Nurse Call Systems Market to Post 9.3% CAGR between 2016 and 2021, Projects MarketsandMarkets in New Report Recently Added at MarketPublishers.com
11 Oct 2016 • by Natalie Aster
LONDON – At present, the value of the worldwide nurse call systems market is estimated at around USD 1.12 billion. It is predicted to see further growth in the years to come at a 9.3% CAGR, and by 2021 will likely reach USD 1.75 billion. Major market growth drivers include expanding prevalence of chronic diseases, rapidly aging population, new product launches, rising healthcare expenditures, technological advancements, amid others.
North America is the top regional market for nurse call systems, accounting for the biggest share of the overall market. It is followed by Europe and Asia. Continued growth in the North American nurse call systems market is spurred by rising number of elderly people and increasing incidence of chronic diseases in the region.
The leading players in the world nurse call systems market include Hill-Rom Holdings, Ascom Holding AG, Tyco International PLC, Rauland-Borg Corporation and Honeywell International.
The integrated communication systems sector (on the basis of instruments) is anticipated to register the highest CAGR between 2016 and 2021, propelled by new product launches and growing number of hospitals integrated with this type of nurse call systems. The wired systems sector (on the basis of technologies) holds the largest share of the market, but the wireless systems sector is expected to see the highest CAGR (9.9%) through 2021.
New topical report “Nurse Call Systems Market by Instrument, Technology, Application, End User - Global Forecast to 2021” elaborated by MarketsandMarkets contains a detailed nurse call systems market analysis, offers reliable updated statistics and touches upon the key issues and buzz topics. It includes a granular overview of the main geographical markets, provides detailed markets segmentation analysis on the basis of technologies, instruments, end-use areas and applications. Data on top market trends, key growth drivers and limiters, emerging challenges and opportunities are given in the report. The research study covers the competitive landscape and gives profiles of top players, including details on their strategies, product portfolios and recent developments. Moreover, future forecasts through 2021 are available.
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