These devices have now become such an integral aspect of healthcare that they have their own moniker: The Internet of Medical Things (IoMT).
While the medical possibilities of this tech are great, so are the potential risks of cybersecurity threats or possibly even cyberattacks.
Recent market data indicates that the Latin American cybersecurity market was valued at $1.16b in 2024 and is projected to grow to $5.47b by 2033.
Current estimates and projections place the overall IoMT market value at over US$7.5 billion in 2024, with a projection of over US$25 billion by 2033.
[5] What’s more, concerns over cybersecurity risks in the region are active and spreading, as the survey data and market projections for healthcare cybersecurity seem to indicate.