, APAC
Photo by MART PRODUCTION via Pexels

Medical device security market projected to reach $14.2b by 2032

It is currently valued at $6.6b in 2023.

The medical device security market, currently valued at $6.6b in 2023, is projected to reach $14.2b by 2032, according to a report by SNS Insider. This growth reflects a compound annual growth rate (CAGR) of 8.9% during the forecast period from 2024 to 2032.

The surge in market value is attributed to the increasing demand for connected healthcare devices and the urgent need to protect sensitive patient data from cyber threats. 

Additionally, heightened regulatory requirements for healthcare organisations to bolster cybersecurity measures are further driving the expansion of the market.

The Asia-Pacific region is anticipated to experience the fastest growth within the forecast period, spurred by substantial investments in healthcare infrastructure and the rising adoption of connected medical devices in countries such as China, Japan, and India. 

As awareness of cybersecurity threats grows and regulatory standards evolve, healthcare providers in the region are increasingly investing in medical device security solutions.

Both regional and international companies are expanding their operations in the Asia-Pacific market, tailoring solutions to meet the specific challenges faced by healthcare institutions in this dynamic environment.

Join Healthcare Asia Magazine community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Saudi’s KFSHRC banks on innovation to transform healthcare
The hospital is accelerating adoption of emerging technologies to position itself as a global leader in medicine
Angkor Hospital eyes trauma centre for children
The facility will have an ICU, emergency room, operating theatre and a surgical ward.