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Market Research Report

Medical Device Security Solutions Market by Device and Geography - Forecast and Analysis 2020-2024

Published by TechNavio (Infiniti Research Ltd.) Product code 917430
Published Content info 153 Pages
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Medical Device Security Solutions Market by Device and Geography - Forecast and Analysis 2020-2024
Published: November 21, 2019 Content info: 153 Pages
Description

About this market

Technavio's medical device security solutions market analysis considers sales from wearable and external medical devices, hospital medical devices, and internally embedded medical devices. Our study also finds the sales of medical device security solutions in APAC, Europe, MEA, North America, and South America. In 2018, the wearable and external medical devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing awareness about lifestyle disorders and familiarity with new technologically advanced devices will play a significant role in the wearable and external medical devices segment to maintain its market position. Also, our global medical device security solutions market report looks at factors such as growing concerns about healthcare data, growing adoption of IoT and connected devices in the health care industry, and stringent government regulations. However, use of outdated platforms in healthcare industry, lack of awareness regarding security and technical issues, and low expenditure on healthcare security may hamper the growth of the medical device security solutions industry over the forecast period.

Overview

Growing adoption of IoT and connected devices in the healthcare industry

Healthcare organizations are gradually moving toward creating a connected hospital infrastructure with the aid of IoT to provide timely and improved care. IoT is increasingly leveraged in the healthcare industry through various applications, including telemedicine, connected imaging, medication management, and inpatient monitoring. However, the increasing use of connected medical devices coupled with increasing deployment of IoT has made computer systems more vulnerable to cybersecurity threats. This is prompting stakeholders in the healthcare sector to increase their focus on improving network security and forming robust healthcare IT infrastructure. Thus, with the growing adoption of IoT and connected devices will lead to the expansion of the global medical device security solutions market at a CAGR of over 8% during the forecast period.

Increasing demand for cloud-based solutions

The deployment of cloud computing in the healthcare industry has increased considerably in recent years as it offers business agility, privacy, and security at lower costs. Cloud computing quickens the access of electronic medical records and enables the storage of clinical statistical data related to hospitals and clinics. Furthermore, factors including the rising need to comply with regulations, growing penetration of high-speed networks, and rising digital awareness are increasing the adoption of cloud-based solutions in the healthcare sector. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global medical device security solutions market during the forecast period 2020-2024, view our report.

Competitive Landscape

With the presence of several major players, the global medical device security solutions market is fragmented. Technavio's 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 manufacturers, that include Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA Networks Inc., CloudPassage Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McAfee LLC, and Palo Alto Networks Inc.

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 on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR40164

TABLE OF CONTENTS

PART 01 : EXECUTIVE SUMMARY

PART 02 : SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03 : MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value Chain Analysis
  • Market segmentation analysis

PART 04 : MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024

PART 05 : FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06 : MARKET SEGMENTATION BY DEVICE

  • Market segmentation by device
  • Comparison by device
  • Wearable and external medical devices - Market size and forecast 2019-2024
  • Hospital medical devices - Market size and forecast 2019-2024
  • Internally embedded medical devices - Market size and forecast 2019-2024
  • Market opportunity by device

PART 07 : CUSTOMER LANDSCAPE

PART 08 : GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09 : DECISION FRAMEWORK

PART 10 : DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11 : MARKET TRENDS

  • Growing geriatric population and prevalence of chronic diseases
  • Rising demand for self-medication and homecare medical devices
  • Increasing demand for cloud-based solutions

PART 12 : VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13 : VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Broadcom Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • ClearDATA Networks Inc.
  • CloudPassage Inc.
  • General Electric Co.
  • International Business Machines Corp.
  • Koninklijke Philips NV
  • McAfee LLC
  • Palo Alto Networks Inc.

PART 14 : APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15 : EXPLORE TECHNAVIO

LIST OF EXHIBITS:

