Global Nurse Call System Market Scenario:
Nurse call systems are alert healthcare professionals such as nurses of a fore coming event such medical emergency or request for care from a patient or ambulatory services. Nurse call systems can also track and record a patient’s movements such as those in assisted living centers. The drivers of the global nurse call system market are the growing complexity of hospital operations, growing assisted living centers and the concurrent growth in elderly and chronic sick population and others. The Nurse Call System Industry constraints of the global nurse call system market are high installation and maintenance costs, concerns of privacy and information due to open nature of the network, lack of awareness and others.
Nurse Call System Market Prominent players:
The prominent players in the market are Honeywell International, Inc., Austco Communication Systems Pty Ltd., Ascom Holding AG, Hill-Rom Holdings, Inc., Tyco International PLC, CSINC and others.
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Nurse Call System Market Restraints
High installation and maintenance costs, lack of awareness, scarcity of trained manpower, concerns of information security due to open nature of the network, sink cost related to refurbishing older wired systems are the restraints on the market.
Future Market Trends:
Mobile apps expected to be the fastest growing segment in Nurse Call System Market:
Mobile apps afford the convenience of most functions of nurse call systems devoid of any investment to buy new device. Moreover mobile being ubiquitous is expected to charge the market by integrating the system in mobiles.
The wireless systems are expected to displace the wired systems!
“Smart devices have displaced the older wired system owing to their advantages such as automation, and short response time which is the holy grail of healthcare”, says Mr. Suhail Noolkar, researcher at Market Research Future. He further adds ”the advancements in devices such as internet of things and machine learning etc. will only accelerate the demise of the manual systems to the museums!”
Nurse Call System Market Dynamics:
The growth in geriatric and immune-compromised patient’s population, growth of chronic diseases such as cardiac disorders, diabetes etc., growing number of single, widowed or separated people who are not under active monitoring, growing per capita income, growing assisted living centers and others are the prime drivers of the market.
According to world health organization estimates the proportion of the world’s population over 60 years is expected to double from 12 % in 2015 to 22 % by 2050. Thus a large and growing unmet need is easily comprehended even by layman.
Operational drivers of the market include growing complexity and size of hospital operations, development of large multispecialty hospitals, growing regulations and emergence of patient centric care, and the prohibitive costs of noncompliance in healthcare.
However technological developments such as growing connectivity and network coverage, miniaturization, falling cost of devices, and development of internet of things and analytics triumph product attraction.
Nurse Call System Market Regional analysis:
North America led by the U.S. accounts for the largest market share of approximate 40 % in 2016 owing to well-developed healthcare infrastructure, large number of hospitals, faster uptake of new technology, and high per capita income. Europe led by Germany, France and U.K. holds a 30 % share of the market.
Asia Pacific region is expected to grow at the fastest CAGR led by Japan, China, South Korea, and India. The market of the Middle East & African region, is projected to be dominated by the Gulf economies of Saudi Arabia, UAE, Kuwait and others. The rapid expansion of healthcare by the Gulf economies is expected to charge the market. However, Africa is anticipated to generate moderate growth owing to poor connectivity, low per capita income and poor healthcare infrastructure.
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Major TOC of Nurse Call System Market Research Report- Forecast to 2023:
1 REPORT PROLOGUE
2.1 Scope Of Study
2.2 Research Objective
2.3 Assumptions & Limitations
3 RESEARCH METHODOLOGY
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 MARKET DYNAMICS
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