Categories: Healthcare, Pharmaceutical, Medical Devices, and Biotechnology | Report Code : HPMDB20243 | No. of Pages : 128
Overview:
The global nurse call systems market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The nurse call system is playing key role by allowing patients to easily call or contact their nurse or nurse station.
The nurse communication system has been developed to solve the problem of patient and staff mobility in innovative ways. This has improved communication of staff, efficiency of operation, and patient satisfaction.
Market Dynamics:
The growing need for multiple and interconnected platforms in healthcare system to connect in case of any requirement or emergency is a prominent factor driving growth of the global nurse call systems market. Also, growing adoption of the nurse call system in the medical institutions for efficient communication is expected to further support growth of the target market.
However, effective implementation of the nurse call system is highly cost associated and requires necessary investment by end users which may impact the target market growth to a certain extent.
Nevertheless, on-going improvement in healthcare infrastructure in emerging economies such as in Brazil and India is expected to offer lucrative opportunities for key players in the global nurse call systems market in coming years.
Key Trends:
Rising focus on funding for adoption of nurse call systems among hospitals is a key witnessed in the global nurse call systems market. For instance, in January 2020, Ascom holding AG has received order from Turku University Hospital, Finland for delivery of Ascom Tellignece, a nurse call system that includes Myco 3 smartphone, smart central mobile and smart central, and its Digistat software.
In addition, rising focus on market expansion through strategic mergers & acquisition and partnerships among key players is another key trend witnessed in the target market. For instance, in November 2018, Critical Alert Systems LLC announced partnership with CareSight LLC to integrate advanced analytics and reporting processes in medical and alarm devices.
Regional Analysis:
For detailed understanding of market dynamics, the global Nurse Call Systems market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region accounted for the major revenue share in the year 2019 in the global market. This is owing to various reforms in healthcare regulations, advancements in healthcare infrastructure, and high adoption for advanced technology in healthcare sector.
Moreover, the target market in Asia Pacific region is expected to register a highest CAGR during the forecast period. This is due to growing prevalence of various diseases, ageing population, and growing investments for healthcare infrastructure advancement in countries in the region.
Scope of the Report:
Report Feature |
Details |
Base Year: |
2018 |
Projection Period: |
2019-2029 |
Market Details: |
Total revenue and forecast, CAGR, Market value, share, and Y-o-Y growth by segment and region |
Segment Covered: |
Type, Technology, Application, and End User |
Region Covered: |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Coverage: |
Market growth driving factors, challenges & pitfalls, opportunities, trends, key players analysis, and region analysis |
Detailed Segmentation:
Global Nurse Call Systems Market, By Type:
Global Nurse Call Systems Market, By Technology
Global Nurse Call Systems Market, By Application
Global Nurse Call Systems Market, By End User
Key Players Covered:
Key players operating in the global market include, Rauland-Borg Corporation, Intercall Systems Inc., Hill-Rom Holdings Inc., Schrack Seconet AG, Ascom Holding AG, Azure Healthcare Limited, Johnson Controls International Plc, Jeron Electronic Systems Inc., Siemens AG, and West-Com Nurse Call Systems, Inc.
Key Features of the Study:
Foresight Market Research provides detailed analysis on global market in our report- Global Nurse Call Systems Market by type, technology, application, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global nurse call systems market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.