Industry Outlook and Trend Analysis
The Nurse Call System Market was worth a significant in 2014 and is expected to garner lucrative market share by the end of 2023, while registering itself at a considerable compound annual growth rate (CAGR) during the forecast period. Nurse call systems can be characterized as electrically functioning equipment which empowers the patient to summon a nurse from a bedside station or a duty station. Nurse call system provides significant quality and productivity of nursing services in establishments, which use moderately new and unpractised nurses. Additionally, the nurse call system is thought to be vital in rendering quality health care services benefits by consequently managing the nursing tasks and activities. The critical increment in the requirement for responsive and efficient health care communication, expanding budget allocation for health care of elderly populace, and developing patient populace, among others are expected to add to the development of the market amid the estimate time frame.
Type of Equipment Outlook and Trend Analysis
In 2016, the IP-based nurse call systems segment fragment represented most extreme demand, attributable to its flexible nature of being installed in stages. Furthermore, the developing interest for implementation of these frameworks would help the market development. For example, in August 2016, Azure Healthcare Ltd., got a US $1.1 million purchase order from a doctor's facility in North America for the supply of Internet protocol (IP) based 'Tacera' nurture call system.
Technology Outlook and Trend Analysis
Wired communication equipment held most of the share of the overall industry, relating to the large presence of internet protocol (IP) based systems in the market. The most recent technology offers an online interface and conveniently accessible reporting systems, dissimilar to the older forms. More hospitals and care providing facilities are embracing incorporated IT and communication solutions. Wireless communication is anticipated to be the quickest developing section of the market amid the figure time frame, attributable to the portable systems, integration with other devices, and integration with other devices.
End User Outlook and Trend Analysis
Hospitals and clinics held the majority of the market share in 2014. Increasing number of patients and rising urgency of medical care combined leads to nurse fatigue. Hence hospitals and medical care centres are progressively implementing nurse call systems. The assisted living facility is anticipated to be the fastest developing segment over the forecast period, owing to the rising number of senior care services and old age homes.
Regional Outlook and Trend Analysis
North America commanded the market on the basis of income share in 2014. The increasing population in the area has expanded the interest for personal emergency response innovations. These equipment are frequently used in acute care facilities and assisted living, long term care, and home care and help lessen the staff response time. In the United States, a council was conducted by the American Association of Colleges of Nursing, the American Nurses Association, the American Organization of Nurse Executives and the National League for Nursing to hoist the nursing health changes. Government activities to fuse health technologies in nursing instruction are anticipated to add to the development of this industry.
The leading players in the market are Azure Healthcare Limited, Ascom Holding AG, Honeywell International Inc, Tyco SimplexGrinnell, Vigil Health Solutions Inc, Rauland-Borg Corporation, Cornell Communications, Critical Alert Systems LLC, Hill-Rom Holdings Inc and Jeron Electronic Systems Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Nurse Call Systems market is segmented as follows-
By Type of Equipment:
Nurse Call Intercoms
Basic Audio/ Visual Nurse Call Systems
Digital Nurse Call Systems
IP based Nurse Call Systems
Nurse Call Mobile Systems
By End User:
Assisted Living Centres
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?