Healthcare IoT Security Market By Solutions (Network Security, Endpoint Security, Content Security, Application Security, and Cloud Security), By Services (Consulting Services, Risk Assessment Services, Designs & Integration Services, Managed Security Services, and Others), and By Region - Trends, Analysis and Forecast till 2034

Healthcare IoT Security Market was valued at USD 2.4 Billion in 2024 and is projected to grow at a CAGR of 21% to reach USD 16.2 Billion by 2034.

In the healthcare sector, the internet of things gives many benefits including the close monitoring of the patients and it also provides the data for the analysis purpose. It automatically collects the data and makes available to analysis for the early intervention of the treatment process.

Rising initiatives by government bodies

The rise in security concern and data privacy among consumers is the major driving factor for the growth of the healthcare IoT security market. Additionally, increasing government concern about information security over the healthcare IoT security is another propelling factor for the growth of the target market. Moreover, increasing usage of the devices for the management and to monitor the various diseases like cardiovascular, and other diseases which are the boosting factor for the growth of the target market. As per the data of WHO (World’s Health Organization), globally in 2016, cardiovascular diseases (CVD) are the main cause of death, around 17.9 million people died due to CVDs, which represented 31% of all deaths, globally. Furthermore, a rise in the proliferation of the cybercrimes in the healthcare sector is fueling factor for the growth of the target market.

However, the lack of technological awareness about IoT among the organization of healthcare is the restraining factor for the growth of the global market. Also, lack of the standard IoT regulation due to inter-region meeting regulation for data privacy which is another hampering factor for the growth of the target market. Nevertheless, for the sensitive data, the more cloud storage should be created which can create an opportunity for the growth of the healthcare IoT security market.

The healthcare IoT security market is segmented based on solutions, services, and region.

Based on solutions, the global healthcare IoT security market is segmented into network security, endpoint security, content security, application security, and cloud security. The network security is the major revenue generator segment because nowadays the ageing population needs to wear networked devices such as a pacemaker, insulin pump, and others. Based on the services, the target market is segmented into consulting services, risk assessment services, designs & integration services, managed security services, and others.

Regional Insights:

The Healthcare IoT security market accounted for US$ 24.57 billion in 2020 and is estimated to be US$ 512.14 billion by 2030 and is anticipated to register a CAGR of 35.8%. Based on the region the healthcare IoT security market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the healthcare IoT security market due to growing concern to keep data secure to protect the information of health which becomes pivotal. According to the study in 2017, by the National Center for Biotechnology Information, 53% of doctors and physician in Europe are concern about privacy issues related to healthcare and security

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Healthcare IoT Security Market report based on solutions, services, and region.

Healthcare IoT Security Market, By Solution:

• Network Security
• Endpoint Security
• Content Security
• Application Security
• Cloud Security

Healthcare IoT Security Market, By Services:

• Consulting Services
• Risk Assessment Services
• Designs & Integration Services
• Managed Security Services
• Others

Healthcare IoT Security Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the healthcare IoT security market involves Agile Cybersecurity Solutions, LLC., ARM Holding PLC, Software Groups, Check Point Software Technology, Cisco System, Inc., Dell Corporation, Deutsche Telekom AG, EUROTECH SPA, Fortinet Inc., and IBM Corporation. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the devices to gain a competitive edge in the target market. For instance, in 2017, Deutsche Telekom AG established network security businesses.

• Agile Cybersecurity Solutions, LLC
• ARM Holding PLC
• Check Point Software Technology
• Cisco System, Inc.
• Dell Corporation
• Deutsche Telekom AG
• EUROTECH SPA
• Fortinet Inc.
• IBM Corporation