Global Nurse Call Systems Market: Snapshot
Nurse call systems are being used across the healthcare sector in hospitals and assisted living facilities to enhance staff and patient communication and improve the efficiency and responsiveness of the staff by saving effort and time. The market for nurse call systems has been fueled by the rise in aging population, the urgent need for optimized clinical workflow and effective communication solutions in the healthcare sector, and the increasing demand for reduced operational costs. Expanding budget allocations across the globe centered on geriatric care is also a key factor boosting the deployment of nurse call systems. Fueled by these forces, the global nurse call systems market will reach a value of US$1.5 bn by 2020.
Demand for Nurse Call Systems in Assisted Living Centers on the Rise
By way of communication technology, the nurse call systems market is bifurcated into wireless and wired communication equipment. Of these, while the latter held the dominant share in the overall market, the former is posed to witness impressive growth over the course of the forecast period. Considering the mobility and flexibility wireless communication systems offer, this segment has been gaining much traction in the healthcare sector.
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On the basis of equipment type, the nurse call systems market comprises buttons, intercoms, mobile systems, and integrated communication systems. Among these, nurse call integrated communication systems hold the leading share while nurse call mobile systems are projected to register strong growth through 2020, fueled by the increasing demand for mobile solutions in the healthcare industry.
OPD clinics, ambulatory services, hospitals, and assisted living centers are the prominent end users of nurse call systems, with hospitals emerging as the clear leader. This segment accounted for nearly three quarters of the market at the start of the forecast period in terms of revenue. In recent years, however, assisted living centers have sprung up, particularly in more developed nations, driving the demand for patient safety and effective communication. These factors have positively influenced the demand for nurse call systems in assisted living centers.
Despite Sluggish Growth, Europe to Retain Strong Foothold in Global Nurse Call Systems Market
From a geographical point of view, the global nurse call systems market is divided into Asia Pacific, Europe, North America, and the Rest of the World (RoW). North America accounts for the leading share based on revenue and will continue to do so over the years to come. With a technologically advanced and modern healthcare infrastructure in place, this regional market is slated to register impressive growth during the forecast period and the implementation and deployment of nurse call systems will continue to rise.
Europe comes next in terms of revenue, owing to increasing deployment of these systems in the healthcare sector and several demographic changes in the region. However, slow economic growth will threaten the expansion of the Europe nurse call systems market and as a result, the region is expected to report a sluggish growth rate through 2020.
Emerging as a highly lucrative market for nurse call systems, Asia Pacific will present strong growth in the coming years, with countries such as India, China, New Zealand, Singapore, Japan, and Australia at the forefront. The presence of several local solution providers is a key factor boosting the regional market for nurse call systems, along with high unmet needs of the aging population in these countries.
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Cornell Communications, Inc., Ascom Holding AG., Jeron Electronic Systems, Inc., Stanley Healthcare Solutions, Azure Healthcare Limited, Hill-Rom Holdings, Inc., TekTone Sound & Signal Mfg., Vigil Health Solutions, Inc., Rauland-Borg Corporation, and Critical Alert Systems LLC are some of the key players operating in the nurse call systems market.
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