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The Nurse Call Systems Market is estimated to hit $16.026 billion by 2023

(June 08, 2018)

According to the new market research report by IndustryARC titled “Nurse Call Systems (NCS) Market: By Type (Traditional NCS, Advanced NCS, Middleware Interfaced NCS); By End Users (Hospitals & Clinics, Senior Living Facilities and Assisted Living Facilities); By Geography – Forecast (2018-2023)”, the market is set to register healthy growth due to the presence of large number of hospitals, and by improving technological advancements.

The global Nurse Call Systems market is projected to grow at a CAGR of 6.60%, from $10.921 billion in 2017 to reach $16.026 billion by 2023. Hospitals and clinics segment is the single-largest user segment in the healthcare industry and receives huge public and private investments to provide quality services. Hence, this end-user segment will continue to dominate the market for NCS. This segment was estimated to register $5.740 billion in 2017, and expected to reach $8.329 billion by 2023 at 6.4% CAGR.

North America continues to lead the market share during 2018-2023.

North America is dominating the Nurse Call Systems Market, with a share of $4.353 billion in 2017 at a CAGR of 5.80%, and is projected to reach $6.105 billion by 2023. The presence of large number of hospitals and healthcare facilities is the biggest driving factor for traditional nurse call systems market in this region. According to the WHO, 30.85% of the globally registered hospitals are in the Americas. Moreover, the rapidly aging population in the U.S., Canada and Mexico will drive the need for efficient emergency medical alarms in hospitals and assisted living facilities.



Asia-Pacific market will show significant share in the global nurse call systems market, with revenue of $1.939 billion in 2017 and growing at a highest CAGR of 12.21% to reach $3.868 billion by 2023. Asia-Pacific is the most promising region globally for nurse call systems. Few factors which have a positive impact on the market in this region are: rapidly aging population driving the demand for efficient emergency monitoring systems, increased healthcare expenditure by governments across different countries in this region, and technological advancements making latest wireless nurse call systems highly affordable and accessible.

Selected / Sample Analysis done in the full Report:

The quality of nurse call systems manufactured depends on both the components used and the technologies adopted. There is very less scope for innovation in traditional nurse call systems. However, the newer systems are integrated with other healthcare devices and use latest technologies. Once the design, product features, specifications and patent filing are finished, either through its own R&D activities or licensing agreements with research institutes or universities, the company starts the manufacturing process.

The company procures a variety of raw materials and electronic components from suppliers, or produces its own components. It then manufactures the NCS either at their own factory, or outsources the production process to a third-party manufacturer. Sometimes, these NCS are also integrated with other smart devices / integrated communication systems and wireless nurse communication devices such as radios and pagers. This requires the company to develop or collaborate with other companies to provide software compatible with its product for integrating these devices.

The finished products, nurse call systems, are then distributed to wholesalers or retailers through global or regional distributors which then reach the end-users such as hospitals, assisted living and senior living facilities. These systems are also sometimes integrated with other portable communication devices and healthcare monitoring devices, based on the requirements of the end-users.

To access / purchase the full report browse the link below

https://industryarc.com/Report/1312/Nurse-Call-Systems-Market-Analysis-Report.html

 

Excerpts on Market Growth Factors Mentioned in the Full Report:

  1. Availability of reimbursements from private and government health insurers is the major factor driving large scale adoption of NCS devices.

  2. The presence of the large number of hospitals and healthcare facilities is the biggest driving factor for traditional nurse call systems market in North American region.

  3. Increased penetration of smart-phones and their growing use by health-care professionals for emergency communication is also projected to drive significant growth for the market.

  4. The reimbursement policies implemented by government across various countries are the most important driver that will drive robust growth for the NCS market in the next coming years.

