Global Nurse Call System Market will explore robust size & growth during 2015-2020
Deerfield Beach, FL -- (SBWIRE) -- 10/13/2017 -- According to the report, the global nurse call system market was valued at around USD 600.0 million in 2014 and is expected to reach USD 1,600.0 million in 2020, growing at a CAGR of around 14.0% between 2015 and 2020. Zion Market Research has published a new report titled "Nurse Call System Market by Equipment Type (Nurse Call Buttons, Nurse Call Intercoms, Nurse Call Mobile Systems, and Nurse Call Integrated Communication Systems) by Communication Technology (Wired Communication Equipment and Wireless Communication Equipment) for Hospitals, OPD Clinics, Assisted Living Centers, and Ambulatory Services: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020".
Nurse call system (NCS) is a widely used innovative healthcare communication systems. Most of the healthcare institutions and hospitals aim to offer reliable communication facilities their patients. Installed near to a patients' bed, a nurse call system helps patients to generate alert for hospital staff of nurse in case of emergency conditions. A nurse call system is of crucial importance in healthcare communication, which provides an efficient and effective tool for communication between patient and hospital staff. Noiseless operation, automatic data logging, low voltage operations that avoid short circuit, pleasant annunciation and multiple call indications are some of the most important advantages of nurse call system. A nurse call system can be an audio or visual reminder via radio pagers, mobile phones or tablets.
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Rising level of awareness among the hospital management regarding the importance of advanced technology has resulted in growing demand for nurse call systems across the world. However, nurse call system market is primarily driven by rapidly growing geriatric population across the world and their increasing health issue. Technological advancement in healthcare telecommunication is driving demand for this market. Rapidly growing geriatric population and increasing number of healthcare facilities in emerging economies is also expected to trigger demand for nurse call systems during the forecast period. Cost, scalability, flexibility, convenience in installation, etc. are some of the important buying criteria considered by end-users before installation. Different government policies and regulations with respect to the manufacturing of nurse call system in different countries is expected to hold back the growth of nurse call system market in the years to come.
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Nurse call buttons, nurse call mobile systems, nurse call intercoms, and nurse call integrated communication systems are some of the important segments of nurse call system market based on equipment. Nurse call integrated communication systems accounted for around 75% of the overall revenue generated by nurse call system market in 2014. Due to increased use of mobile systems and growing need for advanced mobility and flexibility the demand for nurse call mobile systems is expected to grow at a rapid pace in the years to come.
Wireless and wired are the two communication important technologies used in nurse call system. Wired nurse call systems accounted for the largest share of the nurse call system market in 2014. However, with rapid advancement in wireless technology, the demand for wireless nurse call systems is expected to exhibit robust growth in the years to come.
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Hospitals were the largest application segment of global nurse call system market and it accounted for more than 74% share of the total revenue generated in 2014. OPD clinics assisted living centers, and ambulatory services are some the other major application markets for nurse call systems. North America was the leading regional market for nurse call system, which accounted for over 38% share of the total market in 2014. However, it is also expected to continue its dominance during the forecast period. The rapid pace of technological advancement and development of wireless communication equipment are propelling the growth of nurse call systems market in the region. North America is followed by Europe. Asia Pacific is expected to witness significant growth in the years to come. Latin America and Middle East & Africa are also expected to experience strong growth in nurse call systems market during the forecast period.
Ascom Holding AG, Rauland-Borg Corporation, Hill-Rom Holdings, Inc., Cornell Communications, Inc., Jeron Electronic Systems, Inc., Tyco SimplexGrinnell, TekTone Sound & Signal Mfg., Inc., Vigil Health Solutions, Inc., Critical Alert Systems, LLC, Stanley Healthcare, Azure Healthcare Limited are some of the key vendors in the market.