Global Nurse Call Systems Market: Snapshot
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.
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.
Global Nurse Call Systems Market: Overview
Nurse call systems can be defined as an electrically operated system which enables the patient to summon a nurse from a duty station or a bedside station. Nurse call system offers high productivity and quality of nursing services in institutions, which employ relatively new and inexperienced nurses. In addition, the nurse call system proves crucial in providing quality health care services by automatically managing the nursing activities and tasks. The significant increase in the need for efficient and responsive health care communication, increasing budget allocation for health care of elderly population, and growing patient population, among others are anticipated to contribute to the significant growth of the market during the forecast period.
Global Nurse Call Systems Market: Key Research Aspects
The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of drugs employed in the treatment of nurse call systems in the near future. Primary research formed the bulk of our research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation and various international and national databases. The report provides estimated market size in terms of US$ Mn for type of equipment, communication type, end-user, and geography for the period 2015 to 2025, considering the macro and micro environmental factors. The revenue generated from each type of equipment, communication technology, and end-user was calculated by considering the preference for nurse call system in different regions, and utilization of the nurse call system across all the geographies.
The market report comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to market segments based on type of equipment, communication technology, and end-user, and geography. The market overview section of the report analyzes market dynamics such as drivers, restraints and opportunities that influences the nurse call systems market in the current and future scenario. The report also provides key industry events and Porter’s five forces analysis for the market.
Market share analysis among the market players is analyzed to signify the contribution of these players in the market in terms of percentage share. All these factors will help the market players to decide about the business strategies and plans to strengthen their positions in the global market. Based on geography, the market has been analyzed for major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study also covers detailed country analysis contributing majorly in the nurse call systems market.
Global Nurse Call Systems Market: Competitive Landscape
The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Companies profiled in the nurse call systems market report are Ascom Holding AG, Azure Healthcare Limited, Cornell Communications, Hill-Rom Holdings, Inc., Jeron Electronic Systems, Inc., STANLEY Healthcare, TekTone Sound & Signal Mfg., Inc., Tyco SimplexGrinnell, Vigil Health Solutions, Inc., and Rauland-Borg Corporation (Acquired by Ametek, Inc.), among others.
The Nurse Call Systems Market has been segmented as follows:
- Nurse Call Systems Market, by Type of Equipment, Revenue (US$ Mn) 2015-2025
- Nurse Call Intercoms
- Basic Audio/ Visual Nurse Call Systems
- Digital Nurse Call Systems
- IP based Nurse Call Systems
- Nurse Call Mobile Systems
- Nurse Call Systems Market, by Communication Technology, Revenue (US$ Mn) 2015-2025
- Wireless Communication
- Wired Communication
- Nurse Call Systems Market, by End-user, Revenue (US$ Mn) 2015-2025
- Assisted Living Centers
- Nursing Homes
- Nurse Call Systems Market Revenue, by Geography (US$ Mn), 2015-2025
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America