Nurse Call System Market Overview
Global nurse call system market is growing pervasively. The market is witnessing furthering prominence due to the increased need for remote care during the COVID 19 Pandemic. Growing geriatric population, alongside the vast patient population suffering from myriads of chronic diseases & disorders, creates a huge demand for advanced medical infrastructures such as assisted living centers. Also, the need for effective nurse call systems to run hospital operations smoothly, fuels market growth.
Besides, the increased demand for active tracking of patients, especially in assisted living, old-age homes, and ambulatory service centers, accelerates the growth of the market to furthered height. All these factors cumulatively allow the market to garner significant traction across the globe. According to Market Research Future (MRFR), the global nurse call system market is estimated to register 9.5 % CAGR throughout the projected period (2017-2023).
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Additionally, advances in healthcare IT and the early uptake of evolving IoT devices drive the market growth predominantly with hi-tech wired & wireless technology. Moreover, the rising awareness among demographics about healthcare and advantages of Nurse Call Systems substantiates the market growth. Also, Rapid increase in the global economy and urbanization boosts the growth of the market. The size of the nurse call system is exploding with the growing penetration of cloud & IoT (internet of things).
Furthermore, the availability of excellent coverage of network & connectivity, dropping prices of these devices, and negligible cost of scalability of communication provide a considerable impetus to the growth of the market. On the other hand, factors such as high installation & maintenance costs, concerns of privacy & information occurred due to the open networks, and lack of awareness for the benefits of these systems are impeding the market growth.
Impact of Covid-19 Outbreak on Nurse Call System Market
The Nurse Call System is an electrically operated system in hospitals and nursing homes and is placed beside the patient’s bed. It aids patients in health care settings to alert a nurse or any other health care staff member remotely if they need any help. Due to rising rate of COVID-19 patients around the globe there has been an increasing demand of nurse call systems. This rising demand can be attributed to increasing influx of patient in the hospitals which is creating a hindrance in the patient monitoring system of hospital. In this scenario, the nurse call system has been helping patients to call for assistance. According to Global Health Observatory, in 2017, about 50% of WHO Member States have around less than 3 nursing and midwifery personnel per 1,000 of population.
Various players in the nurse call system market are coming up with advanced and enhanced features of products in order to provide suitable solutions for COVID-19 pandemic. The use and expansion of digital health solutions can revolutionize the healthcare standards, and access services to promote health and well-being of people. Also, the government and private medical institutes are taking various initiatives to help the healthcare system in every possible way. In March 2020, World Health Organization (WHO) came up with global strategy on digital health 2020–2024, wherein it encourages and supports the health systems through the application of various digital health technologies in order achieve quality health services across the globe. The medical device companies are facing problem in manufacture, delivery and installation of devices in hospitals and clinics. The companies are have started client services through conference calling, video calling, and document collaboration, following the government’s norm of social distancing.
Market Research Future (MRFR) collected data on several factors including implications of COVID 19 Impact on Nurse Call System Market and demographic challenges, showed how it could move forward in the coming years.
Nurse Call System Market – Segmentations
The report is segmented into five dynamics:-
By Type: Nurse Call Buttons, Nurse Call Integrated Communication Systems, Nurse Call Mobile Systems, Nurse Call Intercoms, and others.
By Technology: Wired Systems and Wireless Systems.
By Application: Medical Emergency, Alarms, Work Flow Management, and others.
By End-User: Hospitals & Nursing Homes, Assisted Living Centers, Ambulatory Care Centers, and others.
By Regions: Americas, Europe, Asia Pacific, and the rest-of-the-world.
Global Nurse Call System Market – Regional Analysis
North America dominates the global nurse call system market. The largest market share attributes to the presence of several technology majors and prominent industry players in the region. Besides, early adoption of advanced technologies, high per capita healthcare expenditures and the availability of medical infrastructures act as driving forces for the regional market.
Additionally, increased R&D funding and aids provided by the governments to purchase futuristic nurse call systems drive the regional market growth. Well-developed economies such as the US and Canada accounts for considerable shares in the regional market. The North American nurse call system market is poised to retain its leading position in the global market throughout the forecast period.
Europe stands the second position in the global nurse call system market in terms of revenue and market size. The market growth is predominantly driven by the presence of well-developed healthcare industries and rising patient population & hospitalizations due to the increasing prevalence of myriads of chronic diseases in the region. The European nurse call system market is estimated to create a substantial revenue pocket over the assessment period.
Asia Pacific region has come up as a profitable market for nurse call systems globally. Factors such as the rising economic growth, rapidly developing healthcare facilities, and the increasing aging population in the region foster the market growth. APAC countries such as India, China, South Korea, and Japan are poised to remain at the forefront of the regional market. The APAC nurse call systems market is anticipated to grow rapidly over the review period.
Nurse Call System Market – Competitive Analysis
Highly competitive, the nurse call system market appears fragmented due to the presence of several well-established players. Industry players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/technology launch to gain a larger competitive share in the market. They also make substantial investments to drive R&D required for the development of technology & products and to expand their global footprints.
Nurse Call System Market Major Players:
Players leading the nurse call system market manufacturers are Honeywell International Inc., Austco Communication Systems Pty Ltd., Hill-Rom Services Inc., CSINC, Ascom, Johnson Controls., AMETEK, Inc., West-Com Nurse Call System, Inc, STANLEY Healthcare, Azure Healthcare, Jeron Electronic Systems Inc., Cornell Communications, Vigil Health Solutions Inc., Systems Technologies, and BEC Integrated Solutions, LLC, among others.
Nurse Call System Industry/Innovation/Related News:
May 13, 2020 --- The US FDA issued a EUA (Examination under anesthesia) for the Ascom teleCARE IP Nurse Call System and the Eko electrocardiogram (ECG) Low Ejection Fraction Tool (ELEFT). The FDA has been notified that more than 245 laboratories have begun testing under the policies set forth in its COVID-19 Policy for Diagnostic Tests for Coronavirus Disease-2019 during the Public Health Emergency Guidance.
May 13, 2020 --- Ni Hsin Marketing SDN BHD (NHM - Malaysia), announced its collaboration with a Kuala Lumpur- based medical equipment manufacture - WTK Manufacturing SDN BHD (WTKM). The collaboration agreement is a distributorship agreement to market WTKM’s complete range of products, including protective fabric mask, personal protective equipment (PPE), and hand sanitizer domestically and internationally through Asia Pacific, Africa, Europe, United States, Middle East, and South Asia.
WTKM and WTKT are engaged in the development and manufacturing of a range of medical equipment, including a nurse call system, smart dispensary system, prefabricated operation theatre system, and others.
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