[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Global Nurse Calling Systems Market Trends and Drivers, Restraints, and Opportunities 2017-2023

November 2017 | 62 pages | ID: GF1242D2E9CEN
IHR Insights

US$ 2,750.00

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Global Nurse Call Systems Market: Drivers, Opportunities, Trends, and Forecasts: 2017–2023

Overview: The healthcare IT industry is more complex and has wide range of products and services offered that have strong support in healthcare facilities. The advances in technology and effective integration of IT in healthcare information systems has become of the major development today. Most of the developed countries has sophisticated healthcare infrastructure that adapt advanced technological devices and implement them for providing best healthcare service for public. In developing nations, the healthcare facilities are expected to grow steadily as government is focusing in developing healthcare infrastructure and offering basic level of healthcare facilities in rural and urban areas, while in cities there is availability of advanced healthcare systems.

Nurse calling systems have created effective communication to every patient and has drawn attention of m any hospitals and other healthcare centers. This acts as an emergency alert system, which delivers right mode of communication by patients to seek help from nurse. These systems are designed to keep the relevance of quality and nursing in currents healthcare context that gives high priority to enable effective management nursing staff

The factors such as improve patient safety and eradicate medical errors, focus on better performance and cost reduction, presence of large pool of patients in emerging markets, and technological adavanmenet such as increase access control are allowing nurse call systems to offer a wide-ranging healthcare communication solution. For instance, Pulse RTLS by Azure Healthcare is the second evolution of Austco’s innovative Tacera Pulse software suite that has brought an significant clinical business intelligence solutions. It basically gives right message at right time (point A to point B) as alert system

The market is expected to witness a substantial growth due to the emergence of integrated and mobile nurse call systems that has eventually fueled the innovation of many nurse call systems. The markets in India, Brazil, and China are expected to grow at a rapid pace during the forecast period mainly due to the presence of patients affected with various chronic disorders.

Nurse call system continue to demonstrate substantial improvements in patient outcomes by delivering high-quality services. This factor provides huge potential for market growth in both developed and developing countries with a wide range of opportunities. Vendors are investing hugely in R&D activities in the development of new products to gain major market share globally.

Market Analysis: The “Global Nurse Call Systems Market” is estimated to witness a CAGR of 12.7% during the forecast period 2017–2023. The Nurse Call Systems market is analyzed based on three segments – product type, end-users, and regions.

Product Analysis: The “Global Nurse Call Systems Market” segments include Integrated nurse call systems, wireless nurse call systems, basic audio/visual nurse call systems, and intercoms nurse call systems. Integrated nurse call systems is dominating the market and has most innovative andamong the fastest growing products in the global nurse call systems market. This segment is expected to grow at CAGR 13.1% during the forecast period. The basic audio/visual nurse call systems is widely accepted in most of the developed countries and have strong hold of Tier II and Tier III hospitals gobally. Opportunities for growth in the emerging countries of LATAM and APAC remain vast. Increasing adoption of wireless nurse call systems in tier I or multispecialty hospitals, particularly in developed countries and the growing availability of nurse call systems contribute to the growth of the market.

Regional Analysis: The regions covered in the report are the North America, Europe, Asia Pacific (APAC), and ROW. The market is highly fragmented due to the presence of many vendors in the market. The innovation in development in medical devices especialy healthcare IT devices has introduced products in the market from both leading and new entrants in the market. The vendors are focusing on the expansion of new application to offer novel devices, which find use in hospitals, ASCs, Homecare, Assisted Living Centers, Meidcal offices and advanced diagnostics centers. Also, the key vendors focus on expanding their business by mergers & acquisition, through partnerships, and by attending conference & trade shows. North America is set to be the leading region for the nurse call systems market growth followed by Europe. There has been a significant increase in the number of individuals undergoing treatment for various chronic disorders in the US. As a result, the presence of sophisticated healthcare infrastructure adopts the advanced nurse call systems owing to high demand of nurse call systems in this region.

Europe accounted for the second largest market with advancement in healthcare facilities and chronic disorders being one of the rising burden for hospitalization of individuals. In 2015, the public spending on healthcare in Europe amounted to 18% of the overall government expenditure. In Middle East and Sub-Saharan Africa, the mortality rate due to stroke is expected to triple in the next few years and is expected to lead to increased hospitalization and permanent disabilities. Europe is considered one of the largest markets for advancement in technologies and is likely to have highest investment in IT integration to create smart deliverables. The government initiatives, standard healthcare infrastructure, increased focus on healthcare expenditure have made the UK, Germany, France, Italy, Spain, and France to offer quality health. Further, nursing homes and many other healthcare facilities are focused in improvising the communication by adopting nurse call systems. Further, the increased strategic alliances between local and regional companies will have strong impact on the demand and sales of nurse call systems.

