Global Medical Device Security Market Latest Advancements and Industry Outlook 2018 to 2023


Global Medical Device Security Market to Expand at a Noteworthy CAGR of 8.8% during 2017 to 2023: Pune, India, November 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Medical Device Security Market.


Market Synopsis:
The incidences of cyber-attacks and theft of personal data have increased significantly in past few years due to rapid adoption of technologically advanced medical devices that are connected through IoT in the healthcare sector of various developing and developed regions, leading to the emergence of robust security solutions. Market Research Future (MRFR) has published a report asserting that the global medical device security market is marked to expand at a noteworthy CAGR of 8.8% during the forecast period of 2017-2023 and reach the valuation of USD 556.5 Mn by the end of the forecast period from USD 335.5 Mn in the year 2017.

Rapid adoption of connected medical devices in the healthcare sector of developed and developing regions has increased the concerns regarding theft of personal medical data. Rise in incidences of cybercrime and misuse of personal data is inducing high demand for advanced medical device security modules, leading to the significant expansion of the global medical device security market. However, low penetration of technologically advanced medical devices, lack of awareness regarding the availability of advanced healthcare data security solutions and low healthcare budgets are likely to act as restraints on the expansion of the global medical device security market during the forecast period.

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