Global Medical Device Security Market: Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023

Published by Infoholic Research on 28th July 2017 | Ref: 842432 | This Report Is In Stock

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Medical device companies and healthcare providers are facing threats in mobile and web applications, and various network nodes. The healthcare industry, medical device providers, and individuals/patients are adopting a wide range of connected devices such as wearables, backend system, integration devices, and automated equipment. These devices also vulnerable to attacks by hackers as these devices store and transfer health information on a regular basis. Furthermore, the healthcare organizations are moving toward connected hospitals infrastructure to provide best-quality and on time services. The medical device security value chain players need to ensure high-end security in each layer of connected hospital infrastructure to increase patient experience and business footprints.

Market Analysis:

The increasing adoption rate of connected devices by consumers, use of mobile health applications/devices (home care), government regulations, lack of security testing on medical devices, and increasing initiatives toward connected hospital are expected to drive the market. In addition, lack of knowledge and access control, pressure to meet production activities, and standardization of technology are few challenges hampering the medical device security market growth. According to Infoholic Research, Global Medical Device Security Market revenue is expected to reach .9 billion, growing at a CAGR of 35.59% over the forecast period 2017-2023. The market is analyzed by services, solutions, security type, end-users, regions, and device type.

Market Segmentation Analysis:

The security type segment includes cloud security, wireless security, application security, and network security. Currently, the cloud security segment is expected to play a vital role as both small and large healthcare organizations consider cloud security to be one of their key priorities in their businesses. The growing adoption of smart medical devices, mobile health applications, and investment in mobile platform have led the demand for mobile applications in the market. The service segment will hold the major market share by 2023 followed by solutions due to huge demand for various services from the healthcare and medical devices manufacturers. High-end services are required to manage the connected medical devices as multiple devices count rate is expected to increase in the near future.

Region Analysis:

The regions covered in the report are North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The governments had been implementing new rules and regulations to protect the patient lives and sensitive data breaches from the hackers. The US, Germany, Canada, France, China, and Japan are expected to outperform in terms of growth. Asia Pacific is set to be fastest growing region due to increasing investment activities, FDI, and private & public partnerships.

Benefits and Vendors

The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy, and views and competitive landscape. The major companies included in the report are IBM, Microsoft, Cisco, GE Healthcare, and Philips.

The study offers a comprehensive analysis of the “Medical Device Security Market”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

Table of Contents

Table of Contents

1 Industry Outlook 10

1.1 Industry Overview 10

1.2 Key Industry Trends 10

1.3 PEST Analysis 11

2 Report Outline 12

2.1 Report Scope 12

2.2 Report Summary 12

2.3 Research Methodology 13

2.4 Report Assumptions 13

3 Market Snapshot 14

3.1 Total Addressable Market (TAM) 14

3.2 Segmented Addressable Market (SAM) 14

4 Market Outlook 15

4.1 Overview 15

4.2 Market Definitions 15

4.3 Market Trends 15

4.4 Porter 5 (Five) Forces 16

4.5 Market Segmentation 16

5 Market Characteristics 18

5.1 Evolution 18

5.2 Timeline_ Medical Devices Security 18

5.3 Market Dynamics 19

6 Security Type: Market Size & Analysis 22

6.1 Overview 22

6.2 Wireless Security 23

6.3 Network Security 25

6.4 Application Security 26

6.5 Cloud Security 27

7 Services: Market Size & Analysis 29

7.1 Overview 29

7.2 Consulting 30

7.3 Design and Integrations 30

7.4 Remote Services 30

7.5 Managed Security Services 31

7.6 Training and Support Services 31

8 Solutions: Market Size & Analysis 32

8.1 Overview 32

8.2 Identity & Access Management (IAM) 33

8.3 IDS/IPS 33

8.4 Disaster Recovery 33

8.5 DDoS 33

8.6 Risk & Vulnerability 34

8.7 Data Encryption 34

8.8 Antivirus/Antimalware 34

8.9 DLP 34

9 End Users: Market Size & Analysis 35

9.1 Overview 35

9.2 Payers 36

9.3 Providers 36

9.4 Medical Device Makers 37

10 Devices Type: Market Size & Analysis 37

10.1 Overview 37

10.2 Hospital Medical Devices 38

10.3 Wearable and External Medical Devices 39

10.4 Internally Embedded Medical Devices 39

11 Regions: Market Size & Analysis 40

11.1 Overview 40

11.2 North America 41

11.3 Europe 44

11.4 Asia Pacific 48

11.5 Middle East & Africa 51

11.6 Latin America 54

12 Vendor Profiles 56

12.1 Cisco Systems, Inc. 56

12.2 IBM Corp. 61

12.3 Symantec Corp. 64

12.4 McAfee LLC 69

12.5 Oracle Corp 73

12.6 GE Healthcare 77

12.7 Philips 81

13 Competitive Benchmarking 86

Annexure 87

Ø Abbreviations 87

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Infoholic Research

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842432 |

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