The Global Nurse Call System Market could register a CAGR of 9.5 % during the forecast period (2018-2023), suggests Market Research Future (MRFR).
Nurse call systems are used to monitor patients in assisted living or old age centers or to indicate any untoward incidence. These systems are intended to alert the nurses in case of medical emergency and improve communication between staff and patients. The global nurse call system market is expected to strike a notable CAGR of 9.5% over the forecast period of 2018-2023, affirms Market Research Future (MRFR) in an in-depth study.
Nurse call systems increase safety mechanism for patients and provide flexibility in communicating with a broader patient group and respond timely to patient needs. Nurse call systems are particularly helpful in remote areas.
The growing incidence rate of chronic diseases has resulted in increased patient influx in hospitals which makes it tedious for hospital staffs to monitor all at a time. This has significantly created a pressing need for nurse call systems and driven the market. Moreover, the rise in the number of medical emergency cases has also been a plus for the market growth.
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Nurse call systems are of paramount importance in case of senior care services and assisted living facilities where the elderly population is at a greater need for constant monitoring and help. Rise in the geriatric population and increasing cases of senior patient hospitalization has favored the growth of the global nurse call system market.
High technology adoption rate among hospitals to offer better patient response time and increase workflow efficiency has significantly contributed to the demand for nurse call systems. In addition, technological advancement in nurse call systems has resulted in better integration and interoperability which has raised adoption among hospitals. Furthermore, increased healthcare expenditure, especially in emerging economies where the governments are investing in the modernization of the healthcare sector has significantly fuelled market growth.
Product development and novel product innovation are key factors enhancing market growth. However, the growth of the market might be hindered by high costs associated with nurse call systems which might restrict growth in cost-sensitive markets. Besides, the lack of trained healthcare professionals to operate such systems is also possible bottlenecks to market growth.
Industry Updates
February 2019 – Critical Alert Systems, LLC, a company which designs and delivers nurse call solutions, introduced new enterprise-class software application, CommonPath Enterprise, a Nurse Call System at HIMSS19 in Orlando, Florida, U.S.
Prominent Companies
Key industry contributors mentioned in the report include CSINC, AMETEK, Inc., Ascom, Johnson Controls., Vigil Health Solutions Inc., BEC Integrated Solutions, LLC, Hill-Rom Services Inc., Austco Communication Systems Pty Ltd., West-Com Nurse Call System, Inc, Cornell Communications, Azure Healthcare, STANLEY Healthcare, Systems Technologies, Jeron Electronic Systems Inc., Honeywell International Inc., among others.
Various partnerships, collaborations, and approvals are poised to uplift business opportunities within the market. Citing a reference, in December 2018, Ascom Holdings AG’ Digistat Smart Central software solution got approval from the U.S. Food and Drug Administration (FDA), which led to the company’s expansion in the market.
Segments
The Global Nurse Call System Market has been segmented based on type, technology, application, and end-user.
By type, the global nurse call system market has been segmented into nurse call buttons, nurse call integrated communication systems, nurse call mobile systems, nurse call intercoms, and others.
By technology, the global nurse call system market has been segmented into wired systems and wireless systems.
By application, the global nurse call system market has been segmented into medical emergency, alarms, workflow management, and others.
By end-user, the global nurse call system market has been segmented into hospitals & nursing homes, assisted living centers, ambulatory care centers, and others. The hospitals & nursing homes segment is expected to capture the largest share of the market owing to the growing number of public as well as private hospitals. Assisted living centers are expected to be the fastest growing segment due to growth in the geriatric population which generate high need for assisted living centers.
Regional Analysis
Taking a closer look at the region-wise segmentation, MRFR reports that Europe, Asia Pacific, Middle East & Africa and the Americas are the primary markets for nurse call system.
The Americas is touted to be the most lucrative nurse call system market with the surge in the number of regulatory reforms and the high reimbursement coverage. On this note, rising funds for updating hospitals with technology-driven nurse call systems augers well with the market growth. With the burgeoning population uplifting the demand for personal emergency response technologies, the regional market will get a significant boost in the following years. Also, the lavish budget has lifted the funds for the settlement of Internationally Educated Nurses (IENs) in Canada. With the support of all these efforts for improving nursing and offering an international degree of a platform for healthcare practices, the nursing alert systems market will note further success over the years ahead.
Europe secures the second spot in the global nurse call system market, as a result of a highly-developed healthcare industry combined with the expanding population of sick people in hospitals.
With the fastest growth rate in the global market, Asia Pacific benefits from a large number of nurses in the healthcare industry. Kaigo Hoken, a nursing care insurance law, was introduced in Japan in the year 2000, which resulted in the nursing homes turning into a major business with improved systems. Furthermore, the Singapore Ministry of Health expanded the long-term and acute care nursing homes in the country in 2016. As a result of the encouragement by the governments in the forms of funding and supportive laws for nursing homes, the regional market could expect to have excellent growth in the forthcoming years.
Lastly, Middle East & Africa show abysmal market growth with the least share. However, the regional market could get some respite from the developing healthcare industry in the near future.
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