Brazil Healthcare Cyber Security Market Size & Outlook
The healthcare cyber security market in Brazil is expected to reach a projected revenue of US$ 776.3 million by 2030. A compound annual growth rate of 20.1% is expected of Brazil healthcare cyber security market from 2024 to 2030.
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Brazil healthcare cyber security market highlights
The Brazil healthcare cyber security market generated a revenue of USD 215.7 million in 2023 and is expected to reach USD 776.3 million by 2030.
The Brazil market is expected to grow at a CAGR of 20.1% from 2024 to 2030.
In terms of segment, hospitals was the largest revenue generating end use in 2023.
Pharma & Chemicals is the most lucrative end use segment registering the fastest growth during the forecast period.
Healthcare cyber security market data book summary
Market revenue in 2023
USD 215.7 million
Market revenue in 2030
USD 776.3 million
Growth rate
20.1% (CAGR from 2023 to 2030)
Largest segment
Hospitals
Fastest growing segment
Pharma & Chemicals
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals
Key market players worldwide
Cisco Systems Inc, International Business Machines Corp, Marubeni Corp, Gen Digital Inc, Trend Micro Inc, Intel Corp, Kaspersky Lab, Lockheed Martin Corp, Northrop Grumman Corp, Imperva, Medigate
Other key industry trends
In terms of revenue, Brazil accounted for 1.2% of the global healthcare cyber security market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil healthcare cyber security market is projected to lead the regional market in terms of revenue in 2030.
Mexico is the fastest growing regional market in Latin America and is projected to reach USD 442.3 million by 2030.
Increase in use of smartphones, rise in adoption of EHR allowing health information exchange, and surge in the number of cyberattacks are among the key factors driving the market. Increasing number of IT startups in Brazil is one of the important factors that boosts the market growth.
Brazil is one of the fastest growing regional market in Latin America and it is one of the most lucrative markets for eHealth owing to higher healthcare expenditures. Companies are optimistic about Brazilian eHealth market and are willing to invest more.
Furthermore, growth in the healthcare economy is expected to drive the need for various cybersecurity solutions over the forecast period. Symantec, McAfee, and Kaspersky Labs are among the major healthcare cybersecurity players in Brazil.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Healthcare Cyber Security Market Outlook will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 70.0% in 2023.
Horizon Databook has segmented the Brazil healthcare cyber security market based on pharma & chemicals, medical devices, health insurance, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in use of smartphones, rise in adoption of EHR allowing health information exchange, and surge in the number of cyberattacks are among the key factors driving the market. Increasing number of IT startups in Brazil is one of the important factors that boosts the market growth.
Brazil is one of the fastest growing regional market in Latin America and it is one of the most lucrative markets for eHealth owing to higher healthcare expenditures. Companies are optimistic about Brazilian eHealth market and are willing to invest more.
Furthermore, growth in the healthcare economy is expected to drive the need for various cybersecurity solutions over the forecast period. Symantec, McAfee, and Kaspersky Labs are among the major healthcare cybersecurity players in Brazil.
Brazil Healthcare Cyber Security Market End Use Outlook (Revenue, USD Million , 2018-2030)
Pharma & Chemicals
Medical Devices
Health Insurance
Hospitals
Others
Brazil Healthcare Cyber Security Market Type of Threat Outlook (Revenue, USD Million , 2018-2030)
Malware
DDoS
Advanced Persistent Threats (APT)
Spyware
Lost or Stolen Devices
Others
Brazil Healthcare Cyber Security Market Type of Solution Outlook (Revenue, USD Million , 2018-2030)
Identity and Access Management
Risk and Compliance Management
Antivirus and Antimalware
DDoS Mitigation
Security Information and Event Management (SIEM)
Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
Others
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Target buyers of Healthcare Cyber Security Market Outlook databook
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Healthcare Cyber Security Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Healthcare Cyber Security Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Healthcare Cyber Security Market, 2018-2030 (US$M)