Global Hospital Security Systems Market Size, Trends, and Analysis- Forecasts To 2026 By Type (Maintenance and Support Services, System Design and Installation, System Integration), By Product (Infant Security Systems, Duress/Emergency Notification Systems, Vehicle Inspection Systems, Access Control Systems, Intrusion Detection Systems, Video Surveillance Systems, License Plate Recognition Systems, Fire Safety Systems, Virtual Fencing Systems, Video Analytics Solutions, Vehicle Tracking Systems), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East & Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Hospital Security Systems Market: Insights
Globally the healthcare industry is subjected to the pressure of data security threats, as they are the most readily accessible source for data and information and the hospital infrastructure is valuable to various types of criminals. As healthcare institutions deal with critical problems and patient-related details, there is a growing need to protect healthcare facilities from fraud, assault, and other illegal activities. During the projected timeline, the growing healthcare industry and increasing concerns about patient data and its security are expected to drive the growth. One of the major drivers for the growth is the rising demand for efficient management of large data sets produced as well as its efficient access to medical practitioners whenever required. Furthermore, the rising concern and significance of electronic health record systems, along with supporting government initiatives and policies, is projected to increase the demand for hospital security systems significantly between 2021 and 2026.
Hospital Security Systems Market: By Type
The market is segmented into maintenance & support services, system design & implementation, and system integration, as per the type-based outlook. The largest market share in 2019 was the design and implementation of the systems segment. This is attributed to the increasing demand for communication systems, implementation of multiple applications for health information, and adoption & installation of EHR systems.
Hospital Security Systems Market: By Product
This sector can be split into eleven segments, namely infant safety systems, duress/emergency warning systems, vehicle inspection systems, access control systems, intrusion detection systems, video monitoring systems, license plate recognition systems, fire safety systems, virtual fencing systems, solutions for video analytics and vehicle tracking systems, based on the type of product. In terms of market revenue sales over the projected timeline, the largest market shareholder is the access control systems. Access control systems come with various features available in several designs. Hospital access control systems, are unique and are more capable of controlling access to sensitive areas as compared to other products.
Hospital Security Systems Market: By Region
The region of North America is projected to boost the market over the projected timeline of 2021-2026. The growing requirement of patient safety measures and increasing funding by the government over the projected timeframe is expected to propel the regional growth. Increasing adoption of information technology in the healthcare industry and rising R&D investments would accelerate the development of market growth in the region. On the other hand, Asia Pacific will be the fastest-growing region due to the exponential growth of healthcare companies and the rising adoption of technologically advanced hospital security systems.
Hospital Security Systems Market: Share & Competitor Analysis
In this market, the key players competing are ADT Corporation, Schneider Electric SE, Allied Telesis, Inc., Tyco Security Products, Nedap, Avigilon Corporation, Atos SE, Cisco Systems, Inc., Seico Security Systems, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In February 2018, Atos launched its first comprehensive portfolio for healthcare organizations in cybersecurity
In May 2017, Cisco introduced an IoT security architecture for the healthcare system. Analytics, cloud security, malware defense, and other services are included in this new architecture.
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The Global Hospital Security Systems Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Hospital Security Systems Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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