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Driven by the High Value of Healthcare Records and an Ever-Increasing Threat Landscape, the Cybersecurity Market in Healthcare is Expected to Grow at a CAGR of ~14% till 2030

Roots Analysis
Posted on: 20 Mar 18

Roots Analysis has announced the addition of “Cybersecurity in Healthcare, 2018-2030” report to its list of offerings. The report features an extensive study of the current landscape and future outlook of the growing cybersecurity market within the healthcare industry. The focus of this study is on the cybersecurity products / solutions and services that are currently available for protecting internet connected devices against cybercriminals, and the likely evolution of novel technologies / platforms in the mid to long term.

 

Kanwar Gaurav, the principal analyst stated, “The healthcare industry has been amongst the prime targets for hackers over the last several years. In the first half of 2017, the industry had been compromised a number of times, having experienced a total of 228 data breaches, representing 25% of the total number of breaches worldwide. In order to prevent data breaches and security incidents in the industry, various cybersecurity solution providers have started to specifically focus on healthcare.”

 

One of the primary objectives of the study was to project the growth of this market segment and evaluate the future prospects of cybersecurity within the healthcare industry. Amongst other things, the study covers the following:

  • A detailed assessment of the current market landscape of cybersecurity within the healthcare domain, providing information on cybersecurity core products / solutions, threat intelligence solutions, information on different threat types, security elements and modes of deployment.
  • Detailed profiles of some of the emerging players in the industry, highlighting the current focus of the companies, capital raised, and details on specific cybersecurity products / solutions and services. The profiles also have a section on recent developments, highlighting the achievements, partnerships / collaborations, and the likely strategies that may be adopted by these players to fuel growth in the foreseen future.
  • A comprehensive benchmark analysis, highlighting key focus areas of mid to large sized companies, thereby, providing a means to compare the existing capabilities within respective peer groups and help industry stakeholders identify ways to achieve a competitive edge over contemporary players. In addition, we have provided detailed profiles of some of the established players within each peer group.
  • An analysis of investments made at various stages of product development; these include seed financing, venture capital financing, debt financing and grants / awards received by the companies that are focused in this area.
  • An elaborate valuation analysis of companies that are involved in providing cybersecurity products / solutions / services to the healthcare industry; for the purpose of this analysis, we focused on companies that have been established over the last 5-6 years.
  • An overview of how artificial intelligence (AI), machine learning and deep learning techniques can augment cybersecurity, once integrated. In addition, we have outlined a detailed assessment of the current market landscape of AI-based cybersecurity and provided high-level insights on the market competitiveness within this domain.
  • A case study on cybersecurity use cases within the healthcare industry, highlighting some of the notable healthcare data breaches and security incidents that have happened in 2017. In addition, we have briefly outlined some of the recently reported medical device hacks / security vulnerabilities that led to the recalling of these devices.

 

Kanwar further added, “Along with the presence of big companies, the entry of several start-ups is driving the innovation in this domain. Contrary to expectation, capital spending on cybersecurity in the healthcare industry is far less compared to some other industries. In addition, the scarcity of skilled cybersecurity professionals capable of catering to the complex regulatory demands in the healthcare industry is making it even more difficult for the successful implementation of such policies across this field.”

 

The report highlights the contributions of several players in the field; some of the examples (in alphabetical order, no specific selection criteria) are listed below:

  • AlienVault
  • Attivo Networks
  • BlackRidge Technology
  • CensorNet
  • Cisco
  • Critical Informatics
  • CrowdStrike
  • Cylance
  • Darktrace
  • Exabeam
  • FireEye
  • Fortinet
  • Gigamon
  • IBM
  • Illusive Networks
  • LogRhythm
  • McAfee
  • MedCrypt
  • Palo Alto Nertworks
  • Radware
  • Rubicon Labs
  • Sera-Brynn
  • Shape Security
  • Sophos
  • Sqrrl
  • Symantec
  • Trend Micro
  • Trustwave
  • Vectra Networks
  • Zenedge

 

The opinions and insights discussed in this report were influenced by valuable inputs from senior stakeholders in the industry. The report features detailed transcripts of interviews held with Chris Dye (VP, Marketing and Sales, Glasswall Solutions) and Mollie Smith (Marketing and Administrative Assistant, Glasswall Solutions), Garrett Silver (CEO, Critical Informatics), Jake Kouns (CISO, Risk Based Security), John Gomez (CEO, Sensato), Matan Kubovsky (VP, R&D, illusive networks), Mike Kijewski (CEO, MedCrypt), Mike Meikle (CEO, secureHIM), Robert Dobson (Director, Device Authority) and Rosa Lenders (Marketing Executive, Device Authority), Rod Schultz (CPO, Rubicon Labs) and Julia Cline (Senior Director, Product and Marketing, Rubicon Labs), Saïd Kenj (Account Executive, Cyberlytic) and Rebecca Bourke (Marketing Manager, Cyberlytic), Steve Leatherman (IT Consultant, BlackRidge Technology), and Yoni Shohet (CEO, SCADAfence).. 

 

For additional details, please visit 

https://www.rootsanalysis.com/reports/view_document/cybersecurity-in-healthcare-2018-2030/185.html

or email sales@rootsanalysis.com

 

 

Editor's Details

Gaurav Chaudhary
Roots Analysis
www.rootsanalysis.com
+1-604-595-4954
gaurav.chaudhary@rootsanalysis.com

Last updated on: 20/03/2018

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