” The global nurse call systems is valued at US$ 1.03 billion in 2018 and is expected to grow at a CAGR of 9.2% during the forecast period”
A nurse call system is a nursing management and communication system that uses IP technology, which can be used for both wired and wireless connections. The features of the nurse call system make it perfect for use in hospitals, clinics, day centres, and others.
The system includes a set of wireless sensors and pushbuttons that make it possible or the nursing staff to keep track of the state of each patient or resident, thereby increasing their comfort and safety. For instance, the nurse call system found around a hospital bed lets patients in a health care centre to alert a nurse or other health care staff members for help. When the button is pressed, a signal alarms the staff at the nurse's station and they respond to such a call. Certain systems also let the patient speak straight to the staff, while others just buzz or beep at the station, requiring someone from the staff to visit the patient's room to address the patient's needs. The global nurse call systems is valued at US$ 1.03 billion in 2018 and is expected to grow at a CAGR of 9.2% during the forecast period.
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Key Developments/Recent News:
The global nurse call systems market is driven by factors such as an increasing occurrence of chronic diseases, growth in the aging population, technological developments and innovative product launches, and an increase in the number of people that are covered under insurance. On the other hand, the lack of qualified healthcare IT professionals and strict rules and regulations for nurse call system installations are some of the main factors that are anticipated to hinder the market growth.
CPs & CI
The major players operating in the global nurse call systems are Ascom Holding AG, Cornell Communications, Azure Healthcare Limited, Hill-Rom Holdings, Inc., Jeron Electronic Systems, Inc., TekTone Sound & Signal Mfg., Inc., STANLEY Healthcare, Rauland-Borg Corporation (acquired by Ametek, Inc.), Vigil Health Solutions, Inc., and Tyco SimplexGrinnell, among others.
The major players operating in the nurse call systems market are emphasising on new product development, product launches, and several other strategies such as mergers and acquisitions, in order to grab the attention of a greater number of customers. For instance, in November 2018, Critical Alert Systems engaged in a partnership with CareSight LLC for the alteration of its medical devices and alarm with the help of analytics services and advanced reporting. In December 2018, Ascom Holdings AG gained approval from the U.S. FDA (Food and Drug Administration) for Digistat Smart Central solution, increasing the possibility of Ascom Healthcare to increase their existence in the U.S. hospitals.
Key Questions Answered
• What is the market value of the overall nurse call systems market and segments?
• What are the key segments and sub-segments in the market?
• Which is the largest sub-segment in each segment in the scope of the study?
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the attractive segments and geographies to invest in?
• What is the market value at the regional and the country level?
• Who are the key market players and their key competitors?
• Who are the key market players at different stages of the value chain?
• What are the strategies for growth adopted by the key players in the market?