Global Healthcare Security System Market – Overview
Protection and safety of patients is an important goal for every hospital small or big. Healthcare resources are scarce and are needed to be protected from robbery. These resources are vital for the patients as well as the healthcare provider. Hence, security system play an important role in healthcare sector. There are number of devices for security of patients and resources in healthcare like camera, radiofrequency identifiers, alarms, and many other types of security devices. Demand of security system in increasing with an increasing emphasis on patient’s security & wellness, improving quality of care provided in the hospital, growing patient pool, need for security of infants in hospitals, as well as availability of wide of surety systems. Radiofrequency identifier is one of the most widely used security devices across the globe. Restrains for this market are high cost of security devices and system failure at the time of emergency as well as unavailability of backup in hospitals.
Further as cyberattack become a gradually common event, healthcare professionals must push security to the front. As of now, the state of healthcare security has opportunity for development in both the hospital and medical device setting in the healthcare industry. Healthcare organizations spend an average of 4% to 6% of IT budget on security, a much lower percentage when associated to the 12 to 15 percent investment of the financial industry. The low capital by healthcare organization may explain why 94 percent of medical institutions have experienced a cyber-attack. Regrettably, the security of medical devices is also abandoned because most vendors are stuck trying to find skilled developers and build security awareness.
On the other hand, high cost of security devices like radiofrequency identifiers may restrain the growth of this market. Global Healthcare security systems market is expected to grow at a CAGR of 9.5% during forecast period 2017 to 2023.
Healthcare Security Systems Applications and Segmentation:
Healthcare security systems applications by type are System Integration, Maintains and support service, system design and installations, by 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. Healthcare security services By 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).
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Competitive Analysis:
ADT LLC dba ADT Security Services (U.S.), Avigilon (Canada), STANLEY Healthcare (France), Seico Security (U.S.), Cisco Systems, Inc. (U.S.), Atos SE (Germany), Johnson Controls (U.S), Allied Telesis, Inc. (U.S.) others are some of the prominent players and some major vendors includes Siemens AG, Bosch Security Systems, Tyco Integrated Security, Honeywell International, Inc., Schneider Electric, Nedap Security Management at the forefront of competition in the Global Healthcare Security System Market and are profiled in MRFR Analysis.
New Launches in Global Healthcare Security System Market:
G4S launches new portable security system to protect patients. G4S, an integrated security company, has launched a portable monitoring system for vulnerable patients who have psychiatric disorders or cognitive conditions. Virtual Patient Watch is a security system that monitors patients and sends out an alarm if someone tries to get out of bed or has behavior that requires immediate medical attention. It is designed to enhance monitoring and security of patients who have psychiatric illnesses or cognitive conditions like Alzheimer’s and dementia. G4S is able to provide both the technology and security staff specifically trained for this environment, unlike any other solution on the market
Regional Market Analysis:
North America (US)
The pressure of security risks is growing in the Healthcare industry; this is due to Hospitals which are being targeted frequently as they are the have most easily accessible premises. Hospitals have huge infrastructure and most of the major hospitals are in the prominent areas of the city hence they become an obvious target for crime and terrorism, according to the crime and security trends 154 shooting have taken place in hospitals and health care facilities worldwide in 2011, this trend also states that 98% hospitals and healthcare facilities in the United States of America experience crime and terrorism. Thus these institutions and facilities are facing problems in providing treatment and services to their customers and patients with the fear of security. Thus all the healthcare institutes have made it essential to install security systems in their organizations.
With players like BOSH securities systems and STANLEY securities in US the market is already in the growth stage and soon heading towards maturity. Security playing major role in the healthcare industry the healthcare security system market will have huge demand and the growth of this market will be phenomenal.
Europe
In Europe prison population is growing at a high rate as per EU stats in 2012 there were about 643000 prisoners in Europe excluding Scotland and this number increased by 7% in 2013. With increasing crime and prisoners in Europe Hospitals, healthcare organizations and institutions are taken major steps in protecting their patients, customers and employees by prioritizing healthcare security systems in their Organizations and institutions. Increase In the healthcare security systems will lead to increase in the prices of healthcare services, but Europe has a growing GDP and Economy, hence pricing will not be an issue in the European healthcare industry as long as good security and services are provided. With demand for health care security systems the European market for healthcare security system is a growing market with huge potential.
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