The Global Nurse Call Systems Market- Market Share and Forecast 2017-2027 - PDF document

Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 The Global Nurse Call Systems Market - Market Share and Forecast 2017 - 2027 S ummary Global Nurse Call Systems Market - By Type (Button, Integrated Communication System, Intercom, Mobile S ystem); By Technology (Wired, Wireless); By Application (Alarm & Communication, Workflow Optimization, Fall detector, wanderer control); By End User (hospitals, Long term care facilities, clinics); By Region (North America, Europe, the Asia - Pacific, the Mi ddle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017 - 2027 A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the global nurse call systems market was worth USD 1,676.1 million in 2020 and is further projected to reach USD 3,045.6 million by 2027, at a CAGR of 8.5% during the forecast period (2021 - 2027). The rising work pressure for nurses and the decreasing patient - to - nurse ratio has been a driving factor in the increasing demand for nurse call systems in the healthcare domain, Additionally, the increasing adoption of digital healthcare and the rising demand for pat ient safety and care is expected to accelerate market growth . Promptness in responding to patients' needs has become critical in the healthcare industry. Nurse call systems play a crucial role in facilitating effective communication in healthcare facilitie s. Such systems enable streamlined, customized communication between patients, clinicians, and caregivers, which increases patient satisfaction and improves the quality of care system View report Press release Sample report Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 The Global Nurse Call Systems Market - Market Share and Forecast 2017 - 2027 The global nurse call systems market was worth USD 1,676.1 million in 2020 and is further projected to reach USD 3,045.6 million by 2027, at a CAGR of 8.5% during the forecast period (2021 - 2027). One of the many factors driving this market's growth is the growing trend of in - home healthcare. Furthermore, the market for nurse call systems is likely to be driven by the need for integrated and div erse platforms with a preference for mobility equipment. Global Nurse Call Systems Market Overview: Nurse call systems empower patients to conveniently call or notify their nurse or attendant, thus, enabling healthcare professionals to offer outstanding ca re to their patients. These sophisticated and technologically advanced systems are meticulously tailored to meet the varied needs of patients and caregivers. As a result, nurse call systems allow nursing staff to respond to patients' needs more quickly and efficiently, leading to higher patient satisfaction. As a result, the demand for nurse call systems is growing across the globe by leaps and bounds. G rowth Drivers Rise of Home Healthcare System With the increase in home healthcare and nursing home facil ities, manufacturers are emphasizing the need for improved patient response time as well as the elimination of nurse fatigue, as promptness in response is a major requirement in in - patient care. The specially designed software monitors caregiver response t ime and responds to emergency calls from patients who are unable to move, thereby improving patient care. With an increase in the number of geriatric patients, home healthcare is becoming the preferred treatment option, and thus the demand for nurse call systems has increased at the household level as well. Furthermore, there is a growing trend among the elderly for in - home care treatment and recovery, which is positively driving the growth of the nurse call systems market. Technological advancements The continuous modification and up - gradation of technology is a major driver of the nurse call systems market. The major players are constantly improving their products in order to improve patient compliance. Advanced technologies such as internet - protocol - based systems and wireless nurse call devices have significantly reduced the margin of error during patient care, increasing consumer trust and propelling the market growth. Some nurse call systems also include a wanderer control system and out - of - bed ind ications, allowing nurses to reliably monitor patients. Similarly, nurse call pendants, such as the Tek - CARE, are equipped with a passive infrared (PIR) motion detector, which allows staff to keep an eye on Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 patients more efficiently. As a result, the deman d for these systems has increased, particularly in psychiatric care hospitals and nursing homes. Restraints High costs involved in the implementation The effectiveness of nurse call systems heavily relies on the hardware, software, and training levels o f the staff involved in a healthcare facility. As a result, end - users have to invest heavily in these areas to ensure the effective implementation and use of nurse call systems. Because of the high implementation costs, only major hospital chains can affor d to invest in them. This is especially true in developing countries where the cost of basic healthcare is already very high. As a result, they cannot afford to invest in nurse call systems when they lack funds for other basic healthcare equipment. This is the primary factor impeding the market growth. Impact of COVID - 19 The onset of this pandemic has caused significant disruption in healthcare systems around the world. As a result, temporary hospitals are being established to deal with an increasing diseas e incidence and the influx of patients. Such makeshift hospitals lack the basic infrastructure required for nurses and patients to communicate. As a result, there has been an increase in the demand for remote care. Thus, the rising influx of COVID - 19 has r esulted in the expansion of healthcare infrastructure and a demand for better communication systems, including nurse call systems. Consequently, this market segment is expected to undergo significant growth during the pandemic. Global Nurse Call Systems Ma rket: By Type Based on type, nurse call systems are segmented into the button - based system , integrated communication system , mobile system , intercom system . Nurse call integrated systems have been dominating the market owing to growing technological advanc ements, increasing user/patient satisfaction, and the need to improve the efficiency of nurses in various places such as long - term health facilities, nursing homes, clinics, and at - home healthcare facilities. What’s more, even the government of different c ountries are assisting in the funding of hospitals to incorporate such systems. For example, Kiwanis Care Centre