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Nurse Call Systems Market is expected to generate total revenue of US$2,665.98 mn by 2025
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https://www.transparencymarketresearch.com/nurse-call-system-equipment-market.html
However, the high cost of implementation and lack of trained professionals of both the healthcare and IT are limiting growth of the global nurse call systems market.
According to the report by TMR, the global market for nurse call systems is anticipated to expand at a CAGR of around 10.9% from 2017 to 2025 to attain a value of US$2,665.98 mn by the end of forecast period.
Rise in Demand for Flexible Technology to be Beneficial for Growth
On the basis of equipment-type, the global nurse call systems market is segmented in to nurse call intercoms, basic audio/ visual nurse call systems, digital nurse call systems, IP-based nurse call systems, and nurse call mobile systems. Of these, IP-based nurse call systems dominated the global nurse call systems market in 2016 owing to the flexibility of installation such as installation in phases.
On the basis of communication technology, the global nurse call systems market is segmented into wireless communication and wired communication. Of these, wired communication dominated in the market and expected to continue its dominance over the forecast period. This growth is attributable to the various government norms mandating for the wired infrastructure in acute care. On the basis of end-users, the market is segmented into hospitals, assisted living centers, nursing homes, and clinics. Of these, hospitals segment is dominating the global market and expected to continue its dominance over the forecast period. Thanks to higher adoption from hospitals than other segments. The patient-centric approach from the hospitals is fuelling growth of the global nurse call systems market.
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High Acceptance from North America to Bolster Market Growth
On the basis of region, the global nurse call systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Rest of the World. Of these, in 2016, North America dominated the global nurse call systems market and expected to continue its dominance over the forecast period. This growth is attributable to the high elderly population in the region. However, Asia Pacific region is anticipated to grow with higher CAGR over the forecast period due to higher adoption of secure and wired nurse call solutions in nursing facilities for acute care. Additionally, improving healthcare infrastructure and improved access, flexibility, and mobility of the wireless communications are expected to fuel growth of the nurse call systems market presence in Asia Pacific.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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