Healthcare IOT Security Market

Rising adoption of loMT in healthcare industry is driving the market growth

The healthcare sector has unavoidably been affected by the Internet of Things. The healthcare sector is seeing an increase in health-connected devices and the expansion of the connected medical device market as linked technology becomes more pervasive in daily life. With the use of connected medical equipment and medical mobile applications, IOMT integrates data (patient information or performance data), people (patients, clinicians, and carers), and processes (healthcare delivery and patient support).

As they provide various advantages like real-time patient monitoring, more individualised care, and increased safety, linked devices and IOMT are being adopted by patients and providers in the healthcare sector.

The requirement for real-time data processing of patient records is driving growth in the healthcare IoT security market internationally. Customers are more likely to plan healthcare appointments online through hospital services that keep a timetable between the patient and the doctor. By eliminating the waiting list, this saves time for both patients and physicians. Because patient-doctor confidentiality is a problem for all 213 nations in the world, HIPPA training is required of hospital staff in order for them to uphold security.

Nowadays, our smartphones and watches serve as health monitoring devices, monitoring things like blood pressure, glucose, insulin, oxygen, and heart rate. These devices need to be protected to prevent cybercrimes.

The epidemic has expedited a huge technology transition in the healthcare sector that already exists. Internet-connected devices, or IoT devices, have recently gained popularity in the healthcare industry and have taken on significant importance in patient care. IoT devices are now used in the fields of wearable, implantable, and other healthcare-related devices such as surveillance cameras, thermometers, and smartpens. The majority of hospitals and other healthcare facilities profit from these IoT device kinds.

Despite the advantages, speed, and information that IoT in healthcare has brought to the industry, it has also brought about a great deal of risk, endangering both healthcare providers and even patients. IoT hardware is not made with security in mind. The cyber security of medical devices is not certified or standardised. Without a solution created for IoT security, it is practically hard to develop a unified security policy, update software, or even apply strong passwords on IoT devices because they lack standardised interfaces and controls.

As a result, it is anticipated that demand for healthcare IoT security would rise.Thus, driving the Healthcare IoT Security market revenue.

The Global Healthcare IoT Security Market Industry is projected to experience substantial growth over the coming years. In 2024, the market is valued at 0.59 USD Billion, with expectations to reach approximately 3.96 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 18.89% from 2025 to 2035. Factors contributing to this growth include the increasing prevalence of cyber threats, regulatory compliance demands, and the rising adoption of IoT devices in healthcare. As organizations prioritize the security of their IoT ecosystems, the market is likely to expand significantly, reflecting the critical importance of safeguarding patient data and healthcare systems.

The Global Healthcare IoT Security Market Industry is increasingly driven by the rising threats of cyberattacks targeting healthcare systems. As healthcare organizations adopt IoT devices for patient monitoring and data management, the potential for breaches escalates. In 2024, the market is valued at 0.59 USD Billion, reflecting the urgent need for robust security measures. Cybersecurity incidents can lead to significant financial losses and compromise patient safety, prompting healthcare providers to invest in advanced security solutions. This trend is expected to continue, as the industry anticipates a compound annual growth rate of 18.89% from 2025 to 2035, reaching an estimated 3.96 USD Billion by 2035.

The Global Healthcare IoT Security Market Industry is experiencing substantial growth due to the increased adoption of IoT devices in healthcare settings. These devices, ranging from wearable health monitors to smart medical equipment, facilitate real-time patient monitoring and data collection. However, the proliferation of these devices also raises security concerns, as they can be vulnerable to cyber threats. Consequently, healthcare providers are compelled to invest in IoT security solutions to safeguard sensitive patient information. This trend is expected to contribute to the market's expansion, with projections indicating a rise from 0.59 USD Billion in 2024 to 3.96 USD Billion by 2035.

The Global Healthcare IoT Security Market Industry is significantly influenced by stringent regulatory compliance requirements. Governments worldwide are implementing regulations to ensure the security of patient data and the integrity of healthcare systems. For instance, regulations such as the Health Insurance Portability and Accountability Act (HIPAA) in the United States mandate strict data protection measures. Compliance with these regulations necessitates the adoption of advanced IoT security solutions, thereby driving market growth. As healthcare organizations strive to meet these regulatory standards, the demand for comprehensive security frameworks is likely to increase, further propelling the market forward.

The Global Healthcare IoT Security Market Industry is influenced by the emergence of innovative technologies such as artificial intelligence and machine learning. These technologies are being integrated into IoT security solutions to enhance threat detection and response capabilities. By leveraging AI and machine learning, healthcare organizations can analyze vast amounts of data to identify potential security breaches in real-time. This proactive approach to security is becoming essential as the complexity of cyber threats evolves. The integration of these technologies is expected to bolster the market, as organizations seek to adopt cutting-edge solutions to safeguard their IoT infrastructures.

