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Medical Device Security Market 2019 | Rising Status of Key Players, Industry Size & Share, Growth Factors, New Technologies Revenue Forecast by 2024

Medical

The “Medical Device Security Market” report 2019 covers all the significant developments which are recently being adopted across the global market. The prime objective of Medical Device Security market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. The Medical Device Security market report covers both the demand and supply aspect of the market. The report also highlighted the future trends in the Medical Device Security market that will impact the demand during the forecast period.

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.

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    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.

    Some of the Top Key Players of Medical Device Security Market Report Are:

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

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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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 Report Covers:

    • Comprehensive research methodology of Medical Device Security market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Medical Device Security market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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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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