Market Scenario:
Nurse call systems are alert healthcare
professionals such as nurses of a fore coming event such medical emergency or
request for care from a patient or ambulatory services. Nurse call systems can
also track and record a patient’s movements such as those in assisted living
centers.
Segments:
To generate an accurate assessment of the
differential market potential, the Nurse Call System Market is
divided by type, technology, applications and end users.
Type - basic buttons alert systems, audio/visual
nurse call systems, integrated communication systems, mobile systems, others.
Technology - wired systems and wireless systems,
application (medical emergency, alarms, workflow management and others.
Application - medical emergency, alarms,
workflow management and others.
End user - hospitals and clinics, assisted
living centers, ambulatory, and other.
Future
Market Trends:
The triumph of wireless systems over wired systems!
Wireless systems are expected to eliminate wired
systems, a trend that has been witnessed in the past and which is very much
prevalent in present communication technology.
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Extended
functionality
Extended functionality owing to technological
convergence is ubiquitous in every segment of information technology and
electronics industry and the nurse call systems market is no exception to this
trend.
Market
Dynamics:
Drivers
The demographic drivers of the market are the
growth in elderly, growing chronic diseases, growing number of widowed or
separated people, growing per capita income, growing assisted living centers
and others.
The operational drivers include the growing
complexity of hospital operations, the low flexibility of demand of the
operations, growing regulations, prohibitive costs of noncompliance and others.
Technological drivers of the market include
growing connectivity such as coverage of network and mobility, falling cost of
devices, negligible cost of scalability of communication technology and others.
Restraints
The market constraints are high installation and
maintenance costs, lack of awareness and scarcity of trained manpower, concerns
of information security due to open nature of the network, and others.
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.
Prominent
players:
The prominent players in the market are Ascom
Holding AG, Tyco International PLC, CSINC, Austco Communication Systems Pty
Ltd., Hill-Rom Holdings, Inc., Honeywell International, Inc., and others.
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