How big is the Healthcare Cyber Security Market?

The Healthcare Cyber Security Market size is expected to reach USD 29.53 billion in 2024 and grow at a CAGR of 15.32% to reach USD 60.24 billion by 2029. Read More

What is the current Healthcare Cyber Security Market size?

In 2024, the Healthcare Cyber Security Market size is expected to reach USD 29.53 billion. Read More

Who are the key players in Healthcare Cyber Security Market?

Cisco Systems Inc., IBM Corporation, AO Kaspersky Lab, Broadcom Inc. (Symantec) and McAfee Inc. are the major companies operating in the Healthcare Cyber Security Market. Read More

Which is the fastest growing region in Healthcare Cyber Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Healthcare Cyber Security Market?

In 2024, the North America accounts for the largest market share in Healthcare Cyber Security Market. Read More

What years does this Healthcare Cyber Security Market cover, and what was the market size in 2023?

In 2023, the Healthcare Cyber Security Market size was estimated at USD 25.01 billion. The report covers the Healthcare Cyber Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Healthcare Cyber Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Healthcare Cyber Security Market Trends

Statistics for the 2023 & 2024 Healthcare Cyber Security market trends, created by Mordor Intelligence™ Industry Reports. Healthcare Cyber Security trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Healthcare Cyber Security Industry

Risk and Compliance Management Largest Solution Segment

Risk and compliance management is the largest solution segment in the Healthcare Cyber Security Market, driven by increasing regulatory pressures and the need to protect sensitive patient data. In 2021, this segment accounted for 28.97% of the market share, underscoring its dominance.

Revenue Generation: The risk and compliance management segment generated USD 5.41 billion in 2021, capturing 28.95% of the market. This figure is expected to rise to USD 15.27 billion by 2027, with a projected CAGR of 18.88%.
Regulatory Pressure: The complexity of evolving cyber threats and compliance with regulations such as HIPAA are key drivers for the segment’s growth. Healthcare’s high data breach costs, highlighted by IBM's report, further emphasize the need for robust compliance frameworks.
Growing Awareness: The importance of risk and compliance management solutions is growing among healthcare organizations, exemplified by partnerships like that between SailPoint and Canadian healthcare providers, which address data residency and streamline identity management.
Compliance Solutions: As cyber threats evolve and regulations tighten, the demand for comprehensive risk and compliance management solutions will continue to grow, securing the segment’s leading position in the market.

Healthcare Cyber Security Market: Ransomware Attacks, by Sector, United States, 2023

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Asia-Pacific: Fastest-Growing Regional Segment

The Asia-Pacific region has emerged as the fastest-growing segment in the Healthcare Cyber Security Market, driven by rapid healthcare digitization, rising cyber threats, and increasing data protection awareness.

Market Value: In 2021, the Asia-Pacific healthcare cybersecurity market was valued at USD 3.92 billion, representing 20.97% of the global market. The region is projected to reach USD 12.08 billion by 2027, with a CAGR of 20.63%.
Technology Adoption: The region’s rapid adoption of digital health technologies, such as telehealth and AI-driven healthcare solutions, necessitates more robust cybersecurity infrastructure. For instance, Singapore’s Woodlands Health Campus will heavily rely on telehealth, robotics, and AI.
Cyber Threats: High-profile breaches like the 2018 SingHealth data breach, which affected 1.5 million patients, and the 2021 attack on Eye & Retina Surgeons have fueled investments in cybersecurity across the region.
Cloud-Based Solutions: The adoption of cloud platforms for managing patient information is simplifying the implementation of cybersecurity protocols in the Asia-Pacific healthcare sector, accelerating market growth.