Healthcare cyber security is projected to grow with a compound annual growth rate of 18.60% from 2024 to 2033, reaching a value of $95.59 billion. The rise of digital health solutions and IoT devices within healthcare settings, frequent cyberattacks, and stringent regulations regarding data privacy are driving this growth. Conversely, the shortage of skilled professionals and limited budgets hinder market growth. The Asia Pacific region is anticipated to exhibit the highest growth rate due to increasing investments in healthcare IT infrastructure.

Dispersed responsibility, lack of asset inventory is causing gaps in medical device cybersecurity
Witnesses at a House hearing on medical device cybersecurity highlighted the need for better tracking of devices and their vulnerability to cyber threats. They noted