Nurse Call Systems Market – Global Opportunity Analysis and Industry Forecast, 2017-2023
Nurse Call Systems Market by Technology (Wired Systems and Wireless Systems), Equipment (Button Systems, Intercom Systems, Mobile Systems, and Integration Communication Systems), Application (Emergency Medical Alarms, Wanderer Control, Workflow Support, and Others), and End User (Hospitals, Nursing Homes & Assisted Living Centers, and Ambulatory Surgical Centers & Clinics) - Global Opportunity Analysis and Industry Forecast, 2017-2023
- Report Number: 180910928
Nurse Call Systems Market Overview:
Global Nurse Call Systems Market accounted for $1,114 million in 2016, and is estimated to reach at $ $1,972 million by 2023, growing at a CAGR of 8.5% from 2017 to 2023. Nurse call systems are the basic emergency call solution used by patients or residents to call for assistance in hospitals and other healthcare organizations. These systems reduce the response time by nurse and doctors leading to effective workflow.
The global nurse call systems market include rise in incidence & prevalence of chronic diseases and large pool of geriatric population. In addition, growth in government healthcare expenditure, technological advancements to improve efficacy & safety of the patients, and diverse uses of nurse call systems such as integration with other departments (administration, canteen, and housekeeping) of hospital and texting capabilities to distribute task (call for blanket, food, carrying patients, and others) among hospital staff are expected to fuel the market growth during the analysis period. Moreover, the Asia-Pacific region offers lucrative growth opportunities to the nurse call systems market players. However, stringent government regulations are expected to hamper the market growth.
Global Nurse Call Systems Market Segmentation
Based on technology, the market is bifurcated into wired nurse call systems and wireless nurse call systems. The wired nurse call systems segment accounted for the highest market share in 2016, and the wireless nurse call systems is expected to grow at the highest growth rate during the forecast period. The growth of the wireless nurse call systems market is attributed to the increase in preference toward wireless nurse call systems as they allow free mobility to patients. On the basis of equipment, it is categorized into button systems, intercom systems, mobile systems, and integration communication systems. The integration communication systems captured the highest market share in 2016. Based on end user, the market is bifurcated into hospital, ambulatory surgical centers & clinics, and nursing homes & assisted living centers. The hospitals segment captured the highest market share in 2016, and is expected to witness the highest CAGR during the analysis period. On the basis of application, the market is segmented into emergency medical alarms, wanderer control, workflow support, and others. The emergency medical alarm occupied the highest market share in 2016.
Top Investment Pocket
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest share of the market in 2016, followed by Europe. Asia-Pacific is anticipated to witness the highest growth rate during the analysis period. In addition, this region is expected to emerge as the area with maximum growth potential due to the focus of key players in the emerging economies and improvement in healthcare infrastructure.
Indian Nurse Call Systems Market ($Million), 2016-2023
Increase in government expenditure in the healthcare sector
According to WHO, about 15.5% of the total government expenditure was spent on healthcare in 2014. Furthermore, according to the World Bank data, in 2014, the Government of China spent 5.5% of its GDP on healthcare, the Indian Government spent 4.7% of its total GDP. In addition, according to a study in Lancet (a medical journal) Future and potential spending on health 2015-2040 by 2040, the global healthcare spending per person is expected to grow by two-folds. Moreover, the global government health expenditure per capita is expected to increase by $1,126 from 2014 to 2040.
Diverse application of nurse call systems
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. New Midwestern U.S. hospital have decentralized nursing units that enable nurses and patients to effectively communicate across the facility. Major companies operating in this market adopted product launch as their key development strategy. Companies profiled in this market include, 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.
The other players (the profiles of these players are not covered in the report) in the value chain include Courtney Thorne, Fresenius SE & Co. KGaA, Baxter International Inc., BioScrip, Inc., Grifols, S.A., JW Life Science Co. Ltd., BRIEF-Sichuan Kelun, Pharmaceutical Co. Ltd., CVS Health Corporation, and Vifor Pharma Group among others.
