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Nurse Call System Market Regional Trends, Competitive Landscape, Business Overview, Emerging Technologies and Forecast 2023|Growth by Major Players: Terumo Corporation, Azure Healthcare Limited, Ascom Holding AG, Honeywell International Inc
The Nurse Call System Market was worth a significant in 2014 and is expected to garner lucrative market share by the end of 2023, while registering itself at a considerable compound annual growth rate (CAGR) during the forecast period. Nurse call systems can be characterized as electrically functioning equipment which empowers the patient to summon a nurse from a bedside station or a duty station. Nurse call system provides significant quality and productivity of nursing services in establishments, which use moderately new and unpractised nurses. Additionally, the nurse call system is thought to be vital in rendering quality health care services benefits by consequently managing the nursing tasks and activities. The critical increment in the requirement for responsive and efficient health care communication, expanding budget allocation for health care of elderly populace, and developing patient populace, among others are expected to add to the development of the market amid the estimate time frame.Competitive Insights:
The leading players in the market are Azure Healthcare Limited, Ascom Holding AG, Honeywell International Inc, Tyco SimplexGrinnell, Vigil Health Solutions Inc, Rauland-Borg Corporation, Cornell Communications, Critical Alert Systems LLC, Hill-Rom Holdings Inc and Jeron Electronic Systems Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Type of Equipment Outlook and Trend Analysis:
In 2016, the IP-based nurse call systems segment fragment represented most extreme demand, attributable to its flexible nature of being installed in stages. Furthermore, the developing interest for implementation of these frameworks would help the market development. For example, in August 2016, Azure Healthcare Ltd., got a US $1.1 million purchase order from a doctor's facility in North America for the supply of Internet protocol (IP) based 'Tacera' nurture call system.
Technology Outlook and Trend Analysis:
Wired communication equipment held most of the share of the overall industry, relating to the large presence of internet protocol (IP) based systems in the market. The most recent technology offers an online interface and conveniently accessible reporting systems, dissimilar to the older forms. More hospitals and care providing facilities are embracing incorporated IT and communication solutions. Wireless communication is anticipated to be the quickest developing section of the market amid the figure time frame, attributable to the portable systems, integration with other devices, and integration with other devices.
Regional Outlook and Trend Analysis:
North America commanded the market on the basis of income share in 2014. The increasing population in the area has expanded the interest for personal emergency response innovations. These equipment are frequently used in acute care facilities and assisted living, long term care, and home care and help lessen the staff response time. In the United States, a council was conducted by the American Association of Colleges of Nursing, the American Nurses Association, the American Organization of Nurse Executives and the National League for Nursing to hoist the nursing health changes. Government activities to fuse health technologies in nursing instruction are anticipated to add to the development of this industry.
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Table Of Content:-
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Aging Population and Rising Prevalence of Chronic Diseases
3.2.1.2. Investments in Healthcare
3.2.2. Restraints
3.2.2.1. Stringent Regulatory Environment
3.2.2.2. High Costs Involved in the Implementation of Nurse Call Systems
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
...CONTINUED FOR TOC
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Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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