Jersey City, NJ, Nov. 22, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Hazard Vulnerability Analysis For Healthcare Facilities Market- (By Type (Natural Disasters (Floods, Earthquakes, Hurricanes, Others), Technological Hazards (Chemical Spills, Power Outages, Others), and Biological Hazards (Pandemics, Epidemics, Others)), By Healthcare Facility (Hospitals, Clinics, Long-term Care Facilities, Ambulatory Surgical Centres, and Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Hazard Vulnerability Analysis For Healthcare Facilities Market is expected to witness a CAGR of 7.36% during the forecast period of 2023-2031.
Hazard vulnerability analysis (HVA) is a scientific method for pinpointing potential threats to a hospital and its surrounding neighbourhood. The CMS Emergency Preparedness Rule also mandates risk assessments and HVAs. For healthcare facilities to remain accredited and in conformity with government and healthcare regulatory organization norms and standards, comprehensive hazard vulnerability analysis must be implemented. Market expansion can be attributable to expanding healthcare institutions' requirement for integrated risk management systems that involve hazard vulnerability analysis as a major component.
Natural disasters, including hurricanes, earthquakes, floods, and wildfires, are becoming more common and more devastating. Healthcare facilities are understanding the significance of doing extensive hazard vulnerability analysis. However, Healthcare institutions must ensure compliance with tight data protection requirements and maintain patient confidentiality at all times, which might delay the implementation of modern technology and data-driven hazard vulnerability analysis solutions. This is because polymer films are slow to decompose and might cause damage to the environment.
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List of Prominent Players in the Hazard Vulnerability Analysis For Healthcare Facilities Market:
- Joint Commission Resources (JCR)
- DNV GL Healthcare
- Aramark Healthcare
- Vizient Inc.
- Joint Commission International (JCI)
- HealthCare Consultants Inc.
- Smith Seckman Reid Inc. (SSR)
- Risk and Insurance Management Society (RIMS)
Hazard Vulnerability Analysis For Healthcare Facilities Market Report Scope:
| Report Attribute | Specifications |
| Growth Rate CAGR | CAGR of 7.36% from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Type, Healthcare Facility |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
Market Dynamics:
Drivers:
The growing demand for hazard vulnerability analysis for healthcare facilities is fueled by the increased frequency of severe weather events like hurricanes, earthquakes, floods, and wildfires. Healthcare facilities are realizing they require thorough hazard vulnerability analysis to guarantee they are ready for any eventuality. They also implement a complete hazard vulnerability analysis to ensure compliance with the government and healthcare regulatory bodies' stringent norms and regulations for the industry.
Challenges:
The prime challenge is a lack of awareness and high cost, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the hazard vulnerability analysis for the healthcare facilities market. Smaller healthcare facilities may struggle to afford the high upfront costs of implementing comprehensive hazard vulnerability analysis due to the need to purchase expensive equipment, train staff, and upgrade infrastructure.
The efficient adoption and maintenance of comprehensive risk assessment and mitigation techniques in healthcare settings might be hampered by a lack of competent staff in conducting hazard vulnerability analysis and designing effective risk management strategies. After the COVID-19 pandemic, Cybersecurity risks are increasingly being prioritized by healthcare organizations. While supply chain and financial organizations are prime targets for cybercriminals because of their significance to the economy, they are not the only ones that could be attacked. Cybersecurity assaults, such as data breaches, phishing, and ransomware, pose a particularly high risk to the healthcare industry.
Regional Trends:
The North American hazard vulnerability analysis for the healthcare facilities market is anticipated to register a major market share in revenue. It is projected to grow at a high CAGR in the near future due to technological advancements and affluence. North America dominates the market due to the region's well-established healthcare infrastructure, cutting-edge technology, and widespread awareness of the importance of catastrophe preparedness. Besides, Europe had a considerable share in the market because of rapid urbanization, rising healthcare expenditures, and an increasing number of natural disasters in the region.
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Segmentation Of Hazard Vulnerability Analysis For Healthcare Facilities Market-
By Type-
- Natural Disasters
- Floods,
- Earthquakes,
- Hurricanes,
- Others
- Technological Hazards
- Chemical Spills,
- Power Outages,
- Others
- Biological Hazards
- Pandemics,
- Epidemics,
- Others
By Healthcare Facility-
- Hospitals
- Clinics
- Long-term Care Facilities
- Ambulatory Surgical Centers
- Others
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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