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Healthcare IOT Security Market Share

ID: MRFR//0440-CR | 188 Pages | Author: Kinjoll Dey| August 2019

Introduction: Navigating the Competitive Landscape of Healthcare IoT Security

The competitive momentum in the IoT Security for Health Care market is being shaped by rapid technological development, by stricter regulatory frameworks and by heightened expectations for data privacy and security. Leading players, such as original equipment manufacturers, IT system integrators, network operators and cutting-edge artificial intelligence start-ups, are aiming for leadership positions by deploying advanced technology-driven differentiators such as AI-based analytics, automation and biometrics. These innovations not only enhance security but also enhance operational efficiencies, which in turn enables market positioning. Green technology is also becoming an important differentiating factor as organizations increasingly emphasize green and sustainable practices. Moreover, regional opportunities are emerging, particularly in North America and Asia-Pacific, where strategic deployments are focused on interoperability and compliance with evolving regulations. Strategic decision-makers at the C-level must be agile and well informed to take advantage of the shifting tides of competition.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions that integrate various aspects of IoT security for healthcare environments.

VendorCompetitive EdgeSolution FocusRegional Focus
IBM Corporation Strong AI and analytics capabilities IoT security management Global
Cisco Systems Inc. Robust networking and security integration Network security for IoT Global
Oracle Corporation Comprehensive cloud and data security Data protection and compliance Global

Specialized Technology Vendors

These vendors focus on niche technologies and solutions tailored for specific IoT security challenges in healthcare.

VendorCompetitive EdgeSolution FocusRegional Focus
Fortinet Inc High-performance security appliances Firewall and threat management Global
Trend Micro Inc. Advanced threat detection capabilities Endpoint security Global
Kaspersky Labs Strong malware protection Antivirus and endpoint security Global
Sophos Group Plc Unified threat management solutions Network and endpoint security Global
Symantec Corporation Comprehensive cybersecurity solutions Data loss prevention Global

Infrastructure & Equipment Providers

These vendors supply the hardware and infrastructure necessary for secure IoT deployments in healthcare settings.

VendorCompetitive EdgeSolution FocusRegional Focus
Intel Corporation Leading semiconductor technology IoT hardware security Global
Dell Corporation Robust hardware solutions Secure computing infrastructure Global
Inside Secure SA Specialized in embedded security IoT security chips Global
Atmel Corporation Innovative microcontroller solutions Embedded security solutions Global
Eurotech SpA Focus on edge computing IoT gateways and devices Global

Consulting and Advisory Services

These vendors provide strategic consulting and advisory services to enhance IoT security frameworks in healthcare.

VendorCompetitive EdgeSolution FocusRegional Focus
Klynveld Peat Marwick Goerdeler Expertise in compliance and risk management Consulting services Global
Agile Cyber Security Solutions, LLC Tailored cybersecurity strategies Cybersecurity consulting North America
Security Mentor Focus on security awareness training Training and education Global

Telecommunications Providers

These vendors offer connectivity solutions essential for secure IoT communications in healthcare.

VendorCompetitive EdgeSolution FocusRegional Focus
Deutsche Telekom AG Strong telecommunications infrastructure IoT connectivity solutions Europe

Emerging Security Solutions

These vendors are focused on innovative security solutions that address new challenges in the IoT landscape.

VendorCompetitive EdgeSolution FocusRegional Focus
SecureFLO LLC Focus on secure data flow management Data security solutions North America
Intelen Inc. Innovative IoT security frameworks IoT security solutions North America
Checkpoint Software Technology Comprehensive threat prevention Network security solutions Global

Emerging Players & Regional Champions

  • Cynerio (United States): Specializes in IoT security for medical devices, providing real-time threat detection and risk management solutions. Recent contract with a major hospital network to secure devices. Challenges the established players, such as McAfee and Symantec, by focusing on medical device IoT security.
  • Medigate (US): a platform that integrates with existing IT and security systems to monitor and secure connected medical devices. It has recently been implemented in a large health system, and is a strong alternative to traditional cyber security companies by focusing on the needs of the health system.
  • Zingbox (USA): Ai-based security for medical IoT devices. Offers automatic threat detection and response. Zingbox is already deploying its technology in several regional hospitals, complementing the offerings of the large vendors.
  • Netscout, Inc. (U.S.A.): Provides a complete visibility and security solution for IoT devices in healthcare environments. Challenges established players by providing deeper insights into network traffic and device behavior.
  • Provides secure IoT solutions for the medical field, focusing on the security of data and device authentication. A recent partnership with a telehealth provider has improved the security of remote patient monitoring, completing the existing solution with a layer of secure communication.

