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Nurse Call System Market Scope
Market Research Future (MRFR) studied the global nurse call system market 2021 in the review tenure till 2023. As per MRFR analysis, the market of nurse call systems is expected to expand at 9.5 ?GR over the forecast tenure (from 2018 to 2023). By 2023, the global nurse call system market is expected to generate decent revenue.
Market Drivers and Restraints
The rising installation of nurse call systems in medical facilities that are used to alert nurses in case of emergency situations or to call for patients' needs is expected to favor the market rise in the near future. The increasing adoption of these systems to track a patient particularly, especially one in old age centers or assisted living, to give a signal if any situation arises that requires ambulatory services can favor the market upsurge in the near future. Several other factors, such as; the rise of geriatric population and the mounting complexity of hospital operations can drive the nurse call system market to grow. In addition, the introduction of new and favorable healthcare investments by governments and the increase in demand for modern technologies can boost the rise of the market. On the contrary, issues with government stringency in regulation and high installation cost can hamper the market rise in the review period.
Market Segmentation of Nurse Call System Market
The segment study of the global nurse call system market is based on applications, type, technology, and end-users.
The type-based segments of the global market of nurse call systems are nurse call integrated communication systems, nurse call buttons, nurse call intercoms, and nurse call mobile systems among others.
The technology-based segments of the nurse call system market are wireless systems and wired systems.
The application-based segments of the nurse call system market are workflow management, medical emergency, and alarms among others.
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The end-users-based segments of the nurse call system market are assisted living centers, hospitals & nursing homes, and ambulatory care centers among others. The segment of Hospitals and nursing homes is expected to secure the largest share of the global market share in the years to come. The increase in the number of private and public hospitals can also benefit the market growth in the years to come. The growing number of establishments of assisted living centers is anticipated to add to market growth in the near future. The surge in geriatric population and increase in assisted living centers are expected to favor the segment upsurge.
Regional Assessment of Nurse Call System Market
The Americas is likely to retain its dominance in the global market of nurse call systems. The early adoption of new technologies, such as nurse call systems, by healthcare institutions and owing to rapid expansion of the geriatric population base. As stated by the report published by the Population Reference Bureau, around 15% of the America population, the number of people above the age of 65 years is high. In addition, a surge in funding for effective healthcare infrastructure by governments in these regions can contribute to market rise in the near future.
In the Europe region, the nurse call system market is expected to garner the second-largest share of the worldwide market. The presence of a well-developed and latest technology driven healthcare industry can prompt the market growth in EU. In addition, the increase in the patient population is expected to benefit the nurse call system market in the EU.
In Asia Pacific, the market of nurse call systems is anticipated to thrive in the given study tenure owin to the gradual rise in healthcare facilities across developing economies for the ageing group of people. As per the report, the market of nurse call systems is expected to generate decent high revenue for the market.
The market of nurse call systems in the region of the Middle East and Africa can exhibit lowest market share and the region is observed to witness lack of development in the healthcare industry.
Nurse Call System Market Key Players
Jeron Electronic Systems Inc., Austco Communication Systems Pty Ltd., Vigil Health Solutions Inc., Honeywell International Inc., BEC Integrated Solutions, LLC and Systems Technologies, Hill-Rom Services Inc., Ascom, CSINC, AMETEK, Inc., Johnson Controls., STANLEY Healthcare, Azure Healthcare, West-Com Nurse Call System, Inc, and Cornell Communications are some key players in the worldwide nurse call system market that are listed by MRFR.
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