Connected Medical Devices Security Market: Introduction

In recent years healthcare industry has witnessed increasing penetration of medical devices connected and communicating with each other such as wireless monitoring services, and these devices are increasingly been adopted by the healthcare industry. But with the adoption of these technologies, a new hostile environment has emerged posing threat to the security of these devices connected to networks and prone to cyber-attacks and security breaches, which is why a need for security of connected medical devices has emerged so as to protect against unauthorized access and cyber-attacks.

Connected Medical Devices Security Market: Market Dynamics

The US Federal Drug Administration (FDA) has issued guidelines for the security of connected medical devices which will force medical device manufacturers to implement set of practices ensuring the security of medical devices from cyber-attacks and unauthorized access. The guidelines will create awareness among the healthcare professionals to prepare against these security issues and invest on security devices hence will drive the demand for connected medical devices security market. Increasing adoption of medical devices connected via IoT will increase vulnerability against these security breaches and will increase the need for connected medical devices security.

Connected Medical Devices Security Market Segmentation

Segmentation of Connected Medical Devices Security Market on the basis of component:

  • Hardware
  • Software
  • Network Components

Segmentation of Connected Medical Devices Security Market on the basis of end user:

  • Hospitals
  • Laboratories
  • Clinics

Segmentation of Connected Medical Devices Security Market on the basis of geography:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands,Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, South Africa, North Africa)

Regional Overview

On the basis of geography, connected medical devices security market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the connected medical devices security market in North America is expected to dominate during the forecast period because of strong presence of companies from healthcare industry and presence of companies providing connected medical devices security solutions in the region. North America region is expected to be followed by Western Europe and APEJ. APEJ is expected to drive the demand for connected medical devices security market, supported by increasing penetration of healthcare companies in the region.

The US Federal Drug Administration (FDA) guidelines for implementation of connected medical devices security supported by increasing awareness among healthcare professionals for implementation of these security devices will drive the demand for connected medical devices security market. Increasing usage of medical devices connected via IoT in the healthcare sector will increase the risk of these security issues which in turn will force more and more healthcare professionals to implement security solutions for connected medical devices and will support in the increase in demand for connected medical devices security market. Lack of awareness among healthcare professionals about the availability and offered benefits from these security devices will affect the demand for connected medical devices security market.

Competitive Landscape

Some of the major players in the field of connected medical devices security include UL LLC, Whitescope Limited, Battelle, Coalfire Systems Inc., Drager Medical GmbH, Extreme Networks Inc., Synopsys Inc. etc.

The report covers exhaustive analysis on:

  • Connected Medical Devices Security Market Segments
  • Connected Medical Devices Security Market Dynamics
  • Historical Actual Market Size, 2014 - 2016
  • Connected Medical Devices Security Market Size & Forecast 2017 To 2027
  • Supply & Demand Value Chain
  • Connected Medical Devices Security Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Connected Medical Devices Security Technology
  • Connected Medical Devices Security Value Chain
  • Connected Medical Devices Security Market Drivers and Restraints

Regional analysis for Connected Medical Devices Security Market includes

  • Connected Medical Devices Security Market by North America
    • US & Canada
  • Connected Medical Devices Security Market by Latin America
    • Brazil, Argentina & Others
  • Connected Medical Devices Security Market by Western Europe
    • EU5
    • Nordics
    • Benelux
  • Connected Medical Devices Security Market by Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Connected Medical Devices Security Market by Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Connected Medical Devices Security Market by Japan
  • Connected Medical Devices Security Market by the Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Connected Medical Devices Security Market

Pre Book