Healthcare Cybersecurity Market

The size healthcare cybersecurity market is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 14.2% between 2023 and 2028, from USD 18.2 billion to USD 35.3 billion.

The major factors driving the market growth include the increase in cyberattacks and concerns related to security and privacy, the growing acceptance of IoT and connected devices, and the increasing adoption of cloud-based solutions in the healthcare sector.

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The global healthcare cybersecurity market is witnessing several emerging trends driven by the increasing digitalization of healthcare systems and the proliferation of connected devices. Here are some key trends to watch:

• AI and Machine Learning
• Zero Trust Security Framework:
• Biometric Authentication:
• Blockchain Technology
• IoT and IoMT Device Security

AI and Machine Learning: These technologies are becoming integral in enhancing cybersecurity measures. AI and ML help in advanced threat detection and response, improving the ability to predict and prevent cyberattacks. However, cybercriminals are also leveraging these technologies to develop more sophisticated attacks, necessitating a balanced approach that combines technological innovation with human oversight

Zero Trust Security Framework: The adoption of Zero Trust models is on the rise. This security approach ensures that no entity inside or outside the network is trusted by default, requiring continuous verification of each access request. This helps in minimizing the risk of internal and external breaches, making it an effective strategy for safeguarding sensitive patient data.

Blockchain Technology: Blockchain is gaining traction for its potential to enhance data integrity and privacy. Its decentralized and immutable ledger system is particularly useful for securing patient records and reducing the risk of data breaches and fraud. Though still in early stages, its application in healthcare cybersecurity is expected to grow significantly.

Biometric Authentication: This technology is increasingly being used to replace traditional passwords with more secure methods like fingerprint and facial recognition. Biometric authentication offers robust protection against unauthorized access to sensitive healthcare data and is anticipated to expand further in healthcare settings

IoT and IoMT Device Security: The integration of Internet of Things (IoT) and Internet of Medical Things (IoMT) devices in healthcare has introduced significant security challenges. Many of these devices operate on outdated systems and are highly vulnerable to attacks. Ensuring the security of these devices is crucial, given their critical role in healthcare operations and patient safety

Related Reports:

Healthcare Cybersecurity Market by Offering (Solutions and Services), Solution Type, Threat Type, Security Type, End Use Industry (Hospitals and Healthcare Facilities, Medical Device Manufacturers) and Region - Global Forecast to 2028