The APAC neurosurgical devices market revenue is expected to reach $540.5 million by 2023, growing at a CAGR of 17.5% during the forecast period 2016–2023. The factors such as high prevalence of chronic diseases, presence of a large pool of patients, increase in disposable income, and rise in awareness about nurse call systems are owing to a substantial growth in various healthcare facilities in this region. APAC is witnessing a rapid growth in the healthcare industry. The emerging countries such as India and China are majorly focusing to improve their healthcare infrastructure and the governments have taken initiatives to develop the healthcare facilities in both urban and rural areas. The increased demand for better services among patients and the increased life expectancy in this region is expected to boost the IT investment in the region. Also, the increase in government spending in healthcare, infrastructure, research centers, and the establishment of manufacturing facilities by major vendors are influencing high growth in the market.

Key Players: Azure Healthcare Ltd., Ascom Holding AG, Cornell, Hill-Rom Holding, Inc, and other predominate & niche players.

Competitive Analysis: At present, the market is dominated by integrated nurse call systems having the maximum number of sales in the market. Vendors are focusing on investing a huge amount in R&D activities to develop new innovative products in the market with newer application to offer novel devices. Most of the vendors in the market are focused on expanding their business by mergers & acquisitions, through partnerships, and trade shows. Big players such as Azure Healthcare Ltd., Ascom Holding AG, Cornell, and Hill-Rom Holding, Inc. along with the collaboration with hospitals, ASCs, and other healthcare facilities is expected to increase the demand of nurse call systems in the market, which are expected to grow tremendously during the forecast period. Significant investments in R&D and increasing awareness about wireless/mobile nurse call systems in the market are expected to boost the market growth.

Benefits: The report provides complete details about the usage and adoption rate of nurse call systems in developed and developing regions. With that, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, government initiatives towards the nurse call systems adoption in the upcoming years along with the details of commercial nurse call systems available in the market. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.

Key Stakeholders:


1 INDUSTRY OUTLOOK

1.1 Industry Overview
1.2 Why nurse calling systems?
1.3 Industry Trends

2 REPORT OUTLINE

2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

3 MARKET SNAPSHOT

3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
3.4 Porter 5 (Five) Forces
3.5 Market Dynamics
  3.5.1 Drivers
    3.5.1.1 Improve patient safety and eradicate medical errors
    3.5.1.2 Focus on better performance and cost reduction
    3.5.1.3 Increasing geriatric population
    3.5.1.4 Rise in demand of assisted living
    3.5.1.1 Increase in healthcare spending
    3.5.1.1 Increase in the prevalence of chronic diseases
  3.5.2 Restraints
    3.5.2.1 High cost in installation and upgradation
    3.5.2.2 Delay in response time
    3.5.2.3 Intense competition among vendors
    3.5.2.4 Lack of skilled healthcare professionals
  3.5.3 Opportunities
    3.5.3.1 Technological Advancement
    3.5.3.2 Globalization of nurse calling systems
    3.5.3.3 Emergence of mobile integration for improved outcome
    3.5.3.4 Implication of Health and nursing policy
  3.5.4 DRO – Impact Analysis
  3.5.5 Key Stakeholders

4 PRODUCT TYPES: MARKET SIZE & ANALYSIS

4.1 Overview
4.2 Basic/visual nurse call systems
  4.2.1 Overview
4.3 Integrated nurse call systems
  4.3.1 Overview
4.4 Wireless nurse call systems
  4.4.1 Overview
4.5 Intercoms nurse call systems
  4.5.1 Overview

5 END-USER: MARKET SIZE AND ANALYSIS

5.1 Overview
5.2 Hospitals
5.3 Ambulatory Care
5.4 Homecare
5.5 Others

6 REGIONS: MARKET SIZE & ANALYSIS

6.1 Overview
6.2 North America
  6.2.1 Market Overview
6.3 Europe
  6.3.1 Market Overview
6.4 APAC
  6.4.1 Market Overview
6.5 Rest of the World
  6.5.1 Market Overview

