Medical Device Security Market Key Players Analysis – Cisco Systems (US), IBM (US), GE Healthcare (US), Symantec (US), CA Technologies (US), Philips (Netherlands)

Medical Device Security Market report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. The report also plays key role in keeping hold of the reputation of the firm and its products. The Medical Device Security Market document contains all the information including market definition, classifications, applications, and engagements while also detailing about what the major players are doing in respect of product launches, joint ventures, developments, mergers and acquisitions and how it is affecting the market in terms of sales, import, export, revenue and CAGR values for the market.

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List of companies profiled in the report

  • Cisco Systems (US)
  • IBM (US)
  • GE Healthcare (US)
  • Symantec (US)
  • CA Technologies (US)
  • Philips (Netherlands)
  • DXC Technology (US
  • CloudPassage (US)
  • FireEye (US)
  • Check Point Software Technologies (Israel)
  • Sophos (UK)
  • Imperva (US)
  • Fortinet (US)
  • Palo Alto Networks (US)
  • ClearDATA (US)
  • Zscaler (US)

Factors such as increasing instances of healthcare cyber attacks and threats, growing geriatric population and the subsequent growth in chronic disease management, government regulations and need for compliance, growing demand for connected medical devices, and increasing adoption of BYOD and IoT are driving the growth of the medical device security market. However, lack of healthcare IT security budget may restrain the growth of the market during the forecast period.

“The services segment is expected to dominate the market during the forecast period”

In 2018, on the basis of component, the services segment is expected to account for the largest share of the market during the forecast period. The large share of this segment is primarily attributed to the growing demand for continuous consultation, support& maintenance services to protect connected medical devices and healthcare IT infrastructure from the growing number of cyber attacks. This is expected to drive the demand for security services during the forecast period.

“The application security segment is projected to be the fastest growing during the forecast period”

On the basis of type, the application security segment is expected to register the highest growth rate during the forecast period, owing to the proliferation of connected medical devices and mobile devices, growing usage of web and mobile healthcare applications for remote patient monitoring and also the increasing demand for medical applications for physician use.

“Asia Pacific is expected to register the highest growth rate during the forecast period”

Geographically, the medical device security market is segmented into North America, Europe, Asia Pacific, the Rest of Latin America, and the Middle East & Africa. In 2018, North America is expected to account for the largest share of the market followed by Europe. However, Asia Pacific is expected to register the highest CAGR during the forecast period mainly due to the increasing adoption of connected medical devices, improving healthcare infrastructure, increasing awareness about security of patient health information (PHI), and growing awareness about medical device security solutions due to the increasing number of cyber attacks in the healthcare organizations.

Breakdown of supply-side primary interviews: by company type, designation, and region:

  • By Company Type – Tier 1 – 22%, Tier 2 – 53% and Tier 3 – 25%
  • By Designation – C-level – 45%, Director-level – 30%, Others –25%
  • By Region – North America – 55%, Europe – 25%, APAC – 10%, Latin America – 5%, Middle East and Africa- 5%

Research Coverage

This report studies the medical device security market based on component, type, device type, security type, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It analyzes opportunities and challenges in the market for stakeholders and provides in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies. Furthermore, the report analyzes micro markets with respect to their individual growth trends, prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall medical device security market and its segments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.

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Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Medical Device Security: Market Overview
4.2 Asia Pacific: Medical Device Security Market, By Type
4.3 Geographic Snapshot of the Medical Device Security Market
4.4 Geographic Mix: Medical Device Security Market
4.5 Medical Device Security Market: Developing vs Developed Markets

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Instances of Healthcare Cyberattacks and Threats
5.2.1.2 Growth in Geriatric Population and Subsequent Growth in Chronic Disease Management
5.2.1.3 Government Regulations and Need for Compliance
5.2.1.4 Growing Demand for Connected Medical Devices
5.2.1.5 Increasing Adoption of Byod and IoT
5.2.2 Restraint
5.2.2.1 Limited Healthcare Security Budgets
5.2.3 Opportunities
5.2.3.1 Sensor-Based Wireless Mobile Medical Devices
5.2.3.2 Rise in the Adoption of Advanced Cloud Security Solutions in Healthcare
5.2.4 Challenges
5.2.4.1 Endpoint Devices Pose Challenges to Healthcare Cybersecurity
5.2.4.2 Lack of Awareness About Healthcare Security

6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Technological Advancements
6.2.2 Growing Machine-To-Machine and Machine-To-People Automation
6.3 Regulatory Implications
6.3.1 Food and Drug Administration (FDA)
6.3.2 ISAO Standards Organization (ISAO SO)
6.3.3 ISO Standards – ISO 27799:2008 & ISO/TR 27809: 2007
6.3.4 Health Insurance Portability and Accountability Act (HIPAA)
6.3.4.1 HIPAA Privacy Rule
6.3.4.2 HIPAA Security Rule
6.3.5 Health Information Technology for Economic and Clinical Health Act (HiTech)
6.3.6 CEN ISO/IEEE 11073
6.3.7 CEN/Cenelec
6.3.8 European Union Agency for Network and Information Security (ENISA)
6.3.9 European Technical Standards Institute (ETSI)

7 Medical Device Security Market, By Component
7.1 Introduction
7.2 Solutions
7.2.1 Identity & Access Management Solutions
7.2.2 Antivirus/Antimalware Solutions
7.2.3 Encryption Solutions
7.2.4 Data Loss Prevention Solutions
7.2.5 Risk & Compliance Management
7.2.6 Intrusion Detection Systems/Intrusion Prevention Systems
7.2.7 Disaster Recovery Solutions
7.2.8 Distributed Denial of Service Solutions
7.2.9 Other Solutions
7.3 Services
7.3.1 Professional Services
7.3.1.1 Consulting Services
7.3.1.2 Training & Education
7.3.1.3 Support & Maintenance
7.3.1.4 Design & Integration
7.3.2 Managed Security Services

8 Medical Device Security Market, By Type
8.1 Introduction
8.2 Network Security
8.3 Endpoint Security
8.4 Application Security
8.5 Cloud Security
8.6 Other Security Types

9 Medical Device Security Market, By Device Type
9.1 Introduction
9.2 Hospital Medical Devices
9.3 Wearable and External Medical Devices
9.4 Internally Embedded Medical Devices

10 Medical Device Security Market, By End User
10.1 Introduction
10.2 Healthcare Providers
10.3 Medical Device Manufacturers
10.4 Healthcare Payers

11 Medical Device Security Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Rest of Asia Pacific
11.5 Latin America
11.6 Middle East & Africa

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis
12.3 Competitive Situation and Trends
12.3.1 Product Launches
12.3.2 Partnerships, Agreements, and Collaborations
12.3.3 Mergers and Acquisitions
12.3.4 Expansions

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 Cisco Systems
13.2 Symantec Corporation
13.3 International Business Machines Corporation (IBM)
13.4 GE Healthcare
13.5 Koninklijke Philips N.V.
13.6 CA Technologies
13.7 Mcafee
13.8 Check Point Software Technologies
13.9 Cloudpassage
13.10 Palo Alto Networks
13.11 Cleardata
13.12 DXC Technology
13.13 Sophos
13.14 Imperva
13.15 Fortinet
13.16 Zscaler
13.17 Fireeye

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Report
14.7 Author Details

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