  • Exhibit 01: Vendors: Key product offerings
  • Exhibit 02: Global systems software market
  • Exhibit 03: Segments of global systems software market
  • Exhibit 04: Market characteristics
  • Exhibit 05: Market segments
  • Exhibit 06: Market definition - Inclusions and exclusions checklist
  • Exhibit 07: Market size 2019
  • Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
  • Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
  • Exhibit 10: Five forces analysis 2019
  • Exhibit 11: Five forces analysis 2024
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2019
  • Exhibit 18: Device - Market share 2019-2024 (%)
  • Exhibit 19: Comparison by device
  • Exhibit 20: Wearable and external medical devices - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 21: Wearable and external medical devices - Year-over-year growth 2020-2024 (%)
  • Exhibit 22: Hospital medical devices - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 23: Hospital medical devices - Year-over-year growth 2020-2024 (%)
  • Exhibit 24: Internally embedded medical devices - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 25: Internally embedded medical devices - Year-over-year growth 2020-2024 (%)
  • Exhibit 26: Market opportunity by device
  • Exhibit 27: Customer landscape
  • Exhibit 28: Market share by geography 2019-2024 (%)
  • Exhibit 29: Geographic comparison
  • Exhibit 30: North America - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 31: North America - Year-over-year growth 2020-2024 (%)
  • Exhibit 32: Europe - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 33: Europe - Year-over-year growth 2020-2024 (%)
  • Exhibit 34: APAC - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 35: APAC - Year-over-year growth 2020-2024 (%)
  • Exhibit 36: South America - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 37: South America - Year-over-year growth 2020-2024 (%)
  • Exhibit 38: MEA - Market size and forecast 2019-2024 ($ millions)
  • Exhibit 39: MEA - Year-over-year growth 2020-2024 (%)
  • Exhibit 40: Key leading countries
  • Exhibit 41: Market opportunity
  • Exhibit 42: Impact of drivers and challenges
  • Exhibit 43: Vendor landscape
  • Exhibit 44: Landscape disruption
  • Exhibit 45: Vendors covered
  • Exhibit 46: Vendor classification
  • Exhibit 47: Market positioning of vendors
  • Exhibit 48: Broadcom Inc. - Vendor overview
  • Exhibit 49: Broadcom Inc. - Business segments
  • Exhibit 50: Broadcom Inc. - Organizational developments
  • Exhibit 51: Broadcom Inc. - Geographic focus
  • Exhibit 52: Broadcom Inc. - Segment focus
  • Exhibit 53: Broadcom Inc. - Key offerings
  • Exhibit 54: Check Point Software Technologies Ltd. - Vendor overview
  • Exhibit 55: Check Point Software Technologies Ltd. - Business segments
  • Exhibit 56: Check Point Software Technologies Ltd. - Organizational developments
  • Exhibit 57: Check Point Software Technologies Ltd. - Geographic focus
  • Exhibit 58: Check Point Software Technologies Ltd. - Segment focus
  • Exhibit 59: Check Point Software Technologies Ltd. - Key offerings
  • Exhibit 60: Cisco Systems Inc. - Vendor overview
  • Exhibit 61: Cisco Systems Inc. - Business segments
  • Exhibit 62: Cisco Systems Inc. - Organizational developments
  • Exhibit 63: Cisco Systems Inc. - Geographic focus
  • Exhibit 64: Cisco Systems Inc. - Segment focus
  • Exhibit 65: Cisco Systems Inc. - Key offerings
  • Exhibit 66: ClearDATA Networks Inc. - Vendor overview
  • Exhibit 67: ClearDATA Networks Inc. - Business segments
  • Exhibit 68: ClearDATA Networks Inc. - Organizational developments
  • Exhibit 69: ClearDATA Networks Inc. - Key offerings
  • Exhibit 70: CloudPassage Inc. - Vendor overview
  • Exhibit 71: CloudPassage Inc. - Business segments
  • Exhibit 72: CloudPassage Inc. - Organizational developments
  • Exhibit 73: CloudPassage Inc. - Key offerings
  • Exhibit 74: General Electric Co. - Vendor overview
  • Exhibit 75: General Electric Co. - Business segments
  • Exhibit 76: General Electric Co. - Organizational developments
  • Exhibit 77: General Electric Co. - Geographic focus
  • Exhibit 78: General Electric Co. - Segment focus
  • Exhibit 79: General Electric Co. - Key offerings
  • Exhibit 80: International Business Machines Corp. - Vendor overview
  • Exhibit 81: International Business Machines Corp. - Business segments
  • Exhibit 82: International Business Machines Corp. - Organizational developments
  • Exhibit 83: International Business Machines Corp. - Geographic focus
  • Exhibit 84: International Business Machines Corp. - Segment focus
  • Exhibit 85: International Business Machines Corp. - Key offerings
  • Exhibit 86: Koninklijke Philips NV - Vendor overview
  • Exhibit 87: Koninklijke Philips NV - Business segments
  • Exhibit 88: Koninklijke Philips NV - Organizational developments
  • Exhibit 89: Koninklijke Philips NV - Geographic focus
  • Exhibit 90: Koninklijke Philips NV - Segment focus
  • Exhibit 91: Koninklijke Philips NV - Key offerings
  • Exhibit 92: McAfee LLC - Vendor overview
  • Exhibit 93: McAfee LLC - Business segments
  • Exhibit 94: McAfee LLC - Organizational developments
  • Exhibit 95: McAfee LLC - Key offerings
  • Exhibit 96: Palo Alto Networks Inc. - Vendor overview
  • Exhibit 97: Palo Alto Networks Inc. - Business segments
  • Exhibit 98: Palo Alto Networks Inc. - Organizational developments
  • Exhibit 99: Palo Alto Networks Inc. - Geographic focus
  • Exhibit 100: Palo Alto Networks Inc. - Segment focus
  • Exhibit 101: Palo Alto Networks Inc. - Key offerings
  • Exhibit 102: Validation techniques employed for market sizing
  • Exhibit 103: Definition of market positioning of vendors
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