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Nurse Call System Market To Expand At A CAGR Of 11.4% & Will Hit $2.9 Billion By 2027 | Grand View Research, Inc.

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Nurse Call System Market To Expand At A CAGR Of 11.4% & Will Hit $2.9 Billion By 2027 | Grand View Research, Inc.

January 08
23:25 2021
Nurse Call System Market To Expand At A CAGR Of 11.4% & Will Hit $2.9 Billion By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to the recent report published by Grand View Research, Inc., increasing healthcare costs aligned with rising demands for better healthcare services and growing adoption of digital healthcare are some of the prominent factors boosting the market growth rate.

The global nurse call systems market size is expected to reach USD 2.9 billion by 2027, expanding at a CAGR of 11.4%. Rising technological advancements and scientific interventions to enhance the efficiency of medical professionals along with increasing R&D from major market players to raise the number of innovative products is likely to push ahead market expansion. Also, the growing usage of digital healthcare is expected to keep the market growth rate ticking.

With the increasing life expectancy and changing healthcare requirements, the burden on national insurance bodies has increased. Owing to this factor, Medicare penalizes healthcare facilities with hospital readmissions within 30 days. The government is providing funds for research, which can help caregivers to streamline the entire process with the aid of technology. For instance, in April 2015, the American Association of Critical-Care Nurses (AACN) granted USD 160,000 for appropriate and effective use of technology.

COVID-19 has had a major impact on the lives of people around the world and with rising infections all around, a major boost was provided to the usage of technology in the healthcare sector. It has led to an increase in investments in healthcare technology, thereby promoting the advent of innovative nurse call systems in the market. Also, several market players were appreciated for their innovations. For instance, Tunstall Healthcare has won the ‘Leading Innovators in Assisted Living Technology 2020’ award at the Healthcare & Pharmaceutical Awards 2020, and the ‘Best Non-Clinical Equipment, Product or Service Supplier’ for its nurse call system, Tunstall Carecom, in the Care Home Awards 2020.

U.S. nurse call system market size, by technology, 2016 - 2027 (USD Million)

Nurse Call System Market Report Highlights

  1. The wired communication equipment segment dominated the market in 2019 due to ongoing advancements in technology and healthcare facilities. The rapid growth of wireless communication nurse call systems can be attributed to factors such as low cost of installation, easy integration with other devices, and ease of mobility. In January 2019, the Hill Rom launched its LINQ mobile application for improvement in communication between the patient and caregiver formerly in U.S. and Canada with further expansion to Europe

  2. In the type segment, nurse call integrated communication systems held the largest share of the nurse call system market in 2019, owing to the advancement in a communication system, availability of data to be used by healthcare personnel, and rising demand for improved quality of care

  3. Wanderer control dominated the application segment of the market in 2019 owing to ease of communication, growing demand for digital technology, and the rising prevalence of the aging population adopting nurse call systems

  4. Hospitals have a major share of the end-user segment of the market in 2019, owing to the patient flow and the increasing chronic and emergency case-patients. Hospitals are revamping their older nurse call systems and funding infrastructure supporting system integration. Moreover, researchers are filing patents for technologies that offer uninterrupted communication

  5. North America was the largest regional market in 2019 owing to the establishment of separate certification and coding systems and the presence of key market players in the region. In October 2018, Tunstall Healthcare acquired Kanayo Software Inc., and EWII Telecare to expand its Connected Health solutions. The acquisition provided Tunstall with expertise in Software and App products in health and social care

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Nurse Call System Market Segmentation

Grand View Research has segmented the global nurse call system market on the basis of technology, type, application, end use, and region:

Nurse Call System Technology Outlook (Revenue, USD Million, 2016 – 2027)

  • Wired Communication Equipment

  • Wireless Communication Equipment

Nurse Call System Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Nurse Call Integrated Communication Systems

  • Nurse Call Buttons

  • Nurse Call Mobile Systems

  • Nurse Call Intercoms

Nurse Call System Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Alarms & Communications

  • Workflow Optimization

  • Wanderer Control

  • Fall Detection & Prevention

Nurse Call System End-use Outlook (Revenue, USD Million, 2016 – 2027)

  • Hospitals

  • ASCs/Clinics

  • Long Term Care Facilities

Nurse Call System Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • United Arab Emirates (UAE)

    • Saudi Arabia

List of Key Players of Nurse Call Systems Market

  • Tyco SimplexGrinnell
  • Hill-Rom Holding, Inc.
  • Rauland-Borg Corporation
  • Honeywell International, Inc.
  • Ascom Holding
  • TekTone Sound and Signal Mfg., Inc.
  • Azure Healthcare
  • Stanley Healthcare
  • Critical Alert Systems LLC
  • West-Com Nurse Call Systems, Inc.

Have Any Query? Ask Our Experts for More Details on Report: https://www.grandviewresearch.com/inquiry/13/ibb

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About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across a multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
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Website: https://www.grandviewresearch.com/industry-analysis/nurse-call-system-equipments-industry

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