Healthcare Security Systems Market Research Report: By Type (CCTV System, RFID Tags), Surveillance System (Video Surveillance, Surveillance Cameras), Application (Surgical Equipment, Medical Devices), End-User (Hospital, Clinics)– Forecast 2023
Healthcare Security Systems Market Scenario:
Healthcare facilities deal with resources having high sensitivity such as patient records, medications and medical supplies, with abuse potential and others. Healthcare facilities also need to control visitors, patients and as such have a higher responsibility and liability than other facilities. Healthcare security systems is a comprehensive suite of applications and systems designed to meet the needs of healthcare facilities. The healthcare security systems market is poised to grow at a double-digit CAGR growth during the forecast period.
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Healthcare Security Systems Market Dynamics:
Growing concerns about patient’s information and life security, presence of sensitive data and medicines with an abuse potential, ethical healthcare needs of preserving patients’ rights, growth of large hospitals, and others are drivers of the market. The growing complexity of hospital operations such as visitor’s traffic, open access in multiple buildings, are also charging the market. The growing presence of sensitive drugs and diagnostics such as radiopharmaceuticals and growing stringency of regulations are driving the market. The rising cost of noncompliance is further fueling the market.
The high cost of the systems, lack of awareness and concerns over security of information are key restraints on the market. Further need for operation restructuring, physical mapping, need of I.T. systems and policies, lack of trained manpower and others are constraining the market.
Healthcare Security Systems Market Segmentation:
The healthcare security systems market is divided by type, product, end users and regions.
Type – system integration, maintains and support service, system design and installations
Product Access – control system, smart cards, readers, biometric systems, chipper locks, wireless locks, fire safety system, radio frequency identification system, infant security system and video surveillance system.
End Users – Clinic and public health laboratories, standard developed organizations, pharmaceuticals vendors, EHR (electronic health record) and PHR (Personal Health Record) vendors, healthcare IT vendors, clinical decision support system vendors, lab vendors, HIS Vendor and Health care institutions (Hospitals, long term care, Home care, Mental health).
Healthcare Security Systems Market Regional Analysis:
North America leads the global Healthcare Security Systems Market on account of large demand generated by the U.S. The growing size of multispecialty hospitals with large infrastructure is the critical driver of the market. According to the crime and security trends 154 shooting have taken place in hospitals and health care facilities worldwide in 2011 and almost 98% hospitals and healthcare facilities in the United States of America experience crime and terrorism of some kind. The presence of large players such as Bosh securities systems and Stanley securities in the U.S. also fuels the market.
Europe is the second largest market led by Germany, U.K. and France. Europe is followed by the Asia Pacific region led by Japan, China, Australia and India. Japan market has been saturated which is leading a shift towards China and India.
Middle East and Africa market is expected to generate a moderate growth and is dominated by Gulf Economies of Saudi Arabia and UAE.
Healthcare Security Systems Market Analyzed by Key players:
Some of the key players in the hospital security systems market are Cisco Systems, Inc. (U.S.), ADT Corporation (U.S.), Atos SE (France), Allied Telesis, Inc. (U.S.), Seico Security Systems (U.S.), Avigilon Corporation (Canada), Schneider Electric SE (France), Tyco Security Products (U.S.), Nedap (Netherlands) and others
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