Global Hospital Visitor Management Market to Grow at a CAGR of 7.6% by 2027| Industry Crucial Plyers- HID Global Corporation, InVentry Ltd., Jolly Technologies Inc., Quantum Secure Inc., Alert Enterprise, Honeywell International Inc.

Research Nester released a report titled “Hospital Visitor Management Market: Global Market Study 2027” which delivers detailed overview of the global hospital visitor management market in terms of market segmentation by deployment type, by hospital size and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global hospital visitor management market is anticipated to record a CAGR of around 7.6% over the forecast period i.e. 2019-2027. The market is segmented by deployment type & hospital size. The market is segmented by deployment type into on-premise VMS and cloud based VMS and by hospital size into small, medium and large hospitals.

Healthcare facilities are facing rising number of security threats such as patient record privacy breaches and workplace violence. In order to maintain security, the facilities must manage people entering the building. The solution is visitor management systems in hospitals in order to ensure security in the facilities of the hospital along with efficiently managing the visitors. Instead of making the visitors wear the tags and re-issuing the tags with expiration of validity, visitor management app generates auto generated passes with validity periods for different visitors such as new visitors, patient visitor, patient attendants, staff etc. This makes the work easier and increases the efficiency of the virtual management systems in the hospitals.

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Geographically, the market in North America region is anticipated to hold leading shares in the overall hospital visitor management market during the forecast period. This can be attributed to the high importance of security and safety on the work premises especially in hospitals in this region and growing support related to infrastructure improvement in deploying the VMS. The rising standards for security in various sectors, especially in healthcare is anticipated to significantly boost the growth of the market in Asia Pacific region.

Rising Awareness and Need for Paperless Administration

There is a growing demand for paperless management in various organizations, especially hospitals where large number of people visit on a daily basis owing to the time taken by maintaining data through paper work. Therefore, there is a high need of implementing software based management system that would lead to ease in maintaining records and retaining them when in need. Moreover, associations and governments of different nations are drafting strict regulations and policies for maintaining records of the visitors and regulating security. Such factors are anticipated to significantly boost the market revenue in upcoming years.

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However, high cost of installation and maintenance of visitor management system software and late customer adaptation are expected to operate as key restraints to the growth of the global hospital visitor management market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global hospital visitor management market which includes company profiling of HID Global Corporation, InVentry Ltd., Jolly Technologies Inc., Quantum Secure Inc., Alert Enterprise, Honeywell International Inc., and Parabit Systems. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hospital visitor management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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