Hospital Security Technology Market to More Than Quadruple by 2032
A study has found that the global hospital security systems market is projected to grow to $51 billion in the next nine years.
By 2032, the global hospital security systems market is expected to grow from $12.5 billion to $51 billion. The systems covered in the report include access control, video surveillance, intrusion detection, emergency notification, and more.
The rise in hospital security technology investment is being prompted by the increased rate of workplace violence in hospitals, according to EnterpriseAppsToday. Numerous reports of the rise in incidents have been covered by Campus Safety.
For example, last year, the number of hospital employees in Minnesota who had to miss work so they could recover from the on-the-job assaults they experienced more than tripled from 90 in 2019 to 280 in 2020, according to the U.S. Bureau of Labor Statistics. Security officers experienced the biggest increase in workers compensation claims, from 33 in 2018 to 77 in 2020.
Another 2022 study of 950 nurses conducted by the Minnesota Nurses Association found that 75% of the participants had observed or experienced physical violence at work over the past two years. Despite the widespread violence, nearly half of the victims didn’t report what happened to them.
The increase in demand for hospital security technology is also being fueled by government efforts to improve the infrastructure of healthcare facilities, and more investment in security technology by healthcare organizations, according to the report.
The report estimates that healthcare facilities in North America will be the organizations most likely to acquire security systems. Additionally, as the U.S. population ages, there will be a growing demand for healthcare services, which will lead to more security system installations.
Surveys conducted by Campus Safety over the past couple of years appear to support these findings. For example, in the 2021 Campus Safety Access Control and Lockdown Survey, 84% of respondents said they purchased card and/or biometric access control systems. That’s 22 percentage points more than what was revealed in our 2019 survey on this topic.
New regulations and proposed legislation are also prompting the increased investment in hospital security technologies.
In November, the Department of Health and Human Services Centers for Medicare and Medicaid Services (CMS) warned hospitals that they must protect their employees and patients from violence that is increasingly happening at healthcare facilities. Additionally, the Occupational Safety and Health Administration (OSHA) has identified violence in healthcare settings as a significant occupational risk. It recently convened a panel that is considering implementing a possible workplace violence in healthcare and social assistance rule, reports Littler.
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