto Networks Inc.
PART 14 : APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15 : EXPLORE TECHNAVIO
Exhibit 01: Vendors: Key product offerings
Exhibit 02: Global systems software market
Exhibit 03: Segments of global systems software market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Device - Market share 2019-2024 (%)
Exhibit 19: Comparison by device
Exhibit 20: Wearable and external medical devices - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Wearable and external medical devices - Year-over-year growth 2020-2024 (%)
Exhibit 22: Hospital medical devices - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Hospital medical devices - Year-over-year growth 2020-2024 (%)
Exhibit 24: Internally embedded medical devices - Market size and forecast 2019-2024 ($ millions)
Exhibit 25: Internally embedded medical devices - Year-over-year growth 2020-2024 (%)
Exhibit 26: Market opportunity by device
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2019-2024 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 31: North America - Year-over-year growth 2020-2024 (%)
Exhibit 32: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 34: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 36: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: South America - Year-over-year growth 2020-2024 (%)
Exhibit 38: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Broadcom Inc. - Vendor overview
Exhibit 49: Broadcom Inc. - Business segments
Exhibit 50: Broadcom Inc. - Organizational developments
Exhibit 51: Broadcom Inc. - Geographic focus
Exhibit 52: Broadcom Inc. - Segment focus
Exhibit 53: Broadcom Inc. - Key offerings
Exhibit 54: Check Point Software Technologies Ltd. - Vendor overview
Exhibit 55: Check Point Software Technologies Ltd. - Business segments
Exhibit 56: Check Point Software Technologies Ltd. - Organizational developments
Exhibit 57: Check Point Software Technologies Ltd. - Geographic focus
Exhibit 58: Check Point Software Technologies Ltd. - Segment focus
Exhibit 59: Check Point Software Technologies Ltd. - Key offerings
Exhibit 60: Cisco Systems Inc. - Vendor overview
Exhibit 61: Cisco Systems Inc. - Business segments
Exhibit 62: Cisco Systems Inc. - Organizational developments
Exhibit 63: Cisco Systems Inc. - Geographic focus
Exhibit 64: Cisco Systems Inc. - Segment focus
Exhibit 65: Cisco Systems Inc. - Key offerings
Exhibit 66: ClearDATA Networks Inc. - Vendor overview
Exhibit 67: ClearDATA Networks Inc. - Business segments
Exhibit 68: ClearDATA Networks Inc. - Organizational developments
Exhibit 69: ClearDATA Networks Inc. - Key offerings
Exhibit 70: CloudPassage Inc. - Vendor overview
Exhibit 71: CloudPassage Inc. - Business segments
Exhibit 72: CloudPassage Inc. - Organizational developments
Exhibit 73: CloudPassage Inc. - Key offerings
Exhibit 74: General Electric Co. - Vendor overview
Exhibit 75: General Electric Co. - Business segments
Exhibit 76: General Electric Co. - Organizational developments
Exhibit 77: General Electric Co. - Geographic focus
Exhibit 78: General Electric Co. - Segment focus
Exhibit 79: General Electric Co. - Key offerings
Exhibit 80: International Business Machines Corp. - Vendor overview
Exhibit 81: International Business Machines Corp. - Business segments
Exhibit 82: International Business Machines Corp. - Organizational developments
Exhibit 83: International Business Machines Corp. - Geographic focus
Exhibit 84: International Business Machines Corp. - Segment focus
Exhibit 85: International Business Machines Corp. - Key offerings
Exhibit 86: Koninklijke Philips NV - Vendor overview
Exhibit 87: Koninklijke Philips NV - Business segments
Exhibit 88: Koninklijke Philips NV - Organizational developments
Exhibit 89: Koninklijke Philips NV - Geographic focus
Exhibit 90: Koninklijke Philips NV - Segment focus
Exhibit 91: Koninklijke Philips NV - Key offerings
Exhibit 92: McAfee LLC - Vendor overview
Exhibit 93: McAfee LLC - Business segments
Exhibit 94: McAfee LLC - Organizational developments
Exhibit 95: McAfee LLC - Key offerings
Exhibit 96: Palo Alto Networks Inc. - Vendor overview
Exhibit 97: Palo Alto Networks Inc. - Business segments
Exhibit 98: Palo Alto Networks Inc. - Organizational developments
Exhibit 99: Palo Alto Networks Inc. - Geographic focus
Exhibit 100: Palo Alto Networks Inc. - Segment focus
Exhibit 101: Palo Alto Networks Inc. - Key offerings
Exhibit 102: Validation techniques employed for market sizing
Exhibit 103: Definition of market positioning of vendors

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