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Medical Device Security Solutions Market Analysis Highlights the Impact of COVID-19 2020-2024 | Growing Adoption of IoT and Connected Devices to boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Jul 15, 2020--

Technavio has been monitoring the medical device security solutions market and it is poised to grow by USD 301.04 million during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200715005525/en/

Technavio has announced its latest market research report titled Global Medical Device Security Solutions Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA Networks Inc., CloudPassage Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McAfee LLC, and Palo Alto Networks Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The growing adoption of IoT and connected devices has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Medical Device Security Solutions Market 2020-2024: Segmentation

Medical Device Security Solutions Market is segmented as below:

  • Device
    • Wearable and External Medical Devices
    • Hospital Medical Devices
    • Internally Embedded Medical Devices
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40164

Medical Device Security Solutions Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The medical device security solutions market report covers the following areas:

  • Medical Device Security Solutions Market Size
  • Medical Device Security Solutions Market Trends
  • Medical Device Security Solutions Market Analysis

This study identifies the increasing demand for cloud-based solutions as one of the prime reasons driving the medical device security solutions market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Medical Device Security Solutions Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist medical device security solutions market growth during the next five years
  • Estimation of the medical device security solutions market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical device security solutions market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical device security solutions market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value Chain Analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DEVICE

  • Market segmentation by device
  • Comparison by device
  • Wearable and external medical devices - Market size and forecast 2019-2024
  • Hospital medical devices - Market size and forecast 2019-2024
  • Internally embedded medical devices - Market size and forecast 2019-2024
  • Market opportunity by device

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing geriatric population and prevalence of chronic diseases
  • Rising demand for self-medication and homecare medical devices
  • Increasing demand for cloud-based solutions

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Broadcom Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • ClearDATA Networks Inc.
  • CloudPassage Inc.
  • General Electric Co.
  • International Business Machines Corp.
  • Koninklijke Philips NV
  • McAfee LLC
  • Palo Alto Networks Inc .

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200715005525/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: SECURITY MEDICAL DEVICES HEALTH TECHNOLOGY SOFTWARE NETWORKS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 07/15/2020 10:45 AM/DISC: 07/15/2020 10:45 AM

http://www.businesswire.com/news/home/20200715005525/en

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