According to a report by Allied Market Research, the global nurse call systems market garnered $1,114 million in 2016 and is expected to gather $1,972 million by 2023, thereby growing at a significant CAGR of 8.5% during the forecast period, 2017-2023.
The market study is an in-depth analysis of the nurse call systems market. It enables the interested business owners and individuals understand the entire market with the help of critical industry insights. It provides an overview of the drivers, restraints, and opportunities influencing the market. It discusses the market size, share, segmentation, and technology trends that are currently prevailing in this market. It also provides information about the leading players operating in the market.
The report elaborately analyzes the drivers, restraints, and opportunities of the nurse call systems market. Increase in geriatric population, increase in prevalence of chronic diseases, increase in government expenditure in the healthcare sector, diverse applications of nurse call systems, and technological advancements drive the growth of the market. However, factors such as stringent government regulations hinder the growth of the market.
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The report emphasizes on the various segments of the nurse call systems market. The market is segmented into technology, equipment, application, end user, and geography. Based on technology, the market is divided into wired systems and wireless systems. The equipment section is divided into button systems, intercom systems, mobile systems, and integration communication systems. The application segment is classified into emergency medical alarms, wanderer control, workflow support, and others. The end user segment is bifurcated into hospitals, nursing homes & assisted living centers, and ambulatory surgical centers & clinics. The geographical analysis of the market covers the regions such as North America, Europe, Asia-Pacific, and LAMEA.
The key players in the nurse call systems market are expanding the scope of their business operations in the developing countries by including innovative products in their product portfolios. The report includes a detailed competitive analysis of the major market players, such as Ascom Holding AG, Hill-Rom Holdings, Inc., Johnson Control, Honeywell International, Inc., Cornell Communications Inc., Ametek Inc., Azure Healthcare Limited, Jeron Electronic System Inc., Stanley Healthcare, and Vigil Health Solutions Inc. among others.
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