Burlingame, CA, Sept. 04, 2025 (GLOBE NEWSWIRE) — The Global Medical Device Security Market is estimated to be valued at USD 8.32 Bn in 2025 and is expected to reach USD 15.02 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.8% from 2025 to 2032. A major market trend is the increasing adoption of IoT-enabled medical devices, which, while improving patient care, also heighten security risks and fuel the need for advanced cyber security solutions. At the same time, strict regulatory requirements and growing data privacy concerns are prompting healthcare providers and manufacturers to prioritize strong medical device security frameworks. This is accelerating innovation and creating significant growth opportunities across the market during the forecast period.
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Global Medical Device Security Market Key Takeaways
According to Coherent Market Insights (CMI), the global medical device security market size is projected to expand at a CAGR of 8.8% between 2025 and 2032, reaching USD 15.02 Bn by 2032, up from USD 8.32 Bn in 2025.
Based on component, the solutions segment is projected to account for 55.2% of the global medical device security market share by 2025.
By device type, wearable segment is set to hold a prominent market share of 34.5% in 2025.
Network security category is anticipated to account for more than one-fourth of the global medical device security industry share by 2025.
North America is poised to remain the undisputed leader in the medical device security market, capturing 37.3% of market share in 2025.
Asia Pacific, with an estimated market share of 23.4% in 2025, is expected to be the most lucrative pocket for medical device security providers during the forecast period.
Rise in Healthcare Cyberattacks Fueling Market Growth
Coherent Market Insights’ latest medical device security market analysis offers insights into major factors driving industry growth. One such prominent growth driver is the increasing incidence of cyberattacks targeting healthcare industry.
Cyberattacks and data breaches targeting healthcare systems and medical devices are rising at an alarming pace. For instance,
- The U.S. Department of Health and Human Services (HHS) investigated 307 data breaches in the first half of 2025.
- In February 2024, Change Healthcare reported a ransomware attack that compromised the protected health information of approximately 192.7 million individuals.
This surge in cyberattacks on the healthcare industry is putting medical device security solutions and services into the spotlight. These solutions have the tendency to protect connected devices, their software, and the data they generate from cyberattacks.
Healthcare businesses are increasingly investing in enhanced security solutions to protect sensitive health information and ensure the integrity of medical devices. This is expected to boost growth of the medical device security market during the forecast period.
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High Implementation Costs Limiting Medical Device Security Market Growth
The global medical device security market outlook appears promising, owing to rising incidence of cyberattacks in the healthcare sector. However, high implementation costs might slow down market growth to some extent during the projection period.
Advanced medical device security solutions are quite expensive. This deters many healthcare providers from using them, especially in underserved regions, which in turn may reduce medical device security market demand.