A new report added to the repository of Market Research Reports Search Engine “Nurse Call Systems Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 - 2025” is a comprehensive repository of information, providing market share, size, and forecast.
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The demand in the global nurse call systems market is projected to expand at a strong CAGR of 10.9% during the forecast period of 2017 to 2025, and estimated to reach a valuation of US$2,665.98 mn by the end of 2025. This market is gaining traction from a number of factors, such as escalating geriatric population, increased healthcare budget in both developed and developing countries, technological advancements that have added the efficiency of these systems, and prevalence of chronic diseases. On the other hand, high cost of implementation, strict government regulations, and the lack of trained professionals of healthcare and IT are a few hindrances obstructing the global nurse call systems market from achieving its true potential.
IP-Based Nurse Call Systems Profitable Equipment-type Segment
On the basis of equipment-type, the global nurse call systems market has been segmented into digital nurse call systems, IP-based nurse call systems, nurse call intercoms, basic audio/visual nurse call systems, and nurse call mobile systems. In 2016, the IP-based nurse call systems segment accounted for maximum demand, owing to its flexible nature of being installed in phases. Moreover, the growing demand for installation of these systems would aid the market growth. For instance, in August 2016, Azure Healthcare Ltd received a US$ 1.1 mn purchase order from a hospital in North America for the supply of Internet protocol (IP) based ‘Tacera’ nurse call system.
Based on communication technology, the market has been segmented into wireless communication and wired communication. Wired communication is anticipated to record significant growth during the forecast period, owing to the existence of traditional wired systems and various government regulations mandating wired infrastructure in acute care settings. In terms of end-users, hospitals provide the maximum chunk of demand in the global nurse call systems market, considerably more than other end-user categories, viz. assisted living centers, nursing homes, and clinics.
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North America Leads, but Asia Pacific Projected for Better Growth Rate
Geographically, the report studies the potential of nurse call systems market in the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Owing to rapidly increasing geriatric population and and increased demand for assisted living centers, North America region dominated the market in 2016 and is anticipated to remain dominant in the forecast period. As per the Population Reference Bureau, the number of people in America aged 65 years and older is projected to increase more than double from 46 million in 2016 to 98 million by 2060. In addition to that, the technological advances, and the ability of these nurse call systems to reduce the amount of redundant nursing activities such as regular manual check-ups, would also contribute to the positive growth of the nurse call systems market. Asia Pacific region is anticipated to grow at a significantly high CAGR in the forecast period, owing to higher adoption of reliable and secure wired nurse call solutions in acute care and skilled nursing facilities. Improving healthcare infrastructure and improved access, mobility, and flexible nature of wireless communication and the rising awareness on the benefits of IP nurse call systems are anticipated to drive the nurse call systems market growth in Asia Pacific.
Some of the key companies currently operating in the global nurse call systems market are: Azure Healthcare Ltd., Cornell Communications, Hill-Rom Holdings, Inc., Ascom Holding AG, TekTone Sound & Signal Mfg., Inc., Tyco SimplexGrinnell, Jeron Electronic Systems, Inc., STANLEY Healthcare, Vigil Health Solutions, Inc., and Rauland-Borg Corporation.
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