The Global Healthcare IoT Security Market Industry is further propelled by the growing demand for remote patient monitoring solutions. As healthcare providers seek to enhance patient care and reduce hospital visits, IoT devices play a crucial role in enabling continuous monitoring of patients' health conditions. However, this shift towards remote monitoring introduces new security challenges, as sensitive health data is transmitted over networks. To address these challenges, healthcare organizations are increasingly investing in IoT security measures to protect patient data from unauthorized access. This trend is likely to drive market growth, with an anticipated CAGR of 18.89% from 2025 to 2035.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Healthcare IoT Security Market dominated this market in 2022 (45.80%). Because more IoT medical devices are being adopted in the area, there is a growing requirement for solutions to stop ransomware threats and other cyber security attacks. Rising medical cost-cutting activities, the security of data transfer on health IoT devices, and a switch from a fee-for-service to a value-based strategy have all tremendously benefited the sector. Further, the U.S.

Healthcare IoT Security market held the largest market share, and the Canada Healthcare IoT Security market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: HEALTHCARE IOT SECURITY MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Healthcare IoT Security market accounted for the healthy market share in 2022. Technological advancements and various government efforts promoting the use of digital platforms are the main factors driving the most substantial revenue share in the life sciences sector. The business is also fueled by numerous projects initiated to advance clinical and eHealth interoperability.Further, the German Healthcare IoT Security market held the largest market share, and the U.K Healthcare IoT Security market was the fastest growing market in the European region.

The Asia Pacific Healthcare IoT Security market is expected to register significant growth from 2023 to 2032. on accommodate the different demographics of countries like China, India, South Korea, and others, the governments give priority on eHealth solutions. The Chinese government, according to the 2020 report, uses telemedicine and digital healthcare to help in remote and rural areas. India's growth is predicted to pick up during the projection period. India's rapidly growing population and the government's large digital investments are opening up tremendous opportunities for the healthcare industry.

Moreover, China’s Healthcare IoT Security market held the largest market share, and the Indian Healthcare IoT Security market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Healthcare IoT Security market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Healthcare IoT Security Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Healthcare IoT Security Industry to benefit clients and increase the market sector. In recent years, the Healthcare IoT Security Industry has offered some of the most significant advantages to medicine.

Major players in the Healthcare IoT Security market, including Inside Secure SA, IBM Corporation, Cisco Systems Inc., Intel Corporation, Oracle Corporation, Sophos Group Plc, Symantec Corporation, Trend Micro Inc., Checkpoint Software Technology, Kaspersky Labs, Fortinet Inc, Intelen Inc., Eurotech SpA, Deutsche Telekom AG, SecureFLO LLC, Dell Corporation, Atmel Corporation, Security Mentor, Klynveld Peat Marwick Goerdeler, and Agile Cyber Security Solutions, LLC, are attempting to increase market demand by investing in research and development operations.

GE HealthCare Technologies Inc. (GE HealthCare) is a leading provider of medical devices, specialising in the design, development, production, and distribution of  diagnostic imaging, clinical systems, drug discovery, biopharmaceutical production, cellular technologies, imaging agents for use in medical scanning, and a variety of healthcare IT products. Additionally, GE HealthCare offers services including computerised data management, performance enhancement and performance solutions, and remote diagnosis and repair services for medical devices made by the business and others. The corporation uses subsidiaries and affiliates to run its operations all over the world. Chicago, Illinois, in the United States, serves as the company's headquarters.

In order to serve patients with chronic and post-acute care, GE Healthcare and AMC Health joined in October 2022.

Microsoft Corp. (Microsoft) offers a variety of software-related services, including development, licencing, and support. The company offers a wide range of server applications, desktop and server administration tools, video games, cross-device productivity tools, business solution tools, and operating systems. It also offers training and certification services. It also develops, manufactures, and sells hardware products like PCs, tablets, game consoles, and other cutting-edge technology. Among the many services the business provides are consulting, cloud-based solutions, and solution support.

Microsoft markets, distributes, and sells its goods through original equipment manufacturers, distributors, resellers, online marketplaces, Microsoft stores, and other partner channels. The business has operations in the Americas, Europe, Asia-Pacific, Middle East, and Africa. The headquarters of Microsoft are located in Redmond, Washington, in the United States. In March 2022, Microsoft announced breakthroughs in cloud technology for healthcare and the life sciences, including the general availability of Azure Health Data Services and upgrades to Microsoft Cloud for Healthcare.