Nurse Call Systems Market - Major Drivers, Opportunities and Current Market Trends
According to the new market research report Nurse
Call Systems Market is expected to reach
USD 1.75 billion by 2021 from USD 1.12 billion in 2016, at a CAGR of 9.3%.
Factors such as the growth in aging population and rising prevalence of chronic
diseases, technological advancements and new product launches, increasing
healthcare expenditure, and growth in the number of people covered under
insurance are the key drivers for the growth of the nurse call systems market.
On the other hand, the dearth of trained healthcare IT professionals and
stringent regulations for nurse call system installations are the major factors
restraining the market growth. The Asian region is projected to register the
highest CAGR during the forecast period. Factors such as increasing diabetes
prevalence, government initiatives, and growing geriatric population are
driving the growth of the Asian market.
Technological advancements in
communication systems and increasing number of nurse call communication systems
integrated in healthcare facilities are to drive the market in 2016
On the basis of instruments, the nurse call systems
market is segmented into buttons, integrated communication systems, mobile
systems, and intercom systems. Integrated communication systems segment is
expected to account for the largest share of the market in the forecast period
owing to increasing number of hospitals integrated with these systems and new
product launches.
The wired systems segment is
expected to account for the largest share of the nurse call systems market in
2016
On the basis of technologies, the nurse call systems
market is segmented into wired systems and wireless systems. The wired systems
is expected to account for the largest share of the global nurse call systems
market owing to low-cost and speed of transmission of wired communication.
The emergency medical alarms
application segment is expected to account for the largest share of the nurse
call systems market in 2016.
On the basis of applications, the nurse call systems
nurse call system market is segmented into emergency medical alarms, wanderer
control, workflow support, and others applications. The emergency medical alarm
segment is expected to account for the largest share of the market during the
forecast period. The large share of this segment can primarily be attributed to
technological advancements and growing incidence and prevalence of dementia.
Hospitals and Assisted Living
Centers and Nursing Homes are expected to dominate the nurse call systems
end-user market in 2016
On the basis of end users, the nurse call systems market
includes hospitals, assisted living centers & nursing homes, clinics &
physician offices, ambulatory care centers and other end users. The hospitals
segment is expected to account for the largest share of the global nurse call
systems market in 2016. Increasing geriatric population and the increasing
number of private and public hospitals, especially in emerging countries are
the major factors driving the growth of this market.
Asian region is projected to
register the highest CAGR during the forecast period
On the basis of regions, the global nurse call systems
market is segmented into North America, Europe, Asia, and RoW. Asia is expected
to account for the highest CAGR during the forecast period. Growth in this
regional segment is driven by the factors such as increasing diabetes
prevalence and growing geriatric population.
The key players in the nurse call systems market include
by Ascom Wireless Solutions (Switzerland), Hill-Rom Holdings, Inc. (U.S.), Tyco
International PLC (U.S.), Honeywell International, Inc. (U.S.), and
Rauland-Borg Corporation (U.S.).
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