Nurse Call Systems Market (Covid-19) Impact and Analysis By 2027 | Ascom, Honeywell International, Siemens AG, Azure Healthcare, Intercall Systems, SCHRACK SECONET AG, STANLEY Healthcare, Critical Alert Systems., Hill-Rom Services and Rauland

The Insight Partners analysts forecasts the latest report on “Nurse Call Systems Market (Covid-19) Impact and Analysis by 2027”, according to report; The Nurse Call Systems Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Nurse Call Systems Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Nurse Call Systems Market.

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The global nurse call systems market accounted to US$ 1,252.65 Mn in 2018 and is expected to grow at a CAGR of 10.3% during the forecast period 2019 - 2027, to account to US$ 2,936.83 Mn by 2027.

Some of the Major Market Players Are:

Ascom Holding AG
Honeywell International Inc.
Siemens AG
Azure Healthcare
Intercall Systems Inc.
SCHRACK SECONET AG
STANLEY Healthcare
Critical Alert Systems.
Hill-Rom Services Inc.
Rauland

Market Insights

Increasing Incidences of Alzheimer’s Diseases is expected to boost the market growth over the years

Alzheimer’s diseases is form of dementia and is a progressive disorder which eventually results in the loss of memory and deterioration in cognitive skills. The disease among the six leading causes of death in United States. According to the recent data published in 2019 by Alzheimer's Association states that approximately 5.8 million Americans are suffering with Alzheimer’s and the number is expected to rise approximately up to 14 million by 2050.

In addition, it is also stated that from 2000 to 2017 the deaths due to Alzheimer’s disease has grown by 145%, one in every three senior person dies with the disease or the other form of the dementia. The cost incurred in the disease are rising in the region. It was estimated that by 2019 Alzheimer’s and other form of dementias will cost nearly US$ 290 billion and it is also estimated that by 2050 the cost can rise roughly up to US$ 1.1 trillion. For the seniors citizens living with the dementia are provided care of nearly 18.5 billion hours which is fairly valued approximately US$ 234 billion.

Thus, the increasing incidences of Alzheimer’s diseases poses several opportunities for the nurse call systems market to grow during the forecast period.

Growing Numbers of Assisted Living Centers

Assisted living centers or the assisted living communities generally serve the people who requires help for their daily activities and some of the healthcare services. The centers or the communities are combination of the independence, companionship, privacy and have security and premises that resembles like homes. The rise in the Alzheimer’s diseases are leading to the growth of the assisted living care, there are approximately 28,9000 assisted living centers owing approximately 1 million licensed beds in the United States. The average number of the licensed beds in an assisted living center is 33.

Moreover, TERRAGON (Germany), conceives and realizes barrier-free living arrangements that make it easy to look forward to this period of life. They benefits the long-standing perception of the residential wishes of the residents of Assisted Living. These experiences also flow into the provision of the service offerings as well as the design of the social areas.

In US, there are approximately, 42% of assisted living centers that are run independently and rest are organization with two or more communities that work together. The paying for the care is comparatively less than the average cost of a homemaker services. The average cost per year is approximately US$ 48,000 on the other hand the homemaker service cost is US$ 48,048 or for the home health aide is approximately US$ 50,336. Majority of the assisted living centers utilized some form of private funds to pay for the care services. Thus, the growing number of assisted living centers is expected to create a demand for the nurse call systems across the world.

Strategic Insights

Strategic acquisition and product launches were observed as the most adopted strategy in global nurse call systems industry. Few of the recent product launch, product approval and acquisitions are listed below;

2019: Critical Alert Systems has announced a partnership with Bernoulli Health, developer of Bernoulli One. The platform fuses Bernoulli One’s real-time, patient-generated data, including live-streaming waveforms and alert notifications intelligently aggregated and filtered from multiple physiologic devices and EHRs, with Critical Alert Systems’ staff assignment, advanced, rules-based routing and distribution capabilities.

2018: Ascom Holding AG with Dräger AG & Co. KGaA has launched integrated clinical alarm management solution in North America. The solution was introduced for Ascom’s Unite Connect and it has received FDA clearance for sales and distribution in the US. The product is also available in the Canadian market.

2017: Beacon Communications, LLC entered into partnership with STANLEY Healthcare Connected, and will offer STANLEY Healthcare’s senior living solutions - including the Arial emergency call solution and WanderGuard BLUE wander management solution to new and existing customers in western United States.

MARKET SEGMENTATION

By Equipment

Integrated Communication Systems
Button Systems
Mobile Systems
Intercom Systems

By Technology

Wired Systems
Wireless Systems

By Application

Emergency Medical Alarms
Wanderer Control
Workflow Support
Others

By End User

Hospitals
Nursing Homes & Assisted Living Centers
Clinics
Others

The report analyses factors affecting the Nurse Call Systems Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Nurse Call Systems Market in these regions.

Moreover, the report entails the estimate and analysis for the Nurse Call Systems Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Nurse Call Systems Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Nurse Call Systems Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Nurse Call Systems Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Nurse Call Systems Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Nurse Call Systems Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Nurse Call Systems market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Nurse Call Systems market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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