The key factors driving the market are rising incidence of Alzheimer’s disease across the region, rising in the support of government in country. In addition, the presence of various market players and rising in the numbers of assisted living centers in the world are likely to contribute the growth of the market. However, factors such as higher costs of the nurse call system and its installation charges are expected to hamper the growth of global nurse call system market.
The prominent players operating in nurse call systems market are, Ascom, Honeywell International Inc., Siemens AG, Azure Healthcare, Intercall Systems Inc., SCHRACK SECONET AG, STANLEY Healthcare, Critical Alert Systems., Hill-Rom Services Inc., and Rauland.
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Key Elements that the report acknowledges:
Market size and growth rate during forecast period.
Key factors driving the global market.
Key market trends cracking up the growth of the nurse call systems market
Challenges to market growth.
Key vendors of nurse call systems market
Detailed SWOT analysis.
Opportunities and threats faces by the existing vendors in the market.
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.
Global nurse call systems market, based on equipment is segmented into integrated communication systems, button systems, mobile systems and intercom systems. In 2018, the integrated communication system segment held the largest share of the market, by equipment. Moreover, this segment of nurse call systems market is also expected to witness growth in its demand at a fastest CAGR of 10.7% during 2019 to 2027.
The Asia Pacific nurse call systems market is expected to grow at highest rate during the forecast period owing to driving factors such as significant rise in the incidences of the Alzheimer’s disease and other dementia, presence of the market and developments done by them. The market is also experiencing the growth of the assisted living centers that are likely to drive the growth of the Asia Pacific region.
Growing Numbers of Assisted Living Centers
Assisted living centers or the assisted living communities generally serve the people who requires help for their daily activities and some of the healthcare services. The centers or the communities are combination of the independence, companionship, privacy and have security and premises that resembles like homes. The rise in the Alzheimer’s diseases are leading to the growth of the assisted living care, there are approximately 28,9000 assisted living centers owing approximately 1 million licensed beds in the United States. The average number of the licensed beds in an assisted living center is 33.
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Strategic Insights
Strategic acquisition and product launches were observed as the most adopted strategy in global nurse call systems industry. Few of the recent product launch, product approval and acquisitions are listed below;
2019: Critical Alert Systems has announced a partnership with Bernoulli Health, developer of Bernoulli One. The platform fuses Bernoulli One’s real-time, patient-generated data, including live-streaming waveforms and alert notifications intelligently aggregated and filtered from multiple physiologic devices and EHRs, with Critical Alert Systems’ staff assignment, advanced, rules-based routing and distribution capabilities.
2018: Ascom Holding AG with Dräger AG & Co. KGaA has launched integrated clinical alarm management solution in North America. The solution was introduced for Ascom’s Unite Connect and it has received FDA clearance for sales and distribution in the US. The product is also available in the Canadian market.
2017: Beacon Communications, LLC entered into partnership with STANLEY Healthcare Connected, and will offer STANLEY Healthcare’s senior living solutions – including the Arial emergency call solution and WanderGuard BLUE wander management solution to new and existing customers in western United States.
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