The Nurse Call Systems market report concludes that the industry is intensely competitive and fragmented because of the presence of prominent players participating in the market. These players adopt several marketing strategies to expand their market share.
Nurse call systems are telecommunication systems that act as a means of communication, thus, enabling the effective transfer of information between the nursing staff and patients within the healthcare facility.
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Some of the major players of the market are:
Hill-Rom Services Inc., Honeywell International Inc., Jeron Electronics Systems Inc., Systems Technologies, and Tektone, amongst others.
The global nurse call systems market is expected to register a CAGR of 9.0%. The key factors propelling the growth of this market are a growing geriatric population with an increasing need for digital healthcare, a rise in the number of hospitals adopting nurse call system, growing investments from the public and private sectors in digital healthcare systems, and technological advancement in nurse call systems.
Owing to the growing demand for advanced healthcare systems, especially in the developed countries of North America and Europe, the nurse call systems market accounted for a significant growth rate in recent years. The growing global geriatric population is likely to augment the demand for nurse call systems, globally. According to the Population Reference Bureau report, Aging in the United States, the adult population aged 65 years and above in the United States was around 46.2 million in the year 2016, and this number is expected to increase to 98 million by 2060.
With this expected growth in the aged population, it is essential for communities to consider ways to support them. Hence, there has been a growing interest in the design of technologies for older adults, including technologies that can support older adults through health maintenance and health information management.
Rising incidences of chronic diseases and long-term diseases in the aged population have increased the demand for advanced healthcare need and support among the geriatric populations. The growing geriatric population, along with the increased demand for digital healthcare, is expected to drive the nurse call systems market over the forecast period.
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Key Market Trends
Wireless Nurse Call Systems is expected to account for the Largest Market Share Over the Forecast Period
Under the modality segmentation of the nurse call systems market, the wireless nurse call systems segment is expected to have the largest market size over the forecast period.
Day-to-day technological advancements have brought wide opportunities in healthcare. Hospital is one of the end users, which has been a main beneficiary of the technological advancements.
The wireless nurse call systems in hospitals are very crucial systems that enable and ensure proper care to the patients by the nurses. These systems are necessary, and the benefits make a legitimate difference. Wireless nurse call and notification systems are required to be very quick, accurate, and reliable. Wireless nurse call systems are gaining more popularity because of the ease and comfort in operating. In the wireless nurse call systems, there are no wires, and nurses have the option of wearing a device for providing immediate alerts to the patients. The segment is expected to have the largest market share due to the growing awareness about wireless nurse call systems.
North America dominates the Market and expected to do Same in the Forecast Period
North America is expected to dominate the nurse call systems market over the forecast period due to the well-established healthcare system and the high adoption of digital healthcare in the region. In this region, the United States is expected to have the largest market share owing to better reimbursement facilities, such as Medicare.
According to Medicare, approximately USD 2.1 billion reimbursement costs can be saved by initiating nurse call systems in the hospitals and care centers. There is an increased demand for mobility of nurse call systems, which has increased competition among the major players to offer a higher level of integrated nurse call systems.
Hence, with the presence of well-established healthcare facilities and the growing demand for advanced healthcare systems among the aging population, along with the growing prevalence of chronic diseases, the market in this region is expected to experience a boost during the forecast period.
Table of Contents:
2 Nurse Call Systems Market Research Methodology
3 Executive Summary
4 Nurse Call Systems Market Dynamics
5 Nurse Call Systems Market Segmentation
6 Competitive Landscape
7 Nurse Call Systems Market Opportunities And Future Trends
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Nurse Call Systems Market research includes:
Location analysis report
Target market analysis
Domestic and international market competitions
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