REPORT HIGHLIGHT
Hospital Security Systems Market size was valued at USD 14,124.9 Million in 2022, expanding at a CAGR of 11.1% from 2023 to 2030.
The healthcare industry is grappling with increasing security risks on a global scale, with hospitals being a primary target due to their easy accessibility and valuable infrastructure, which attracts various types of criminals. Hospitals face a unique challenge of maintaining a balance between security and safety while providing medical services under budget constraints. As a result, the hospital security systems market has seen significant growth, aiming to ensure quality care for patients and safety for staff and visitors alike.
Hospital Security Systems Market - Market Dynamics:
- Increasing critical need to secure health facilities and protect vulnerable information within health infrastructures to propel market demand
- The healthcare security systems market is primarily driven by the critical need to secure health facilities and protect vulnerable information within health infrastructures. The growing concern for physical and data security has created a demand for advanced surveillance and access control solutions. These security systems enable authentication and validation of information, addressing security concerns in various health organizations. Additionally, the rising prevalence of security threats, vandalism, and data theft further boosts the adoption of security solutions.In the near future, there is expected to be a significant increase in the adoption of healthcare security systems by health facilities. These systems incorporate cutting-edge technology with high-end features, allowing centralized security control for perimeters, entrances, and doors. Enhanced surveillance capabilities help prevent unauthorized access through the use of sensors, CCTVs, and other controlled technologies. Moreover, the expansion of the healthcare sector, with a growing number of hospitals and health institutions, also contributes to the market's growth. As a result, the supply rate of healthcare security systems is expected to increase significantly during the forecast period.
Hospital Security Systems Market - Key Insights:
- In line with the findings presented by research consultant, the global Hospital Security Systems market is estimated to grow annually at a CAGR of around 11.1% over the forecast period (2023-2030)
- The Hospital Security Systems industry is projected to grow at a significant rate due to critical need to secure health facilities and protect vulnerable information within health infrastructures
- Based on technology segmentation, Access Control Systems was predicted to show maximum market share in the year 2022
- Based on product type segmentation, hardware was the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Hospital Security Systems Market- Segmentation Analysis:
- The Global Hospital Security Systems Market is segmented on the basis of Product Type, Deployment, Technology, End User, and Region.
- The market is divided into three categories based on product type: Hardware, software and services. In 2022, the hardware segment held a dominant position in the market. Hardware components like access control devices and CCTV cameras may have higher upfront costs
- The market is divided into five categories based on technology: Access Control Systems, CCTV, Intrusion Detection Systems, RFID and Others. The Access Control Systems segment accounted for largest share of the overall market share in 2022. Access Control Systems are considered most crucial for ensuring the safety and security of a hospital facility. Access Control Systems allow hospitals to regulate and manage access to different areas within the premises. By using key cards, biometric scans, or other authentication methods, these systems permit authorized personnel to enter restricted areas while keeping unauthorized individuals out. This helps prevent unauthorized access to sensitive areas like patient rooms, laboratories, medicine storage, and operating rooms, reducing the risk of theft, privacy breaches, and potential harm to patients and staff. Access Control Systems play a vital role in maintaining a secure and controlled environment in hospitals, making them a top priority for enhancing security measures
Hospital Security Systems Market- Competitive Landscape:
Companies are creating and offering integrated security solutions that combine hardware, software, and services to provide hospitals with a holistic approach to security. These solutions may include access control systems, CCTV surveillance, intrusion detection systems, visitor management, and identity verification technologies. Companies are continuously innovating and upgrading their security products and software to keep pace with the evolving security threats and challenges. Advancements in biometrics, artificial intelligence, video analytics, and cloud-based solutions are being incorporated to improve the effectiveness and efficiency of hospital security systems
Recent Developments:
September 2022, Axon a leading provider of connected public safety technologies, revealed its partnership with Wellstar Health to enhance hospital security measures across various Georgia hospital campuses. As part of this collaboration, Wellstar Health will equip its security officers with de-escalation tools and training, along with TASER 7 energy devices. This initiative aims to bolster safety and security in healthcare facilities, ensuring that hospital security officers are equipped with effective resources to handle potential escalations while prioritizing patient and staff well-being.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL HOSPITAL SECURITY SYSTEMS MARKET KEY PLAYERS
- Honeywell International
- Johnson Controls
- Schneider Electric
- Bosch Security Systems
- Stanley Security
- Siemens AG
- Securitas
- Cisco Systems
- Seico Security
- Matrix Systems
- Tyco International
GLOBAL HOSPITAL SECURITY SYSTEMS MARKET, BY PRODUCT TYPE
- Hardware
- Software
- Services
GLOBAL HOSPITAL SECURITY SYSTEMS MARKET, BY DEPLOYMENT
GLOBAL HOSPITAL SECURITY SYSTEMS MARKET, BY TECHNOLOGY
- Access Control Systems
- CCTV
- Intrusion Detection Systems
- RFID
- Others
GLOBAL HOSPITAL SECURITY SYSTEMS MARKET, BY END USER
- Public Hospitals
- Private Hospitals
- Other Medical Institutes
GLOBAL HOSPITAL SECURITY SYSTEMS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA