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Exclusive Report on Medical Device Security Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

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The “Medical Device Security Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Medical Device Security market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Medical Device Security market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The medical device security market is expected to register a CAGR of 8.3% during the forecast period.
  • There has been an increase in cyber-attacks on the healthcare facilities systems and their medical devices and there have been instances of theft of personal data that are critical to hospitals and patient privacy. This has led to the implementation of strict government guidelines by the FDA and National Institute for Standards and Technology (NIST). In case of medical devices (MRI scanners, surgery robots, X-ray machines, and dental devices) endpoints are internet-enabled with IP network. These endpoints are prone to security threat by hackers. Thus, endpoint security has become increasingly important for data protection and protection of systems from unauthorized manipulation and preventing the use of malicious software.
  • There has been a growing trend of adoption of connected and wearable medical devices. Medical devices with configurable embedded computer systems are more vulnerable to cyber security threats. With a rise in the use of medical devices across healthcare organizations, device manufacturers and hospitals have become more vigilant in improving their network security. Medical devices in the hospital rooms in intensive care units are integrated to a cloud base infrastructure for online sharing of encrypted healthcare data. Thus arises the need for providing security for medical devices, which is further contributing to the growth of the medical device security market.
  • Other factors which are driving the medical device security market are the increasing demand for connected medical devices and government regulations along with the need for compliance.

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    In Medical Device Security Market Report, Following Companies Are Covered:

  • CA Technologies
  • Check Point Software Technologies
  • Cisco Systems
  • DXC Technology
  • FireEye
  • IBM
  • Imperva
  • Mcafee
  • Palo Alto Networks
  • Symantec Corporation

    Medical Device Security Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • Medical devices vulnerable to security threats are protected with the use of industry standard guidelines. Medical device manufacturers mitigate risks with the use of software solutions, services, and encrypt data for secure data transfer and evading data loss.

    Reasons for Buying Medical Device Security Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Wearable and External Medical Devices Segment is Expected to Grow at Fastest Rate.

    The increasing adoption of wearable medical devices is driven by technological advancements and innovations along with improving the care availability and lifestyle of patients. Currently, these wearable medical devices are gaining immense popularity, due to improved technologies and their compatibility with regularly used devices, such as smartphones. Increased usage of medical devices connected to mobile networks or through IoT in the healthcare sector can significantly increase the risk of security issues, which in turn is forcing more and more medical technology companies to implement security solutions for external and wearable medical devices.

    The United States Leads the Medical Device Security Market

    In the United States, there is a rise in the adoption of wired and wireless networked medical devices because they are playing an important role in improved individual health outcomes. These devices collect, store, and process vast amounts of clinical data and are prone to security risk. In 2018, the FDA released a safety action plan outlining proposals for the improvement of cybersecurity in medical devices. These government initiatives to lessen the data breaches by increasing the security of medical devices are the most significant factor responsible for the growth of the medical device security market in the United States.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Medical Device Security create from those of established entities?

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    Detailed TOC of Medical Device Security Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Demand for Connected Medical Devices
    4.2.2 Government Regulations and Need for Compliance
    4.2.3 Increasing Instances of Healthcare Cyber-attacks and Threats
    4.3 Market Restraints
    4.3.1 Limited Healthcare Security Budgets
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Antivirus/Antimalware Solutions
    5.1.2 Data Loss Prevention Solutions
    5.1.3 Disaster Recovery Solutions
    5.1.4 Distributed Denial of Service Solutions
    5.1.5 Encryption Solutions
    5.1.6 Identity and Access Management Solutions
    5.1.7 Intrusion Detection Systems/Intrusion Prevention Systems
    5.1.8 Risk and Compliance Management
    5.1.9 Other Services and Solutions
    5.2 By Device Type
    5.2.1 Hospital Medical Devices
    5.2.2 Internally Embedded Medical Devices
    5.2.3 Wearable and External Medical Devices
    5.3 By End User
    5.3.1 Healthcare Payers
    5.3.2 Healthcare Providers
    5.3.3 Medical Device Manufacturers
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 CA Technologies
    6.1.2 Check Point Software Technologies
    6.1.3 Cisco Systems
    6.1.4 DXC Technology
    6.1.5 FireEye
    6.1.6 IBM
    6.1.7 Imperva
    6.1.8 Mcafee
    6.1.9 Palo Alto Networks
    6.1.10 Symantec Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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