Security of medical equipment, electronic health records, and patient information against loss, theft, or tampering is all included in healthcare cybersecurity. To guarantee the privacy, accuracy, and accessibility of sensitive medical data, it makes use of a range of procedures, rules, and technology. To prevent hacking and data breaches, defences such as intrusion detection systems, firewalls, and encryption are put in place. The protection of patient data, the avoidance of medical equipment theft, and regulatory compliance all depend on healthcare cybersecurity. It has advantages including lower fraud risk, improved patient privacy, and increased public confidence in the healthcare industry.
According to SPER market research, ‘US Healthcare Cybersecurity Market Size- By Threat Type, By Offering, By Security Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the US Healthcare Cybersecurity Market is predicted to reach USD XX Billion by 2033 with a CAGR of XX%.
US Healthcare Cybersecurity Market Driving Factors:
- Growing Cyberthreats: The need for cybersecurity solutions is being driven by the increase in the frequency and sophistication of cyberattacks on the healthcare industry. Cybercriminals now view the healthcare sector as a prime target because to the increasing digitization of data and processes within the sector.
- Regulatory Compliance: Healthcare organisations must have strong cybersecurity measures in place to protect patient data in order to comply with strict regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) in the US. Investments in cybersecurity solutions are driven by adherence to these rules.
- Adoption of Digital Health Technologies: As digital health technologies, such IoT devices, telemedicine platforms, and electronic health records (EHRs), become more widely used, the attack surface for cyber threats grows. To secure these technologies, healthcare organisations need all-encompassing cybersecurity solutions.
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US Healthcare Cybersecurity Market Challenges:
- Lack of Qualified Cybersecurity Experts: One major obstacle facing the healthcare sector is the lack of qualified cybersecurity experts.
- Healthcare companies have difficulty finding and keeping skilled cybersecurity professionals who can effectively handle changing cyberthreats.
- Legacy Systems and Infrastructure: A large number of healthcare institutions depend on infrastructure and legacy systems that might not have enough cybersecurity protections. Effective cybersecurity deployment can be hampered by the complexity and expense of retrofitting outdated systems with contemporary cybersecurity technologies.
- Budgetary Restrictions: When allocating funds for cybersecurity projects, healthcare organisations frequently encounter budgetary restrictions. Their inability to invest in thorough cybersecurity measures due to a lack of funds may make them more susceptible to cyberattacks.
COVID Impact: Due to the quick adoption of telehealth and remote labour, the COVID-19 pandemic increased cybersecurity concerns in the US healthcare industry. Phishing attempts, ransomware instances, and data breaches increased as a result of cybercriminals taking use of weaknesses in telehealth systems. Cybersecurity defences were further strained by the burden on healthcare resources and the attention that was diverted to the pandemic response. Healthcare companies had to deal with more financial and reputational harm as a result, which heightened the need for strong cybersecurity solutions to counteract changing threats.
Additionally, some of the market key players are Abnormal Security, Arctic Wolf Networks, Check Point Software, Cloudflare, Virta Labs, Others.
For More Information, refer to below link:-
USA Healthcare Cybersecurity Market Size
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