Global Medical Device Security Solutions Market 2024-2028

PUBLISHED: March 22, 2024

PAGES: 178 Pages

DELIVERY TIME: 1-2 business days

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The medical device security solutions market is forecasted to grow by USD 2.62 bn during 2023-2028, accelerating at a CAGR of 11.96% during the forecast period. The report on the medical device security solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing concerns about healthcare data, the growing geriatric population and prevalence of chronic diseases, and stringent government regulations on medical device security solutions.

Technavio's medical device security solutions market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	10.62%
CAGR	11.96%
Incremental Value	$2.62bn

By Device

Wearable and external medical devices
Hospital medical devices
Internally embedded medical devices

By End-user

Healthcare providers
Medical devices manufacturers
Healthcare payers

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the increasing adoption of IoT and connected devices in healthcare industries as one of the prime reasons driving the medical device security solutions market growth during the next few years. Also, rising demand for self-medication and homecare medical devices and increasing demand for cloud-based medical device security solutions will lead to sizable demand in the market.

The report on the medical device security solutions market covers the following areas:

Medical device security solutions market sizing
Medical device security solutions market forecast
Medical device security solutions market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical device security solutions market vendors that include Battelle Memorial Institute, Broadcom Inc., Cisco Systems Inc., CLEARDATA, Clearwater Security and Compliance LLC, Coalfire Systems Inc., Device Authority, Dragerwerk AG and Co. KGaA, DXC Technology Co., Extreme Networks Inc., Forescout, Fortinet Inc., General Electric Co., Imperva Inc., International Business Machines Corp., Koninklijke Philips N.V., Meditology Services LLC, Palo Alto Networks Inc., Sophos Ltd., UL Solutions Inc., and Check Point Software Technologies Ltd.. Also, the medical device security solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40164

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global medical device security solutions market 2018 - 2022
4.2 Device Segment Analysis 2018 - 2022
4.3 End-user Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Device

6.1 Market segments
6.2 Comparison by Device
6.3 Wearable and external medical devices - Market size and forecast 2023-2028
6.4 Hospital medical devices - Market size and forecast 2023-2028
6.5 Internally embedded medical devices - Market size and forecast 2023-2028
6.6 Market opportunity by Device

7 Market Segmentation by End-user

7.1 Market segments
7.2 Comparison by End-user
7.3 Healthcare providers - Market size and forecast 2023-2028
7.4 Medical devices manufacturers - Market size and forecast 2023-2028
7.5 Healthcare payers - Market size and forecast 2023-2028
7.6 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 Germany - Market size and forecast 2023-2028
9.10 UK - Market size and forecast 2023-2028
9.11 Japan - Market size and forecast 2023-2028
9.12 China - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Battelle Memorial Institute
12.4 Broadcom Inc.
12.5 Check Point Software Technologies Ltd.
12.6 Cisco Systems Inc.
12.7 CLEARDATA
12.8 Clearwater Security and Compliance LLC
12.9 Coalfire Systems Inc.
12.10 Dragerwerk AG and Co. KGaA
12.11 DXC Technology Co.
12.12 Extreme Networks Inc.
12.13 Fortinet Inc.
12.14 General Electric Co.
12.15 International Business Machines Corp.
12.16 Koninklijke Philips N.V.
12.17 Palo Alto Networks Inc.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations

Product Code: IRTNTR40164

Exhibits:

