According to a report by Grand View Research, Inc.; the global nurse call system market is estimated to value USD 1.8 billion by 2022. Growing requirement for advanced hospital integration platforms to avail better patient monitoring can impel demand for nurse call systems. Such systems are digital and internet protocol (IP) based systems that can offer higher level of integrated solutions. In addition, supportive changes in reimbursement scenario is anticipated to propel the market over the forecast period (2016 to 2022).
Increasing number of patients in hospitals owing to rising cases of chronic diseases are anticipated to propel growth of the market in the coming years. Growing adoption of mobile devices for fast communication can fuel growth of the nurse call system market in the coming years. Improvement in reimbursement scenario for nurse call systems can further stimulate market expansion in near future. High demand for intuitive and user-friendly equipment from nurses is also expected to impel market growth.
Growing inclination of focus from analog stand-alone nurse call systems to IP based and digitally networked solutions can spur growth of the market in the next few years. Rapid technological advancements to offer advanced level of communication is predicted to influence market growth. Integration of wireless technology with nurse call systems can spur growth of the market during the forecast period.
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The worldwide nurse call system market can be segregated on the basis of technology, end-use, and region. Based on technology, the market can be divided into wireless and wired communication equipment. In 2014, wired communication equipment led the technology segment with the maximum market share owing to high rate of adoption of internet protocol (IP) based systems. The technology is likely to offer easily accessible reporting system and web-based interface as compared to conventional systems. Most care providing centers and hospitals are predicted to use integrated IT and communication systems.
On the other hand, wireless communication systems may witness the fastest grow at during the forecast period owing to low installation cost and portability. In addition, easy interrogation with patient education programs and real-time location systems can propel demand. Moreover, high demand for electronic health records and rising healthcare complexities can foster need for advanced solutions in the coming years.
Based on end-use, the market for nurse call systems can be categorized into assisted living clinic, OPDs, hospitals and clinics, and skilled nursing facilities. In 2014, hospitals and clinics accounted for the maximum market share owing to increasing number of emergency cases and patients. In addition, assisted living facility is likely to witness significant growth during the forecast period owing to rising number of old age homes and senior care services.
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Regional segmentation includes Asia Pacific, Europe, North America, Latin America, and Middle East & Africa (MEA). In 2014, North America dominated the market owing to high demand for personal emergency response technologies. Such technologies are likely to be used in acute care and assisted living facilities to reduce staff response time. In addition, subsequent introduction of technologically advanced nurse call systems and rising demand for remote patient monitoring is likely to contribute to regional market growth in near future.
In Asia Pacific, the nurse call system market is anticipated to witness the highest growth during the forecast period. Introduction of various regulations like the nursing care insurance law in Japan and Kaigo Hoken in 2000 and expansion of acute care and long-term nursing homes by the Singapore Ministry of Health in 2016 are anticipated to impel the regional growth. In 2014, Europe followed North America in terms of market share owing to separate funding for effective patient monitoring devices and nursing technologies.
Some of the leading companies in nurse call system market are Stanley Healthcare; Hill-Rom Holding, Inc.; Tyco SimplexGrinnell; Honeywell International, Inc.; and Rauland-Borg Corporation.
Most key players are focusing on incorporation of advanced techniques or devices over traditional systems to offer effective patient care. In addition, hospitals are likely to collaborate with companies offering web-based hospital applications to streamline and improve workflow. Moreover, rise in mergers and acquisitions among market players to maintain market presence can also stimulate market growth.
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