- The study provides in-depth analysis of the global market along with current trends and future estimations to elucidate the imminent investment pockets.
- Quantitative analysis of the industry is provided for the period of 2016-2023 to enable the stakeholders capitalize on the prevailing market opportunities.
- Extensive analysis by technology and application helps understand various trends and prevailing opportunities in the market.
- Comprehensive analysis of all geographical regions is provided, which determines the main opportunities in these geographies.
- The key market players are profiled and their strategies are analyzed to predict the competitive outlook of the market.
Nurse Call Systems Market Key Segments:
- Wired Systems
- Wireless Systems
- Button Systems
- Intercom Systems
- Mobile Systems
- Integration Communication Systems
By End User
- Ambulatory Surgical Centers & Clinics
- Nursing Homes & Assisted Living Centers
- Emergency Medical Alarms
- Wanderer Control
- Workflow Support
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Table of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.4.1. Secondary research
Chapter: 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2.1. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of buyers
3.4. MARKET SHARE ANALYSIS, 2016
220.127.116.11. Increase in geriatric population
18.104.22.168. Stringent Government Regulations
Chapter: 4 NURSE CALL SYSTEMS MARKET, BY TECHNOLOGY TYPE
4.1.1. Market size and forecast
4.2. WIRED SYSTEMS
4.2.1. Key market trends
4.3. WIRELESS SYSTEMS
4.3.1. Key market trends
Chapter: 5 NURSE CALL SYSTEMS MARKET, BY EQUIPMENT
5.1.1. Market size and forecast
5.2. BUTTON SYSTEMS
5.2.1. Market size and forecast
5.3. INTERCOM SYSTEMS
5.3.1. Market size and forecast
5.4. MOBILE SYSTEMS
5.4.1. Market size and forecast
5.5. INTEGRATED COMMUNICATION SYSTEMS
5.5.1. Market size and forecast
Chapter: 6 NURSE CALL SYSTEMS MARKET, BY END-USER
6.1.1. Market size and forecast
6.2.1. Market size and forecast
6.3. AMBULATORY SURGICAL CENTERS AND CLINICS
6.3.1. Market size and forecast
6.4. NURSING HOMES AND MEDICAL ASSISTED LIVING CENTERS
6.4.1. Market size and forecast
Chapter: 7 NURSE CALL SYSTEMS MARKET, BY APPLICATION
7.1.1. Market size and forecast
7.2. EMERGENCY MEDICAL ALARMS
7.2.1. Market size and forecast
7.3. WANDERER CONTROL
7.3.1. Market size and forecast
7.4. WORKFLOW SUPPORT
7.4.1. Market size and forecast
7.5.1. Market size and forecast
Chapter: 8 NURSE CALL SYSTEMS MARKET, BY GEOGRAPHY
8.1.1. Market size and forecast
8.2. NORTH AMERICA
8.2.1. Key market trends
8.3.1. Key market trends
8.4.1. Key market trends
8.5.1. Key market trends
Chapter: 9 COMPANY PROFILE
9.1. HILL-ROM HOLDINGS. INC.
9.1..1. Company overview
9.2. AMETEK INC.
9.2..1. Company overview
9.3. HONEYWELL INTERNATIONAL INC.
9.3..1. Company overview
9.4. AZURE HEALTHCARE LIMITED
9.4..1. Company overview
9.5. ASCOM HOLDING AG
9.5..1. Company overview
9.6. STANLEY HEALTHCARE
9.6..1. Company overview
9.7. CORNELL COMMUNICATIONS INC.
9.7..1. Company overview
9.8. JERON ELECTRONIC SYSTEM INC.
9.8..1. Company overview
9.9. VIGIL HEALTH SOLUTIONS INC.
9.9..1. Company overview
9.10. JOHNSON CONTROL
9.10..1. Company overview
LIST OF TABLES
TABLE 1. GLOBAL INCIDENCE RATES OF DISEASES
LIST OF FIGURES
FIGURE 1. GLOBAL NURSE CALL SYSTEMS MARKET, 2016-2023
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