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Device
Exhibits6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits7: Executive Summary - Chart on Incremental Growth
Exhibits8: Executive Summary - Data Table on Incremental Growth
Exhibits9: Executive Summary - Chart on Vendor Market Positioning
Exhibits10: Parent market
Exhibits11: Market Characteristics
Exhibits12: Offerings of vendors included in the market definition
Exhibits13: Market segments
Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Historic Market Size - Data Table on global medical device security solutions market 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Device Segment 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Device - Market share 2023-2028 (%)
Exhibits31: Data Table on Device - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Device
Exhibits33: Data Table on Comparison by Device
Exhibits34: Chart on Wearable and external medical devices - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Data Table on Wearable and external medical devices - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Chart on Wearable and external medical devices - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on Wearable and external medical devices - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Hospital medical devices - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Data Table on Hospital medical devices - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Chart on Hospital medical devices - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Hospital medical devices - Year-over-year growth 2023-2028 (%)
Exhibits42: Chart on Internally embedded medical devices - Market size and forecast 2023-2028 ($ billion)
Exhibits43: Data Table on Internally embedded medical devices - Market size and forecast 2023-2028 ($ billion)
Exhibits44: Chart on Internally embedded medical devices - Year-over-year growth 2023-2028 (%)
Exhibits45: Data Table on Internally embedded medical devices - Year-over-year growth 2023-2028 (%)
Exhibits46: Market opportunity by Device ($ billion)
Exhibits47: Data Table on Market opportunity by Device ($ billion)
Exhibits48: Chart on End-user - Market share 2023-2028 (%)
Exhibits49: Data Table on End-user - Market share 2023-2028 (%)
Exhibits50: Chart on Comparison by End-user
Exhibits51: Data Table on Comparison by End-user
Exhibits52: Chart on Healthcare providers - Market size and forecast 2023-2028 ($ billion)
Exhibits53: Data Table on Healthcare providers - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Chart on Healthcare providers - Year-over-year growth 2023-2028 (%)
Exhibits55: Data Table on Healthcare providers - Year-over-year growth 2023-2028 (%)
Exhibits56: Chart on Medical devices manufacturers - Market size and forecast 2023-2028 ($ billion)
Exhibits57: Data Table on Medical devices manufacturers - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Chart on Medical devices manufacturers - Year-over-year growth 2023-2028 (%)
Exhibits59: Data Table on Medical devices manufacturers - Year-over-year growth 2023-2028 (%)
Exhibits60: Chart on Healthcare payers - Market size and forecast 2023-2028 ($ billion)
Exhibits61: Data Table on Healthcare payers - Market size and forecast 2023-2028 ($ billion)
Exhibits62: Chart on Healthcare payers - Year-over-year growth 2023-2028 (%)
Exhibits63: Data Table on Healthcare payers - Year-over-year growth 2023-2028 (%)
Exhibits64: Market opportunity by End-user ($ billion)
Exhibits65: Data Table on Market opportunity by End-user ($ billion)
Exhibits66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits69: Chart on Geographic comparison
Exhibits70: Data Table on Geographic comparison
Exhibits71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits74: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits89: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits90: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits94: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits102: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits105: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits107: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits109: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits110: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits111: Market opportunity By Geographical Landscape ($ billion)
Exhibits112: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits113: Impact of drivers and challenges in 2023 and 2028
Exhibits114: Overview on Criticality of inputs and Factors of differentiation
Exhibits115: Overview on factors of disruption
Exhibits116: Impact of key risks on business
Exhibits117: Vendors covered
Exhibits118: Matrix on vendor position and classification
Exhibits119: Battelle Memorial Institute - Overview
Exhibits120: Battelle Memorial Institute - Product / Service
Exhibits121: Battelle Memorial Institute - Key offerings
Exhibits122: Broadcom Inc. - Overview
Exhibits123: Broadcom Inc. - Business segments
Exhibits124: Broadcom Inc. - Key news
Exhibits125: Broadcom Inc. - Key offerings
Exhibits126: Broadcom Inc. - Segment focus
Exhibits127: Check Point Software Technologies Ltd. - Overview
Exhibits128: Check Point Software Technologies Ltd. - Product / Service
Exhibits129: Check Point Software Technologies Ltd. - Key news
Exhibits130: Check Point Software Technologies Ltd. - Key offerings
Exhibits131: Cisco Systems Inc. - Overview
Exhibits132: Cisco Systems Inc. - Business segments
Exhibits133: Cisco Systems Inc. - Key news
Exhibits134: Cisco Systems Inc. - Key offerings
Exhibits135: Cisco Systems Inc. - Segment focus
Exhibits136: CLEARDATA - Overview
Exhibits137: CLEARDATA - Product / Service
Exhibits138: CLEARDATA - Key offerings
Exhibits139: Clearwater Security and Compliance LLC - Overview
Exhibits140: Clearwater Security and Compliance LLC - Product / Service
Exhibits141: Clearwater Security and Compliance LLC - Key offerings
Exhibits142: Coalfire Systems Inc. - Overview
Exhibits143: Coalfire Systems Inc. - Product / Service
Exhibits144: Coalfire Systems Inc. - Key offerings
Exhibits145: Dragerwerk AG and Co. KGaA - Overview
Exhibits146: Dragerwerk AG and Co. KGaA - Business segments
Exhibits147: Dragerwerk AG and Co. KGaA - Key offerings
Exhibits148: Dragerwerk AG and Co. KGaA - Segment focus
Exhibits149: DXC Technology Co. - Overview
Exhibits150: DXC Technology Co. - Business segments
Exhibits151: DXC Technology Co. - Key offerings
Exhibits152: DXC Technology Co. - Segment focus
Exhibits153: Extreme Networks Inc. - Overview
Exhibits154: Extreme Networks Inc. - Product / Service
Exhibits155: Extreme Networks Inc. - Key news
Exhibits156: Extreme Networks Inc. - Key offerings
Exhibits157: Fortinet Inc. - Overview
Exhibits158: Fortinet Inc. - Product / Service
Exhibits159: Fortinet Inc. - Key offerings
Exhibits160: General Electric Co. - Overview
Exhibits161: General Electric Co. - Business segments
Exhibits162: General Electric Co. - Key news
Exhibits163: General Electric Co. - Key offerings
Exhibits164: General Electric Co. - Segment focus
Exhibits165: International Business Machines Corp. - Overview
Exhibits166: International Business Machines Corp. - Business segments
Exhibits167: International Business Machines Corp. - Key news
Exhibits168: International Business Machines Corp. - Key offerings
Exhibits169: International Business Machines Corp. - Segment focus
Exhibits170: Koninklijke Philips N.V. - Overview
Exhibits171: Koninklijke Philips N.V. - Business segments
Exhibits172: Koninklijke Philips N.V. - Key news
Exhibits173: Koninklijke Philips N.V. - Key offerings
Exhibits174: Koninklijke Philips N.V. - Segment focus
Exhibits175: Palo Alto Networks Inc. - Overview
Exhibits176: Palo Alto Networks Inc. - Product / Service
Exhibits177: Palo Alto Networks Inc. - Key news
Exhibits178: Palo Alto Networks Inc. - Key offerings
Exhibits179: Inclusions checklist
Exhibits180: Exclusions checklist
Exhibits181: Currency conversion rates for US$
Exhibits182: Research methodology
Exhibits183: Validation techniques employed for market sizing
Exhibits184: Information sources
Exhibits185: List of abbreviations