Emerging Trends in Nurse Call Systems Market Revenue, Industry Growth
Posted by Ritika Tyagi on July 29th, 2019
The emerging economies such as India, China, and Brazil are expected to provide a wide range of opportunities for players in the market, which is driven by growing healthcare infrastructure, vast population pool, rising demand for quality care, and the increasing healthcare spending.
The global nurse call systems market is projected to reach USD 2.5 billion by 2024 from USD 1.6 billion in 2019, at a CAGR of 9.2% from 2019 to 2024.
+ Ease of Communication and Diverse Applications of Nurse Call Systems
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The alarms & communications segment dominated this market in 2019. This segment is expected to have the highest growth as well. Factors attributing for their growth are increased patient safety, essential devices in a healthcare setting, ease of communication between patient and care giver, increased patient satisfaction and reducing risk in healthcare environment.
The hospitals & ambulatory surgery centers (ASCs) segment accounted for the largest market share as these systems are used in healthcare facilities to enhance patient satisfaction, improve quality of care, and increase the productivity of caregivers. Furthermore, these systems are used widely by hospitals and healthcare providers for ensuring streamlined communication between patients and clinicians and optimal patient safety, making them the largest segment.
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“Asia Pacific to grow at the highest rate during the forecast period (2019–2024)”
The nurse call system market in Asia Pacific is expected to grow at a high pace in the coming years. The factors attributing for the high growth of the Asia Pacific region are increasing government initiatives for healthcare digitalization, rising geriatric population, a growing number of assisted living centers/long-term facilities, rise in healthcare expenditure, expansion of the healthcare infrastructure, and developing medical tourism. However, the North American and European markets will account for a large share due to mature economies and the presence of major players in the region.
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About the AuthorRitika Tyagi
Joined: June 12th, 2019
Articles Posted: 670
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