Status : Published Published On : Dec, 2023 Report Code : VRHC1240 Industry : Healthcare Available Format : Page : 250
2025
2030

Global Healthcare IoT Security Market – Analysis and Forecast (2025-2030)

Industry Insight by Component (Solutions (Analytics, Encryption, Data Loss Protection, Identity and Access Management, Unified Threat Management, and Others) and Services(Consulting Services, Risk Assessment Services, Design & Integration Services, Managed Security Services, and Others)), by Security (Network Security, Endpoint Security, Content Security, Application Security, Cloud Security, and Others), by Application (Clinical Operations & Workflow Management, Telemedicine (Remote Patient Monitoring, Store & Forward Telemedicine, and Interactive Telemedicine), Connected Imaging, Medication Management, Inpatient Management, and Others), by Connectivity Technology (Near Field Communication (NFC), Cellular, Satellite, Wi-Fi, Bluetooth Low Energy (BLE), and ZigBee), by End-User (Hospitals, Surgical Centers, and Clinics, Clinical Research Organizations, Government and Defense Institutions, and Research and Diagnostic Laboratories), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The Healthcare IoT Security Market was valued at 71.8 billion in 2023 and is anticipated to reach USD 198.3 billion in 2030, registering a CAGR of 32.4% during the forecast period 2025-2030. The healthcare IoT security market provides end-to-end data security on a cloud-based platform. Many pharmaceutical industries and medical centers have collaborated with healthcare IoT security companies to provide customers’ data. Modernization and technological advancement have propelled hospitals to use digital platforms to track and monitor patients’ health. The healthcare IoT (Internet of Things) security market refers to the industry focused on providing security solutions for Internet-connected medical devices and healthcare systems. With the increasing adoption of IoT devices in healthcare, such as wearable devices, remote monitoring systems, and connected medical equipment, ensuring the security and privacy of patient data and critical healthcare infrastructure has become a significant concern.The healthcare IoT security market has experienced significant growth in recent years due to the increasing adoption of IoT devices in healthcare, the growing concern over cybersecurity in the healthcare industry, and the need to protect patient data and ensure the integrity of critical healthcare infrastructure. The market consists of various cybersecurity companies, technology providers, and consulting firms specializing in healthcare IoT security solutions and services.

Healthcare IoT Security Market Highlights

The COVID-19 outbreak has shown a positive impact on the healthcare IoT security market as during emergencies, there was a need to isolate patients according to symptoms and treat them accordingly. So, sharing of patients’ data was risky and can hinder patient credibility, resulting in the need for highly secure systems.

Market Segmentation

Insight by Component

Based on component, the global healthcare IoT security market is divided into solutions and services. The solutions segment is divided into analytics, encryption, data loss protection, identity and access management, unified threat management, and others. The service segment includes consulting services, risk assessment services, design & integration services, managed security services, and others. The service segment dominates the market in 2020 owing to rising concerns for data privacy and security among consumers. Moreover, the solutions segment is anticipated to have a high CAGR during the projected period due to the rising need for robust security solutions to avoid the loss of crucial patient and healthcare data and prevent misuse of sensitive information.

Insight by Security

Based on security, the global healthcare IoT security market is divided into network security, endpoint security, content security, application security, cloud security, and others. Cloud security is anticipated to have substantial growth owing to the usage of cloud-based infrastructure in the healthcare sector to enhance performance, operational flexibility, efficiency and reduce infrastructural cost.

Insight by Application

Based on application, the global healthcare IoT security market is divided into clinical operations & workflow management, telemedicine (remote patient monitoring, store & forward telemedicine, and interactive telemedicine), connected imaging, medication management, inpatient management, and others. Telemedicine is growing at a significant pace owing to the adoption of IoT technology in managing patient data and tracking information about patients. Moreover, inpatient management is anticipated to grow at a high CAGR as provides continuous measurement of a patient’s physiological functions for guiding management decisions and making therapeutic interventions.

Insight by Connectivity Technology

Based on the connectivity technology, the market is segmented into Near Field Communication (NFC), Cellular, Satellite, Wi-Fi, Bluetooth Low Energy (BLE), and ZigBee. Among the technology, cellular technology is anticipated to have a high CAGR during the forecast period owing to its portability, usability, and versatility for connected medical devices and offers remote patient monitoring.

Insight By End-User

Based on end-user, the global healthcare IoT security market is categorized into hospitals, surgical centers, and clinics, clinical research organizations, government and defense institutions, and research and diagnostic laboratories. The hospital segment is anticipated to generate the largest revenue during the forecast period owing to the fast deployment of IoT devices for inpatient and outpatient monitoring, asset tracking to update inventory management for medical workers, and automation of HVAC systems to reduce the spread of infections.

Global Healthcare IoT Security Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  71.8 Billion

Revenue Forecast in 2030

U.S.D.  198.3 Billion

Growth Rate

32.4%

Segments Covered in the Report

By Component, By Security, By Application, By Connectivity Technology and By End-User

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, South America and Rest of the World

Industry Dynamics

Industry Trends

The healthcare IoT security market is growing rapidly owing to the digitalization of healthcare and has become crucial for hospitals and the healthcare ecosystem to adopt IoT. The dependency on connected devices, rising improvements in connections, growing prominence of smart wearable devices equipped with IoT sensors are the trends in the healthcare IoT security market.

