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A medical device security company is a business that provides cybersecurity technologies and services specifically designed to protect connected medical devices and the networks they operate on. These devices include infusion pumps, patient monitors, imaging systems, wearable medical devices, implantables, and other equipment connected to hospital IT systems. As healthcare becomes more digital, the number of connected medical devices has increased significantly, with large hospitals often managing 10,000–25,000 or more networked medical devices, each representing a potential cyber risk if not properly secured.
Medical device security companies work across multiple layers of protection. Their solutions typically include network monitoring, endpoint protection, encryption, identity and access management, vulnerability assessment, and threat detection. Many also provide compliance support to help healthcare organizations meet regulatory and safety expectations. Because medical devices often remain in use for 7–15 years or longer, they may run legacy operating systems that are harder to update, making specialized security controls essential.
From a market perspective, this is a growing and increasingly strategic segment of healthcare IT. The global medical device security market was valued at USD 3.3 billion in 2024, rising to USD 3.46 billion in 2025 and projected to reach USD 3.64 billion in 2026, with forecasts of about USD 5.42 billion by 2034. This represents a 5.1% CAGR from 2025 to 2034. Growth is driven by rising cyber threats in healthcare, stricter data protection expectations, and the expansion of the Internet of Medical Things (IoMT).
Healthcare is frequently cited among the most targeted sectors for cyber incidents, and the financial impact of a single breach can reach millions of dollars when downtime, recovery, and penalties are considered. As a result, medical device security companies play a critical role not only in data protection but also in patient safety and operational continuity, making them an essential partner in modern digital healthcare.
How big is the Medical Device Security Industry in 2026?
The medical device security industry in 2026 represents a fast-evolving segment of healthcare cybersecurity, reflecting the growing need to protect connected clinical equipment and patient data. As hospitals and clinics adopt more digital and networked technologies, security spending tied specifically to medical devices has become a defined and expanding market. In value terms, the global medical device security market is projected to reach around USD 3.64 billion in 2026, up from approximately USD 3.46 billion in 2025. This steady rise is part of a longer-term trajectory expected to bring the market to about USD 5.42 billion by 2034, implying a 5.1% compound annual growth rate (CAGR) over that period.
This size is closely linked to the rapid growth of connected medical equipment. Large healthcare providers can operate thousands to tens of thousands of connected medical devices, from imaging systems to infusion pumps and patient monitoring tools. Industry estimates often suggest that connected medical devices account for a sizable share of hospital network endpoints, in some cases 30% or more of all connected devices in a clinical environment. Each endpoint requires visibility, monitoring, and protection, driving demand for specialized security solutions.
Spending is also influenced by the cost of cyber incidents. Healthcare data breaches are frequently associated with multi-million-dollar average costs per incident, including system restoration, legal exposure, and operational disruption. Even short periods of downtime in clinical settings can have significant financial and clinical impacts, encouraging proactive investment.
Regionally, North America represents the largest share of medical device security spending, followed by Europe and Asia-Pacific, where hospital digitization is accelerating. Solutions such as network segmentation, device discovery, and real-time threat monitoring are increasingly standard.
Overall, the 2026 industry is defined by moderate but resilient growth, rising device connectivity, and high stakes around patient safety, making medical device security a necessary and sustained area of investment in global healthcare.
