Nurse call systems are a setup within a patient’s room for calling on
nurses in case of emergencies. Some common features of these systems
include wall station, desk console, bed cable, and pillow speaker. The
global nurse call system market report compiled by Market Research
Future (MRFR) outlines the various drivers, opportunities, and
challenges in a comprehensive gained by a combination of primary and
secondary research.
Market Overview
The global Nurse Call System Market
is anticipated to exhibit a CAGR of 9.5% during the forecast period
(2018-2023). The large pool of geriatric patients who require assistance
or patients in assisted living centers are two of the biggest drivers
of the market. These systems can alert nurses in case of emergencies to
provide immediate care and assistance. Expansion of hospital chains to
cater to the large patient volume as well as to simplify their
operations can spur the demand for nurse call systems.
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The transition to mobile applications and the shift towards
digitization by hospitals can positively influence the global nurse call
system market. Considerable investments by governments for enhancing
the existing hospital infrastructure as well as the introduction of
reimbursement schemes can bode well for the market. For instance, nearly
49 million elderly patients in the U.S. were covered by Medicare. The
integration of these systems with wireless connections can disrupt
market growth positively.
High installation costs of these systems and stringent government policies can pose a challenge to market growth.
Global Nurse Call System Market – Segmentation
The report is segmented into five market dynamics to widen the scope of understanding,
By Type: Nurse Call Buttons, Integrated Communication Systems, Mobile Systems, and Intercoms, among others.
By Technology: Wired Systems and Wireless Systems.
By Application: Medical Emergency, Alarms, and Workflow Management, among others.
By End-users: Hospitals & Nursing Homes, Assisted Living Centers, and Ambulatory Care Centers, among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis
The Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and
North America are the main regions considered during the compilation of
the market report.
The Americas are pegged to be the dominant region in the global nurse
call system market due to the constant upgrades in technologies as well
as the launch of new products. The large geriatric populace and the
ballooned healthcare funding provided for well-being of patients by
developed economies of Canada and the U.S. can augur well for the
region.
Europe is deemed to contribute a sizeable amount to the global market
revenue earnings due to the large patient pool and a well-developed
healthcare sector. On the other hand, APAC is expected to exhibit a
robust growth rate due to the developed healthcare infrastructure of
economies and the large aged populace.
Competitive Landscape
Fiercely competitive, the nurse call system market appears to be
fragmented characterized by the presence of numerous small & large
players. To gain a substantially large revenue pocket, these players
incorporate various strategic initiatives such as mergers &
acquisitions, collaboration, and product launch. They also invest
colossally in R&D activities to develop a cost-effective product
portfolio with unrivaled design & features.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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