Nurse Call Systems Industry valued at USD 1.12 Billion and expected to grow at 9.5% CAGR by 2025
The Global Nurse Call Systems Market was valued at USD 1.12 billion in 2016, and is estimated to grow at a CAGR of 9.5% by 2025. The market is growing by increasing healthcare expenditure are some major factors driving the growth of the market.
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Based on application, the market is segmented into hospitals, assisted living centers & nursing homes, clinics & physician offices, ambulatory service centers, and other end users. The hospital segment is expected to grow at the highest CAGR during forecast period. The growth in the hospitals segment will primarily be driven by the increasing geriatric population and the increasing number of private and public hospitals, especially in emerging economies
Nurse call systems have various applications that are developed for providing comfort to patients and healthcare management. At present, these systems are not only connected to the nurse station, but also to the other departments of the hospitals, such as housekeeping department, administration, and others, leading to better communication services.
Similarly, real-time systems installed in nurse call had provided patient with free mobility in hospital premises and helped nurse to track patients and improve patient safety. Furthermore, nurse call systems are integrated with medical devices, such as heart monitor, which enable nurse to help patient in case of emergency.
The market is dominated by North America, followed by Europe, Asia, and the Rest of the World. However, Asia is expected to register the highest CAGR during the forecast period, due to increasing diabetes prevalence and growing geriatric population.
Some of the key players operating in this market include Ascom Holding AG, Hill-ROM Holdings, Inc., Tyco International PLC, Honeywell International, Inc., Rauland-Borg Corporation, Siemens AG, Schrack Seconet AG, Azure Healthcare Limited, Tektone Sound & Signal Mfg., Inc., Intercall Systems, Inc., and among others.
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Key benefits of the report:
• Global, Regional, Country, Application, and Type Market Size and Forecast from 2014-2025
• Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
• Identification of key companies that can influence this market on a global and regional scale
• Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
• Detailed insights on emerging regions, Type & application, and competitive landscape with qualitative and quantitative information and facts
• Emerging technologies benefitting the market
Target Audience:
* Providers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
Research Methodology
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity Production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer
* Component Supplier
* Distributors
* Government Body & Associations
* Research Institute
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TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Nurse Call Systems Market — Industry Outlook
4 Nurse Call Systems Market Type Outlook
5 Nurse Call Systems Market Application Outlook
6 Nurse Call Systems Market Regional Outlook
7 Competitive Landscape
End of the report
Disclaimer
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