Global Distribution of Medical Device Security Manufacturers by Country in 2026
| Country | Estimated Share of Medical Device Security Manufacturers (2026) | Key Strengths | Industry Notes (2026) |
|---|---|---|---|
| United States | 35–40% | Advanced cybersecurity sector, large healthcare IT market | Home to many leading cybersecurity and healthcare tech firms; strong hospital digitization |
| Israel | 10–12% | Cybersecurity innovation, IoT/IoMT security expertise | Strong startup ecosystem focused on healthcare and device security |
| United Kingdom | 7–9% | Healthcare IT, data protection expertise | Active in compliance-driven and NHS-related cybersecurity solutions |
| Germany | 7–9% | Medical technology and industrial cybersecurity | Strong medtech base and focus on secure connected devices |
| Japan | 6–8% | Advanced medical device manufacturing and electronics | Security integrated with high-end medical equipment |
| Canada | 4–5% | Health IT and privacy-focused security solutions | Growing number of healthcare cybersecurity specialists |
| France | 4–5% | Digital health and data security capabilities | Supported by EU data protection frameworks |
| China | 4–6% | Large domestic medtech and IT sector | Rising focus on hospital cybersecurity and local solutions |
| South Korea | 3–4% | Strong ICT infrastructure | Growth in smart hospitals and connected care |
| Others (Australia, Netherlands, Singapore, etc.) | 8–10% | Niche innovation and regional solutions | Often focused on specialized or managed services |
Why Is Medical Device Security Growing Across Major Regions?
Medical device security is expanding globally because healthcare is becoming highly connected and data-driven. Modern hospitals can operate 10,000–25,000+ connected medical devices, and connected medical devices may account for up to 30–40% of all hospital network endpoints in large facilities. Each connected device—such as infusion pumps, imaging systems, or patient monitors—can be a potential cyber entry point.
Financially, the global medical device security market is projected to reach about USD 3.64 billion in 2026, up from around USD 3.46 billion in 2025, and is forecast to surpass USD 5.4 billion by 2034, reflecting a ~5% CAGR. The cost of a single healthcare cyber incident can reach millions of USD when downtime, recovery, and legal exposure are considered, pushing hospitals to invest more in prevention. Vendors like Cisco, IBM, Palo Alto Networks, Fortinet, Philips, and GE Healthcare are scaling healthcare-focused security offerings worldwide.
What Facts Show Strong Growth in North America?
Key countries: United States, Canada
North America holds roughly 35–45% of global medical device security spending. The United States is the largest single market, supported by advanced hospital IT adoption. Many large U.S. hospitals manage thousands to tens of thousands of connected devices, requiring continuous monitoring.
Healthcare providers in the region often dedicate 6–10% or more of their IT budgets to cybersecurity. Ransomware and data breach risks have made healthcare one of the most targeted sectors. Companies such as Cisco, Palo Alto Networks, Fortinet, IBM, and Trellix supply zero-trust, network segmentation, and threat detection solutions. Canada is also investing steadily as digital health records and connected care expand nationwide.
How Do the Numbers Support Growth in Europe?
Key countries: Germany, UK, France, Netherlands
Europe represents about 25–30% of the global market. Strict data protection expectations and public healthcare digitization drive spending. In many European hospitals, legacy devices remain in use for 7–15+ years, increasing vulnerability and the need for compensating security controls.
Countries like Germany and the UK are major adopters due to large hospital networks. Annual growth in parts of Europe often falls in the high single-digit range. Companies active here include Philips, Sophos, Check Point, Imperva, and Cisco. Demand is rising for device visibility tools that can identify and classify thousands of endpoints on clinical networks.
Where Do Figures Show Fastest Expansion in Asia-Pacific?
Key countries: China, Japan, India, Australia, South Korea
Asia-Pacific frequently shows double-digit growth rates in healthcare cybersecurity segments. Rapid hospital construction and digital health programs are increasing the number of connected devices per facility. Large urban hospitals in major economies are adding connected equipment each year as part of modernization.
Japan and Australia invest heavily in reliability and patient safety, while China and India are scaling digital health infrastructure for large populations. Global firms like IBM, Cisco, Palo Alto Networks, Fortinet, and GE Healthcare are expanding regional healthcare partnerships. Managed security services are a key opportunity where in-house cybersecurity talent is limited.
What Numbers Indicate Opportunity in Middle East & Africa?
Key countries: UAE, Saudi Arabia, South Africa
MEA currently accounts for a single-digit percentage share of global spending but is growing steadily. Gulf countries are investing billions in healthcare infrastructure, with cybersecurity increasingly built into new hospital projects. As new facilities deploy connected imaging, monitoring, and diagnostic devices, the need for protection rises.
