Witness The Excellent Long-Term Growth Outlook Of Sound Masking System Market 2025 ($ 171.38 Million Market)
November 1, 2019 by Market-NewsFlash
The global sound masking system market is estimated to reach USD 171.38 million by 2025 at a CAGR 4.8% during the forecast period (2019–2025)
Growing adoption of sound masking system in the healthcare industry is expected to fuel the growth of the global sound masking system market. There are various sources in hospitals that produce unwanted sounds in hospital environments, such as alarms, machines, beepers, HVAC systems, conversations, and rolling carts. These can cause annoyance may be severely harmful to patients, depending on their medical conditions (i.e., hearing ability, age, medication intake, and pre-existing anxieties and fears). A poor acoustical condition in hospitals can negatively impact the patient’s physical conditions and may further worsen patient health.
Also, if patients are not assured of their privacy, they may show reluctance to provide complete information about their medical concerns or conditions to doctors, possibly putting their health condition at a greater risk. Therefore, the acoustics in a healthcare environment requires careful strategic designing to avoid such problems. The specific acoustical factors include supporting patient privacy and well-being; meeting standards and regulations of hospitals; and supporting confidential communication among hospital personnel. These acoustical factors need to be considered during the healthcare facility centers.
The adoption of sound masking system in the healthcare industry provides a comfortable acoustic environment ensuring safety, privacy, and health of all occupants. Additionally, maintaining speech privacy with the sound masking system in the healthcare environment helps to minimize medical errors as it supports open discussions among patients, doctors, and families that influence patient satisfaction. In this regard, the adoption of sound masking systems in the healthcare industry helps to improve acoustic privacy for patients.
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The prominent players profiled in the sound masking system market include Cambridge Sound Management (US), K.R. Moeller Associates Ltd (Canada), Soundmask Global Pty Ltd (Australia), Speech Privacy Systems (US), AtlasIED (US), AET (UK), SoftDB (Canada), Lencore (US), Jade Communications Inc.(US), Pro Circuit Inc. (US), and Dukane AV Inc. (US).
Geographic analysis of the sound masking system market spans across the US, Europe, China, Japan, India, South east Asia, Central and South America, and the rest of the world.
Europe accounted for the largest market share in 2018 the market is expected to register a CAGR of 4.2% during the forecast period. An Increase in government budgets and the launch of new technologies in the UK are some of the primary factors contributing to the growth of the global sound masking systems market. Leading companies such as Generation Digital Limited, Optima Contracting Ltd, Resonics, and AET GB Limited in this region are investing significantly in the research & development of sound masking technology so as to remain competitive in the market. In Germany, the small and medium-sized enterprises have started making use of sound masking technology for speech privacy and to avoid noisy disruptions in the workplace. Furthermore, Germany is one of the leading countries in terms of innovation and technology, having the presence of major players in the field of semiconductors, power electronics, and information and communication technology (ICT). Furthermore, some of the other factors that fuel the market to growth in the rest of Europe region include the increased inclination of the government towards speech privacy in defense and military areas, the growing technological literacy of people, and rising adoption of next-generation technologies among large enterprises and SMEs, which are supporting the domestic vendors to adopt the systems. Additionally, the expansion opportunities for the US-based market leaders in Western Europe are also considerably high, further paving the way for the growth of the sound masking systems market.
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