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February 2025
The global healthcare IoT security market size is calculated at US$ 0.62 in 2024, grew to US$ 0.74 billion in 2025, and is projected to reach around US$ 3.52 billion by 2034. The market is expanding at a CAGR of 18.83% between 2025 and 2034. Rising concerns about data theft are driving the healthcare IoT security market.
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The healthcare sector is undergoing a revolutionary change with real advantages with the integration of Internet of Things (IoT) technology. Globally, there are predicted to be more than 75 billion linked devices by 2025. One area that is anticipated to gain significantly from this expansion is the healthcare sector. The Internet of Things (IoT) entails connecting various physical objects, devices, and sensors so they may exchange data and communicate with one another. Personalized treatment plans, remote monitoring, and effective healthcare delivery are just a few of the ways that IoT technologies are already being utilized in the healthcare industry to enhance patient care and results.
There are several obstacles and restrictions associated with IoT implementation in healthcare that need to be properly considered. These include worries about the security and privacy of data. Concerns about data security and privacy are crucial as sensitive medical data must be collected and sent with strict security measures to preserve patient privacy. In order to safeguard the privacy, availability, and integrity of medical data gathered and transferred between IoT devices connected to a single network, the healthcare IoT security industry offers methods and solutions for medical device creation and upkeep.
A major step toward creating a safe and reliable healthcare system in the current rapid digital transition is the incorporation of artificial intelligence (AI)-driven safety measures into the Internet of Things (IoT)-enabled healthcare apps. Through ongoing monitoring of data flows from networked sensor devices, the AI system is able to learn typical patterns of activity and quickly identify any variations suggestive of a potential security concern or illegal access. To improve IoT medical device security, businesses can investigate security flaws in IoT-enabled healthcare applications and suggest an AI-driven strategy for IoT device-level vulnerability management life cycle for detecting and defending against known and unknown vulnerabilities based on the zero tolerance and zero-trust model.
Increasing Cyber Attacks
The delicate nature of medical data makes the healthcare industry a prominent target for hackers. There has been an increase in ransomware assaults, according to reports, and healthcare firms sometimes have to pay large amounts of money to get it back. The proliferation of IoT devices, including smart beds, wearable health monitors, and linked imaging systems, increases the attack surface, necessitating the need for security measures. Healthcare providers must invest in extensive IoT security measures to protect patient data and ensure business continuity due to the growing frequency and sophistication of cyber-attacks.
Budgetary Constraints
The capacity of healthcare institutions to enhance IoT security is limited by financial restrictions. They only spend three to four percent of their budget on IT, which limits their ability to integrate cutting-edge security solutions. As published by The Journal of Medical Internet Research, this limits progress to IoT security inside hospital facilities.
Rise in Adoption of Telemedicine
The pandemic further integrated IoT into healthcare services by hastening the deployment of remote patient monitoring and telemedicine. The necessity for secure communication channels grows as more people interact with healthcare professionals online. IoT security solutions guarantee that patient information sent during telehealth consultations is private and shielded from unwanted access. The need for IoT security services is being driven by the move towards telemedicine, which not only improves patient comfort but also calls for strong security measures.
By component, the solutions segment held the largest share of the healthcare IoT security market in 2024. Because the healthcare industry collects and stores vast amounts of sensitive patient data that could be misused and lead to criminal activity if revealed, there is a greater need to prevent data loss. This is why IoT security solutions have emerged to provide visibility and security for connected devices. The need for more encrypted security solutions has increased among healthcare institutions, including hospitals.
By component, the services segment is estimated to grow significantly in the healthcare IoT security market during the forecast period. Third-party businesses offer a range of IoT security services for the healthcare industry. Real-time identification and inventory of IoT and medical device assets, as well as automatic detection of device vulnerabilities that might affect patient safety, data, or care, are just a few advantages of these services. Thorough risk and threat reduction, which includes ransomware removal, micro-segmentation, the most recent updates, and more flexible security features and price choices catered to MSSP requirements, as well as simple implementation and a broad range of integrations across the security, BioMed, and MSSP stack.
By security type, the cloud security segment dominated the healthcare IoT security market in 2024. Cloud security for healthcare protects data privacy across internet platforms, apps, and infrastructure, guaranteeing the integrity and confidentiality of clinical apps, patient information, and important data for medical research. Collaboration is necessary for cloud security between cloud providers and their customers, which includes medical facilities, employees, and even patients. Cloud security also affects the market positioning and reputation of healthcare organizations by promoting trustworthy communication between doctors and patients.
