Latest Industry study on Contract Research Organizations , Industry Medical Device SecurityMarket upto 2025: Top Comp

Global Medical Device Security Market Analysis by Type (Network Security, Endpoint Security,
Application Security, Cloud Security and Others); by Device Type (Hospital Medical Devices, Wearable
and External Medical Devices, Internally Embedded Medical Devices); by Offerings (Services and
Solutions); by End-Use (Healthcare Providers, Medical Device Manufacturers and Healthcare Players)
and by Geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) to
2025
The medical device security market has been witnessing significant growth over the past few years
owing to rise connected medical devices coupled with the government regulations and need for
compliance, increasing IoT penetration and adoption of BYOD, growing geriatric population and
subsequent growth in the chronic disease management. In addition, increasing penetration of medical
devices connected and communicating to each other along with the mandates and regulations for the
secured networks for connected medical devices is expected to bolster the market growth in the coming
years. Furthermore, increasing interest of key players in the development of advanced devices is
expected to offer significant growth opportunities during next few years. However, lack of budget for
healthcare IT security are expected to restraint the market growth during the forecast period.
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Medical devices, like other computer systems can be vulnerable to security breaches, potentially
impacting the safety and effectiveness of the device. Organizations are adding more and more
connected medical devices to the Healthcare IT infrastructure, which are increasing the scope for raising
concerns about device security. Networks are becoming more and more vulnerable to new and
sophisticated threats such as malware, Trojans and many more. Additionally, the trend of bring your
own device (BYOD) social media usage and cloud synchronizing tools are also driving the demand. In the
recent years, increase instances of cyberattacks and threats is creating demand for medical device
security, thus enhancing the market revenue.