The global Health care security market is projected to grow at a CAGR of 10%. Emerging healthcare technology & innovation are the driving force of this growth and therefore, is a prime priority. Healthcare security systems play a vital role in development. The nature of their business poses unique security challenges that can leave them susceptible to theft & internal misuse. From sensitive medical records & high-value clinical equipment to pharmaceutical & medical inventories, healthcare security has become top priority and is improving in conditions when addressing issues of theft, organized crime, fire & life safety issues and so on. There is need to provide safety facility for the patients, staff & healthcare workers ensuring the safety of sensitive information provided by the patients. In past few years there is rise in cybercrime & activity breaching the access in health care systems. In case of research & innovation, breach of access may lead to theft of data & leak of vital information. High cost of systems & less concern over data safety have led the cybercrimes in action. The Healthcare sector in the U.S. is spending about $3.5 trillion on security systems, according to the Centres for Medicare & Medicaid Services and the figure is projected to soar over the next decade.
Significant Rise in Insider Frauds
More than half of insider fraud incidents within the healthcare sector involve the theft of customer data, according to Carnegie Mellon University Software Engineering Institute (CMUSEI). National Insider Threat Centre (NITC) Incident Corpus, identified about 88 malicious insider incidents that were mapped to over 91 healthcare centres were directly victim of attack from 1996 till present. These incidents do not include unintentional insider threats who may have accidentally left a laptop at a bus stop or sent an email containing PHI to a party that it wasn't intended for. The health network accounted for major insider frauds. Almost 80% of frauds or threats are caused by insider employees, rest 20% is caused by the other factors. To avoid the rise in insider frauds many software manufactures have built a technology driven system. Ransomware attacks on healthcare organizations increased four times between 2017 & 2020, and are expected to grow to 5X by the end of 2021, according to a report from Cyber security Ventures. It is a need for the healthcare systems to prevent the cyber-attack or breach of access of information.
Exponential Increase in Cyber-Attack during Covid-19
Hacking patient’s medical devices is a common cyber-attack during the COVID-19 pandemic because more patients are using remote care. The temporary and makeshift medical facilities being used to care for people infected with the novel coronavirus have created more vulnerabilities for hackers to exploit.COVID-19 phishing exploded earlier this year, according to research from KnowBe4, a leading security awareness training provider. Attacks on network servers are on the rise, increasing from 23% of all attacks in January to October 2019 to 35% in the same period till 2020. Already overburdened healthcare IT and cyber security teams have been tasked to keep up on these new threats.
Training Remains a Key Challenge, Yet NA To Dominate
The Secretary of U.S. Department of Health and Human Services (HHS) Breach of Unsecured Protected Health Information lists592 breaches of unsecured protected health information affecting 500 or more individuals within the last 24 months that are currently under investigation by the Office for Civil Rights. 306 of the breaches were submitted in 2020. According to a recent survey24 % of U.S. health employees have never received cybersecurity awareness training, but felt they should have, according to a report analysed by Health IT Security last summer. Effective training enables the users to detect and react to phishing scams, which initiate more than 90 % of all cyber-attacks. Europe, Asia Pacific & other developing regions also have evidenced increasing cybercrime rate. Precautions should be taken to overcome the cyber-attacks as it leads to loss in business & also creates trust issues for the patients.
Key Players
The key players include Siemens AG, Bosch Security Systems, Tyco Integrated Security, Honeywell International, Inc, Schneider Electric, Emerson Electric Co, Cisco Systems, Inc, Avigilon Corporation, Nedap Security Management, ADT Security Services, STANLEY Healthcare, Seico Security, Atos SE, Johnson Controls, Allied Telesis, Inc. The strategy used is for long-term value creation through focus on innovation and precision.
Historical & Forecast Period
This report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Health Care Security System market are as follows:
- Research and development budgets of manufacturers and government spending.
- Revenues of key companies in the market segment.
- Number of end users and consumption volume, price and value.
- Geographical revenues generated by countries considered in the report.