Device Authentication and Access Control: Implementing strong authentication mechanisms and access control policies to ensure that only authorized devices and users can access and communicate with healthcare IoT devices and systems.

Data Encryption: Protecting the confidentiality and integrity of sensitive patient data transmitted between IoT devices and healthcare networks through encryption technologies.

Network Segmentation: Dividing the healthcare network into separate segments to isolate IoT devices and prevent unauthorized access to critical healthcare infrastructure.

Intrusion Detection and Prevention: Deploying advanced monitoring systems that can detect and prevent unauthorized activities or attacks on healthcare IoT devices and networks.

Vulnerability Management: Regularly scanning IoT devices and systems for vulnerabilities, patching security flaws, and keeping them up to date with the latest security updates.

Growth Drivers

The drivers for the growth of the healthcare IoT security market include growing implementation of cloud computing in healthcare facilities, rising demand for real-time data processing of patient records, growing vulnerabilities in connected devices, awareness among consumers in online booking of doctors' appointments using hospital services, increasing susceptibility of IoT devices to new security attacks and data breaches, rising government concerns about healthcare IoT security, adoption of smart devices for hospital management, has led to the growth of IoT security in healthcare.

Security Analytics and Threat Intelligence: Utilizing advanced analytics and threat intelligence tools to identify potential security threats, detect anomalies, and respond to incidents promptly.

Compliance and Regulatory Support: Assisting healthcare organizations in complying with industry-specific regulations and privacy standards, such as the Health Insurance Portability and Accountability Act (HIPAA) in the United States.

Challenges

The lack of technological awareness regarding IoT threats in healthcare, inter-region regulations for data privacy, lack of consistency in interconnectivity, interoperability, and security issue are the challenges in the healthcare IoT security market. Moreover, easy passwords, poor authentication, loss of data while transferring owing to a poor network may hamper the growth of the healthcare IoT security market.

Opportunities

There is an opportunity in the emerging economies to have an infrastructure for electric vehicles such as charging stations. Moreover, the government is providing subsidiaries to create opportunities for electric vehicle production and other development activities.  All these advancements in the field of the automotive industry will bring numerous new opportunities for the wire harness market.

Geographic Overview

North America dominates the market in healthcare IoT security by adopting healthcare services to IoT security and privacy, increased penetration of smart devices and IoT enabled devices, the rising popularity of wearable devices, and the presence of industry players in the region. Moreover, the rising healthcare expenditure, increasing geriatric population, rising propagation of cybercrimes in healthcare propel the growth of the healthcare IoT security market in the region.

Competitive Insight

The industry players are striving to get traction in the competitive market by adopting strategies such as product penetration, product differentiation, mergers & acquisitions, collaborations, and partnerships to sustain in the market.

Medtronic partnered with IBM Watson to introduce a new feature IQcast, in its existing product Sugar.IQ, available for iOS mobile devices in the US. The app would offer patients a hypoglycemic event to monitor their low glucose level by predicting the occurrence anywhere between 1 to 4 hours in advance.

Some of the key players operating in the healthcare IoT security market: Cisco Systems, Inc., Inside Secure SA, Dell Inc., Intel Corporation, Deutsche Telekom AG, IBM, Oracle, Fortinet, Inc., Agile Cybersecurity Solutions, LLC, and Check Point Software Technologies Ltd.

The Healthcare IoT Security Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Component Type
    • Solutions
      • Analytics
      • Encryption
      • Data Loss Protection
      • Identity and Access Management
      • Unified Threat Management
      • Others
    • Services
      • Consulting Services
      • Risk Assessment Services
      • Design & Integration Services
      • Managed Security Services
      • Others
  • By Security 
    • Network Security
    • Endpoint Security
    • Content Security
    • Application Security
    • Cloud Security
    • Others
  • By Application
    • Clinical Operations & Workflow Management
    • Telemedicine
      • Remote Patient Monitoring
      • Store & Forward Telemedicine
      • Interactive Telemedicine
    • Connected Imaging
    • Medication Management
    • Inpatient Management
    • Others
  • By Connectivity Technology
    • Near Field Communication (NFC)
    • Cellular, Satellite
    • Wi-Fi
    • Bluetooth Low Energy (BLE)
    • ZigBee
  • By End-User
    • Hospitals, Surgical Centers, and Clinics
    • Clinical Research Organizations
    • Government and Defense Institutions
    • Research and Diagnostic Laboratories

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

 

Healthcare IoT Security Market Size

Source: VynZ Research

Employment Screening Service Market Analysis

Source: VynZ Research

Frequently Asked Questions

North America dominates the market in healthcare IoT security.
The healthcare IoT security market was valued at 71.8 billion in 2023 and is anticipated to reach USD 198.3 billion in 2030, registering a CAGR of 32.4% during the forecast period 2025-2030.
The drivers for the growth of the healthcare IoT security market include rising adoption of cloud computing in healthcare facilities, increasing need for real-time data processing of patient records are the growth drivers in healthcare IoT Security market
Component, Application, Connectivity technology,, security, end-user and region are the covered in Healthcare Internet of Things (IoT) Security Market.
Some of the key players operating in the healthcare IoT security market: Cisco Systems, Inc., Inside Secure SA, Dell Inc., Intel Corporation, Deutsche Telekom AG, IBM, Oracle, Fortinet, Inc., Agile Cybersecurity Solutions, LLC, and Check Point Software Technologies Ltd.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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