By security type, the network security segment is estimated to grow at a significant growth rate in the healthcare IoT security market during the forecast period. Although network security is crucial in many industries, the healthcare sector is one where it is especially important. A major target for hackers, the healthcare industry contains enormous volumes of sensitive patient data, such as medical records, billing information, and personally identifiable information (PII). Increased network security and a lower chance of data breaches may be achieved through the use of access restrictions, encryption, software upgrades, and staff training. In order to secure patient data and adhere to laws, healthcare businesses need to maintain a proactive and attentive approach to network security.
By end-user, the hospitals & clinics segment was dominant in the healthcare IoT security market in 2024. Consumers are increasingly using hospital and clinic services to schedule medical appointments online, which adds to the volume of data that these facilities manage. These days, wearable, implantable, and other healthcare-related gadgets like smartpens, thermometers, and security cameras employ Internet of Things devices. The usage of smart gadgets and new smart beds that monitor blood, oxygen, and other data in hospitals and clinics is increasing the risk of cyberattacks. The amount of money hospitals spend on identity theft prevention is average. These types of IoT devices are profitable for most hospitals and other healthcare organizations.
By end-user, the research and diagnostic laboratories segment is estimated to grow significantly in the healthcare IoT security market during the forecast period. Utilizing Internet of Things (IoT) devices in clinical laboratories has emerged as a revolutionary approach to revolutionize traditional laboratory administration. Determining key integration areas, selecting suitable equipment, and ensuring connection and security protocols may help labs make more accurate, efficient, and data-driven decisions. By offering insight and visibility into the whole supply chain, IoT devices may assist in the safe delivery of materials, reagents, or samples in laboratories, guaranteeing the timely arrival or departure of materials into and out of the lab.
North America dominated the healthcare IoT security market in 2024 due to the region's increasing use of loT medical equipment and the resulting rise in demand for defenses against ransomware and other cyberattacks. The United States had the largest revenue share in North America and is expected to maintain its position as the leader for the foreseeable future. Improvements in technology and various government programs that promote the use of digital platforms are the main factors driving the life science industry's largest revenue share. A number of projects that were started to advance clinical interoperability and eHealth are also driving the sector. The sector has benefited immensely from growing medical cost-cutting measures, the security of data transfer on health loT devices, and a move away from a fee-for-service approach and toward a value-based one.
Asia Pacific is estimated to host the significantly growing healthcare IoT security market during the forecast period. Governments in the Asia-Pacific region are investing significantly in digital health initiatives and healthcare infrastructure because they understand how revolutionary IoT technology can be in enhancing public health outcomes. The healthcare IoT security market is expected to increase as a result of several government initiatives to modernize healthcare systems and promote the adoption of digital health technologies.
For instance,
Because of the growing availability of high-speed Internet, the extensive usage of IoT sensors and devices, and the robust government initiatives to enhance healthcare services, the Asia Pacific healthcare IoT security market is anticipated to expand quickly. The industry will continue to increase as a result of continued technology improvements and the expansion of healthcare infrastructure after the pandemic.
The healthcare disparity between urban and rural areas is being addressed by the Indian HealthTech ecosystem, which now has over 10,000 firms. In 2024, India's health technology industry saw a dramatic increase in investment as it reached a revolutionary period. In the first half of this year, total funding reached $707 million, up from $362 million in 2023.
Over $9.9 billion has been invested in HealthTech firms in India as of mid-2024, demonstrating the nation's quick rise to prominence as a worldwide center for healthcare innovation. Innovations in telemedicine, AI-powered healthcare solutions, and health insurance are driving this expansion and establishing India as a leader in the field of global healthcare going forward.
For instance,
In February 2025, according to Aziz Benmalek, CEO of Aeris, who recently joined the company to spearhead its development into IoT security, businesses can no longer afford to approach IoT security as an afterthought. Companies want a proactive, scalable solution as threats become more complex and cyberattacks on IoT devices increase. The first solution to provide network-based visibility and zero-trust security to businesses and mobile operators so they can confidently expand their cellular IoT programs globally is Aeris IoT Watchtower.
By Component
By Security Type
By End User
By Region
February 2025
February 2025
December 2024
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