Nurse Call System Market Scenario:
Automated information about a medical emergency triggered by health parameter deterioration is an attractive proposition which can save lives and is also convenient for both the patient and the professional as it helps to cope effectively of a fore coming emergency. The global market for nurse call system is estimated to grow at a handsome double digit CAGR of 12.6 % during the forecast period ending 2023.
Attractive advantages of nurse call systems such as timely care, automated response reducing or eliminating human efforts, better outcomes and satisfaction topped by the propensity to save life are the prime drivers of the market. Advanced products are incorporating greater functionality which track, record and provide real time information of a patient’s medical condition and physical movements.
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The growth in geriatric and immune-compromised patient’s population, growth of risk factors such as chronic diseases such as cardiac disorders, diabetes etc., growing number of single, people devoid of active monitoring, growing per capita income, and growing assisted living centers are the prime drivers of the market. According to world health organization estimates the proportion of the world’s population over 60 years is expected to double from 12 % in 2015 to 22 % by 2050.
Technological developments such as growing connectivity, network coverage, miniaturization, falling cost of devices, and development of internet of things and analytics are expected to result in large market owing to technological gains.
Nurse Call System Market Restraints
High installation and maintenance costs, coupled with the scarcity of trained manpower, have resulted in economic drag on the market. Lack of awareness, and concerns of information security due to open nature of the network, have compounded the challenges.
Nurse Call System Market Segments:
To generate an accurate assessment of the market, the global nurse call system market is segmented on the basis of type, technology, applications, end users and regions.
Type – mobile systems, integrated communication systems, basic buttons alert systems, audio/visual nurse call systems, others.
Technology – wired systems and wireless systems
Application – medical emergency, workflow management, alarms, and others.
End user – hospitals and clinics, assisted living centers, ambulatory, and other.
Regions – North America, Europe, Asia Pacific, Middle East and Africa.
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Future Market Trends:
Mobile apps expected to be the fastest growing segment
Mobile apps afford the convenience of easy integration, ubiquitous presence and negate the need of investment to buy new device. Technological convergence has demonstrated its effects in mobiles, with smartphones taking over many applications.
“The days of limited functionality are over” says Mr. Noolkar. “The growing capabilities and capacity of medical devices is expected to result in availability of information ranging from clinical data, patient history, disease statistics at a flick of a switch!”.
North America is the absolute leader with 40 % in 2016 owing to advantages such as faster uptake of new technology, well-developed and large healthcare infrastructure of the U.S. Europe is led by Germany, France and U.K. holding together a 30 % share of the market aided by the large medical device industry of Germany.
Asia Pacific region is expected to benefit from the shift of the market from the developed to the developing region led by Japan, China, South Korea, and India. Middle East & Africa, is projected to be dominated by the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
The leading players in the market are Honeywell International, Inc., CSINC, Austco Communication Systems Pty Ltd., Tyco International PLC, Ascom Holding AG, Inc., Hill-Rom Holdings, and others.
Acquisition of clinical workflow and team communication app maker Mobile Heartbeat by Hospital Corporation of America (HCA) in 2017 is the latest in the market.
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