Get more information on Health IT Security Market - Request Sample Report
The Health IT Security Market Size was valued at USD 14.27 billion in 2023 and is expected to reach USD 52.63 billion by 2032 and grow at a CAGR of 15.6% over the forecast period 2024-2032.
In the following years, the market for health IT security is anticipated to expand. Different companies need the health IT security industry to combat the cyberattacks that hospitals and other healthcare facilities are subjected to. The complex setup and various technologies utilised by healthcare institutions may give access to these cybercriminals, who could use the system in an adverse manner.
The necessity for an effective course of action across the healthcare sector's information technology systems has been highlighted by an increase in the misuse of highly guarded data in the healthcare industry.
DRIVERS
Multiple Breach of Healthcare Data
High Standards of Regulation
Mobile Device Use Growing as Bring Your Own Device (BYOD) Policy Is More Widely Adopted
Capital Invested by Venture Capital Firms
Security Solutions Are Needed Because of Connected Medical Devices
RESTRAINTS
Cybersecurity experts are in short supply.
Discretionary IT Security Spending
OPPORTUNITIES
The Development of Future IT Security Solutions
New Growth Paths Provided by Cloud Security
CHALLENGES
Cyberattacks with Frequently Varying Nature
The global COVID-19 epidemic and the ensuing lockout have caused the healthcare market to continue to decline. Aside from affecting communities, COVID-19 had devastating effects on the major world economies, particularly the healthcare industry. Important parties are continuing to modify their tactics in response to the fast-shifting circumstances. The healthcare sector is expected to see severe long-term effects from COVID-19. Prioritized healthcare reforms would need to be implemented by nations and significant stakeholders until the situation is resolved.
The near future will see significant advancements in technology, cost control, and expanded accessibility in healthcare reforms. In the ongoing outbreak, telemedicine and digital health have assumed a prominent role. The significance of remote diagnosis, care, and consultation was reemphasized in COVID-19. Growth in Telehealth has been delayed over the last few years by legislative and behavioural constraints. However, because so many healthcare organisations are presently experimenting with video conferencing and phone conversations, the growth of this market will multiply many times over the next two years. Patients with mild symptoms were also required to consult online as part of the social distancing strategies. Additionally, it significantly lessens the strain on hospitals, who were already overburdened by COVID-19 patient counts.
Medical IoT devices that reside in the patient's house are now utilised to maximize outpatient care and reduce follow-up visits; these devices can also be employed in an emergency. During the pandemic, there were serious resource shortages. Future market growth is anticipated to be accelerated by the creation of value-based pricing models and competitive pricing strategies. Given these elements, COVID 19 is anticipated to have a substantial effect on the market for health IT security.
By Products and Services
The IT healthcare products market is divided into categories such as firewall and integrated threat management solutions (UTM), intrusion / prevention systems (IPS), distributed service denials (DDoS), proprietary solutions and access, encryption and loss of data. security solutions (DLP), risk management and compliance solutions, etc. (security and risk management, disaster recovery, security information and event management (SIEM), as well as consultation services, managed security services, and other services including market services (implementation, ongoing IT support, training, retention, and promotion services)
By Application
The network security, application security, endpoint security, and content security segments make up the health IT security industry.
BY Delivery Mode
The market is divided into on-premise and on-demand solutions based on the mode of distribution.
By End User
Health payers and health care providers form market segments. Hospitals, medical services, and other organizations make up the remainder of the market for health care providers (patient care centers, medical centers, and educational institutions).
By Products and Services
Products
Services
By Application
Network Security
Endpoint Security
Content Security
BY Delivery Mode
On-premise
On-demand
By End User
Healthcare Providers
The health IT security market is anticipated to be dominated by North America, with the United States holding a sizable portion of the market. During the projection period, the Asian market is anticipated to develop at the greatest CAGR. The increasing usage of mobile devices in healthcare procedures, government measures to impose strict data security standards, and rising awareness of IT security in Asia are all contributing factors to market growth.
Need any customization research on Health IT Security Market - Enquiry Now
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are Dell, Inc., Hewlett Packard, Intel Corporation, Oracle Corporation, IBM Corporation, Symantec Corporation, Wipro, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 12.35 Billion |
| Market Size by 2030 | US$ 39.37 Billion |
| CAGR | CAGR of 7.3% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Products and Services (Products, Services) • By Application (Network Security, Endpoint Security, Application Security, Content Security) • BY Delivery Mode (On-premise, On-demand) • By End User (Healthcare Providers, Healthcare Payers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Dell, Inc., Hewlett Packard, Intel Corporation, Oracle Corporation, IBM Corporation, Symantec Corporation, Wipro, and other players. |
| Key Drivers | • Multiple Breach of Healthcare Data • High Standards of Regulation • Mobile Device Use Growing as Bring Your Own Device (BUOD) Policy Is More Widely Adopted |
| Restraints | • Cybersecurity experts are in short supply. • Discretionary IT Security Spending |
Ans: The Health IT Security Market size estimated to reach US$ 39.37 bn by 2030.
Ans: The Health IT Security Market is growing at a CAGR of 15.6% over the forecast period 2023-2030.
The challenges faced by Health IT Security market is Cyberattacks with Frequently Varying Nature
The by Application is divided into four sub segments is Network Security, Endpoint Security, Application Security, and Content Security.
The Development of Future IT Security Solutions, New Growth Paths Provided by Cloud Security are the opportunities of Health IT Security Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Health IT Security Market Segmentation, By Products and Services
8.1 Products
8.2 Services
9. Health IT Security Market Segmentation, BY Delivery Mode
9.1 On-premise
9.2 On-demand
10. Health IT Security Market Segmentation, By Application
10.1 Network Security
10.2 Endpoint Security
10.3 Application Security
10.4 Content Security
11. Health IT Security Market Segmentation, By End User
11.1 Healthcare Providers
11.2 Healthcare Payers
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Dell, Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Hewlett Packard
13.3 Intel Corporation
13.4 Oracle Corporation
13.5 IBM Corporation
13.6 Symantec Corporation
13.7 Wipro.
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Sports Medicine Market size was valued at USD 5.69 billion in 2023, and is expected to reach USD 10.05 billion by 2032, and grow at a CAGR of 6.54% over the forecast period 2024-2032.
The mHealth Market size is expected to reach USD 142.94 Bn by 2031, and the base value of the market was valued at USD 62.93 Bn in 2023. The CAGR growth rate was recorded at 10.81% over the forecast period of 2024-2031.
The Legionella Testing Market size was valued at USD 283.52 Million in 2023 & is estimated to reach USD 581.08 Million by 2032 and increase at a CAGR of 8.3% between 2024 and 2032.
The Digital PCR-dPCR Market size was US$ 515 Million in 2023 and is projected to reach US$ 3323 Million by 2032, with a growing CAGR of 23% by 2024-2032.
The Healthcare Workforce Management Systems Market Size was valued at USD 1.8 billion in 2023, and is expected to reach USD 4.88 billion by 2031, and grow at a CAGR of 13.3% over the forecast period 2024-2031.
The Erectile Dysfunction Treatment Drugs Market was valued at USD 3.31 billion in 2023 and is expected to reach USD 5.97 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.84% from 2024 to 2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
