The Global Connected Medical Devices Security Market Report is a compilation of comprehensive research studies of various aspects of the Connected Medical Devices Security Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Connected Medical Devices Security market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Connected Medical Devices Security market and how they will evolve in the years to come.
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The connected medical devices security market, in terms of revenue, was valued at US$ 4,771.15 Mn in 2022 and is expected to reach US$ 20,656.58 Mn by 2030.. Microsoft Corporation, Cerner Corporation, GE Healthcare, Infosys Limited, Medtronic, STANLEY Healthcare, SAP SE, Extreme Networks, Inc., NantHealth, Inc., Nova Leah Ltd., Qualcomm Life, Inc., Cisco Systems, Inc., Lantronix, Inc, Koninklijke Philips N.V., Synopsys, Inc., Digi International Inc. and Drägerwerk AG & Co. KGaA amongst others.
There can be different security issues with the medical devices such as ethical, technological and privacy. The internet of things with various technologies can be used in distinctive applications. However, these technologies also have some security issues, which need to be addressed based on constraints and capabilities that IoT devices offer. With more adoption of internet of things by consumers and healthcare organizations, risks are set to increase in the upcoming years.
Interfacing with physicians and clinical data is very important in commercialization of connected medical devices. The data of the multiple devices is collected by the healthcare ecosystem. This consolidated data is then sent to hospital application interface, which would display this data to nurses and doctors. The medical interface system collects and integrates patient’s data automatically from various medical devices which is then sent to electronic medical system, for the diagnosis and treatment of patient. Owing to this flexibility of these devices and important application in the healthcare systems, interface devices has the largest market share in the 2017.
Increasing vulnerability of data thefts is expected to drive the connected medical devices security market. In the 2015, around US$ 113.2 Mn healthcare records were stolen globally and this was highest amount of healthcare data stolen in a single instance. It has been reported that, 36% of surveyed healthcare organizations had a security breach in the 2016 while 27% of the organizations were not aware of such practices.
Lack of awareness pertaining to data security is expected to critically impact the industry growth in the future years. Though many healthcare organizations are moving towards connected medical hospitals infrastructure in order to provide on time and best quality services, there still exists a huge gap that needs to be full filled by the developing nations specifically. Policies and regulations can help to increase security efforts but increased awareness is a key aspect in this industry. In order to achieve this, all the employees in the healthcare systems should be educated about security risks as they deal with medical services on regular basis.
Connected medical devices security is anticipated to provide significant opportunities in the patient engagement. By capturing health information and data from medical devices, alerts and reminders can be sent to organizations dealing with healthcare, thus improving the scope of the overall market and increasing its growth over the forecast period.
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Connected Medical Devices Security Market By Category (Telemetry Systems, Interface Devices, Integration/ Networking Platforms); By Technology (Wired, Hybrid, Wireless); By Security Type (Cloud Security, Wireless Security, Application Security, Network Security); By End User (Clinics, Hospitals, Diagnostic Centers, Home Healthcare, Laboratories); By Regional Outlook (U.S., Rest Of North America, France, UK, Germany, Spain, Italy, Rest Of Europe, China, Japan, India, Southeast Asia, Rest Of Asia Pacific, GCC Countries, Southern Africa, Rest Of MEA, Brazil, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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