The Mass Notification System in Healthcare Market is forecasted to reach US$ 1,521.5 Mn in 2022, a valuation of US$ 3,326.5 Mn by 2027 and exhibit a remarkable 16.9% CAGR between 2022 and 2027. With advancements in wireless technology and increasing penetration of smart devices in healthcare associations, digital healthcare innovations are emerging and impacting clinical and business processes, according to FMI’s analysis. These improvements are creating potential growth opportunities for the mass notification system in the healthcare market.
| Base year (2022) Market Value | US$ 1,521.5 Mn |
| Projected year (2027) Value | US$ 3,326.5 Mn |
| CAGR% (2022-2027) | 16.9% |
| Top 5 Vendor Market Share | Around 20% |
This digital revolution is creating the need for a mass notification system in healthcare to deliver a faster, safer, and effective care for patients and for quick response time in case of emergencies. Moreover, with the emergence of IoT, providers of mass notification systems in healthcare are focusing on offering integrated solutions with IoT technologies and providing standalone systems.
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As the healthcare sector continues to aggressively expand in developed and developing countries, it is expected that multiple opportunities will be created for key players in the mass notification system in healthcare market in the near future.
According to the report, the rise of IoT is also generating potential growth opportunities for service providers of mass notification system in healthcare to integrate their solutions with IoT technologies in order to provide standalone systems. Moreover, the growing need for real-time communication solutions for enhanced communication services is also one of the major factors boosting the growth of the mass notification system in healthcare market.
Target of Operational Expansion in Western Europe and Asia Pacific
Providers of mass notification system in healthcare are continuously focusing on increasing their businesses across countries in Western Europe and Asia Pacific such as Germany, U.K., India, and China. The implementation of various regulations in the healthcare sector of these countries are creating potential growth opportunities for the mass notification system in healthcare market. Furthermore, continuous increase in the healthcare spending along with robust economic growth of these countries are propelling the growth of the mass notification system in healthcare market.
For instance, according to the Economic Intelligence Unit, the healthcare spending of Western Europe and Asia Pacific is expected to increase with a CAGR of ~5% and ~6% respectively.
Increasing Demand for Real-time Communication System
Most of the healthcare organizations are majorly focusing on real-time communication system to provide instant and secure messages which is creating potential growth opportunities for the mass notification system in healthcare market. Moreover, various healthcare organizations are ready to invest on advanced technologies such as distributed-recipient mass notification system, which is expected to be one of the key growth opportunities for providers of mass notification system in healthcare platform.
Advancement in IT Systems and Healthcare Technologies
Rapid advancements in IT systems and healthcare technologies play an important role in fueling the growth of the mass notification system in healthcare market. With the rapid development in the mobile health technology to improve patient care experience and care team communication, the adoption of mass notification system in healthcare is increasing. Furthermore, increasing use cases of mass notification system in healthcare is amplifying the competition and resulting in product developments and differentiation strategies by providers of mass notification system in healthcare sector.
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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
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