The UAE and Saudi Arabia lead regional adoption, while South Africa is gradually digitizing hospital systems. Providers such as DXC Technology, ClearData, Cisco, and Fortinet support healthcare cybersecurity projects. Growth in parts of MEA can reach high single-digit to low double-digit rates from a smaller base.
What is Medical Device Security companies?
Medical device security companies are firms that provide cybersecurity solutions to protect connected medical devices and healthcare networks from cyber threats. These devices include infusion pumps, imaging systems, ventilators, patient monitors, and other Internet of Medical Things (IoMT) assets. A large hospital can manage 10,000–25,000+ connected medical devices, and these devices may account for 30–40% of all networked endpoints in clinical environments, significantly expanding the attack surface.
These companies offer technologies such as device discovery, real-time monitoring, network segmentation, encryption, identity and access control, and vulnerability management. Medical devices often stay in service for 7–15+ years, and many still run legacy operating systems, which increases risk and the need for specialized security layers.
In market terms, they serve a global industry projected to reach about USD 3.64 billion in 2026, growing toward USD 5.4+ billion by the early 2030s at roughly 5% annual growth. Healthcare data breaches frequently result in multi-million-dollar average costs per incident, and downtime in hospitals can cost thousands of dollars per hour. As a result, healthcare providers are allocating a rising share—often 6–10% of IT budgets—to cybersecurity, creating sustained demand for medical device security companies.
Global Growth Insights unveils the top List global Medical Device Security Companies:
| Company | Headquarters | Est. CAGR | Est. Revenue (Past Year) | Geographic Presence | Key Highlight | Latest Company Updates (2026) |
|---|---|---|---|---|---|---|
| Cisco Systems | USA | 6–8% | $50B+ (total company) | Global (Americas, EMEA, APAC) | Leader in network security and zero-trust frameworks | Expanded healthcare-focused zero-trust and IoMT visibility solutions |
| Symantec (Broadcom) | USA | 5–7% | Multi-billion USD (enterprise security segment) | Global | Strong in endpoint and data loss prevention | Enhanced healthcare data protection and compliance tools |
| IBM Corporation | USA | 5–6% | $60B+ (total company) | Global | AI-driven security analytics and consulting | Expanded managed security services for hospitals |
| GE Healthcare | USA | 4–6% | $19B+ (total company) | Global | Secure-by-design medical equipment and imaging | Added cybersecurity lifecycle management in imaging systems |
| Koninklijke Philips | Netherlands | 4–5% | €18B+ (total company) | Global | Connected care and health tech security | Strengthened device security updates and remote patching support |
| McAfee | USA | 4–5% | Multi-billion USD (est.) | Global | Threat detection and endpoint protection | Expanded enterprise and healthcare partnerships |
| Check Point Software Technologies | Israel | 6–7% | $2B+ (total company) | Global | Network and IoT/IoMT security expertise | Advanced IoMT-focused threat prevention features |
| CloudPassage | USA | 8–10% | Private est. (tens of millions USD) | North America, Europe | Cloud workload and server security | Enhanced cloud security for healthcare workloads |
| Palo Alto Networks | USA | 15–20% | $7B+ (total company) | Global | Next-gen firewalls and cloud security | Expanded healthcare vertical solutions and AI security |
| ClearData Networks | USA | 10–12% | Private est. (hundreds of millions USD) | Primarily North America | Healthcare-focused cloud security & compliance | Growth in healthcare cloud protection services |
| DXC Technology | USA | 3–5% | $13B+ (total company) | Global | IT and security services for healthcare | Expanded cybersecurity services for hospitals |
| Sophos Group | UK | 8–10% | $1B+ (est.) | Global | Managed detection and response (MDR) | Growth in healthcare MDR adoption |
| Imperva | USA | 6–8% | $400M+ (est.) | Global | Data and application security | Strengthened healthcare data protection offerings |
| Fortinet | USA | 15%+ | $5B+ (total company) | Global | Integrated security fabric | New healthcare compliance and segmentation tools |
| Zscaler | USA | 20%+ | $2B+ (total company) | Global | Zero-trust cloud security | Expanded zero-trust adoption in healthcare |
| FireEye (Trellix) | USA | 5–7% | Multi-billion USD (est.) | Global | Threat intelligence and incident response | Focus on critical infrastructure including healthcare |
Opportunities for Startups & Emerging Players (2026)
The medical device security market in 2026 offers targeted opportunities for startups as healthcare digitization expands. With the global market projected at about USD 3.64 billion in 2026 and growing at roughly 5% annually, new entrants can capture value in specialized niches. Large hospitals may operate 10,000–25,000+ connected medical devices, and connected devices can form 30–40% of hospital endpoints, creating demand for visibility and protection tools.
