GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Medtech Industry Statistics

The Medtech industry is projected to spend over $125 billion on cybersecurity measures by 2025 to safeguard sensitive patient data and medical devices from cyber threats.

Statistic 1

"The global healthcare cybersecurity market is expected to reach $26.1 billion by 2027, growing at a CAGR of 19.8% from 2020 to 2027."

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Statistic 2

"The number of cybersecurity incidents in the healthcare industry has increased by about 45% since 2018."

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Statistic 3

"59% of medtech companies have experienced a cybersecurity incident that compromised clinical operations."

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Statistic 4

"48% of medical devices are likely to be outdated and vulnerable to security risks."

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Statistic 5

"Cybersecurity risks in the medtech industry can affect up to 3.7 million patients annually."

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Statistic 6

"On average, healthcare organizations take about 329 days to discover and contain a data breach."

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Statistic 7

"20% of healthcare organizations experienced downtime due to cybersecurity incidents."

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Statistic 8

"The average cost of addressing a healthcare data breach in 2020 was $7.13 million, the highest among all sectors."

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Statistic 9

"70% of medtech companies reported not having clear oversight or receipt of critical security alerts from their medical devices."

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Statistic 10

"The U.S experienced 91% of all global healthcare breaches, which is about 467 breaches in 2020 alone."

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Statistic 11

"Only about 17% of healthcare organizations have fully deployed an incident response plan."

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Statistic 12

"More than 38% of healthcare providers experienced a ransomware attack in 2019."

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Statistic 13

"33% of medtech companies have not done a comprehensive risk assessment for a cybersecurity event."

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Statistic 14

"By 2023, spending on cybersecurity technology in healthcare is expected to exceed $65 Billion."

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Statistic 15

"93% of healthcare organizations reported data breaches over the past three years."

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Statistic 16

"Only 15% of healthcare workers show detailed knowledge of cybersecurity topics and practices put in place to protect data and privacy."

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