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
North America led by the U.S. commands the largest market share due to the well-developed healthcare infrastructure, faster uptake of new technology, large number of hospitals and high per capita income and others.
North America is anticipated to withhold a market share by value of approximate 40 % in 2016 followed by Europe with a share of over 30 %.
Asia Pacific region is estimated to grow at the fastest CAGR led by Japan, china, India and South Korea. The market of the Middle East & African region, is expected to be heavily skewed in favour of the Gulf economies of Saudi Arabia, UAE and others. Africa is expected to foresee moderate growth due to poor connectivity and economic reasons.
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
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Nurse Call System Market
Figure 3 Segmentation Market Dynamics for Global Nurse Call System Market
Figure 4 Global Nurse Call System Market Share, by Type, 2020
Figure 5 Global Nurse Call System Market Share, by Technology, 2020
Figure 6 Global Nurse Call System Market Share, by Applications, 2020
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