Market overview
The global medical device cyber risk quantification market is worth USD 244 mn in 2026 and is forecast to reach USD 986 mn by 2036, growing at a 15.0% CAGR. United States is the largest country market and Asset discovery and inventory is the largest by solution segment.
| Scope | Software platforms that find connected medical devices in hospitals, score their cybersecurity risk and prioritise fixes: asset discovery, vulnerability management and risk quantification for hospitals and device makers. |
|---|---|
| Industry | Healthcare |
| Value 2025 | USD 210 mn |
| Value 2026 | USD 244 mn |
| Value 2036 | USD 986 mn |
| CAGR 2026-2036 | 15.0% |
| Volume 2026 | 3.48 thousand subscriptions |
| Volume 2036 | 14.1 thousand subscriptions |
| Average price 2026 | USD 70,000 per subscription |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Medical Device Cyber Risk Quantification market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 244 mn |
| 2027 | USD 280 mn |
| 2028 | USD 322 mn |
| 2029 | USD 370 mn |
| 2030 | USD 426 mn |
| 2031 | USD 490 mn |
| 2032 | USD 563 mn |
| 2033 | USD 648 mn |
| 2034 | USD 745 mn |
| 2035 | USD 857 mn |
| 2036 | USD 986 mn |
Medical Device Cyber Risk Quantification market segmentation
By solution
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Asset discovery and inventory | 34.0% | 25.1% | USD 83 mn | 11.6% |
| Vulnerability and risk scoring | 32.0% | 33.5% | USD 78 mn | 15.5% |
| Threat detection and response | 22.0% | 25.1% | USD 54 mn | 16.5% |
| Premarket and software bill-of-materials tools | 12.0% | 16.2% | USD 29 mn | 18.5% |
By buyer
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Hospitals and health systems | 72.0% | 67.3% | USD 175 mn | 14.2% |
| Medical device manufacturers | 20.0% | 26.4% | USD 49 mn | 18.2% |
| Payers and others | 8.0% | 6.3% | USD 19 mn | 12.2% |
By risk domain
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Patient safety impact | 30.0% | 29.0% | USD 73 mn | 14.6% |
| Data privacy impact | 22.0% | 20.0% | USD 54 mn | 13.9% |
| Operational downtime | 26.0% | 26.0% | USD 63 mn | 15.0% |
| Regulatory and financial exposure | 22.0% | 25.0% | USD 54 mn | 16.5% |
By delivery
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Software-as-a-service | 48.0% | 58.0% | USD 117 mn | 17.2% |
| Licensed software | 30.0% | 24.0% | USD 73 mn | 12.5% |
| Advisory services | 22.0% | 18.0% | USD 54 mn | 12.7% |
By device class
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Class III implantables | 24.0% | 22.0% | USD 58 mn | 14.0% |
| Class II connected devices | 48.0% | 47.0% | USD 117 mn | 14.8% |
| Hospital networked equipment | 28.0% | 31.0% | USD 68 mn | 16.2% |
Top 25 countries for medical device cyber risk quantification by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 93.0% of 2026 revenue and the 25 countries below together hold 97.9%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 151 mn | 62.0% | USD 620 mn | 15.2% |
| 2 | United Kingdom | USD 15 mn | 6.0% | USD 57 mn | 14.6% |
| 3 | Germany | USD 12 mn | 5.0% | USD 45 mn | 14.1% |
| 4 | Canada | USD 9.7 mn | 4.0% | USD 38 mn | 14.7% |
| 5 | Australia | USD 7.3 mn | 3.0% | USD 30 mn | 15.0% |
| 6 | France | USD 7.3 mn | 3.0% | USD 28 mn | 14.2% |
| 7 | Israel | USD 7.3 mn | 3.0% | USD 30 mn | 15.0% |
| 8 | Japan | USD 7.3 mn | 3.0% | USD 27 mn | 13.8% |
| 9 | Netherlands | USD 4.9 mn | 2.0% | USD 19 mn | 14.4% |
| 10 | Singapore | USD 4.9 mn | 2.0% | USD 21 mn | 15.6% |
| 11 | Italy | USD 1.9 mn | 0.8% | USD 7.6 mn | 15.2% |
| 12 | Spain | USD 1.7 mn | 0.7% | USD 6.8 mn | 15.2% |
| 13 | Switzerland | USD 1.3 mn | 0.5% | USD 5.4 mn | 15.2% |
| 14 | Sweden | USD 1.2 mn | 0.5% | USD 4.8 mn | 15.2% |
| 15 | Denmark | USD 1.1 mn | 0.4% | USD 4.3 mn | 15.3% |
| 16 | Belgium | USD 0.90 mn | 0.4% | USD 3.7 mn | 15.3% |
| 17 | South Korea | USD 0.73 mn | 0.3% | USD 3.0 mn | 15.0% |
| 18 | Ireland | USD 0.63 mn | 0.3% | USD 2.7 mn | 15.4% |
| 19 | Norway | USD 0.58 mn | 0.2% | USD 2.4 mn | 15.0% |
| 20 | Poland | USD 0.46 mn | 0.2% | USD 1.9 mn | 15.0% |
| 21 | Taiwan | USD 0.41 mn | 0.2% | USD 1.7 mn | 15.0% |
| 22 | Brazil | USD 0.37 mn | 0.1% | USD 1.5 mn | 15.0% |
| 23 | India | USD 0.29 mn | 0.1% | USD 1.3 mn | 15.9% |
| 24 | Finland | USD 0.27 mn | 0.1% | USD 1.1 mn | 15.0% |
| 25 | Austria | USD 0.22 mn | 0.09% | USD 0.89 mn | 15.0% |
| Rest of world | USD 5.1 mn | 2.1% | USD 23 mn | 16.1% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Claroty
- Armis
- Palo Alto Networks
- Nozomi Networks
Group 2: Regional and specialist players
- Asimily
- Forescout
- Medcrypt
- Ordr
- Tenable
Group 3: Emerging and niche players
- Cylera
- Censinet
- Finite State
- Phosphorus Cybersecurity
- Virta Labs
- Medsec
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the medical device cyber risk quantification market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 15.0% is calculated from the resulting values.
The market is divided by solution, by buyer, by risk domain, by delivery, by device class. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the medical device cyber risk quantification market?
The global medical device cyber risk quantification market is estimated at USD 210 mn in 2025 and USD 244 mn in 2026.
How fast will the medical device cyber risk quantification market grow?
It is forecast to reach USD 986 mn by 2036, a compound annual growth rate of 15.0% from 2026, an increase of USD 742 mn.
Which country is the largest market for medical device cyber risk quantification?
United States is the largest market by revenue at USD 151 mn in 2026, 62.0% of the global total. The three largest countries together hold 73.0%.
Which country is growing fastest?
Among the ten largest markets, Singapore is growing fastest at 15.6% a year from 2026 to 2036.
Which medical device cyber risk quantification segment is largest?
In the by solution split, Asset discovery and inventory is the largest segment with 34.0% of 2026 revenue.
Who are the leading medical device cyber risk quantification companies?
Global leaders include Claroty, Armis, Palo Alto Networks, Nozomi Networks.
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