Nurse Call Systems Market worth $13.2 billion by 2020 | MarketIntelReports
The Global Nurse Call Systems Market was valued close to $9 billion in 2014 and is estimated to grow at a CAGR of 6.6% over the forecast period to generate $13.2 billion through 2020.
Nurse call system (NCS) is an emergency response system used in hospitals and other healthcare facilities by patients to alert nursing staff in the event of an emergency. A basic nurse call button is equipped with a panic alarm button which when pressed alerts the nursing staff or a specific nurse regarding the emergency through a central nurse call station. The alarm can be an audio or visual reminder such as a flashing LED screen or buzzer system or a more integrated and advanced alert reminder through radio pagers, mobile phones or tablets. Such systems allow nursing staff to attend to the emergencies on a priority basis, preventing fatalities and reducing readmissions into the facility. Growing demand for emergency communication devices will lead to development of more innovative healthcare communication devices. Furthermore, the advancements in technologies will allow the entry of affordable and efficient emergency care devices in the market in the coming years.
Browse 147 Pages Nurse Call Systems (NCS) Market Analysis: By Type (Traditional NCS, Advanced NCS, Middleware Interfaced NCS), By End Users (Hospitals & Clinics, Senior Living Facilities and Assisted Living Facilities) – With Forecast (2015-2020) Research Report @ http://www.marketintelreports.com/report/hcr0020/nurse-call-systems-ncs-market-analysis-by-type-traditional-ncs-advanced-ncs-middleware-interfaced-ncs-by-end-users-hospitals–clinics-senior-living-facilities-and-assisted-living-facilities–with-forecast-20152020
A Nurse Call Button is a button found around a hospital bed that allows patients to alert a nurse or other health care staff member during emergencies.
Records and Estimations:
In 2013, the Traditional Nurse Call Systems contributed the majority share of 49% of the global nurse call systems market, followed by advanced nurse communication systems and middleware interfacing systems. However, the middleware interfacing systems are poised to grow with the highest CAGR of 9.59% over the forecast period which will be driven by the technological advancements and availability of NCS at reasonable prices.
The contribution of hospitals to the global nurse call systems market was $4.72 billion in 2014 and is estimated to grow at a CAGR of 6.35%. The assisted living facilities are projected to grow with the highest growth rate of 7.04% to generate revenue of $1.83 billion by 2020.
Propellers of this market:
- The growing usage of technology in healthcare to create a cheaper and more accurate healthcare system is the key driving cause.
- Aging population and rising healthcare costs worldwide
- The improving awareness among people regarding the importance of health.
- Increasing long term healthcare facility, and
- Promising and delivering security to the patients.
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Segmentation of the NCS market:
By Equipment Type
- Traditional Nurse Call Systems
- Advanced Nurse Communication Systems
- Middleware Interfacing Nurse Call Systems.
By Communication Technology
- Wired Communication Equipment
- Wireless Communication Equipment.
- OPD Clinics
- Assisted Living Centers
- Ambulatory Services.
- North America
- Asia Pacific
- Rest of the World (RoW)
Growing demand for Home Healthcare Devices Market is mainly driven by aging population and rising healthcare costs worldwide. This will spur the usage of Nurse Call Systems across the globe as they promise safety and medical security while being affordable and easily accessible. The global NCS market is experiencing a change in its traditional structure as technologies are evolving constantly and healthcare facilities are adapting to these changing times. Technological advancements will facilitate the availability and implementation of cost-effective technologies across the wide range of healthcare facilities.
The key players of nurse call systems market:
- Hill-Rom Holdings Inc.,
- Tyco SimplexGrinnell LP
- Ascom Holding AG
- Honeywell International, Inc.,
- Rauland-Borg Corporation
These companies held 41% share in in terms of revenue in 2014. New NCS product launches and collaborations or partnerships have played a significant role in the growth of these key companies, over the past few years. Emergence of new start-up companies that are developing NCS making use of the technological advancements are likely to lead to the development of innovative nurse call systems products and solutions at affordable prices.
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