Global Healthcare IoT Security Market Overview
Introduction:
Healthcare IoT Security Market was valued at US$ 2.4 billion in 2024 and is projected to grow at a CAGR of 21% to reach US$ 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.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Healthcare IoT Security Market Dynamics
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.
Global Healthcare IoT Security Market Segmentation
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:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 2.4 billion |
|
Projected Market Size 2034 |
US$ 16.2 billion |
|
CAGR Growth Rate |
21.0% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By solution- 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. |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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
Global Healthcare IoT Security Market Key Players
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.
Global Healthcare IoT Security Market Company Profile
- Agile Cybersecurity Solutions, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ARM Holding PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ARM Holding PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Check Point Software Technology
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cisco System, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dell Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Deutsche Telekom AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- EUROTECH SPA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fortinet Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Healthcare IoT Security Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Healthcare IoT Security Strategies
- Key Questions this Study will Answer
- Market Snippet, By Solutions
- Market Snippet, By Services
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Healthcare IoT Security Market, By Solutions, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Network Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Endpoint Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Content Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Application Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Cloud Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Healthcare IoT Security Market, By Services, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Consulting Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Risk Assessment Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Designs & Integration Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Managed Security Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Healthcare IoT Security Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Solutions, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Solutions, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Solutions, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Solutions, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Solutions, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Agile Cybersecurity Solutions, LLC.
- Company Overview
- Solutions Portfolio
- Key Highlights
- Financial Performance
- ARM Holding PLC
- Software Groups
- Check Point Software Technology
- Cisco System, Inc.
- Dell Corporation
- Deutsche Telekom AG
- EUROTECH SPA
- Fortinet Inc.
- IBM Corporation
- Agile Cybersecurity Solutions, LLC.
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Healthcare IoT security market is segmented based on security, Services and region.
The rise in security concern and data privacy among consumers is the major driving factor for the growth of the global healthcare IoT security market.
The market in North America accounts highest revenue share to the global healthcare IoT security market due to growing concern to keep data secure to protect the information of health which becomes pivotal.
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.