Nurse Call Systems Market Estimated to Record Highest CAGR by 2025

Posted by Rohini Chaudhari on January 2nd, 2020

Due to the increasing demand for mobility in healthcare system vendors are focusing towards the launch of higher level of integrated nurse call systems, finds Transparency Market Research. Some of the prominent players operating in the global nurse call system market are Azure Healthcare Ltd., TekTone Sound & Signal Mfg., Inc., Hill-Rom Holdings, Inc., Ascom Holding AG, Rauland-Borg Corporation, Tyco SimplexGrinnell, STANLEY Healthcare and Vigil Health Solutions, Inc.

The competitive landscape of the nurse call systems market is highly fragmented with the presence of various small and mid-sized players in the market. A few of the industry players are ramping their investments to offer advanced equipment, in which patient data can be easily stored and retrieved.

This can be attributed by the fact that in February 2015, Rauland Borg Corporation, a leading market player launched a device called AllTouch responder, with electronic medical records system that can store patient’s data.

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According to a report by TMR, the nurse call systems market is anticipated to grow at an astonishing 10.9% CAGR from 2017 to 2025. Rising at this CAGR, the market is expected to touch a valuation of US,665.98 mn by the end of forecast period.

Geographically, North America dominated the nurse call system market in 2016. The same region is expected to lead the global market in forecast period as well. This is mainly because of the presence of the well-established healthcare system and the high adoption of digital healthcare in the region, such as Medicare. Based on communication technology, the wireless nurse call systems segment is gaining popularity owing to the ease and comfort in operating. Due to this, the segment is expected to have a largest market share in the forecast period because of the rising awareness regarding wireless nurse call systems.

Increasing Investment in Healthcare Industry to augment growth 

The nurse call system market is expected to witness a substantial growth in the coming years. This is mainly because of the factors such as increasing need for digital healthcare, a rise in the number of hospitals adopting nurse call system, growing investments from the public and private sectors in digital healthcare systems, and technological advancement in nurse call systems.

Nurse call system are set of devices used in the health care industry which help patients call hospital staff at the time of emergency. This helping hospital units to offer better services to patients.