 

Talk to one of our sales representative about the full report by providing your details in the below link:

https://industryarc.com/support.php?id=1312

 

Key Players of the Nurse Call Systems Market:

The nurse call systems market was dominated by Hill-Rom Holdings Inc., Tyco SimplexGrinnell LP, Ascom Holding AG, Honeywell International, Inc., and Rauland-Borg Corporation. Tyco SimplexGrinnell and Hill-Rom Holdings are the two companies that hold the largest share in the global NCS market, in terms of revenue. These companies have also invested significant amount of R&D for expanding and improving their product portfolio. Hill-Rom invested around 4% of its total revenue on development of innovative products, integrated nurse call system technology in particular.

Nurse Call Systems Market Report is segmented as below.

  • Nurse Call Systems Market By Type:

  1. Traditional Nurse Call Systems

  2. Advanced Nurse Communication Systems

  3. Middleware Interfacing Nurse Call Systems

    1. Middleware Interfacing to Revolutionize Patient-To-Nurse Communication

  • Nurse Call Systems Market By End-Users:

  1. Hospitals and Clinics

    1. Regulatory Reforms to Facilitate Large-Scale Implementation of NCS across Hospitals and Clinics

  2. Senior Living Facilities

    1. Growing Aging Population Will Spur the Adoption of NCS In Senior Care Centers

  3. Assisted Living Facilities

  • Nurse Call Systems Market By Geography ( Covers 18+ Countries )

  • Nurse Call Systems Market Entropy

 

Companies Citied / Interviewed

  1. Siemens Ag

  2. Tektone Sound & Signal Mfg., Inc.

  3. Jeron Electronic System, Inc.

  4. Stanley Healthcare Solution

  5. GE Health Care Solution

  6. Cornell Communication Inc.

  7. Critical Alert Systems LLC

  8. Vigil Health Solutions Inc.

  9. West-Com Nurse Call Systems Inc.

  10. Schrack Seconet Ag

  11. Company 11

  12. Company 12

  13. Company 13

  14. Company 14

  15. Company 15+

 

Related Report:

 Medical Alert Systems Market

 https://industryarc.com/Report/98/medical-alert-devices-market.html

 Personal Emergency Response System Market

 https://industryarc.com/Report/1316/Personal-Emergency-Response-Systems-market

 

 

What can you expect from the report?

The Nurse Call Systems Market Report is Prepared with the Main Agenda to Cover the following 20 points:

  1. Market Size by Product Categories

  2. Market trends

  3. Manufacturer Landscape

  4. Distributor Landscape

  5. Pricing Analysis

  6. Top 10 End user Analysis

  7. Product Benchmarking

  8. Product Developments

  9. Mergers & Acquisition Analysis

  10. Patent Analysis

  11. Demand Analysis ( By Revenue & Volume )

  12. Country level Analysis (10+)

  13. Competitor Analysis

  14. Market Shares Analysis

  15. Value Chain Analysis

  16. Supply Chain Analysis

  17. Strategic Analysis

  18. Current & Future Market Landscape Analysis

  19. Opportunity Analysis

  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

 

Q. Does IndustryARC publish country, or application based reports in Nurse Call Systems Market?

Response: Yes, we do have separate reports and database as mentioned below:

  1. North America Market for Nurse Call Systems (2018-2023)

  2. Europe Market for Nurse Call Systems (2018-2023)

  3. Asia-Pacific Market for Nurse Call Systems (2018-2023)

  4. Hospitals and Clinics  Market for Nurse Call Systems (2018-2023)

  5. Households Market for Nurse Call Systems (2018-2023)

  6. Senior Living Facilities Market for Nurse Call Systems (2018-2023)

  7. Assisted Living Facilities Market for Nurse Call Systems (2018-2023)

 

Does IndustryARC provide customized reports and charge additionally for limited customization?

 

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

  1. Increase the level of data in application or end user industry.

  2. Increase the number of countries in geography or product chapter.

  3. Find out market shares for other smaller companies or companies which are of interest to you.

  4. Company profiles can be requested based on your interest.

  5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: [email protected]
Phone: 1-614-588-8538 (Ext: 101)
Address:Madhapur
City: Hyderabad
Country: India
Website: http://industryarc.com/



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