Startups can focus on IoMT device discovery, behavior-based threat detection, and automated risk scoring, where AI can reduce alert fatigue and improve response times. Managed security services are another opportunity, especially since many mid-sized hospitals lack full in-house cybersecurity teams. Even a 10–15% improvement in incident detection time can significantly reduce breach costs, which often reach millions of dollars per incident.
Cloud-based security platforms, zero-trust solutions, and compliance automation for healthcare regulations also present scalable, recurring-revenue models for emerging players.
Conclusion
Medical device security has become a necessary pillar of modern healthcare as hospitals and clinics rely on thousands of connected devices to deliver care. With the global market projected at about USD 3.64 billion in 2026 and growing at roughly 5% annually, this sector shows steady, resilience-driven expansion rather than short-term hype. Large healthcare facilities can operate 10,000–25,000+ connected devices, and these may account for 30–40% of networked endpoints, making security a continuous priority.
The financial stakes are high, as healthcare cyber incidents often cost millions of dollars per breach and can disrupt clinical operations. As a result, many providers dedicate 6–10% or more of IT budgets to cybersecurity. Growth is supported by digital health adoption, regulatory pressure, and patient safety concerns. Overall, medical device security is moving from a niche IT function to a core healthcare requirement, creating sustained demand for specialized solutions and expertise worldwide.
FAQ: Global Medical Device Security Companies
Q1. What do medical device security companies do?
They provide cybersecurity solutions to protect connected medical devices—such as infusion pumps, imaging systems, and patient monitors—from cyber threats. In large hospitals, connected medical devices can represent 30–40% of all networked endpoints, requiring continuous monitoring and protection.
Q2. How large is the medical device security market?
The global medical device security market is projected to reach about USD 3.64 billion in 2026, up from roughly USD 3.46 billion in 2025, and is forecast to exceed USD 5.4 billion by the early 2030s, growing at around 5% CAGR.
Q3. Why is demand increasing?
Healthcare is among the most targeted sectors for cyberattacks. The financial impact of a healthcare data breach often reaches millions of dollars per incident, including downtime, recovery, and legal costs. This risk drives steady investment in security.
Q4. Who buys these solutions?
Primary buyers include hospitals, clinics, diagnostic centers, and large healthcare networks. Many providers allocate 6–10% or more of IT budgets to cybersecurity, part of which goes to device security.
Q5. What technologies are commonly used?
Common tools include device discovery, network segmentation, encryption, identity and access management, and real-time threat monitoring. AI-based analytics are increasingly used to detect anomalies.
Q6. Which regions spend the most?
North America typically leads with about 35–45% of global spending, followed by Europe and Asia-Pacific, where hospital digitization is accelerating.
Q7. How long do medical devices stay in use?
Many medical devices remain in service for 7–15+ years, often running legacy software, which increases the need for compensating security controls.
Q8. Are regulations influencing this market?
Yes. Data protection and healthcare regulations in many countries push providers to strengthen cybersecurity, indirectly boosting demand for medical device security solutions.