Press release
Aging Population Calls on the Global Nurse Call Systems Market
The well-documented baby-boomer era is slowly coming to a close. This is creating a unique global situation of a staggeringly large population of the elderly. The geriatric population, along with their medium to large amounts of savings or funds of their progeny, is in need of greater levels of healthcare than any previous generation. Increasing expenses of elderly healthcare, the growing number of assisted living centers across the world, and improved communication systems, are all set to push the global nurse call systems market into greater heights.Download Analytic Brochure to Get Discount: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2173
A new Transparency Market Research report states that the global nurse call systems market stood at US$0.6 bn in 2013 and is anticipated to reach US$1.6 bn by 2020. It is expected to expand at a CAGR of 13.90% from 2014 to 2020. The title of the report is “Nurse Call Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”
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.
Browse Research Report: http://www.transparencymarketresearch.com/nurse-call-system-equipment-market.html
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 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).
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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