A new Transparency Market Research report states that the global nurse call systems market stood at US$0.6 bn in 2013 and is anticipated to reach US$1.6 bn by 2020. It is expected to expand at a CAGR of 13.90% from 2014 to 2020. The title of the report is “Nurse Call Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”
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Need to Modernize Healthcare Services Heightens Demand for Nurse Call Systems, reports TMR
1. Need to Modernize Healthcare Services Heightens
Demand for Nurse Call Systems, reports TMR
The top five vendors in the global nurse call systems market collectively held 44% of the market
in 2013. However, these vendors-Ascom Holding AG, Rauland-Borg Corporation, Tyco
SimplexGrinnell, Azure Healthcare Limited, and Hill-Rom Holdings Inc.-have to compete with
numerous small-sized players in a highly fragmented landscape. These are the findings of a
recent study published by Transparency Market Research (TMR).
“Acquisitions and takeovers have been the key growth model for companies in the nurse call
systems market,” says the author of the study. A case in point would be Ascom Holding AG, the
company acquired Integrated Wireless Software Pty. Ltd. and Integrated Wireless Pty. Ltd. This
has allowed the company to penetrate into Asia Pacific and build a strong foothold in this region.
System integration to increase compatibility with various healthcare applications in a bid to offer
comprehensive workflow solutions is also what key players in this market are striving for. The
integration of nurse call solutions allows real-time monitoring of individual patient metrics. The
formation of national-level dealer networks in order to increase product reach and availability is
another strategy adopted by key players in the nurse call systems market.
Demand for High-quality Patient Care Necessitates Installation of Nurse Call Systems
“An increasing geriatric population across the world is a major factor driving the global nurse
call systems market,” says a TMR analyst. This is because this population is susceptible to
illnesses and may require hospitalization for dedicated care. The use of nurse call systems for the
geriatric population ensures that the patient can raise an alert at the nurse’s station to deliver
timely care. This, in turn, allows healthcare organizations to attain seamless communication and
streamline nursing activities.
The increasing budget allocation for healthcare of the elderly population is also significantly
contributing to the growth of this market. With an increase in the median age of the global
population, several countries are focused on providing improved healthcare. Factors such as
increasing dependency ratio and the retirement of baby boomers have necessitated the
availability of quality healthcare services for aged population.
The increasing need for effective and responsive healthcare communication is another significant
factor driving the global nurse call systems market. This is because nursing staff need to be
watchful and responsive to provide high quality of healthcare and to ensure patient safety.
2. “Government regulations in place for the manufacture and distribution of nurse call systems is
major impediment to the growth of this market”, says TMR analyst. As per the recent amends by
the International Medical Device Regulators Forum (IMDRF), nurse call systems would be
included in the category of medical devices. This necessitates nurse call systems to be clinically
audited, regulated, and certified.
The IMDRF amend also requires that the software within medical devices need to satisfy
medical grade ISO 9000 quality control specifications.
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Hospitals Represent Largest End-use Segment
The global nurse call systems market is expected to be worth US$1.57 bn by 2020. Nurse call
integrated communication systems is the leading segment of the market on the basis of
equipment type; the segment held almost 75% of the overall market in 2013. Nurse call mobile
systems equipment type is expected to display significant demand in the foreseeable years. Wired
nurse call communication equipment is the largest segment of the market on the basis of
communication technology. Hospitals is the largest end-use segment of the nurse call systems
market.
The information presented in this review is based on a Transparency Market Research report,
titled “Nurse Call Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020.”
The global nurse call systems market has been segmented as below:
Global Nurse Call Systems Market, by Equipment Type
• Nurse Call Buttons
• Nurse Call Intercoms
• Nurse Call Mobile Systems
• Nurse Call Integrated Communication Systems
Global Nurse Call Systems Market, by Communication Technology
• Wired Communication Equipment
• Wireless Communication Equipment
Global Nurse Call Systems Market, by End Users
• Hospitals
• OPD Clinics
3. • Assisted Living Centers
• Ambulatory Services
Global Nurse Call Systems Market, by Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
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