- Micro and macro environment factors that are currently influencing the Health Care Security System market and their expected impact during the forecast period.
- The market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
- Electronic Access Control Systems
- Intercom & Emergency Communication
- Perimeter Protection
- Infant security
- Biometrics
- Video Surveillance
Technology
- On premises
- Cloud based
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Health Care Security System market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Health Care Security System market?
- Which is the largest regional market for Health Care Security System market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Health Care Security System market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Health Care Security System market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Health Care Security System Market
2.2. Global Health Care Security System Market, by Product, 2021 (US$ Million)
2.3. Global Health Care Security System Market, by Technology, 2021 (US$ Million)
2.4. Global Health Care Security System Market, by Geography, 2021 (US$ Million)
2.5. Impact of COVID-19
2.6. Attractive Investment Proposition by Geography, 2021
2.7. Competitive Analysis
2.7.1. Market Positioning of Key Health Care Security System Market Vendors
2.7.2. Strategies Adopted by Health Care Security System Market Vendors
2.7.3. Key Industry Strategies
3. Health Care Security System Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Health Care Security System Market Value, 2020-2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat of Substitutes
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Health Care Security System Market: by Product, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Electronic Access Control Systems
4.3.2. Intercom & Emergency Communication
4.3.3. Perimeter Protection
4.3.4. Infant security
4.3.5. Biometrics
4.3.6. Video Surveillance
5. Health Care Security System Market: by Technology, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. On premises
5.3.2. Cloud based
6. North America Health Care Security System Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Health Care Security System Market: by Product, 2020-2030, USD (Million)
6.3. Health Care Security System Market: by Technology, 2020-2030, USD (Million)
6.4. Health Care Security System Market: by Region, 2020-2030, USD (Million)
6.4.1. North America
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.1.3. Rest of North America
7. UK and European Union Health Care Security System Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Health Care Security System Market: by Product, 2020-2030, USD (Million)
7.3. Health Care Security System Market: by Technology, 2020-2030, USD (Million)
7.4. Health Care Security System Market: by Region, 2020-2030, USD (Million)
7.4.1. UK and European Union
7.4.1.1. UK
7.4.1.2. Germany
7.4.1.3. Spain
7.4.1.4. Italy
7.4.1.5. France
7.4.1.6. Rest of Europe
8. Asia Pacific Health Care Security System Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Health Care Security System Market: by Product, 2020-2030, USD (Million)
8.3. Health Care Security System Market: by Technology, 2020-2030, USD (Million)
8.4. Health Care Security System Market: by Region, 2020-2030, USD (Million)
8.4.1. Asia Pacific
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. India
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Rest of Asia Pacific
9. Latin America Health Care Security System Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Health Care Security System Market: by Product, 2020-2030, USD (Million)
9.3. Health Care Security System Market: by Technology, 2020-2030, USD (Million)
9.4. Health Care Security System Market: by Region, 2020-2030, USD (Million)
9.4.1. Latin America
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
10. Middle East and Africa Health Care Security System Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Health Care Security System Market: by Product, 2020-2030, USD (Million)
10.3. Health Care Security System Market: by Technology, 2020-2030, USD (Million)
10.4. Health Care Security System Market: by Region, 2020-2030, USD (Million)
10.4.1. Middle East and Africa
10.4.1.1. GCC
10.4.1.2. Africa
10.4.1.3. Rest of Middle East and Africa
11. Company Profiles
11.1. Siemens AG
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. Bosch Security Systems
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. Tyco Integrated Security
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. Honeywell International, Inc,
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. Schneider Electric
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Emerson Electric Co
