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Global Medical Device Security Market: Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023

July 2017 | 88 pages | ID: G8390A29C6DEN
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Overview:

Medical device companies and healthcare providers are facing threats in mobile and web applications, and various network nodes. The healthcare industry, medical device providers, and individuals/patients are adopting a wide range of connected devices such as wearables, backend system, integration devices, and automated equipment. These devices also vulnerable to attacks by hackers as these devices store and transfer health information on a regular basis. Furthermore, the healthcare organizations are moving toward connected hospitals infrastructure to provide best-quality and on time services. The medical device security value chain players need to ensure high-end security in each layer of connected hospital infrastructure to increase patient experience and business footprints.

Market Analysis:

The increasing adoption rate of connected devices by consumers, use of mobile health applications/devices (home care), government regulations, lack of security testing on medical devices, and increasing initiatives toward connected hospital are expected to drive the market. In addition, lack of knowledge and access control, pressure to meet production activities, and standardization of technology are few challenges hampering the medical device security market growth. According to Infoholic Research, Global Medical Device Security Market revenue is expected to reach $28.9 billion, growing at a CAGR of 35.59% over the forecast period 2017-2023. The market is analyzed by services, solutions, security type, end-users, regions, and device type.

Market Segmentation Analysis:

The security type segment includes cloud security, wireless security, application security, and network security. Currently, the cloud security segment is expected to play a vital role as both small and large healthcare organizations consider cloud security to be one of their key priorities in their businesses. The growing adoption of smart medical devices, mobile health applications, and investment in mobile platform have led the demand for mobile applications in the market. The service segment will hold the major market share by 2023 followed by solutions due to huge demand for various services from the healthcare and medical devices manufacturers. High-end services are required to manage the connected medical devices as multiple devices count rate is expected to increase in the near future.

Region Analysis:

The regions covered in the report are North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The governments had been implementing new rules and regulations to protect the patient lives and sensitive data breaches from the hackers. The US, Germany, Canada, France, China, and Japan are expected to outperform in terms of growth. Asia Pacific is set to be fastest growing region due to increasing investment activities, FDI, and private & public partnerships.

Benefits and Vendors

The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy, and views and competitive landscape. The major companies included in the report are IBM, Microsoft, Cisco, GE Healthcare, and Philips.

The study offers a comprehensive analysis of the “Medical Device Security Market”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
1 INDUSTRY OUTLOOK

1.1 Industry Overview
1.2 Key Industry Trends
1.3 PEST Analysis

2 REPORT OUTLINE

2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

3 MARKET SNAPSHOT

3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)

4 MARKET OUTLOOK

4.1 Overview
4.2 Market Definitions
4.3 Market Trends
4.4 Porter 5 (Five) Forces
4.5 Market Segmentation

5 MARKET CHARACTERISTICS

5.1 Evolution
5.2 Timeline_ Medical Devices Security
5.3 Market Dynamics
  5.3.1 Drivers
    5.3.1.1 Aging Population at Peak
    5.3.1.2 Growing Awareness- Cyber Security and Health concerns
    5.3.1.3 Demand for Self-Medication and Homecare Medical Devices
  5.3.2 Restraints
    5.3.2.1 Least Cyber Security Testing on Medical Devices
    5.3.2.2 Vendors Lock In
    5.3.2.3 Intensify Government Regulatory
  5.3.3 Opportunities
    5.3.3.1 Growing Machine to Machine and Machine to People Automation
    5.3.3.2 Connected Hospital Infrastructure
  5.3.4 DRO – Impact Analysis

6 SECURITY TYPE: MARKET SIZE & ANALYSIS

6.1 Overview
  6.1.1 Market Size and Analysis
6.2 Wireless Security
6.3 Network Security
6.4 Application Security
6.5 Cloud Security

7 SERVICES: MARKET SIZE & ANALYSIS

7.1 Overview
  7.1.1 Market Size and Analysis
7.2 Consulting
7.3 Design and Integrations
7.4 Remote Services
7.5 Managed Security Services
7.6 Training and Support Services

8 SOLUTIONS: MARKET SIZE & ANALYSIS

8.1 Overview
  8.1.1 Market Size and Analysis
8.2 Identity & Access Management (IAM)
8.3 IDS/IPS
8.4 Disaster Recovery
8.5 DDoS
8.6 Risk & Vulnerability
8.7 Data Encryption
8.8 Antivirus/Antimalware
8.9 DLP

9 END USERS: MARKET SIZE & ANALYSIS

9.1 Overview
9.2 Payers
9.3 Providers
9.4 Medical Device Makers

10 DEVICES TYPE: MARKET SIZE & ANALYSIS

10.1 Overview
  10.1.1 Market Size and Analysis
10.2 Hospital Medical Devices
10.3 Wearable and External Medical Devices
10.4 Internally Embedded Medical Devices

11 REGIONS: MARKET SIZE & ANALYSIS

11.1 Overview
  11.1.1 Market Size and Analysis
11.2 North America
  11.2.1 Overview
  11.2.2 Market Size and Analysis
  11.2.3 Key Facts
  11.2.4 Drivers, Challenges, Key Opportunities
  11.2.5 Country Analysis
    11.2.5.1 US
    11.2.5.2 Canada
11.3 Europe
  11.3.1 Overview
  11.3.2 Market Size and Analysis
  11.3.3 WE Key Facts
  11.3.4 WE Drivers, Challenges, Key Opportunities
  11.3.5 CEE Drivers, Challenges, Key Opportunities
  11.3.6 Country Analysis
    11.3.6.1 UK
    11.3.6.2 Germany
    11.3.6.3 France
    11.3.6.4 Spain
    11.3.6.5 Poland
11.4 Asia Pacific
  11.4.1 Overview
  11.4.2 Market Size and Analysis
  11.4.3 Key Facts
  11.4.4 Drivers, Challenges, Key Opportunities
  11.4.5 Country Analysis
    11.4.5.1 India
    11.4.5.2 China
    11.4.5.3 Japan
    11.4.5.4 Australia
    11.4.5.5 Singapore
11.5 Middle East & Africa
  11.5.1 Overview
  11.5.2 Market Size and Analysis
  11.5.3 Key Facts
  11.5.4 Drivers, Challenges, Key Opportunities
  11.5.5 Country Analysis
    11.5.5.1 GCC Countries
    11.5.5.2 Africa
11.6 Latin America
  11.6.1 Overview
  11.6.2 Market Size and Analysis
  11.6.3 Key Facts
  11.6.4 Drivers, Challenges, Key Opportunities
  11.6.5 Country Analysis
    11.6.5.1 Brazil
    11.6.5.2 Mexico

12 VENDOR PROFILES

12.1 Cisco Systems, Inc.
  12.1.1 Overview
  12.1.2 Business Units
  12.1.3 Geographic Revenue
  12.1.4 Business Focus
  12.1.5 SWOT Analysis
  12.1.6 Business Strategy
12.2 IBM Corp.
  12.2.1 Overview
  12.2.2 Business Units
  12.2.3 Geographic Revenue
  12.2.4 Business Focus
  12.2.5 SWOT Analysis
  12.2.6 Business Strategy
12.3 Symantec Corp.
  12.3.1 Overview
  12.3.2 Business Units
  12.3.3 Geographic Revenue
  12.3.4 Business Focus
  12.3.5 SWOT Analysis
  12.3.6 Business Strategy
12.4 McAfee LLC
  12.4.1 Overview
  12.4.2 Business Units
  12.4.3 Geographic Presence
  12.4.4 Business Focus
  12.4.5 SWOT Analysis
  12.4.6 Business Strategy
12.5 Oracle Corp
  12.5.1 Overview
  12.5.2 Business Units
  12.5.3 Geographic Revenue
  12.5.4 Business Focus
  12.5.5 SWOT Analysis
  12.5.6 Business Strategy
12.6 GE Healthcare
  12.6.1 Overview
  12.6.2 Business Unit
  12.6.3 Geographic Revenue
  12.6.4 Business Focus
  12.6.5 SWOT Analysis
  12.6.6 Business Strategy
12.7 Philips
  12.7.1 Overview
  12.7.2 Business Unit
  12.7.3 Geographic Revenue
  12.7.4 Business Focus
  12.7.5 SWOT Analysis
  12.7.6 Business Strategy

