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The Global Healthcare IOT Security Market is estimated at USD 4.7 billion in 2015 and expected to grow at a rate of 40% during 2016-2021.
Key Findings
Increasing ageing population, surging healthcare expenses and an increase in the occurrence of chronic diseases is driving healthcare stakeholders to follow remote health management and patient monitoring seriously.
IOT Security solutions will continue to hold maximum market value of $25.99 Billion in 2022 because of increasing connectivity of healthcare IOT devices with the caregivers globally; new access points get created for hackers to conduct cybercrimes. Therefore, implementation of security solutions becomes essential
North America currently is the leading region in the IOT Security implementation in the healthcare sector with revenue of $2.2 billion in 2015 because of increased usage of smart IOT devices for health management
APAC is expected to grow at a highest CAGR than other regions because of the health management of the increasing ageing population, IOT adoption will increase and therefore security becomes crucial.
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