Nurse call systems are a setup within a patient’s room for calling on nurses in case of emergencies. Some common features of these systems include wall station, desk console, bed cable, and pillow speaker. The global nurse call system market report compiled by Market Research Future (MRFR) outlines the various drivers, opportunities, and challenges in a comprehensive gained by a combination of primary and secondary research.
Market Overview
The global nurse call system market is anticipated to exhibit a CAGR of 9.5% during the forecast period (2018-2023). The large pool of geriatric patients who require assistance or patients in assisted living centers are two of the biggest drivers of the market. These systems can alert nurses in case of emergencies to provide immediate care and assistance. Expansion of hospital chains to cater to the large patient volume as well as to simplify their operations can spur the demand for nurse call systems.
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The transition to mobile applications and the shift towards digitization by hospitals can positively influence the global nurse call system market. Considerable investments by governments for enhancing the existing hospital infrastructure as well as the introduction of reimbursement schemes can bode well for the market. For instance, nearly 49 million elderly patients in the U.S. were covered by Medicare. The integration of these systems with wireless connections can disrupt market growth positively.
High installation costs of these systems and stringent government policies can pose a challenge to market growth.
Global Nurse Call System Market – Segmentation
The report is segmented into five market dynamics to widen the scope of understanding,
By Type: Nurse Call Buttons, Integrated Communication Systems, Mobile Systems, and Intercoms, among others.
By Technology: Wired Systems and Wireless Systems.
By Application: Medical Emergency, Alarms, and Workflow Management, among others.
By End-users: Hospitals & Nursing Homes, Assisted Living Centers, and Ambulatory Care Centers, among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis
The Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and North America are the main regions considered during the compilation of the market report.
The Americas are pegged to be the dominant region in the global nurse call system market due to the constant upgrades in technologies as well as the launch of new products. The large geriatric populace and the ballooned healthcare funding provided for well-being of patients by developed economies of Canada and the U.S. can augur well for the region.
Europe is deemed to contribute a sizeable amount to the global market revenue earnings due to the large patient pool and a well-developed healthcare sector. On the other hand, APAC is expected to exhibit a robust growth rate due to the developed healthcare infrastructure of economies and the large aged populace.
Competitive Landscape
Fiercely competitive, the nurse call system market appears to be fragmented characterized by the presence of numerous small & large players. To gain a substantially large revenue pocket, these players incorporate various strategic initiatives such as mergers & acquisitions, collaboration, and product launch. They also invest colossally in R&D activities to develop a cost-effective product portfolio with unrivaled design & features.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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