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Cisco Systems, Inc
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. Avigilon Corporation
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Nedap Security Management
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. ADT Security Services
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. STANLEY Healthcare
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
11.12. Seico Security
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Portfolio
11.12.4. Strategic Initiatives
11.13. Atos SE
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Portfolio
11.13.4. Strategic Initiatives
11.14. Johnson Controls
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Portfolio
11.14.4. Strategic Initiatives
11.15. Allied Telesis, Inc
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Portfolio
11.15.4. Strategic InitiativesList of Figures
Figure 1. Global Health Care Security System Market: Market Coverage
Figure 2. Research Methodology and Data Sources
Figure 3. Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4. Global Health Care Security System Market: Quality Assurance
Figure 5. Global Health Care Security System Market, By Product, 2021
Figure 6. Global Health Care Security System Market, By Technology, 2021
Figure 7. Global Health Care Security System Market, By Geography, 2021
Figure 8. Global Health Care Security System Market, By Product, 2021 vs 2030, %
Figure 9. Global Health Care Security System Market, By Technology, 2021 vs 2030, %
Figure 10. U.S. Health Care Security System Market (US$ Million), 2020-2030
Figure 11. Canada Health Care Security System Market (US$ Million), 2020-2030
Figure 12. Rest of North America Health Care Security System Market (US$ Million), 2020-2030
Figure 13. UK Health Care Security System Market (US$ Million), 2020-2030
Figure 14. Germany Health Care Security System Market (US$ Million), 2020-2030
Figure 15. Spain Health Care Security System Market (US$ Million), 2020-2030
Figure 16. Italy Health Care Security System Market (US$ Million), 2020-2030
Figure 17. France Health Care Security System Market (US$ Million), 2020-2030
Figure 18. Rest of Europe Health Care Security System Market (US$ Million), 2020-2030
Figure 19. China Health Care Security System Market (US$ Million), 2020-2030
Figure 20. Japan Health Care Security System Market (US$ Million), 2020-2030
Figure 21. India Health Care Security System Market (US$ Million), 2020-2030
Figure 22. Australia Health Care Security System Market (US$ Million), 2020-2030
Figure 23. South Korea Health Care Security System Market (US$ Million), 2020-2030
Figure 24. Rest of Asia Health Care Security System Market (US$ Million), 2020-2030
Figure 25. Brazil Health Care Security System Market (US$ Million), 2020-2030
Figure 26. Mexico Health Care Security System Market (US$ Million), 2020-2030
Figure 27. Rest of Latin America Health Care Security System Market (US$ Million), 2020-2030
Figure 28. GCC Health Care Security System Market (US$ Million), 2020-2030
Figure 29. Africa Health Care Security System Market (US$ Million), 2020-2030
Figure 30. Rest of Middle East and Africa Health Care Security System Market (US$ Million), 2020-2030List of Tables
Table 1 Global Health Care Security System Market by Product, 2020-2030, USD (Million)
Table 2 Global Health Care Security System Market by Technology, 2020-2030, USD (Million)
Table 3 North America Health Care Security System Market by Product, 2020-2030, USD (Million)
Table 4 North America Health Care Security System Market by Technology, 2020-2030, USD (Million)
Table 5 UK and European Union Health Care Security System Market by Product, 2020-2030, USD (Million)
Table 6 UK and European Union Health Care Security System Market by Technology, 2020-2030, USD (Million)
Table 7 Asia Pacific Health Care Security System Market by Product, 2020-2030, USD (Million)
Table 8 Asia Pacific Health Care Security System Market by Technology, 2020-2030, USD (Million)
Table 9 Latin America Health Care Security System Market by Product, 2020-2030, USD (Million)
Table 10 Latin America Health Care Security System Market by Technology, 2020-2030, USD (Million)
Table 11 Middle East and Africa Health Care Security System Market by Product, 2020-2030, USD (Million)
Table 12 Middle East and Africa Health Care Security System Market by Technology, 2020-2030, USD (Million)
Companies Mentioned
- Siemens AG
- Bosch Security Systems
- Tyco Integrated Security
- Honeywell International Ltd
- Schneider Electric
- Emerson Electric Co
- Cisco Systems Ltd
- Avigilon Corporation
- Nedap Security Management
- ADT Security Services
- STANLEY Healthcare
- Seico Security
- Atos SE
- Johnson Controls
- Allied Telesis Ltd.
