Press release
Need to Modernize Healthcare Services Heightens Demand for Nurse Call Systems, reports TMR
The top five vendors in the global nurse call systems market collectively held 44% of the market in 2013. However, these vendors-Ascom Holding AG, Rauland-Borg Corporation, Tyco SimplexGrinnell, Azure Healthcare Limited, and Hill-Rom Holdings Inc.-have to compete with numerous small-sized players in a highly fragmented landscape. These are the findings of a recent study published by Transparency Market Research (TMR).“Acquisitions and takeovers have been the key growth model for companies in the nurse call systems market,” says the author of the study. A case in point would be Ascom Holding AG, the company acquired Integrated Wireless Software Pty. Ltd. and Integrated Wireless Pty. Ltd. This has allowed the company to penetrate into Asia Pacific and build a strong foothold in this region.
Get Free Sample Report Brochure:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2173
System integration to increase compatibility with various healthcare applications in a bid to offer comprehensive workflow solutions is also what key players in this market are striving for. The integration of nurse call solutions allows real-time monitoring of individual patient metrics. The formation of national-level dealer networks in order to increase product reach and availability is another strategy adopted by key players in the nurse call systems market.
Demand for High-quality Patient Care Necessitates Installation of Nurse Call Systems
“An increasing geriatric population across the world is a major factor driving the global nurse call systems market,” says a TMR analyst. This is because this population is susceptible to illnesses and may require hospitalization for dedicated care. The use of nurse call systems for the geriatric population ensures that the patient can raise an alert at the nurse’s station to deliver timely care. This, in turn, allows healthcare organizations to attain seamless communication and streamline nursing activities.
The increasing budget allocation for healthcare of the elderly population is also significantly contributing to the growth of this market. With an increase in the median age of the global population, several countries are focused on providing improved healthcare. Factors such as increasing dependency ratio and the retirement of baby boomers have necessitated the availability of quality healthcare services for aged population.
The increasing need for effective and responsive healthcare communication is another significant factor driving the global nurse call systems market. This is because nursing staff need to be watchful and responsive to provide high quality of healthcare and to ensure patient safety.
“Government regulations in place for the manufacture and distribution of nurse call systems is major impediment to the growth of this market”, says TMR analyst. As per the recent amends by the International Medical Device Regulators Forum (IMDRF), nurse call systems would be included in the category of medical devices. This necessitates nurse call systems to be clinically audited, regulated, and certified.
The IMDRF amend also requires that the software within medical devices need to satisfy medical grade ISO 9000 quality control specifications.
Hospitals Represent Largest End-use Segment
The global nurse call systems market is expected to be worth US$1.57 bn by 2020. Nurse call integrated communication systems is the leading segment of the market on the basis of equipment type; the segment held almost 75% of the overall market in 2013. Nurse call mobile systems equipment type is expected to display significant demand in the foreseeable years. Wired nurse call communication equipment is the largest segment of the market on the basis of communication technology. Hospitals is the largest end-use segment of the nurse call systems market.
Browse Full Report@ http://www.transparencymarketresearch.com/nurse-call-system-equipment-market.html
About Us:-
Transparency Market Research is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact Us:-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Need to Modernize Healthcare Services Heightens Demand for Nurse Call Systems, reports TMR here
News-ID: 354077 • Views: …
More Releases from Transparency Market Research - Healthcare IT
Healthcare Information Systems Market - Increasing Government Funding for Health …
The leading players in the global healthcare information systems market are Cerner Corporation, McKesson, and All Scripts. Collectively, these players held a share of 26% in the global market in 2015, states Transparency Market Research. The diversified portfolio of these companies is expected to help them maintain a lead in the coming years. Several companies in the global healthcare information systems market are expected to focus on increasing geographical presence…
Healthcare Automation Market - Therapeutic Automation Remains Dominant Technolog …
Transparency Market Research (TMR) states that Siemens AG, General Electric Company, Swisslog Holding AG, and Koninklijke Philips N.V. are some of the leading companies in the global healthcare automation market. These players have consistently worked toward expansion of product portfolio and reinforcing business through innovation product development. In the coming years, to beat the competition, players are expected to plan for mergers and acquisitions to expand their horizons to newer…
Technology Spending on Revenue Cycle Management Market - APAC Grows Stronger in …
McKesson Corporation, Allscripts, Cerner Corporation, and Optum Health, Inc. were the leading players in the global market for technology spending on revenue cycle management in 2015. These key companies show the common strengths in having built strong distribution channels and effective long-term partnerships.
Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17597
According to a research report released by Transparency Market Research, technology spending on revenue cycle management is expected to experience a buildup in competitive rivalries…
Smart Healthcare Products Market: Integration of IoT and Big Data with Smart Hea …
The global smart healthcare products market is fragmented due to presence of high number of players who offer differentiated products. This allows players to focus on specific product types thus increasing their market presence. For instance, in 2014, Becton Dickinson & Company and Medtronic again were among leading vendors in smart syringes, Medtronic and Olympus Corporation led the smart pills sales, and Epic Systems Corporation and Allscripts Healthcare Solutions were…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
