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Rise in Geriatric Population will Fuel Expansion of Global Nurse Call Systems Market at 13.90% CAGR

According to a recent market research report released by Transparency Market Research, the global nurse call systems market is estimated to expand at a CAGR of 13.9% during the period from 2014 to 2018. The report projects the global nurse call systems market to be worth US$1,579.50 mn by 2020. The overall market was valued at US$598.50 mn in 2014.
Published 28 October 2015

The report cites that the growing need for efficient and responsive healthcare communication is propelling the growth of the global nurse call systems market. Increase in geriatric population across the world, coupled with rise in budget allocation for healthcare of elderly population, is also expected to help the overall market grow during the report’s forecast horizon. However, the report states that various government regulations on manufacturing and distribution of nurse call systems will restrict the market growth to an extent. The global nurse call systems market has a huge opportunity to grow in the emerging economies with higher elderly population. Introduction of Internet of Things (IoT) in healthcare IT infrastructure will further open new growth avenues for the market in the coming years.

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On the basis of equipment type, the report segments the global nurse call systems market into nurse call intercoms, nurse call buttons, nurse call integrated communication systems, and nurse call mobile systems. In 2013, nurse call integrated communication systems occupied around 75% of the overall market, in terms of revenue. During the forecast horizon, the demand for nurse call mobile systems is expected to soar owing to the increased penetration of mobile systems and growing need for advanced mobility and flexibility.
According to the communication technology, the global nurse call systems market has been divided into wireless communication equipment and wired communication equipment. In 2013, wired nurse call communication equipment accounted for the largest share of the market.In terms of end users, the global nurse call systems market has been segmented into outpatient department clinics, ambulatory care services, assisted living centers, and hospitals. Hospitals accounted for around 74% of the overall market revenue generated in 2013. 

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The report studies the global nurse call systems market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. The nurse call systems market in North America emerged as the largest market in 2013 with 38% of the overall revenue generated in the global market. Europe was the second largest market for nurse call systems in the same year. However, during the forecast horizon, the report estimates Asia Pacific market for nurse call systems to expand at a CAGR of 17.6% and emerge as the fastest growing regional market. The rapid growth of the regional market can be attributed to the rapid expansion of medical and healthcare industry across countries such as China, India, Singapore, and Japan. 
The report profiles some of the key players in the global nurse call systems market such as Rauland-Borg Corp., Hill-Rom Holdings Inc., Ascom Holding AG, Azure Healthcare Ltd., Tyco SimplexGrinnell, TekTone Sound & Signal Mfg. Inc., Jeron Electronic Systems Inc., and Critical Alert Systems LLC.
The research study 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
    • Assisted Living Centers
    • Ambulatory Services
  • Global Nurse Call Systems Market, by Geography
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

About Us 
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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