Global Market for Healthcare IoT Security is Anticipated to grow at a Significant Pace i.e., USD 198.3 Billion during the Forecast Period 2021-2027

Published Date: Oct, 2021

The global healthcare IoT security market is expected to witness a CAGR of 32.4% during the forecast period. The healthcare IoT security market has witnessed a steady growth owing to factors such as cloud storage. The growing global access in healthcare IoT security solutions has led to the maintenance of security and propriety in the medical industry. This is due to the growing adoption of AI with machine learning and algorithms in healthcare departments so as to track and record patient-doctor data and can be used globally as per the patients’ consent. Moreover, the adoption of insulin pumps, heartbeat monitors, nasal pumps, pacemakers, and devices such as smartphones and watches to tackle human health has propelled the growth of the healthcare IoT security market. Nevertheless, digital platforms, the development of high-speed network technologies for IoT connectivity, and technology development are anticipated to bolster the healthcare IoT security 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.

The COVID-19 pandemic has had a positive impact on the healthcare IoT security market as various applications like telemedicine, remote patient monitoring, and interactive medicine, and inpatient monitoring are expected to grow significantly during the pandemic.

Browse 73 market data Tables and 47 Figures spread through 155 Pages and in-depth TOC on " Healthcare in IoT Security Market 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 Region - Global Forecast to 2027"

By component, the service segment dominates the healthcare IoT solutions market.

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 segments contribute to the largest share in the healthcare IoT security market during the forecast period owing to the rising connectivity of healthcare IoT devices with the caregivers, rising propagation of cybercrimes in healthcare, and growing data privacy and security concerns among consumers.

Global Healthcare IoT Security Market Segmentation Analysis

Segment

Categorization

Leading Category

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)

Service (Largest)

Solutions (High CAGR)

Security

Network Security, Endpoint Security, Content Security, Application Security, Cloud Security, and Others

Cloud Security (Significant Growth)

Application

Clinical Operations & Workflow Management, Telemedicine (Remote Patient Monitoring, Store & Forward Telemedicine, and Interactive Telemedicine), Connected Imaging, Medication Management, Inpatient Management, and Others

Telemedicine (Significant Growth)

Inpatient Management (High CAGR)

Connectivity Technology

Near Field Communication (NFC), Cellular, Satellite, Wi-Fi, Bluetooth Low Energy (BLE), and ZigBee

Cellular (High CAGR)

End-User

Hospitals, Surgical Centers, and Clinics, Clinical Research Organizations, Government and Defense Institutions, and Research and Diagnostic Laboratories

Hospitals (Largest)

Region

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

North America (Largest)

Asia-Pacific (Fastest)

Discover More About This Report, Download A Free Sample Copy of Healthcare IoT Security Market

“Asia-Pacific to be the fastest-growing region during the forecast period.”

Asia-Pacific is anticipated to be the fastest-growing region in the healthcare IoT security market owing to the increasing penetration of the internet, the growing use of mobile data, and a substantial shift in digitalization of healthcare infrastructure.

Some of the major players in the global healthcare IoT security market include 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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

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

Geographies Covered in the Study

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

Companies Covered in the Study

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

Global Healthcare IoT Security Market Coverage

Component Type Insight and Forecast 2015-2027

  • 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

Security Insight and Forecast 2015-2027

  • Network Security
  • Endpoint Security
  • Content Security
  • Application Security
  • Cloud Security
  • Others

Application Insight and Forecast 2015-2027

  • Clinical Operations & Workflow Management
  • Telemedicine
    • Remote Patient Monitoring
    • Store & Forward Telemedicine
    • Interactive Telemedicine
  • Connected Imaging
  • Medication Management
  • Inpatient Management
  • Others

Connectivity Technology Insight and Forecast 2015-2027

  • Near Field Communication (NFC)
  • Cellular, Satellite
  • Wi-Fi
  • Bluetooth Low Energy (BLE)
  • ZigBee

End-User Insight and Forecast 2015-2027

  • Hospitals, Surgical Centers, and Clinics
  • Clinical Research Organizations
  • Government and Defense Institutions
  • Research and Diagnostic Laboratories

Geographical Segmentation

Healthcare IoT Security Market by Region

North America

  • By Component
  • By Security
  • By Application
  • By Connectivity Technology
  • By End-User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Security
  • By Application
  • By Connectivity Technology
  • By End-User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Security
  • By Application
  • By Connectivity Technology
  • By End-User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Security
  • By Application
  • By Connectivity Technology
  • By End-User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

Our Industry
Global Market for Healthcare IoT Security is Anticipated to grow at a Significant Pace i.e., USD 198.3 Billion during the Forecast Period 2021-2027