Global Healthcare Cyber Security Market Share, Size, Growth, Trends, Outlook and Forecast to 2022: Acute Market Reports

Healthcare Cyber Security Market Overview:

Worldwide healthcare cyber security market volume was evaluated at nearly about 5.48 million US dollars in year 2014 and is predicted to observe good market growth during the forecasted span. Key aspects contributing to the fast expansion and growth of the industry includes growing threats of cyber crimes, security compliance and regulatory control issues as well as issues pertaining to leaking of confidential information from within the firm caused by the internal aspects as well as external aspects. Further, few of the growing examples such as patient intrusion, intellectual property thefts, confidentialities of business, loss & damage of electronic records of patients, medical identity fraud, social security records and health records of patients are also predicted to enhance the product utilization in the area of healthcare sector during the estimated period.

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As per the estimates published by the ponemon institute, the normal cost of data infringe in a hospice was greater than 1.96 million US dollars, with costs growing with the volume of healthcare firm. The lack of adequate spending on information technology sector by healthcare firms and lack of consciousness about the cyber crimes are the main reasons contributing towards the growing attacks on healthcare firms. The global impact of these cyber attacks on healthcare systems and hospices is predicted to be nearly 5.96 billion yearly in terms of total income. Patient insurance and medical documentations are the main aspects responsible for such cyber attacks.

Healthcare Cyber Security Market By End Use:

The trend of cyber attacks on medical equipment producers, insurance firms and pharmaceuticals is rising all across the world. But the greatest impact has been observed by the USA based firms. In year 2013, firms like St Jude Medical, Medtronic and...