The World Nurse Call Systems Market (2019-2024): Developing Economies Expected to Provide a Wide Range of Growth Opportunities for Market Players

Thursday, 01. August 2019 17:14

Dublin, Aug. 01, 2019 (GLOBE NEWSWIRE) -- The "Nurse Call Systems Market by Type (Button,Integrated Communication System,Intercom,Mobile System),Technology (Wired,Wireless), Application (Alarm & Communication,Workflow Optimization,Fall detector),End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The nurse call systems market is projected to reach USD 2,490.6 million by 2024 from USD 1,601.9 million in 2019, at a CAGR of 9.2% from 2019 to 2024.

The growth of the market is driven primarily by factors such as ease of communication, diverse applications of nurse call systems, and technological advancements in nurse call systems. The Increasing incidence of Alzheimer's disease and a growing number of assisted living centers are other key drivers of the market. Developing economies are expected to provide a wide range of growth opportunities for players in the market.

Wired communication accounted for a significant share of the market in 2019

By technology, the nurse call system market is segmented into wired and wireless communication. Wireless communication systems are anticipated to be the fastest-growing segment due to rapid advancements in wireless communication technologies. They have better integration capabilities compared to other technologies.

Alarms & communications segment accounted for the largest share of the nurse call system market in 2019

Based on application, the nurse call system market is segmented into alarms & communications, workflow optimization, wanderer control, and fall detection & prevention. Of these, the alarms & communications segment is expected to account for the largest share of the nurse call system industry due to their significant role in streamlining the communication between nurses, patient, and other caregivers and higher patient safety.

Hospitals & ASCs segment accounted for the largest share of the nurse call system market in 2019

Based on end-user, the nurse call system market is segmented into hospitals & ambulatory surgery centers (ASCs), long-term care facilities, and clinics & physician offices. Of all these end-user segments, hospitals & ambulatory surgery centers (ASCs) accounted for the largest share of the nurse call system market in 2019. The large share of this segment can be attributed to factors such as the optimal patient safety, streamlined communication between patients & clinicians, enhanced patient satisfaction, improved quality of care, and increased productivity of caregivers, among others.

North America dominated the nurse call system market in 2019

North America, which includes the US, Canada & Mexico, accounted for the largest share of the nurse call system market. The growing awareness and demand for nurse call systems, strict regulatory norms, improving healthcare infrastructure, and the presence of major manufacturers in the region, is expected to drive the market demand.

Competitive Landscape

The major players operating in this market include Rauland-Borg Corporation (A division of AMETEK.Inc.) (US), Ascom Holding AG (Switzerland), Hill-Rom (US), Ackermann by Honeywell (Germany), Jeron Electronic Systems, Inc. (US), Johnson Controls International Plc (Ireland), Azure Healthcare Ltd (Australia), Siemens AG (Germany), SCHRACK SECONET AG (Austria), and Intercall Systems, Inc. (US). Product launches, expansions, agreements, and acquisitions are the key growth strategies followed by most players in this market.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Nurse Call Systems: Market Overview
4.2 North America: Nurse Call Systems Market, By End User (2018)
4.3 Market: Geographic Growth Opportunities

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Ease of Communication and Diverse Applications of Nurse Call Systems
5.2.1.2 Technological Advancements in Nurse Call Systems
5.2.2 Restraints
5.2.2.1 High Costs Involved in the Implementation of Nurse Call Systems
5.2.2.2 Unfavorable Regulations
5.2.3 Opportunities
5.2.3.1 Emerging Countries
5.2.3.2 Increasing Incidence of Alzheimer’s Disease and Growing Number of Assisted Living Centers
5.2.4 Challenges
5.2.4.1 Integration and Interoperability of Nurse Call Systems
5.2.5 Trends
5.2.5.1 Interoperable Designs With Data Representation for Improved Workflows

6 Nurse Call Systems Market, By Type
6.1 Introduction
6.2 Button-Based Systems
6.2.1 Button-Based Systems Dominated the Market in 2018
6.3 Integrated Communication Systems
6.3.1 Enhanced Functionalities Offered By Integrated Communication Systems to Drive Their Adoption
6.4 Mobile Systems
6.4.1 Wireless Capabilities of Mobile Systems Offer Various Advantages in Healthcare Facilities
6.5 Intercom Systems
6.5.1 Multiple Connection Options & Audio & Video Capabilities to Drive the Demand for Intercom Systems

