Medical Device Security Market to Surge to $14.2B by 2032 Amid Cybersecurity Concerns
TL/DR –
The medical device security market is projected to increase from $6.6 billion in 2023 to $14.2 billion by 2032, reflecting a compound annual growth rate of 8.9%. This growth is attributed to rising demand for connected healthcare devices and the necessity to protect patient data from cyber threats. The fastest growth is anticipated in the Asia-Pacific region due to substantial investments in healthcare infrastructure and the increasing adoption of connected medical devices in countries like China, Japan, and India.
Medical Device Security Market Worth $14.2b by 2032
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The medical device security market, projected to reach $14.2b by 2032 from $6.6b in 2023, is experiencing notable growth.
This growth, representing an 8.9% compound annual growth rate (CAGR) from 2024 to 2032, reflects the rising demand for connected healthcare devices and an imminent need to safeguard sensitive patient data from cyber threats.
Furthermore, increased regulatory requirements for healthcare organisations to strengthen cybersecurity measures are propelling the market’s expansion.
The Asia-Pacific region, with substantial healthcare infrastructure investment and growing adoption of connected medical devices in China, Japan, and India, is expected to witness the fastest growth.
Heightened awareness of cybersecurity threats and advancing regulatory standards are prompting healthcare providers to invest robustly in medical device security solutions.
Regional and international companies are broadening their operations in the Asia-Pacific market, customising solutions to address specific challenges faced by healthcare institutions in this evolving environment.
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