Nurse Call Systems Market Size, Share, Trend Forecast-2021

Posted by Rosy Wills on February 18th, 2019

According to research report "Nurse Call Systems Market is expected to reach USD 1.75 billion by 2021 from USD 1.12 billion in 2016, at a CAGR of 9.3%. Factors such as the growth in aging population and rising prevalence of chronic diseases, technological advancements and new product launches, increasing healthcare expenditure, and growth in the number of people covered under insurance are the key drivers for the growth of the nurse call systems market.

Market Dynamics

Drivers

• Aging population and rising prevalence of chronic diseases
• Increasing healthcare expenditure and insurance coverage
• Investments in healthcare
• Technological advancement and product development
• Easy data availability for key healthcare personnel and departments

Restraints

• High costs involved in the implementation of Nurse Call Systems
• Stringent regulatory environment

Opportunities

• Emerging Asian countries to offer growth opportunities
• Development of complete Nurse Call System solutions

Challenges

• Integration and interoperability of Nurse Call Systems
• Lack of trained healthcare IT professionals 

Asian region is projected to register the highest CAGR during the forecast period

On the basis of regions, the global nurse call systems market is segmented into North America, Europe, Asia, and RoW. Asia is expected to account for the highest CAGR during the forecast period. Growth in this regional segment is driven by the factors such as increasing diabetes prevalence and growing geriatric population.

The key players in the nurse call systems market include by Ascom Wireless Solutions (Switzerland), Hill-Rom Holdings, Inc. (U.S.), Tyco International PLC (U.S.), Honeywell International, Inc. (U.S.), and Rauland-Borg Corporation (U.S.).