13 COMPETITIVE BENCHMARKING

Annexure
O Abbreviations

Tables
Table 1 GLOBAL MEDICAL DEVICE SECURITY MARKET REVENUE BY SECURITY TYPE, 2017-2023 ($MILLION)
Table 2 GLOBAL MEDICAL DEVICE SECURITY MARKET GROWTH BY SECURITY TYPE, 2017-2023 ($MILLION)
Table 3 GLOBAL MEDICAL DEVICE SECURITY MARKET REVENUE BY SERVICES, 2017-2023 ($MILLION)
Table 4 GLOBAL MEDICAL DEVICE SECURITY MARKET GROWTH BY SERVICES, 2017-2023, Y-O-Y (%)
Table 5 GLOBAL MEDICAL DEVICE SECURITY MARKET REVENUE BY SOLUTIONS, 2017-2023 ($MILLION)
Table 6 GLOBAL MEDIAL DEVICE SECURITY MAREKT GROWTH BY SOLUTIONS, 2017-2023, Y-O-Y (%)
Table 7 GLOBAL MEDICAL DEVICE SECURITY MARKET REVENUE BY END USERS, 2017-2023 ($MILLION)
Table 8 GLOBAL MEDICAL DEVICE SECURITY MARKET GROWTH BY END USERS, 2017-2023 ($MILLION)
Table 9 GLOBAL MEDICAL DEVICE SECURITY MARKET REVENUE BY DEVICE TYPE, 2017-2023 ($BILLION)
Table 10 GLOBAL MEDICAL DEVICE SECURITY MARKET GROWTH BY DEVICE TYPE, 2017-2023, Y-O-Y (%)
Table 11 GLOBAL MEDICAL SECURITY MARKET REVENUE BY REGIONS, 2017-2023 ($MILLION)
Table 12 GLOBAL MEDICAL DEVICE SECURITY MARKET GROWTH BY REGIONS, 2017-2023, Y-O-Y (%)
Table 13 NORTH AMERICA MEDICAL DEVICE SECURITY MARKET REVENUE BY SECURITY TYPE, 2017-2023 ($MILLION)
Table 14 NORTH AMERICA MEDICAL DEVICE SECURITY MARKET REVENUE BY TYPES, 2017-2023 ($MILLION)
Table 15 NORTH AMERIA MEDICAL DEVICE SECURITY MARKET REVENUE BY COUNTRIES, 2017-2023 ($MILLION)
Table 16 EUROPE MEDICAL DEVICE SECURITY MARKET REVENUE BY SECURITY TYPE, 2017-2023 ($MILLION)
Table 17 EUROPE MEDICAL DEVICE SECURITY MARKET REVENUE BY TYPES, 2017-2023 ($MILLION)
Table 18 EUROPE MEDICAL DEVICE SECURITY MARKET REVENUE BY COUNTRIES, 2017-2023 ($MILLION)
Table 19 ASIA PACIFIC MEDICAL DEVICE SECURITY MARKET REVENUE BY SECURITY TYPE, 2017-2023 ($MILLION)
Table 20 ASIA PACIFIC MEDICAL DEVICE SECURITY MARKET REVENUE BY TYPES, 2017-2023 ($MILLION)
Table 21 ASIA PACIFIC MEDICAL DEVICE SECURITY MARKET REVENUE BY COUNTRIES, 2017-2023 ($MILLION)
Table 22 MEA MEDICAL DEVICE SECURITY MARKET REVENUE BY SECURITY TYPE, 2017-2023 ($MILLION)
Table 23 MEA MEDICAL DEVICE SECURITY MARKET REVENUE BY TYPES, 2017-2023 ($MILLION)
Table 24 MEA MEDICAL DEVICE SECURITY MARKET REVENUE BY COUNTRIES, 2017-2023 ($MILLION)
Table 25 LA MEDICAL DEVICE SECURITY MARKET REVENUE BY SECURITY TYPE, 2017-2023 ($MILLION)
Table 26 LA MEDICAL DEVICE SECURITY MARKET REVENUE BY TYPES, 2017-2023 ($MILLION)
Table 27 LA MEDICAL DEVICE SECURITY MARKET REVENUE BY COUNTRIES, 2017-2023 ($MILLION)