in Canada received USD 750 thousand from the British Columbia government to upgrade its previous nurse call equipment, thereby resulting in gro wing demand from nurses for specialized equipment with specific options to handle patient requests and deal with emergencies which may lead to an increase in demand for nurse call equipment. Global Nurse Call Systems Market: By Technology Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 Based on technolo gy, the global nurse call systems market is segmented into wired communication systems, and wireless communication systems. The wired communication equipment segment has dominated the market due to its consistent security and the fact that its efficiency i s not disrupted by a poor network connection. Wireless technology, on the other hand, is the fastest - growing segment due to its higher and more sophisticated level of integration, lower cost of implementation in comparison to wired systems, and improved pa tient mobility. Because mobility is critical for geriatric patients and patients in need of assistance, wireless call buttons and pendants are extremely useful. Global Nurse Call Systems Market: By Application Based on application, nurse call systems are s egmented into Alarms & Communication, Wanderer Control, Workflow Optimization, and Fall Detection & Prevention. Nurse call systems are critical because they not only ensure patient safety but also protect their privacy. The wanderer control system has the highest market share in this category due to an increase in funding to adopt the most effective protection model to protect the patient's privacy, This market is also expected to expand as the number of psychiatric treatment hospitals increases, necessitat ing constant monitoring of patient movement. Global Nurse Call Systems Market: By End - User Based on end - user, the market is segmented into Hospitals and Long - Term Facilities. Hospitals held the largest share in 2020 because of the increasing number of pati ent inflow, installation of more sophisticated nurse call systems and an increasing number of emergency cases. However, due to the increased number of senior care facilities, Long - Term Facilities are the fastest - growing segment. Global Nurse Call Systems M arket: Regional Insights Based on region, the global Nurse Call Systems market is grouped into North America, Europe, Asia - Pacific, Latin America and Middle East & Africa. North America has the highest market share owing to regulatory reforms, funds raised to upgrade hospitals, reforms in insurance coverage, and technologically powered nurse call systems. Moreover, the US healthcare system is facing a severe lack of nursing staff. It has been estimated that approximately 55% of all nurses employed will reti re by 2020; therefore, hospitals are increasing their funding for improved nurse training and enhanced nurse call equipment to address this issue. However, Asia - Pacific is the fastest - growing region in this category, and it is expected to rise even more si gnificantly in the coming years due to an increase in geriatric patients and increased patient inflow in outpatient clinics. C ompetitive Landscape Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 The rapidly growing demand for nurse call systems all around the globe has brought about huge competition in this sphere. This is a consolidated market with numerous suppliers constantly competing with one another by making rapid technological advances to meet the clients’ needs and make handling easier. Some of the major players operating in the market are Alph a Communications , Rauland - Borg Corporation,Hill - Rom Holdings, Inc., Ascom Inc. ,Johnson Controls International, Seimens ,Ackermann by Honeywell ,Jeron Electronic Systems, Inc., Azure Healthcare Limited, Schrack Seconet AG ,Intercall Systems, Inc., TekTone Sound & Signal Mfg., Inc.,Cornell Communications ,STANLEY Healthcare ,Courtney Throne ,Tunstall Group, West - Com Nurse Call Systems, Inc ,Critical Alert , IgeaCare Solutions Inc., BEC Integrated Solutions, LLC, CSINC Systems Technologies, and Siddhant Medi cal Engineering. Recent Developments · In December 2019, Tunstall Group (U.K.) launched a nurse call system in U.K. called Tunstall Carecom -- an integrated wireless and digital system that moves beyond conventional, fixed call - points to a wireless system . · In October 2020, Stryker, one of the preeminent medical technology firms, introduced ProCuity, the industry's very first and only fully wireless hospital bed that can be connected to any nurse call system at any acuity stage. Scope of report Attribute De tails Years Considered Historical Data – 2017 - 2020 Base Year - 2020 Forecast 2021 - 2027 Facts Covered Revenue in USD Million Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Mexico, Brazil, Japan, South Korea, China, India, Australia. UAE, South Africa, Saudi Arabia Product/Service Segmentation By Type, By Technology, By Application, By End - User, By Region Key Players Alpha Communications (U.S.), Rauland - Borg Corporation (U.S.),Hill - Rom Holdings, Inc. (U.S.), Ascom (Switzerland),Johnson Controls International (Ireland), Seimens AG (Germany),Ackermann by Honeywell Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 (Germany),Jeron Electronic Systems, Inc. (US), Azure Heal thcare Limited (Australia), Schrack Seconet AG (Austria),Intercall Systems, Inc. (US),TekTone Sound & Signal Mfg., Inc. (US),Cornell Communications (US) ,STANLEY Healthcare (US) ,Courtney Throne (UK) ,Tunstall Group (UK), West - Com Nurse Call Systems, Inc. (US) ,Critical Alert (US) ,IgeaCare Solutions Inc. (US),BEC INTEGRATED SOLUTIONS,LLC (US), CSINC (India),Systems Technologies (US),Siddhant Medical Engineering (India) By Type · Button - Based System · Integrated communication System · Mobile System · Intercom System By Technology · Wired Communication · Wireless Communication By Application · Alarms & Communication · Wanderer control · Workflow Optimization · Fall detection & Prevention By End user · Hospitals · Long - Term Facilities By Region Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 · North America ¨ U.S. ¨ Canada · Europe ¨ Germany ¨ U.K. ¨ France ¨ Italy ¨ Spain ¨ Rest of Europe · Asia - Pacific ¨ China ¨ Japan ¨ India ¨ South Korea ¨ Australia ¨ Rest of Asia Pacific · Latin - America ¨ Mexico ¨ Brazil ¨ Rest of Latin America · Middle East & Africa ¨ Saudi Arabia ¨ U.A.E ¨ South Africa ¨ Rest of MEA Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027 A b out us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us at info@blueweaveconsulting.com Global Nurse Call Systems Market accelerating at an astounding rate — Projected to Reach worth USD 3.045.6 Million by 2027