Regional Trends: IT security in the medical industry is a major regional market in North America and Europe, primarily driven by increasing regulatory requirements and the increasing number of connected medical devices. There is a noticeable trend towards specializing in solutions that address the specific medical challenges of device authentication, real-time monitoring and regulatory compliance. There are also more and more strategic alliances between new players and established healthcare providers, which facilitate the integration of advanced security solutions into existing healthcare IT systems.

Collaborations & M&A Movements

  • This morning, Philips and Cisco have agreed to combine their efforts in the field of Internet of Things security for medical devices. In this way, they hope to improve patient data protection and compliance with the HIPAA regulations, thus strengthening their position in the market.
  • IBM acquired CloudMedx in 2024 to integrate advanced AI-driven analytics into its healthcare IoT security offerings, enhancing its market share by providing more robust security solutions for healthcare providers.
  • McAfee and GE Healthcare collaborated to develop a comprehensive cybersecurity framework for medical imaging devices, addressing increasing regulatory scrutiny and enhancing their competitive edge in the healthcare IoT market.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Device Authentication Cisco, IBM, Symantec The Cisco Identity Services Engine (ISE) provides a strong mechanism for authenticating devices to ensure that only authorized devices are allowed to access the hospital network. The IBM Watson IoT platform integrates artificial intelligence (AI) to enhance security. Symantec endpoint security products are designed for the medical industry, and their detection and response capabilities are unique.
Data Encryption McAfee, Palo Alto Networks, Fortinet The Data Loss Prevention solution from McAfee offers a comprehensive encryption solution for sensitive medical data. It combines the most advanced encryption technology with next-generation firewalls to ensure secure data transmission. Fortinet’s FortiGate appliances include the encryption features that are essential for protecting patient data.
Network Monitoring Check Point, Armis, Darktrace ThreatCloud provides real-time network monitoring and threat intelligence, which is essential for identifying the risks posed by IoT devices. Armis specializes in agentless security for unmanaged devices, making it ideal for the medical environment. Darktrace uses artificial intelligence to detect anomalies in network traffic, making it uniquely strong in the identification of emerging threats.
Incident Response CrowdStrike, FireEye, Rapid7 CrowdStrike's Falcon platform enables rapid incident response, leveraging cloud-native architecture for swift remediation. FireEye's Mandiant services provide expert incident response, tailored to the healthcare industry, with case studies demonstrating successful breach management. Rapid7's Insight platform combines incident response with vulnerability management to improve overall security posture.
Compliance Management Qualys, Trustwave, RSA Security Qualys provides a comprehensive compliance management solution that automates HIPAA and other regulatory compliance audits. Trustwave’s managed security services include compliance support, enabling you to navigate complex regulatory requirements. Risk Management from RSA Security aligns with compliance requirements and offers unique strengths in audit readiness.

Conclusion: Navigating the Healthcare IoT Security Landscape

As we approach 2025, the IoT security market for the medical field is characterized by an intense competition and a significant fragmentation. The well-established companies use their vast experience and resources to develop new security protocols. The new entrants develop new solutions based on artificial intelligence and automation. In the area of geography, the trend is towards a greater compliance and data protection, especially in North America and Europe where the regulatory framework is becoming more and more strict. In this crowded field, the vendors must rely on their artificial intelligence, automation, and sustainable practices to differentiate themselves. As the security challenges change, the companies will seek flexible and scalable solutions that meet their strategic objectives.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 18.80% (2023-2032)
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