Healthcare’s exposure to costly cyberattacks is on the rise. This is being fueled by the use of legacy systems and the widespread adoption of new technologies like connected devices, which create potential access points to critical systems.
The 2024 Change Healthcare cyberattack demonstrates the far-reaching consequences of cybercrime in healthcare. This attack compromised the protected health information of at least 100M people and cost parent company UnitedHealth around $3B.
Spurred by these high-profile attacks and rising regulatory scrutiny, healthcare payers and providers alike have been ramping up their spending on cybersecurity technologies.
In the market map below, we identify 135+ tech companies addressing cybersecurity in healthcare across 17 different markets. We organized markets around 3 primary security domains:
- Patient data security: Comprises solutions focused on protecting sensitive patient health information and ensuring HIPAA compliance.
- Medical devices: Encompasses security solutions specifically designed for medical equipment and connected healthcare devices.
- Hospital operations: Covers the broader IT security infrastructure needed for day-to-day hospital functions.
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