7 Nurse Call Systems Market, By Technology
7.1 Introduction
7.2 Wired Communication
7.2.1 Wired Nurse Call Systems Dominated the Market in 2018
7.3 Wireless Communication
7.3.1 Wireless Nurse Call Systems Segment to Grow at A Higher CAGR During the Forecast Period

8 Nurse Call Systems Market, By Application
8.1 Introduction
8.2 Alarms & Communications
8.2.1 Launch of New and Advanced Products Will Drive Market Growth
8.3 Workflow Optimization
8.3.1 Potential for Cost and Time Savings has Driven Demand for Optimization
8.4 Wanderer Control
8.4.1 Growing Prevalence of Mental Diseases is Driving Demand for Wanderer Control Solutions
8.5 Fall Detection & Prevention
8.5.1 Introduction of Advanced Monitoring Systems is Expected to Support Market Growth

9 Nurse Call Systems Market, By End User
9.1 Introduction
9.2 Hospitals & Ambulatory Surgery Centers
9.2.1 Hospitals Dominate the Market
9.3 Long-Term Care Facilities
9.3.1 Growing Geriatric Population to Drive the Market for Long-Term Care in the Coming Years
9.4 Clinics & Physician Offices
9.4.1 Companies are Focusing on Providing Low-Cost Solutions for This End-User Segment

10 Nurse Call Systems Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US to Register the Highest Growth in the North American Market During the Study Period
10.2.2 Canada
10.2.2.1 Well-Defined Healthcare Facilities and Skilled Healthcare Professionals to Support the Growth of the Market in Canada
10.2.3 Mexico
10.2.3.1 High Burden of Chronic Diseases in the Country to Drive the Adoption of Nurse Call Systems
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany Dominates the European Market Due to the High Healthcare Expenditure in the Country
10.3.2 UK
10.3.2.1 Increasing Number of Hospital Admissions to Support Market Growth
10.3.3 France
10.3.3.1 Government Initiatives to Promote the Use of Healthcare It Solutions to Drive Market Growth
10.3.4 Italy
10.3.4.1 Rising Geriatric Population and the Increasing Prevalence of Chronic Diseases to Drive the Adoption of Nurse Call Systems
10.3.5 Spain
10.3.5.1 The Need for Optimization in Healthcare Workflows is Expected to Drive Market Growth in Spain
10.3.6 Rest of Europe
10.3.6.1 Budgetary Constraints May Hinder the Adoption of Nurse Call Systems in the RoE
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Increasing Investment in the Deployment of Healthcare It Solutions Will Drive the Growth of the Market in China
10.4.2 Japan
10.4.2.1 Well-Developed Healthcare Infrastructure and Government Initiatives to Drive Market Growth in Japan
10.4.3 India
10.4.3.1 Growing Healthcare Infrastructure in the Country is Expected to Drive Market Growth
10.4.4 Australia
10.4.4.1 Rising Incidence of Alzheimer’s and Dementia is Expected to Drive the Growth of the Market in Australia
10.4.5 Rest of Asia Pacific
10.5 Rest of the World

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Situation and Trends
11.3.1 Product Launches and Approvals
11.3.2 Agreements, Collaborations, and Partnerships
11.3.3 Merger & Acquisition
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Dynamic Differentiators
11.4.3 Innovators
11.4.4 Emerging Players

12 Company Profiles
(Business Overview, Products Offered, Recent Developments)
12.1 Rauland-Borg Corporation (A Subsidiary of Ametek Inc.)
12.2 Hill-Rom Holdings Inc.
12.3 Ascom Holding AG
12.4 Johnson Controls International PLC
12.5 Siemens AG
12.6 Ackermann (By Honeywell)
12.7 Jeron Electronic Systems Inc.
12.8 Azure Healthcare Limited
12.9 Schrack Seconet AG
12.10 Intercall Systems Inc.

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