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Charts
Chart 1 PEST ANALYSIS OF MEDICAL DEVICE SECURITY MARKET
Chart 2 RESEARCH METHODOLOGY OF MEDICAL DEVICE SECURITY MARKET
Chart 3 PORTERS 5 FORCES ON MEDICAL DEVICE SECUIRTY MARKET
Chart 4 ECOSYSTEM OF MEDICAL DEVICE SECURITY
Chart 5 ECOSYSTEM OF MEDICAL DEVICE SECURITY
Chart 6 ECOSYSTEM OF MEDICAL DEVICE SECURITY
Chart 7 MEDICAL DEVICE SECURITY MARKET SEGMENTATIONS
Chart 8 KEY STAKEHOLDERS OF MEDICAL DEVICE SECURITY MARKET
Chart 9 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
Chart 10 DRO - IMPACT ANALYSIS OF MEDICAL DEVICE SECURITY MARKET
Chart 11 WIRELESS SECURITY
Chart 12 REASONS FOR WIRELESS SECURITY
Chart 13 MEDICAL DEVICES CONNECTED TO NETWORK SECURITY ECOSYSTEM
Chart 14 APPLICATION SECURITY ATTACK
Chart 15 REASONS FOR APPLICATIONS SECURITY
Chart 16 KEY POINTS TO CONSIDER AVOIDING APPLICAITONS SECURITY
Chart 17 USECASES: REMOTE SERVICES
Chart 18 IAM DRIVERS, CHALLENGES, MAJOR PLAYERS
Chart 19 CISCO SYSTEM: OVERVIEW SNAPSHOT
Chart 20 CISCO SYSTEM: BUSINESS UNITS
Chart 21 CISCO SYSTEM: GEOGRAPHIC REVENUE
Chart 22 CISCO SYSTEM: SWOT ANALYSIS
Chart 23 IBM: OVERVIEW SNAPSHOT
Chart 24 IBM: BUSINESS UNITS
Chart 25 IBM: GEOGRAPHIC REVENUE
Chart 26 IBM: SWOT ANALYSIS
Chart 27 SYMANTEC: OVERVIEW SNAPSHOT
Chart 28 SYMANTEC: BUSINESS UNITS
Chart 29 SYMANTEC: GEOGRAPHIC REVENUE
Chart 30 SYMANTEC: SWOT ANALYSIS
Chart 31 MCAFEE LLC: OVERVIEW SNAPSHOT
Chart 32 MCAFEE: BUSINESS UNITS
Chart 33 MCAFEE: GEOGRAPHIC PRESENCE
Chart 34 MCAFEE LLC: SWOT ANALYSIS
Chart 35 ORACLE: OVERVIEW SNAPSHOT
Chart 36 ORACLE: BUSINESS UNITS
Chart 37 ORACLE: GEOGRAPHIC REVENUE
Chart 38 ORACLE: SWOT ANALYSIS


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