Valued to be $7 Billion by 2026, Medical Device Security Slated for Strong Growth Worldwide
SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Medical Device Security - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 5612
Companies: 18 - Players covered include CA Technologies, Inc.; Check Point Software Technologies Ltd.; Cisco Systems, Inc.; ClearDATA; CloudPassage, Inc.; DXC Technology Company; FireEye, Inc.; Fortinet, Inc.; GE Healthcare; IBM Corporation; Imperva, Inc.; Koninklijke Philips NV; McAfee LLC; Palo Alto Networks, Inc.; Sophos Ltd.; Symantec Corporation; Zscaler, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Healthcare Provider, Medical Device Manufacturers, Healthcare Payers); Security Type (Application Security, Endpoint Security, Network Security, Cloud Security, Other Security Types); Segment (Services, Solutions)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Medical Device Security Market to Reach $7 Billion by 2026
Amid the COVID-19 crisis, the global market for Medical Device Security estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$7 Billion by 2026, growing at a CAGR of 7.2% over the analysis period. Services, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$5.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solutions segment is readjusted to a revised 7.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion in 2021, While China is Forecast to Reach $1.2 Billion by 2026
The Medical Device Security market in the U.S. is estimated at US$1.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2026 trailing a CAGR of 6.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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