Medical Device Security Market: By Component (Solutions (Identity & Access Management (IAM), Antivirus/Antimalware, Risk & Compliance, Management, Encryption, Intrusion Detection System/Intrusion Prevention System (IDS/IPS), Data Loss Prevention (DLP), Disaster Recovery, Distributed Denial of Service (DDoS), Other Solutions (Firewall, Patch Management, Unified Threat Management (UTM), SIEM, and Security & Vulnerability Management), Services (Professional Services, Consulting, Support & Maintenance, Design & Integration, Training and Education Services, Managed security services)), By Type (Application Security, Endpoint Security, Network Security, Cloud Security, Other Security Types (Email, Web, and Database Security)), By Device Type (Hospital Medical Devices, Internally Embedded Medical Devices, Wearable and, External Medical Devices), By End User (Healthcare Providers, Medical Device Manufacturers, Healthcare Payers) and Geography

Medical Device Security Market size was valued at USD 7,450.1 million in 2022. It is expected to reach a value of USD 13,751.7 million by 2028, growing at a CAGR of 9.15% from 2023 to 2029. Any equipment meant to be used for medical reasons is considered a medical device. Since utilizing a device for medical purposes carries significant risk, medical devices must be demonstrated to be safe and effective with a high degree of confidence before regulatory bodies permit the device to be marketed in their nation. Generally speaking, the more testing needed to prove a gadget's safety and efficacy, the higher the associated risk of the device. Furthermore, the patient's potential benefit must rise in tandem with the related risk.

The global market provides a detailed overview of the medical device security market and that can be segmented by component, type, device type, and end-user. By component, the medical device security market has been segmented into solutions and services. The solution segment is further segmented into identity & access management (IAM), antivirus/antimalware, risk & compliance management, encryption, intrusion detection system/intrusion prevention system (IDS/IPS), data loss prevention (DLP), disaster recovery, distributed denial of service (DDoS) and other solutions (firewall, patch management, unified threat management (UTM), SIEM, and security & vulnerability management). The services segment is further bifurcated into professional services, consulting, support & maintenance, design & integration, training and education services and managed security services. The solution segment is likely to be the largest and fastest-growing segment in the market.

Medical Device Security Market Key Developments:

• In Feb 2020, Skeye, a new medical device cybersecurity offering from GE Healthcare, is designed to help health systems protect themselves against risk.