The global nurse call system market size is expected to reach USD 3.15 Billion in 2028 and register a CAGR of 8.8% over the forecast period, according to the latest report by Reports and Data. Increasing government spending to improve healthcare infrastructure with advanced technologies is anticipated to drive market revenue growth. In addition, urgent need to reduce patient disturbances and increasing need to improve communication among doctors and nurses are expected to support market growth.
Nurse call system is an advanced communication system that transmits signals to physicians and nurses based on patients’ conditions and further determines whether or not a doctor is required. Nurse call systems efficiently assist in reducing a number of potential patient disruptions. As the process is inherently discrete, it leads to minimal disruptions in an organization. This further allows nurses to keep a record of their patients and establish communication on a daily basis.
However, various unfavorable factors may hamper market growth. High installation cost of the nurse call system and lack of skilled professionals are some key factors expected to restrain market revenue growth to a certain extent over the forecast period.
Some Key Highlights From the Report:
- Based on type, integrated communication systems segment is expected to account for largest revenue share during the forecast period. Technological advancements, increasing focus on patient satisfaction, need to improve efficacy of nurses, and development of diverse platforms are factors expected to drive this segment’s growth.
- Based on technology, wired communication segment is expected to account for significantly steady revenue share over the forecast period. Wired communication systems do not require built-in radio modules and hardware cost is also low, compared to wireless communication systems. Such benefits are expected to drive growth of this segment over the forecast period.
- Based on application, alarms and communications segment is expected to account for significant revenue share between 2021 and 2028. Nurse call systems are rapidly being utilized for alerts and communications to improve patient safety by streamlining communication between nurses and patients.
- Based on end-use, hospitals segment is expected to account for largest revenue share in the global market over the forecast period. This growth is attributable to increasing patient flow, higher adoption of advanced nurse call systems, and rising number of emergency cases.
- North America nurse call system market is expected to account for largest revenue share over the forecast period. This growth is attributable to increasing legislative reforms, reimbursement policy changes, and rising government funding to improve healthcare facilities in this region.
In-depth Study of the Competitive Landscape:
The global Nurse Call System market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Ascom Holding AG, Rauland-Borg Corporation, Johnson Controls International Plc, Azure Healthcare Ltd., Siemens AG, West-Com Nurse Call Systems, Inc., Schrack Seconet AG, Cornell Communications, Tunstall Group Ltd., and Hill-Rom Holdings, Inc.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Billion; 2018-2028)
- Integrated Communication Systems
- Button-based Systems
- Intercom Systems
- Mobile Systems
Technology Outlook (Revenue, USD Billion; 2018-2028)
- Wired Communication
- Wireless Communication
Application Outlook (Revenue, USD Billion; 2018-2028)
- Wanderer Control
- Alarms & Communications
- Fall Detection & Prevention
- Workflow Optimization
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Clinics & Physician Offices
- Long-term Care Facilities
- Hospitals
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Nurse Call System market over the forecast period?
- What are the major factors driving the growth of the Global Nurse Call System Market?
- What are the key challenges impacting the global Nurse Call System market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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Nurse Call System Market ScopeThe global nurse call system market could register a CAGR of 9.5 % during the forecast period (2018-2023), suggests Market Research Future (MRFR).Nurse Call System Market Growth Drivers and Key BarriersThe nurse call system has noted a radical move from analog stand-alone to digital IP-based solutions in the past couple of years.
This has led to less fatigue and increased workflow efficiency among attendants, a factor which could benefit the market to a great extent.The hike in need for highly integrated hospital platforms and the rising preference for mobile devices are projected to sit well with the future market growth.
In addition, favorable reimbursement scenario could help the market growth in the coming years.
On a different note, surging healthcare investments by the government along with the mounting demand for better technological advancements will ensure that the market has a smooth run during the conjectured time frame.Nurse Call System Market SegmentationThe worldwide market for nurse call system has been segmented on the basis of type, technology, applications, and end users.The market, depending on the type, is considered for nurse call buttons, nurse call integrated communication systems, nurse call mobile systems, nurse call intercoms, and others.The market, technology-wise, covers wired systems and wireless systems.Application-based segments are medical emergency, alarms, workflow management, and others.The end users highlighted in the report are hospitals & nursing homes, assisted living centers, ambulatory care centers, and others.
With the burgeoning population uplifting the demand for personal emergency response technologies, the regional market will get a significant boost in the following years.
Also, the lavish budget has lifted the funds for the settlement of Internationally Educated Nurses (IENs) in Canada.
Market ScopeMarket Research Future (MRFR) expects the global nurse call system market 2020 to record a decent CAGR of 9.5% between 2018 and 2023 (forecast period).Brief Overview Nurse call systems or nurse call devices can be described as communication systems that find extensive use in hospitals as well as nursing homes.
Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5631 Market Boosters and Main Barriers Innovations in communication and information technology exhibit the potential to be used for various advancements in nurse call systems, facilitating efficient work as well as and patient bed allotment, emergency management safety of nurse staff, patient monitoring, and more.
Likewise, with the rising prevalence of neurological disorders, predominantly among the geriatric population, the adoption of nurse call systems is set to mount significantly over the coming years.
Market Segmentation The global market for nurse call system has been segmented depending on type, technology, applications, and end users.The types of nurse call systems are nurse call integrated communication systems, nurse call buttons, nurse call intercoms, nurse call mobile systems, and others.The technologies being integrated with nurse call systems include wired systems as well as wireless systems.The applications that have been discussed in the MRFR report are workflow management, alarms, medical emergency, and others.The primary end users in the worldwide market are ambulatory care centers, assisted living centers, hospitals & nursing homes, and others.
Assisted living centers can, however, acquire the fastest growth rate, on account of the expanding geriatric population as well as the mounting need for such assisted living centers.Regional Outlook The nurse call system market has been regionally divided into Europe, the Americas, Asia Pacific (APAC), as well as the Middle East & Africa (MEA).North America was the biggest shareholder in the global market in the year 2016, accounting for approximately 40%.
The U.S. stands at the vanguard of the region, commanding the largest share, thanks to the highly-developed healthcare infrastructure, faster uptake of the latest technologies, a large number of hospitals as well as healthcare institutions along with the high per capita income among others.
