GITNUX MARKETDATA REPORT 2024

Medical Device Security Industry Statistics

The medical device security industry is projected to grow significantly in the coming years, driven by increasing cybersecurity threats and regulations.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the crucial landscape of medical device security within the healthcare industry, backed by eye-opening statistics and trends. From the alarming rate of security incidents experienced by healthcare organizations to the staggering market size and growth trajectory of medical device security, these statistics shed light on the pressing need for robust cybersecurity measures in the ever-evolving digital healthcare ecosystem.

Statistic 1

"A 2017 survey found that 82% of healthcare organizations have experienced a significant security incident related to connected medical devices."

Statistic 2

"In 2019, the global medical device security market size was USD 5.00 Billion."

Statistic 3

"The global medical device security market will grow at a CAGR of 14% from 2021 to 2026."

Statistic 4

"59% of healthcare providers say they do not effectively prevent or deter medical device security incidents."

Statistic 5

"Healthcare is the second-most targeted sector by cybercriminals after finance."

Statistic 6

"Data breaches cost healthcare providers an average of $7.13 million in 2020."

Statistic 7

"Worldwide ransomware attacks against healthcare organizations increased by 45% in 2020."

Statistic 8

"63% of healthcare organizations consider medical device security a top priority in 2021."

Statistic 9

"Over 89% of healthcare organizations have suffered data breaches due to stolen credentials since 2010."

Statistic 10

"Network security accounted for approximately 37% of the total medical device security market share in 2020."

Statistic 11

"About 64% of healthcare providers reported an incident of lost or stolen devices that access their networks."

Statistic 12

"Regulatory compliance is considered a top priority for 32% of healthcare organizations' medical device cybersecurity programs."

Statistic 13

"81% of healthcare organizations reported that they have experienced a cyber-attack primarily related to their internet-connected medical devices."

The statistics presented paint a concerning picture of the state of medical device security within the healthcare industry. With a high percentage of healthcare organizations experiencing security incidents related to connected medical devices, coupled with the significant financial impacts of data breaches and ransomware attacks, it is evident that there is a pressing need for improved cybersecurity measures. The anticipated growth of the global medical device security market highlights the increasing recognition of this issue as a priority among industry players. Addressing gaps in prevention, detection, and response strategies will be crucial to safeguarding patient information and maintaining the integrity of healthcare systems in the face of escalating cyber threats.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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