Advanced Therapeutical Conference On Nursing & Midwifery
Global Nurse call systems is gaining an excellent traction due to increased growth in medical insurance mainly in developing countries like India & China both in term of technological headways & product up gradations. Numerous governments are imposing very strict regulations on the particular usage of nurse call systems which are acting in favor of the growth in the nurse call systems market. These systems help in the consumer care and availability of the information for essential healthcare departments are some of the factors bolstering the growth of the global nurse call systems market.
But however high the implementation cost is, lack of trained professionals in both healthcare & IT segment is limiting the growth of global nurse call systems market.
According to the report by TMR, the global market for nurse call systems is anticipated to expand at a CAGR of around 10.9% from 2017 to 2025 to attain a value of US$2,665.98 mn by the end of forecast period.
Rise in demand for flexible technologies to be beneficial for growth:
On basis of the type of equipment used, the global nurse call systems market is basically segmented into Nurse Call intercoms, Basic audio/visual nurse call systems, IP based nurse call systems & nurse call mobile systems. In 2016 owing to flexibility of installation IP based nurse call systems dominated the global nurse call systems market.
They are also segmented into wireless & wired communication systems based on the communication technology used. Wired communication has dominated the market and continues dominance in the forecast period. On the basis of end-users, the market is segmented into hospitals, assisted living centers, nursing homes, and clinics. Of these, hospitals segment is dominating the global market and expected to continue its dominance over the forecast period. Thanks to higher adoption from hospitals than other segments. The patient-centric approach from the hospitals is fuelling growth of the global nurse call systems market.
Key players in Nurse call systems
· Azure Healthcare ltd
· Cornell Communications
· Hill-Rom Holdings Ltd
· Ascom Holdings AG
· TechTone Sound & Signal Mfg Inc
A majority of these leading players are basically relying on the recent innovations to stand a cut above the rest in terms of competition. These companies are increasingly taking part in the activities such as partnership, collaborations, and mergers for business expansion and improving product portfolio.
In 2016, North America dominated the global nurse call systems market and expected to continue its dominance over the forecast period. This growth is attributable to the high elderly population in the region. However, Asia Pacific region is anticipated to grow with higher CAGR over the forecast period due to higher adoption of secure and wired nurse call solutions in nursing facilities for acute care.