Market Research Report
United States Healthcare IOT Security Market Forecast 2021-2026
|Published by||Inkwood Research||Product code||980913|
|Published||Content info||126 Pages
Delivery time: 2-3 business days
|United States Healthcare IOT Security Market Forecast 2021-2026|
|Published: January 11, 2021||Content info: 126 Pages||
The United States healthcare IoT security market is projected to record a CAGR of 21.05%, during the forecast years. The country's market growth is reinforced by the widespread implementation of cybersecurity solutions, the rising use of advanced technology, and the increasing popularity of personalized medicine. The base year considered for the market study is 2020, and the forecast period is from 2021 to 2026.
The United States' overall healthcare sector's profits are expected to increase with an anticipated rate of 5%, annually, by the year 2024. Moreover, this figure depicts the swiftest growth across the country's MedTech and healthcare information technology (IT). In addition, healthcare IT revenues are anticipated to increase to $28 billion, from $14 billion, during the upcoming five years. The performance of the United States' healthcare ecosystem is substantially affected by the surging acceptance and popularity of personalized medicine, the usage of enhanced technologies, and the requirement for prolonged care delivery sites.
The IoT Cybersecurity Improvement Act, mainly led under bipartisan sponsorship by Reps., Will Hurd and Robin Kelly, may require federal procurement and the use of IoT devices to align with basic security needs. Moreover, the act was unanimously passed by the House and the Senate, in September 2020, and November 2020, respectively. As a result, these factors are anticipated to propel the United States healthcare IoT security market growth, during the forecast years.
Some of the prominent companies operating in the country's market include, Microsoft Corporation, Broadcom, Intel Corporation, Fortinet Inc, etc.