Nurse call systems are required for alerting the nurses in case of medical emergency or need for care. Market Research Future (MRFR) has published and released a research report about the global nurse call system market that supposes progress for this market at 9.5% CAGR (Compound Annual Growth Rate) during the forecast period between 2018 and 2023.
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The primary factors endowing the growth of the global nurse call system market include the growing geriatric population and the rising complexity of hospital operations. Other factors helping the market growth include favorable healthcare investments by government and the rising demand for better technological advancements. However, huge installation cost and stringent government regulation can harm the market growth during the forecast period.
The global nurse call system market can be segmented on the basis of applications, end users, technology, type, and lastly, region. With regards to application-based segmentation, this market has been segmented into alarms, medical emergency, workflow management, and others.
Based on end users, the market has been segmented into ambulatory care centers, assisted living centers, hospitals & nursing homes, and others. During the forecast period, hospitals & nursing homes are expected to hold the largest market share due to the rising number of private and public hospitals. Assisted living centers segment is expected to emerge as the fastest growing market segment due to the increase in the geriatric population and the rising need of such assisted living centers.
The technology-based segmentation segments the market into wired systems and wireless systems. By type, the market has been segmented into nurse call buttons, nurse call intercoms, nurse call integrated communication systems, nurse call mobile systems, and others.
Key Players
The key players in the global nurse call system market include AMETEK Inc. (USA), Ascom (Switzerland), Austco Communication Systems Pty Ltd. (Australia), Azure Healthcare (Australia), BEC Integrated Solutions (USA), Cornell Communications (India), CSINC (India), Honeywell International Inc. (USA), Hill-Rom Services Inc. (USA), Jeron Electronic Systems Inc. (USA), Johnson Controls (USA), STANLEY Healthcare (USA), Systems Technologies (USA), Vigil Health Solutions Inc. LLC (USA), and West-Com Nurse Call System Inc. (USA).
The regional segmentation of the global nurse call system market can segment the market into regional markets namely the Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa (MEA). Due to the availability of advanced medical facilities, government funding for research & development (R&D), and the presence of prominent market players, North America is a bigger regional market than South America. In North America, the USA and Canada are the most important country-specific markets. Argentina and Brazil are two strong economies that have the potential to grow as suitable markets.
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Europe is another important regional market. Due to the economic reasons same as the Americas, Western Europe is a bigger market than Eastern Europe. The influential country-specific markets in Europe are France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Western Europe and Eastern Europe.
The Asia Pacific is the third most important regional market due to the emerging healthcare infrastructure and growing medical tourism in countries like IndiaOther important country-specific markets in this region are Australia, China, Japan, and South Korea, followed by the remaining countries in the Asia Pacific region.
In the MEA region, the market is small and limited due to poor countries, lack of awareness, lack of advanced medical facilities, low standard of medical facilities, lack of education, lack of healthcare facilities, and most governments not considering healthcare a priority.
Latest Industry News
- Wake Forest Baptist Health has deployed Vocera technology, developed by Vocera Communications Inc., to a hospital in order to elevate patient & staff experience, enhance patient surveillance, improve clinical workflows, and integrate nurse call systems. 12 DEC 2018
- Adena Regional Medical Center (ARMC) in Chillicothe, Ohio has successfully deployed Nurse Call System & Real-Time Location Service (RTLS), developed by Critical Alert Systems, a leading provider of patient communications solutions for hospitals and health systems. 22 AUG 2018
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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