Nurse Call System Market to Reach $13.2 Billion by 2020

Nurse Call System Market Revenue to Surpass $13.2 Billion by 2020, Fuelled By Technological Advancements

Browse Market 72 Data Tables, 24 Figures spread through 147 Pages and in-depth TOC on 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) – Forecast 2015 – 2020

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

According to a recent study from IndustryARC, 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 a telecommunication system to transfer communication between patient and a nurse in given healthcare facility. The nurse call systems is a sub-segment of the healthcare monitoring devices market to serve the patients in times of emergency, providing timely help and assistance to the suffering individuals by alerting the doctors or nursing staff. Based on devices, the global NCS market is classified into traditional NCS, advanced NCS and middleware interfaced NCS devices.

It caters to Three Main Classes of End Users, Namely –

• Clinics and Hospitals
• Senior Living Facilities
• Assisted Living Facilities

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Improving infrastructure and favorable healthcare reforms coupled with government healthcare reimbursement policies will drive the demand for nurse call systems in the years to come. The growing demand for home healthcare devices in the recent years, primarily driven by aging population and rising healthcare costs worldwide will propel the usage of nurse call systems across the globe as they promise safety and medical security while being cost-effective and easily available. The ongoing research and development activities will translate into making even more effective and economically viable nurse call systems in the future, contributing to the market growth. However, increasing rate of false alarms and lack of proper infrastructure and skilled resources in many developing countries are some of the major challenges that are being faced by the market as of now.

The traditional nurse call systems occupy a dominant share accounting for 49% of the global nurse call systems market in 2014. However, the need for wireless communication coupled with the advent of newer technologies and availability of innovative NCS at reasonable prices will move the market towards the advanced and middleware interfacing nurse call systems. Hospitals and clinics are the major end users of NCS market, occupying 53% of the global market in 2014 as they are the largest end users in the healthcare industry. The rapidly growing aging population worldwide and the increasing chronic diseases will be the biggest contributing factors for growth of the nurse call systems market on a global level.

North America is the largest geographic segment in the global nurse call systems market, sharing more than 40% of the market and is followed by Europe. The flourishing healthcare sector in North America has encouraged the installation and successful usage of these systems across various hospitals across the U.S. APAC constitutes of 15% of the NCS market in 2014 but is projected to grow rapidly with 12.2% CAGR over the forecast period with the growth in technological advancements, medical tourism and increased governmental spending in order to improve healthcare infrastructure in countries such as China and India.

Key Players of Nurse Call Systems Market jointly held 41% share in in terms of revenue in 2014

• Hill-Rom Holdings Inc.
• Tyco SimplexGrinnell LP
• Ascom Holding AG
• Honeywell International, Inc., and
• Rauland-Borg Corporation.

New NCS product launches and collaborations or partnerships have played an 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. The key players are further expanding their product portfolio to include newer technologies such as wireless NCS, and advanced integrated NCS devices.

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“Nurse Call Systems Market, By Geography, 2014 (%)”

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