Technavio has been monitoring the medical device security solutions market and it is poised to grow by USD 301.04 million during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Medical Device Security Solutions Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA Networks Inc., CloudPassage Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McAfee LLC, and Palo Alto Networks Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The growing adoption of IoT and connected devices has been instrumental in driving the growth of the market.
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Medical Device Security Solutions Market 2020-2024: Segmentation
Medical Device Security Solutions Market is segmented as below:
- Wearable and External Medical Devices
- Hospital Medical Devices
- Internally Embedded Medical Devices
- North America
- South America
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Medical Device Security Solutions Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The medical device security solutions market report covers the following areas:
- Medical Device Security Solutions Market Size
- Medical Device Security Solutions Market Trends
- Medical Device Security Solutions Market Analysis
This study identifies the increasing demand for cloud-based solutions as one of the prime reasons driving the medical device security solutions market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Medical Device Security Solutions Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist medical device security solutions market growth during the next five years
- Estimation of the medical device security solutions market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the medical device security solutions market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of medical device security solutions market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value Chain Analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY DEVICE
- Market segmentation by device
- Comparison by device
- Wearable and external medical devices – Market size and forecast 2019-2024
- Hospital medical devices – Market size and forecast 2019-2024
- Internally embedded medical devices – Market size and forecast 2019-2024
- Market opportunity by device
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing geriatric population and prevalence of chronic diseases
- Rising demand for self-medication and homecare medical devices
- Increasing demand for cloud-based solutions
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Broadcom Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- ClearDATA Networks Inc.
- CloudPassage Inc.
- General Electric Co.
- International Business Machines Corp.
- Koninklijke Philips NV
- McAfee LLC
- Palo Alto Networks Inc.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.