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Global medical device security market to reach $28.9 billion by 2023

Press releases may be edited for formatting or style | September 18, 2017 Medical Devices
DUBLIN, September 15, 2017 /PRNewswire/ -- The "Global Medical Device Security Market: Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023" report has been added to Research and Markets' offering.

Global Medical Device Security Market revenue is expected to reach $28.9 billion, growing at a CAGR of 35.59% over the forecast period 2017-2023. The market is analyzed by services, solutions, security type, end-users, regions, and device type.

Medical device companies and healthcare providers are facing threats in mobile and web applications, and various network nodes. The healthcare industry, medical device providers, and individuals/patients are adopting a wide range of connected devices such as wearables, backend system, integration devices, and automated equipment. These devices also vulnerable to attacks by hackers as these devices store and transfer health information on a regular basis.
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Furthermore, the healthcare organizations are moving toward connected hospitals infrastructure to provide best-quality and on time services. The medical device security value chain players need to ensure high-end security in each layer of connected hospital infrastructure to increase patient experience and business footprints.

The increasing adoption rate of connected devices by consumers, use of mobile health applications/devices (home care), government regulations, lack of security testing on medical devices, and increasing initiatives toward connected hospital are expected to drive the market. In addition, lack of knowledge and access control, pressure to meet production activities, and standardization of technology are few challenges hampering the medical device security market growth.

The major companies included in the report are IBM, Microsoft, Cisco, GE Healthcare, and Philips

Key Topics Covered:

1 Industry Outlook

2 Report Outline

3 Market Snapshot

4 Market Outlook

5 Market Characteristics

6 Security Type: Market Size & Analysis

7 Services: Market Size & Analysis

8 Solutions: Market Size & Analysis

9 End Users: Market Size & Analysis

10 Devices Type: Market Size & Analysis

11 Regions: Market Size & Analysis

12 Vendor Profiles

13 Competitive Benchmarking

Companies Mentioned

Cisco Systems, Inc.
GE Healthcare
IBM Corp.
McAfee LLC
Oracle Corp
Philips
Symantec Corp.

SOURCE Research and Markets

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