Updated

Updated · Market.us · Aug 12

Healthcare Cybersecurity Market to Hit $71.36 Billion by 2034 as Breaches Fuel 14.8% CAGR

Updated

Updated · Market.us · Aug 12

Healthcare Cybersecurity Market to Hit $71.36 Billion by 2034 as Breaches Fuel 14.8% CAGR

1 articles · Updated · Market.us · Aug 12

$71.36 billion is the projected size of the healthcare cybersecurity market by 2034, up from $17.95 billion in 2024 as hospitals and providers spend more to protect digital systems and patient data.
14.8% annual growth is being driven by wider use of EHRs, telehealth, cloud services and connected medical devices, alongside rising ransomware, phishing and unauthorized-access risks.
192.7 million people were affected by the Change Healthcare attack cited in the report, while HHS records show more than 8,000 healthcare breaches affecting over 1 billion individuals since tracking began.
Services led the market with a 55.6% share in 2024, while IAM topped solution types at 19.7%, reflecting demand for outsourced monitoring, access controls and compliance support.
North America held a 30% regional share, supported by HIPAA, HHS cybersecurity goals and FDA pressure for stronger medical-device security throughout product lifecycles.

Sources

As cybersecurity spending skyrockets toward $71 billion, why did major healthcare data breaches still hit record-breaking highs last year?

With legacy medical devices acting as ticking time bombs, can underfunded rural hospitals survive the next wave of ransomware attacks?

Will strict new FDA cybersecurity mandates for medical devices accidentally delay life-saving technologies from reaching vulnerable patients?

1 total