A new market research report by Future Market Insights on the Mass Notification System Healthcare Market examines and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global mass notification system in healthcare market value reached ~US$ 1 Bn in 2018. Over the forecast period of 2019-2029, the global mass notification system in healthcare market is expected to experience noteworthy growth, owing to significant growth of the healthcare infrastructure investments, rising smart devices penetration, and increasing digitalization in the healthcare sector.

Rising incidences of mass casualty is generating the demand for emergency communication platforms such as mass notification system in healthcare centres. Moreover, these rising incidences are creating huge opportunities for IP-based software and other related devices providers to offer real-time communication solutions, which enable an organization to connect with multiple channels and provide enhanced communication services.

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Product Type – Maximum Growth in Distributed or Hybrid Mass Notification Systems

Although the in-building mass notification system holds the greatest market share in 2017, the distributed or hybrid mass notification system is predicted to record a CAGR of 19.3% for the forecast period, considerably higher than its counterparts in the mass notification system in healthcare market. Companies are advised to focus their attention on distributed or hybrid mass notification systems in the mass notification system in healthcare market.

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End User – Hospitals Losing Share to Nursing Homes and Long Term Care

There is an increasing preference among patients to be treated from the comfort of their own homes or in nursing homes, avoiding hospitals altogether and this has never been more prominent than in the 21^st century. Nursing homes are projected to be a larger market opportunity than long term care by 2027 and are estimated to be worth just under US$ 470 million by then. Long term care should cross a value of US$ 225 million in 2027 but its high CAGR in the mass notification system in healthcare market warrants attention.

Competition Dashboard in the Mass Notification System in Healthcare Market

The companies profiled in the mass notification system in healthcare market report are Eaton Corporation, Honeywell International Inc., Siemens AG, AtHoc, Everbridge, ONSOLVE, Singlewire Software, Desktop Alert, Mircom Group of Companies, Alert Media Inc., and Spok.

Key Takeaways

Ambulatory surgical centres are witnessing rapid growth because of a preference for outpatient surgery. There is massive potential in this segment along with nursing homes and long term care. Therefore, vendors are recommended to target these over hospitals in the mass notification system in healthcare market with customized solutions based on the individual requirements of these respective end-users.

Mass Notification System in Healthcare Market – Key Research Findings

1. The global mass notification system in healthcare market value attained the one billion mark in 2018.
2. The mass notification system in healthcare market is expected to grow at a CAGR of ~14% during the forecast period of 2019-2029.
3. Increasing number of healthcare centres across the globe and growing demand for deployment of real-time communication systems in healthcare organizations are key factors that are boosting the growth of the mass notification system in healthcare market.
4. North America remains a prominent region for the mass notification system in healthcare market, which accounted for a revenue share of ~50% in 2018. However, the market in APEJ (Asia Pacific Excluding Japan) is expected to witness high growth rate and expand at a CAGR of ~19% during the forecast period.
   • Countries in Western Europe and Asia Pacific Excluding Japan are expected to create potential growth opportunities for stakeholders in the mass notification system in healthcare market, owing to increasing investments for the betterment of healthcare infrastructures, rapid digitalization, and strong economic growth.
5. In order to offer advanced solutions and fulfil the growing demand for cloud-based solutions, providers of mass notification system in healthcare are focusing on collaborations and partnerships with other players in the market. These strategies can help offer end users with the innovative healthcare solutions and help them with faster and smarter clinical communications.
   • In February 2019, Spok, Inc. introduced the upgraded evolution of its healthcare communication platform, Spok Care Connect, which is powered by Amazon Web Services. This new platform is designed with a cloud-native architecture that helps in simplifying product configuration and installation to offer customers with self-service capabilities.

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Mass Notification System in Healthcare Market: Segmentation

Solution

• In Building
• Outdoor
• Distributed/
• Hybrid

Deployment

• Cloud-based
• On-premises
• Hybrid

End User

• Hospitals
• Clinics
• Nursing Home
• Long Term Care
• Ambulatory Surgical Centers