Nurse Call Systems Market to Reach US$ 1,791 Mn by 2023
According to a new market research report published by Credence Research “Nurse Call Systems (Product – Buttons, Intercom Systems, Mobile Nurse Call Systems, Integrated Nurse Call Systems; Communication Technology – Wired, Wireless) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global nurse call systems market was valued at US$ 724.9 Mn in 2015 and is estimated to expand with a CAGR of 11.8% from 2015 to 2022.
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Market Insights:
Nurse call systems refer to communication infrastructure deployed across the healthcare organizations to enable communication between the patients and staff. These systems are designed to enhance the convenience of interaction thereby improving the quality of the overall healthcare service. Communication equipment such as nurse call buttons and intercoms are deployed close to the patients’ bed making it easier for the patient to communicate to the staff. This largely helps in cases such as accident, critical care and other bedridden patients to summon for the required assistance.
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Due to the rising overall healthcare IT industry, healthcare organizations across the world are increasingly investing upon IT systems in order to provide better healthcare service. Healthcare organizations are now more focused towards building efficient infrastructure thereby providing better medical care to their patients. Further, with the rising advancements in the communication and IT systems, the nurse call systems market is expected continue witnessing strong growth in the coming years. The market witnesses a price declining trend for various communication equipment used in the nurse call infrastructure. This is another major factor fueling the market growth.
Nurse call systems can be installed over wired as well as wireless communication infrastructure. This further enhances the flexibility and scalability of the system. Due to these factors, the nurse call systems market is expected to register strong growth worldwide during the forecast period. Another major factor fueling the market growth is the convenience offered by the nurse call systems to patients as well as the healthcare staff. Nevertheless, government regulations and changing policies regarding the IT systems in the healthcare organizations may significantly hamper the market growth in the coming years.
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Competitive Insights:
The global nurse call systems market is consolidated in nature with few international players contributing to more than forty percent of the total market revenue. Major players in the market include Rauland-Borg Corporation, Ascom Holding AG, Hill-Rom Holdings, Inc. and Azure Healthcare Ltd. These companies focus on delivering seamless integrated nurse call solutions in order maintain a competitive edge in the market. Other prominent players operating in the market are Stanley Healthcare, Tyco SimplexGrinnell, Vigil Health Solutions, Inc., Cornell Communications, Inc., Jeron Electronic Systems, Inc. and Critical Alert Systems LLC
Key Trends:
Development of advanced nurse call solutions with better scalability and reliability
Providing integrated nurse call solutions by partnering with other players in the market
Global expansion through partnerships and alliances
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