PUBLISHER: The Business Research Company | PRODUCT CODE: 1675541
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675541
Healthcare cybersecurity is a strategic necessity for all medical industry organizations, including healthcare providers, insurers, pharmaceuticals, biotechnology, and medical device firms.
The primary threat types in healthcare cybersecurity are malware, distributed denial of service (DDoS), advanced persistent threats (APT), spyware, and other threats. Malware threats in healthcare institutes are addressed through healthcare cybersecurity software. Solutions include healthcare cybersecurity, identity and access management, risk and compliance management, antivirus and antimalware, DDoS mitigation, security information and event management, intrusion detection systems, and intrusion prevention systems. These measures cover application security, network security, device security, and more. Deployment options include on-premises and cloud-based, catering to various end-users such as pharmaceutical industries, biotechnology industries, hospitals, medical device companies, health insurance companies, and others.
The healthcare cyber security market research report is one of a series of new reports from The Business Research Company that provides healthcare cyber security market statistics, including healthcare cyber security industry global market size, regional shares, competitors with a healthcare cyber security market share, detailed healthcare cyber security market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare cyber security industry. This healthcare cyber security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The healthcare cyber security market size has grown rapidly in recent years. It will grow from $23.12 billion in 2024 to $27.53 billion in 2025 at a compound annual growth rate (CAGR) of 19.1%. The growth in the historic period can be attributed to rising cyber threats, regulatory compliance, increased interconnectivity, data monetization concerns, awareness and education, legacy system vulnerabilities.
The healthcare cyber security market size is expected to see exponential growth in the next few years. It will grow to $58.61 billion in 2029 at a compound annual growth rate (CAGR) of 20.8%. The growth in the forecast period can be attributed to iota security challenges, remote healthcare challenges, supply chain security, quantum computing threats, behavioral analytics adoption. Major trends in the forecast period include AI and machine learning integration, digitization of health records, rise in ransomware attacks, cloud security solutions, zero trust security models.
The healthcare cybersecurity market is expected to grow due to the rising cases of healthcare cyber-attacks. The increased digitization in healthcare has led to a higher number of cyber-attacks, prompting the use of healthcare cybersecurity software to protect against threats. According to the United States Department of Health and Human Services, healthcare providers in the United States experienced a 104% surge in data breaches from mid-2022 to mid-2023. This increase exposed the data of over 40 million patients, indicating a 60% year-over-year rise. Hence, the escalating cases of healthcare cyberattacks are driving the growth of the healthcare cybersecurity market.
The rising adoption of cloud computing is anticipated to drive the growth of the healthcare cybersecurity market. Cloud computing refers to technology that allows users to access and utilize computing resources and services via the internet. The increasing use of cloud computing in the healthcare sector is supported by advancements in healthcare cybersecurity, which ensure secure and compliant storage and processing of sensitive medical data. This, in turn, fosters trust and promotes the integration of cloud technologies within healthcare operations. For example, in December 2023, Eurostat, a Luxembourg-based intergovernmental organization, reported that approximately 45.2% of EU enterprises used cloud computing services, mainly for email hosting, file storage, and various operational functions, marking a notable increase of 4.2 percentage points from 2021. Thus, the growing adoption of cloud computing is expected to propel the healthcare cybersecurity market in the years ahead.
Major companies in the healthcare cybersecurity market are prioritizing investments in advanced security programs, including artificial intelligence, threat mitigation, and machine learning, to address the rising cyber threats targeting sensitive patient data and healthcare systems. These programs will establish a platform that enables hospitals to simulate their digital environments, helping to identify potential vulnerabilities before cybercriminals can exploit them. For example, in May 2024, the Advanced Research Projects Agency for Health, a US-based research funding agency supporting biomedical and health advancements, launched the UPGRADE program, allocating $50 million to develop cybersecurity tools for healthcare IT teams, with a focus on proactive vulnerability assessment and threat mitigation. This initiative aims to automatically detect and patch software vulnerabilities with minimal disruption to hospital operations, thereby tackling ongoing cybersecurity challenges in the healthcare sector.
Major companies are focusing on product launches, particularly Medical IoT Security, designed to protect connected devices critical to patient care. Medical IoT security involves implementing protective measures and protocols to safeguard the integrity, confidentiality, and availability of data and devices within the Internet of Things (IoT) ecosystem in the medical and healthcare domains. For instance, in December 2022, Palo Alto Networks, a US-based global cybersecurity company, launched Medical IoT Security, offering a comprehensive Zero Trust security solution for medical IoT. This product features accurate device discovery, rapid Zero Trust security implementation, and the ability to thwart highly evasive zero-day attacks, addressing healthcare cybersecurity needs and enhancing patient care and safety.
In October 2024, Accenture plc, an Ireland-based IT firm, acquired consus.health for an undisclosed amount. This acquisition is intended to bolster Accenture's Health Strategy & Consulting practice by incorporating Consus Health's extensive expertise in healthcare management, medical strategy, and patient services. This move will enhance Accenture's capability to assist healthcare providers in Germany, Austria, and Switzerland with improved digital transformation and operational efficiency. Consus.health is a Germany-based company that provides a range of services, including medical strategy, patient management, procurement and logistics, as well as infrastructure management and construction planning services.
Major companies operating in the healthcare cyber security market include Irdeto a Verizon company, Lockheed Martin Corporation, Intel Corporation, IBM Corporation, Cisco Systems Inc., Northrop Grumman Corporation, Broadcom Inc., Atos SE, Booz Allen Hamilton Inc., Palo Alto Networks Inc., McAfee LLC, Check Point Software Technologies Ltd., Trend Micro Incorporated, Kaspersky Lab, CyberArk Software Ltd., Imperva Inc., FireEye Inc., Imprivata Inc., Claroty Inc., Forescout Technologies Inc, Menlo Security Inc., Bitglass Inc., Medigate Ltd., Fortified Health Security Inc., Sensato Cybersecurity Solutions Inc., CybelAngel, Armis Inc., CrowdStrike Inc.
North America was the largest region in the healthcare cyber security market in 2024. The regions covered in the healthcare cyber security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the healthcare cyber security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The healthcare cybersecurity market includes revenues earned by entities by providing diagnostic, corrective, and preventive solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Healthcare Cyber Security Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on healthcare cyber security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for healthcare cyber security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The healthcare cyber security market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.