Nurse Call System Market Triumph of Smart Devices and Wireless Technology over Manual and Wired Forecasts Till 2023

The constraints of Global Nurse Call System Market are high installation and maintenance costs, concerns of privacy and information due to open nature of the network, lack of awareness and others.

Pune, India - April 11, 2018 /MarketersMedia/ —

Nurse call systems alert healthcare professionals such as nurses request for care from a patient or ambulatory services and help them cope effectively of a fore coming emergency or acute medical need event. The Global Nurse Call System Market is projected to reach USD 2649.5 million, delivering an impressive double digit CAGR of 12.6 % during the review period of 2017 to 2023.

Nurse call systems reduce or eliminate human efforts and thus help in delivering timely treatment resulting in better outcomes and satisfaction. Advanced devices use connected healthcare technology which track, record and provide real time information of a patient’s medical condition and physical movements.

Nurse Call System Market Segments:

To generate bird’s eye view of the market so as to gain an intricate understanding, the global nurse call system market is segmented by type, technology, applications, end users and regions.

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Type - mobile systems, basic buttons alert systems, audio/visual nurse call systems, integrated communication systems, others.

Technology - wired systems and wireless systems

Application - medical emergency, workflow management, alarms, and others.

End user - hospitals and clinics, assisted living centers, ambulatory, and other.

Future Market Trends:

The wireless systems are expected to displace the wired systems!

“Smart devices have displaced the older wired system owing to their advantages such as automation, and short response time which is the holy grail of healthcare”, says Mr. Suhail Noolkar, researcher at Market Research Future. He further adds ”the advancements in devices such as internet of things and machine learning etc. will only accelerate the demise of the manual systems to the museums!”

Mobile apps expected to be the fastest growing segment

Mobile apps afford the convenience of most functions of nurse call systems devoid of any investment to buy new device. Moreover mobile being ubiquitous is expected to charge the market by integrating the system in mobiles.

Extended functionality

The trend and effect of technological convergence has demonstrated its ubiquitous presence especially in devices. The effect is expected to converge to its best in the nurse call systems market.

“Gone will be the days of limited functionality restricted to only a call” says Mr. Noolkar. “The growing capabilities and capacity of medical devices coupled with the growing integration of systems is expected to result in a plethora of information ranging from clinical data, patient history, disease statistics accounted from continuous monitoring at a flick of a switch!”, adds Mr. Noolkar with an aura of satisfaction.

Nurse Call System Market Dynamics:

Drivers

The growth in geriatric and immune-compromised patient’s population, growth of chronic diseases such as cardiac disorders, diabetes etc., growing number of single, widowed or separated people who are not under active monitoring, growing per capita income, growing assisted living centers and others are the prime drivers of the market.

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According to world health organization estimates the proportion of the world's population over 60 years is expected to double from 12 % in 2015 to 22 % by 2050. Thus a large and growing unmet need is easily comprehended even by layman.

Operational drivers of the market include growing complexity and size of hospital operations, development of large multispecialty hospitals, growing regulations and emergence of patient centric care, and the prohibitive costs of noncompliance in healthcare.

However technological developments such as growing connectivity and network coverage, miniaturization, falling cost of devices, and development of internet of things and analytics triumph product attraction.

Restraints

High installation and maintenance costs, lack of awareness, scarcity of trained manpower, concerns of information security due to open nature of the network, sink cost related to refurbishing older wired systems are the restraints on the market.

Nurse Call System Market Regional analysis:

North America led by the U.S. accounts for the largest market share of approximate 40 % in 2016 owing to well-developed healthcare infrastructure, large number of hospitals, faster uptake of new technology, and high per capita income. Europe led by Germany, France and U.K. holds a 30 % share of the market.

Asia Pacific region is expected to grow at the fastest CAGR led by Japan, China, South Korea, and India. The market of the Middle East & African region, is projected to be dominated by the Gulf economies of Saudi Arabia, UAE, Kuwait and others. The rapid expansion of healthcare by the Gulf economies is expected to charge the market. However, Africa is anticipated to generate moderate growth owing to poor connectivity, low per capita income and poor healthcare infrastructure.

Nurse Call System Market Prominent players:

The prominent players in the market are Honeywell International, Inc., Austco Communication Systems Pty Ltd., Ascom Holding AG, Hill-Rom Holdings, Inc., Tyco International PLC, CSINC, and others.

2017 - Hospital Corporation of America (HCA), announced its purchase of clinical workflow and team communication app maker Mobile Heartbeat. Clinical Urgent Response (CURE) app integrates iPhone or Android connecting them to caregivers inside and outside the hospital. The technology also affords handing off tasks from one professional to other.

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