Global Nurse Call Systems Market: Penetration of IoT Behind Increased Demand
The global nurse call systems market will witness industry participants concentrating on the need for better patient response time and also on reducing and eliminating nurse fatigue. Global players in the nurse call systems market are differentiating their products by integration of devices with different diagnostic technologies and solutions. Market players are also concentrating on offering customized services as per the requirements of the hospital by integration. Key players operating in the nurse call systems market worldwide include, Stanley Healthcare, Rauland-Borg Corporation, Hill-Rom Holdings, Inc., Ascom Holding AG, Tyco SimplexGrinnell, Cornell Communications, Inc., Jeron Electronic Systems, Azure Healthcare Limited, Inc., and Vigil Health Solutions, Inc., states a new report published by Transparency Market Research (TMR).
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According to the TMR report, the global nurse call systems market will be worth US$1.6 bn by 2020. On the basis of equipment type, the nurse call mobile systems are projected to witness the maximum growth on account of the high demand for mobile solutions. By end use, the hospital segment is leading but the demand for effective communication systems and patient safety will drive the growth of the assisted living centers segment during the forecast period.
Asia Pacific to Witness Rapid Growth in Nurse Call Systems Market
By communication technology, the wireless nurse call communication segment will witness a rapid growth in the coming years, driven by the mobility and flexibility in communication offered by this wireless call technology. By geography, North America stood in a dominant position in the past. Europe is anticipated to witness a sluggish growth in the coming years. Asia Pacific is anticipated to emerge as the region witnessing fastest growth in the nurse call systems market.
Growing Geriatric Population to Remain Key Driver for Rising Demand for Nurse Call Systems
The growing geriatric population remains the primary growth driver for the global nurse call systems market. The elderly population base requires more efficient and responsive healthcare communication and thus, will be key driver for this market. The growing budget allocation for the healthcare of people, especially the geriatric population will encourage the growth of the nurse call systems market.
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Government Regulations Regarding Distribution of Nurse Call Systems to Act as Barrier for Growth of Market
“The rising penetration of the Internet of Things (IoT) is yet another boon for the nurse call systems market,” states a TMR analyst. The internet of things has become an important part of the healthcare system and this will fuel the growth of the nurse call systems market. However, the regulations regarding the distribution of nurse call systems by the government will pose a challenge for the market. Government regulations pertaining to the manufacturing of the nurse call systems will also hamper the growth of the global nurse call systems market in the coming years.
Transparency Market Research (TMR) 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.
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