Healthcare cybersecurity market is poised to witness tremendous growth over the projected timeframe of 2019 to 2025, attributing to the rising awareness regarding prevention of cyber-attacks in healthcare industry. An upsurge in population and healthcare issues have substantially proliferated the number of patient medical records stored with the healthcare institutions. Healthcare organizations are specifically vulnerable and targeted by cybercriminals because they possess substantial information of intelligence and high monetary value to cyber thieves and nation-state actors.
The targeted data, for most parts, includes financial information like credit card and bank account numbers, patients’ protected health information (PHI), personally identifying information (PII) such as Social Security numbers, and intellectual property related to medical research and innovation. The safeguarding of patient’s information is essentially the responsibility of healthcare organizations and cyberthreats. This growing awareness among organizations will thus help proliferate the healthcare cybersecurity market share.
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The total disclosed number of breached patient records have escalated from 1.1 million in Q1 2018 to 4.4 million in Q3 2018 alone, out of which 680,000 records were breached by insiders. In the face of such a grim scenario, it does not come as a surprise that medical companies are striving to join forces with online security solution providers in order to install the best security service there is. These moves have quite overtly, pushed the graph of healthcare cybersecurity market upwards.
Europe healthcare cybersecurity industry had registered a substantial valuation of USD 2.5 billion in 2018 and is expected to grow significantly over the forthcoming years. This can be attributed to rising incidences of cybercrime across healthcare organizations and increasing threats from phishing, ransomwares and malwares in the region.
Major industry players operating in healthcare cybersecurity market such as Cisco Systems, Imperva, IBM, FireEye Inc, Palo Alto Networks, Fortified Health Security, Symantec Corporation, Trend Micro Incorporated, Northrop Grumman Corporation, ClearDATA , Atos SE and McAfee are inclined on developing new products to strengthen their product portfolio and gain a competitive edge in the market. For instance, in 2017, Northrop Grumman Corporation launched a model for healthcare organizations aimed at providing additional security for genomic data.
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Partial Chapter of the Table of Content
Chapter 4. Healthcare Cybersecurity Market, By Type of Threat
4.1. Key segment trends
4.2.1. Market size, by region, 2014-2025 (USD Million)
4.3. Malware & Spyware
4.3.1. Market size, by region, 2014-2025 (USD Million)
4.4. Distributed Denial-of-Service [DDos]
4.4.1. Market size, by region, 2014-2025 (USD Million)
4.5. Phishing and Spear-phishing
4.5.1. Market size, by region, 2014-2025 (USD Million)
4.6.1. Market size, by region, 2014-2025 (USD Million)
Chapter 5. Healthcare Cybersecurity Market, By Security Measures
5.1. Key segment trends
5.2. Application security
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.3. Network security
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.4. Application security
5.4.1. Market size, by region, 2014-2025 (USD Million)
5.5.1. Market size, by region, 2014-2025 (USD Million)
Chapter 6. Healthcare Cybersecurity Market, By Deployment
6.1. Key segment trends
6.2.1. Market size, by region, 2014-2025 (USD Million)
6.3.1. Market size, by region, 2014-2025 (USD Million)
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