Healthcare Cybersecurity Market Growth Prospects, Competitive Analysis, Upcoming Trend and Forecast 2032
The global size for Healthcare Cybersecurity Market reached USD 13.42 Billion in 2022 and is projected to attain USD 80.35 Billion by 2032, experiencing a substantial compound annual growth rate (CAGR) of 22% throughout the forecast period. Key drivers for this remarkable revenue growth include the escalating frequency of cyberattacks and data breaches within the healthcare industry, a heightened embrace of advanced cybersecurity solutions, and the widespread adoption of 5G technology. The healthcare sector's rapid integration of Electronic Health Records (EHRs), Telemedicine, and various digital technologies has concurrently heightened the susceptibility to cyber threats.
Moreover, the demand for wearables and other Remote Patient Monitoring devices connected to the Internet has increased the vulnerability of healthcare institutions to cyberattacks. Cybercriminals are specifically targeting healthcare businesses to pilfer crucial patient data, encompassing both personal and medical information, which can be exploited for fraudulent activities or identity theft. Consequently, there is an urgent and amplified need within the healthcare sector for robust and dependable cybersecurity solutions.
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