A recent market intelligence report by Transparency Market Research
(TMR) has detected that the global nurse call systems market is
constantly evolving with the advent of new equipment and features,
and although there is plenty of scope for new entrants who frequently
make a foray, a limited number of key players do hold a significant
position. Some of the major players identified by the TMR report in
the global nurse call systems market are: Cornell Communications,
Azure Healthcare Limited, TekTone Sound & Signal Mfg., Inc.,
Ascom Holding AG, Jeron Electronic Systems, Inc., Hill-Rom Holdings,
Inc., STANLEY Healthcare, Vigil Health Solutions, Inc., Tyco
SimplexGrinnell, and Rauland-Borg Corporation, which has been
acquired by Ametek, Inc.
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The TMR report projects the demand in the global nurse call systems
market to expand at an impressive CAGR of 10.9% during the forecast
period of 2017 to 2025, estimating it to reach a valuation of
US$2,665.98 mn by 2025. Most of the key vendors are resorting to
latest technologies in order to differentiate themselves from the
competition and gain market share. The report also expects offering
of customized services according to the requirements of individual
hospital, acquisitions of promising entrants, significant contract
wins, and new product launches as some of the other strategies of the
key players to expand their revenue horizon.
Based on equipment-type, IP-based nurse call systems generated
maximum revenue in 2016, whereas wired communication contributed
maximum demand in terms of communication technology. End-users of the
global nurse call systems market has been bifurcated into hospitals,
assisted living centers, nursing homes, and clinics, with hospitals
offering most of the demand, owing to growing adoption of nurse call
systems at all-in-one healthcare facilities. Geographically, North
America is the most profitable region, with robust medical
infrastructure, although Asia Pacific is projected for the best
growth rate.
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Increase in healthcare expenditure, especially in the developed
countries, growing adoptability of medical insurance in various
emerging economies, aging population across the world, prevalence of
chronic diseases, increased investment in healthcare, government
support from innovative technology that come to consumer’s aid in
real-time, technological advancements and product development, and
easy data availability for important healthcare departments are some
of the primary factors driving the global nurse call systems market.
As per the estimations of the World Health Organization, world’s
population with people over 60 years of age will almost double from
12% to 22% during the period of 2015 to 2050. As geriatrics commonly
suffer from various chronic diseases and are frequently unable to
help themselves, this significant chunk of population will continue
to pose strong demand in the global nurse call systems market. On the
other hand, factors such as high implementation costs, challenges
pertaining to integration and interoperability, stringent regulatory
environment, and the lack of trained professionals who can function
efficiently with healthcare as well as IT are hindering the market
for nurse call systems from attaining its true potential.
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Upcoming technologies such as centralized nurse call system,
integration of nurse call systems with smartphones and in-hospital
wireless phones, interoperable designs, and increasing nurse
involvement in healthcare are some of the trends that are expected to
reflect positively on the global nurse call systems market. The
author of the report suggests the vendors of this market to pay
deserving focus to the Asian countries wherein medical tourisms
sector is prospering.
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