The Nurse Call Systems Market is estimated to hit .026 billion by 2023
Posted by Lohitha on August 13th, 2019
According to the new market research report by IndustryARC titled “Nurse Call Systems (NCS) Market: By Type (Traditional NCS, Advanced NCS, Middleware Interfaced NCS); By End Users (Hospitals & Clinics, Senior Living Facilities and Assisted Living Facilities); By Geography – Forecast (2018-2023)”, the market is set to register healthy growth due to the presence of large number of hospitals, and by improving technological advancements.
View Full Table Of Contents Of Nurse Call Systems (NCS) Market:
North America continues to lead the market share during 2018-2023.
North America is dominating the Nurse Call Systems Market, with a share of .353 billion in 2017 at a CAGR of 5.80%, and is projected to reach .105 billion by 2023. The presence of large number of hospitals and healthcare facilities is the biggest driving factor for traditional nurse call systems market in this region. According to the WHO, 30.85% of the globally registered hospitals are in the Americas. Moreover, the rapidly aging population in the U.S., Canada and Mexico will drive the need for efficient emergency medical alarms in hospitals and assisted living facilities.
Selected / Sample Analysis done in the full Report:
The quality of nurse call systems manufactured depends on both the components used and the technologies adopted. There is very less scope for innovation in traditional nurse call systems. However, the newer systems are integrated with other healthcare devices and use latest technologies. Once the design, product features, specifications and patent filing are finished, either through its own R&D activities or licensing agreements with research institutes or universities, the company starts the manufacturing process.
Excerpts on Market Growth Factors Mentioned in the Full Report:
Availability of reimbursements from private and government health insurers is the major factor driving large scale adoption of NCS devices.
Key Players of the Nurse Call Systems Market:
The nurse call systems market was dominated by Hill-Rom Holdings Inc., Tyco SimplexGrinnell LP, Ascom Holding AG, Honeywell International, Inc., and Rauland-Borg Corporation. Tyco SimplexGrinnell and Hill-Rom Holdings are the two companies that hold the largest share in the global NCS market, in terms of revenue. These companies have also invested significant amount of R&D for expanding and improving their product portfolio. Hill-Rom invested around 4% of its total revenue on development of innovative products, integrated nurse call system technology in particular.
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Mr. Venkateshwar Reddy
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About the AuthorLohitha
Joined: August 6th, 2019
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