Global Medical Device Security Market is Projected to Grow at a CAGR of 8-10% by 2027

BRUSSELS - June 27, 2023 - PRLog -- Medical device security system (https://meditechinsights.com/medical-device-security-market/) involves safeguarding medical devices and their related systems against unauthorized entry, alteration, theft, and harm. It aids in the implementation of protective measures to secure patient data and maintain the proper functioning of medical devices, ultimately ensuring patient well-being and averting potential risks or negative incidents.

Growing trend of Connected Medical Devices in the Healthcare Sector

Innovations in Healthcare technology and the accessibility of innovative medical devices such as wearable devices and remote monitoring systems have led to Improvement of patient results and the efficiency of the healthcare system. As the number of medical equipment connected to networks or the internet grows, so does the potential of cyber-attacks and data breaches. As a result, it is critical for healthcare practitioners and manufacturers to assure the safety of medical devices while also prioritizing security measures for patient data security. For instance,

§  In April 2023, GE Healthcare launched ReadySee Asset Management & Network Supervision Solutions which automatically locates devices, self-manages cybersecurity protocols

Surge in Medical Device Security Market Growth Post Covid-19 Pandemic

The medical device security market growth is being boosted due to the increasing usage of connected devices in the healthcare sector. This has raised healthcare firms' awareness of cybersecurity solutions to reduce the danger of data breaches, boosting demand for the medical device security market. Government measures to install cybersecurity solutions and rising investment in the healthcare-IT business. For instance,

§  In February 2023, Cisco launched its Cisco Cyber Vision through which IoT and IT operations teams will have complete visibility into IT and OT devices to mitigate threats across the organization and provide a unified security posture across the entire network.

North America Expected to Maintain its Dominant Position in the Medical Device Security Market

Geographically, North America holds a Large market share of the medical device security market. This can be primarily attributed to the growing demand for connected medical devices, frequent cyber-attacks on medical devices, government initiatives for cybersecurity, and the presence of key players in the region.

Competitive Landscape Analysis : Global Medical Device Security Market

Cisco Systems Inc., IBM, GE Healthcare, Philips Healthcare, Check Point Software Technologies, FireEye Inc., and Palo Alto Networks Inc. are among the prominent players in the market.

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