About Hospital Security Systems
Hospital Security Systems are designed to keep staff, patients, vendors and visitors safe and to manage a secure and safe environment in healthcare facility. The security systems include vehicle inspection, emergency notification, fire safety, and others which provides a powerful security that helps to improve patient care and clinical efficiency. These systems provides organizations regulatory requirements of healthcare industry for security. The healthcare security systems are needed to prevent healthcare facilities from theft, assaults, and other criminal activities.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 17.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Hospital Security Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Avigilon Corporation (Canada), Schneider Electric SE (United States), Cisco Systems, Inc. (United States), Tyco Security Products (United States), Nedap Security Management (Netherland), Palo Alto Networks (United States), STANLEY Healthcare (France), Seico Security (United States), Atos SE (Germany) and Johnson Controls (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Allied Telesis, Inc. (United States), Bosch Security Systems (Germany) and Honeywell International, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hospital Security Systems market by Type (Fire Alarm, Carbon monoxide alarm, Burglar alarms, RFID tags, Access Control Systems, Infant Security System, Metal and explosive Detectors, CCTV System and Others), Application (Hospital, Clinics, Diagnostic Centre’s, Pharmacy and Laboratories) and Region.
On the basis of geography, the market of Hospital Security Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. System Design and Installation will boost the Hospital Security Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergency Preparedness for Hospitals and Healthcare Facilities
Market Growth Drivers:
Rising Threat of Bioterrorism, Increasing Incidences of Staff and Patients Assaults and Increasing Demand for Enhanced Security Systems
Challenges:
Increasing Incidents of Trespassing and Lack of Awareness in Undeveloped Countries Regarding the Security and Safety Systems
Restraints:
High Initial Cost for Installing Security System
Opportunities:
Need To Prevent Healthcare Facilities from Theft, Assault, and Other Criminal Activities
Market Leaders and their expansionary development strategies
In August 2023, HCA Healthcare, Inc. one of the nation’s leading healthcare providers, and Google Cloud today announced a new collaboration designed to use generative AI technology to improve workflows on time-consuming tasks, such as clinical documentation, so physicians and nurses can focus more on patient care.
In August 2023, HHS agency launches project to boost healthcare cybersecurity, The Advanced Research Projects Agency for Health is soliciting proposals for a project that would repurpose national security tech to protect the healthcare industry from cyberattacks.
Key Target Audience
Hospital Security Systems providers, Emerging Companies, Industry Investors, Analysts and Strategic Business Planners and End user industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.