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Global Medical device security Market Outlook and Industry Forecast Report

aanikhil | August 27, 2019 | 0 | Pharmaceutical and Healthcare

Medical Device Security Market

Medical Device Security Market Overview:

There has been an increase in cyber-attacks on healthcare facilities systems and their medical devices, and there have been instances of theft of personal information that are critical to hospitals and patient privacy. This has resulted to the FDA and National Institute for Standards and Technology NIST implementing strict government guidelines. Endpoints are internet-enabled with IP network in the case of medical devices MRI scanners, surgical robots, X-ray machines, and dental devices. These endpoints are susceptible to hackers safety threats. Endpoint security has thus become increasingly important for data protection and system protection from unauthorized manipulation and preventing the use of malicious software.

There has been an emerging trend in the acceptance of connected and wearable medical devices. Medical devices with configurable embedded computer systems are more susceptible to threats to cyber safety. With increased use of medical devices across healthcare organisations, device manufacturers and hospitals have become more vigilant in enhancing their network security. Medical devices in hospital rooms in intensive care units are incorporated into a cloud base infrastructure for internet sharing of encrypted health care information. Thus arises the need to provide safety for medical devices, which further contributes to the growth of the medical device security market.

Other factors driving the medical security market are the growing demand for connected medical devices and government regulations along with the need for compliance.

Scope of the Report:

Medical devices are vulnerable to security threats are using industry standard rules protected. Medical device manufacturers mitigate risks with the use of software solutions, services, and data encryption for secure data transfer and data loss avoidance.

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Key Market Trends: –

Wearable and Medical Devices Segment is having the largest share over the forecast period:

The increasing adoption of wearable medical devices is driven by technological advancements and innovations along with improved patient care accessibility and lifestyle. These wearable medical devices are currently gaining immense popularity due to improved technologies and their compatibility with regularly used devices, such as smartphones. Increased use medical devices connected to mobile networks or through IoT in the healthcare sector can significantly increase the risk of security issues, which in turn is forcing more and more medical technology companies to implement security solutions for external and wearable medical devices.

United States is dominating the market growth:

There is an increase in the adoption of wired and wireless networked medical devices in the United States because they play an significant part in improving employee health results. These systems collect, store and process vast quantities of clinical data and are prone to security risk. In 2018, the FDA published a safety action plan outlining proposals for improving cyber security in medical devices. These government initiatives to reduce information breaches by enhancing the safety of medical devices are the most important factor responsible for the development of the U.S. market for medical device safety.

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Competitive Landscape:

The medical devices security market is fragmented, highly competitive and dynamic. The dynamic nature of the market is mainly due to the ability of information technology and software companies to enter the market freely. Key market players include CA Technologies, Check Point Software Technologies, Cisco Systems, DXC Technology, FireEye, IBM, Imperva, Mcafee, Palo Alto Networks, and Symantec Corporation, among others.

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