Medical Device Security Market –By Security Type(Applications, Cloud, Wireless and Network), Types (Services and Solutions, Device Type (Hospital Medical Devices, Embedded Medical Devices, Wearable Devices and External Medical Devices), Regions (North America, Europe, Latin America, MEA and Asia Pacific): Global Drivers, Opportunities, Restraints, Trends, and Forecast to 2023

  • October, 2017
  • Domain: ICT - Security
Pages: 88
Tables: 30
Charts: 27
Regions/Countries: 5/14
Companies: 7
Enquiry Hours: 10
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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 $28.9 billion, growing at a CAGR of 35.59% over the forecasts up to 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.

1     Industry Outlook  

1.1        Industry Overview

1.2        Key Industry Trends

1.3        PEST Analysis

2     Report Outline  

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot 

3.1        Total Addressable Market (TAM)

3.2        Segmented Addressable Market (SAM)

4     Market Outlook  

4.1        Overview

4.2        Market Definitions

4.3        Market Trends

4.4        Porter 5 (Five) Forces

4.5        Market Segmentation

5     Market Characteristics 

5.1        Evolution

5.2        Timeline_ Medical Devices Security

5.3        Market Dynamics

5.3.1     Drivers    Aging Population at Peak    Growing Awareness─ Cyber Security and Health concerns    Demand for Self-Medication and Homecare Medical Devices

5.3.2     Restraints    Least Cyber Security Testing on Medical Devices    Vendors Lock In    Intensify Government Regulatory

5.3.3     Opportunities    Growing Machine to Machine and Machine to People Automation    Connected Hospital Infrastructure

5.3.4     DRO – Impact Analysis

6     Security Type: Market Size & Analysis 

6.1        Overview

6.1.1     Market Size and Analysis

6.2        Wireless Security

6.3        Network Security

6.4        Application Security

6.5        Cloud Security

7     Services: Market Size & Analysis 

7.1        Overview

7.1.1     Market Size and Analysis

7.2        Consulting

7.3        Design and Integrations

7.4        Remote Services

7.5        Managed Security Services

7.6        Training and Support Services

8     Solutions: Market Size & Analysis 

8.1        Overview

8.1.1     Market Size and Analysis

8.2        Identity & Access Management (IAM)

8.3        IDS/IPS

8.4        Disaster Recovery

8.5        DDoS

8.6        Risk & Vulnerability

8.7        Data Encryption

8.8        Antivirus/Antimalware

8.9        DLP

9     End Users: Market Size & Analysis 

9.1        Overview

9.2        Payers

9.3        Providers

9.4        Medical Device Makers

10   Devices Type: Market Size & Analysis 

10.1     Overview

10.1.1  Market Size and Analysis

10.2     Hospital Medical Devices

10.3     Wearable and External Medical Devices

10.4     Internally Embedded Medical Devices

11   Regions: Market Size & Analysis 

11.1     Overview

11.1.1  Market Size and Analysis

11.2     North America

11.2.1  Overview

11.2.2  Market Size and Analysis

11.2.3  Key Facts

11.2.4  Drivers, Challenges, Key Opportunities

11.2.5  Country Analysis US Canada

11.3     Europe

11.3.1  Overview

11.3.2  Market Size and Analysis

11.3.3  WE Key Facts

11.3.4  WE Drivers, Challenges, Key Opportunities

11.3.5  CEE Drivers, Challenges, Key Opportunities

11.3.6  Country Analysis UK Germany France Spain Poland

11.4     Asia Pacific

11.4.1  Overview

11.4.2  Market Size and Analysis

11.4.3  Key Facts

11.4.4  Drivers, Challenges, Key Opportunities

11.4.5  Country Analysis India China Japan Australia Singapore

11.5     Middle East & Africa

11.5.1  Overview

11.5.2  Market Size and Analysis

11.5.3  Key Facts

11.5.4  Drivers, Challenges, Key Opportunities

11.5.5  Country Analysis GCC Countries Africa

11.6     Latin America

11.6.1  Overview

11.6.2  Market Size and Analysis

11.6.3  Key Facts

11.6.4  Drivers, Challenges, Key Opportunities

11.6.5  Country Analysis Brazil Mexico

12   Vendor Profiles 

12.1     Cisco Systems, Inc.

12.1.1  Overview

12.1.2  Business Units

12.1.3  Geographic Revenue

12.1.4  Business Focus

12.1.5  SWOT Analysis

12.1.6  Business Strategy

12.2     IBM Corp.

12.2.1  Overview

12.2.2  Business Units

12.2.3  Geographic Revenue

12.2.4  Business Focus

12.2.5  SWOT Analysis

12.2.6  Business Strategy

12.3     Symantec Corp.

12.3.1  Overview

12.3.2  Business Units

12.3.3  Geographic Revenue

12.3.4  Business Focus

12.3.5  SWOT Analysis

12.3.6  Business Strategy

12.4     McAfee LLC

12.4.1  Overview

12.4.2  Business Units

12.4.3  Geographic Presence

12.4.4  Business Focus

12.4.5  SWOT Analysis

12.4.6  Business Strategy

12.5     Oracle Corp

12.5.1  Overview

12.5.2  Business Units

12.5.3  Geographic Revenue

12.5.4  Business Focus

12.5.5  SWOT Analysis

12.5.6  Business Strategy

12.6     GE Healthcare

12.6.1  Overview

12.6.2  Business Unit

12.6.3  Geographic Revenue

12.6.4  Business Focus

12.6.5  SWOT Analysis

12.6.6  Business Strategy

12.7     Philips

12.7.1  Overview

12.7.2  Business Unit

12.7.3  Geographic Revenue

12.7.4  Business Focus

12.7.5  SWOT Analysis

12.7.6  Business Strategy

13   Competitive Benchmarking  




Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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