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Global Medical Device Security Market (2018-2023) to Grow at a CAGR of 8.3% - Due to the Increasing Instances of Healthcare Cyberattacks & Threats - ResearchAndMarkets.com

October 11, 2018

DUBLIN--(BUSINESS WIRE)--Oct 11, 2018--The “Global Medical Device Security Market - Segmented by Component, Security Type, Device Type, End-User, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The Global Medical Device Security Market is expected to register a CAGR of nearly 8.3% during 2018-2023.

There is an increase in cyber attacks on the healthcare facilities systems and their medical devices and theft of personal data that are critical to hospitals and patient privacy. This has led to the implementation of strict government guidelines by FDA and National Institute for Standards and Technology (NIST).Medical devices in hospital room in an intensive care units are integrated to a cloud bases infrastructure for online sharing of encrypted healthcare data. Thus arising the need for providing security for medical devices, which is further contributing to the growth of medical device security market.Other factors which are driving the medical device security market growth are increasing demand for connected medical devices and government regulations along with need for compliance.

Security threats in healthcare are increasing continuously, this pose a risk to patient safety. Security budgets in healthcare lag behind other industries. Digital devices in hospitals are not upgraded and usually run on old operating systems which are less secure. Hospitals fail to allot budgets for upgrading the devices as it is costly and if upgraded that will trigger FDA certification. Therefore, limited healthcare security budgets is acting as a major factor responsible to hinder the growth of medical device security market.

In United States there is a rise in adoption of wired and wireless networked medical devices because they have important role in individuals health outcomes. Government initiatives to lessen the data breaches by increasing the security of medical devices is a major factor responsible to contribute for the growth of medical device security market in US.

Major Market Developments

IBM unveiled a new data science and machine learning platform and an elite consulting team to help them accelerate their AI journeys.Companies ProfiledCA TechnologiesCheck Point Software TechnologiesCisco SystemsDXC TechnologyFireeyeGE HealthcareIBMKoninklijke Philips N.V.McAfeeSymantec Corporation

Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Market Dynamics

7. Market Segmentation

8. Company Profiles & Competitive Landscape

9. The Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/bzj7z9/global_medical?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005380/en/

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Related Topics:IT Security,Medical Devices

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/11/2018 07:19 AM/DISC: 10/11/2018 07:19 AM

http://www.businesswire.com/news/home/20181011005380/en

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