7 COMPETITIVE LANDSCAPE

7.1 Competitor Comparison Analysis

8 VENDOR PROFILES

  8.1.1 Azure Healthcare Ltd.
    8.1.1.1 Overview
    8.1.1.2 Business focus
    8.1.1.3 SWOT analysis
    8.1.1.4 Business strategies
  8.1.2 Ascom Holding AG
    8.1.2.1 Overview
    8.1.2.2 Business focus
    8.1.2.3 SWOT analysis
    8.1.2.4 Business strategies
  8.1.3 Cornell Communication
    8.1.3.1 Overview
    8.1.3.2 Business focus
    8.1.3.3 SWOT analysis
    8.1.3.4 Business strategies
  8.1.4 Hill-Rom Holdings, Inc
    8.1.4.1 Overview
    8.1.4.2 Business unit
    8.1.4.3 Business focus
    8.1.4.4 SWOT analysis
    8.1.4.5 Business strategies
Annexure
O Acronyms

Tables
Table 1 GLOBAL NURSE CALL SYSTEM MARKET BY TYPES, 2016–2023 ($MILLION)
Table 2 GLOBAL NURSE CALL SYSTEMS MARKET BY END-USERS
Table 3 GLOBAL NURSE CALL SYSTEM MARKET REVENUE BY REGIONS FORECAST, 2016–2023 ($MILLION)
Table 4 DRO (NORTH AMERICA)
Table 5 DRO (EUROPE)
Table 6 DRO (APAC)
Table 7 DRO (REST OF THE WORLD)
Table 8 AZURE HEALTHCARE LTD.: PRODUCT OFFERINGS
Table 9 AZURE HEALTHCARE LTD.: RECENT DEVELOPMENTS
Table 10 ASCOM HOLDING AG: PRODUCT OFFERINGS
Table 11 ASCOM HOLDING AG: RECENT DEVELOPMENTS
Table 12 CORNELL COMMUNICATION: PRODUCT OFFERINGS
Table 13 HILL-ROM HOLDINGS, INC: PRODUCT OFFERINGS
Table 14 HILL-ROM HOLDINGS, INC: RECENT DEVELOPMENTS

?


Charts
Chart 1 REIMBURSEMENT SCENARIO
Chart 3 RESEARCH METHODOLOGY
Chart 4 GLOBAL HELATHCARE IT MARKET 2016-2023 ($BILLION)
Chart 5 GLOBAL NURSE CALL SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
Chart 6 PORTERS 5 FORCES ON NURSE CALL SYSTEMS MARKET
Chart 7 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
Chart 8 DRO - IMPACT ANALYSIS OF IOT HEALTHCARE MARKET
Chart 9 KEY STAKEHOLDERS
Chart 10 GLOBAL NURSE CALL SYSTEM MARKET BY TYPE SEGMENTATION, 2016 (% SHARE)
Chart 11 GLOBAL NURSE CALL SYSTEM MARKET BY TYPE SEGMENTATION, 2023 (% SHARE)
Chart 12 GLOBAL NURSE CALL SYSTEM MARKET OVERVIEW BY PRODUCT TYPE 2016
Chart 13 GLOBAL BASIC/VISUAL NURSE CALL SYSTEMS MARKET BY REVENUE, 2016–2023 ($MILLION)
Chart 14 GLOBAL INTEGRATED NURSE CALL SYSTEMS MARKET BY REVENUE, 2016–2023 ($MILLION)
Chart 15 GLOBAL WIRELESS NURSE CALL SYSTEMS MARKET BY REVENUE, 2017–2023 ($MILLION)
Chart 16 GLOBAL INTERCOM NURSE CALL SYSTEMS MARKET BY REVENUE, 2017–2023 ($MILLION)
Chart 17 GLOBAL NURSE CALL SYSTEM MARKET SEGMENTATION BY PRODUCT TYPE, 2016-2023 ($MILLION)
Chart 18 GLOBAL NURSE CALL SYSTEM MARKET SEGMENTATION BY PRODUCT TYPE, 2016-2023 (% SHARE)
Chart 19 GLOBAL NURSE CALL SYSTEM MARKET BY END-USER SEGMENTATION, 2016 (% SHARE)
Chart 20 GLOBAL NURSE CALL SYSTEM MARKET BY GEOGRAPHICAL SEGMENTATION, 2016 (%)
Chart 21 GLOBAL NURSE CALL SYSTEM MARKET OVERVIEW BY REGIONS 2016 ($ MILLION)
Chart 22 NURSE CALL SYSTEM MARKET REVENUE IN NORTH AMERICA, 2016–2023 ($MILLION)
Chart 23 NURSE CALL MARKET REVENUE IN THE EUROPE, 2016–2023 ($MILLION)
Chart 24 NURSE CALL MARKET REVENUE IN THE APAC, 2016–2023 ($MILLION)
Chart 25 NURSE CALL MARKET REVENUE IN THE REST OF THE WORLD, 2017–2023 ($MILLION)
Chart 26 GLOBAL NURSE CALL MARKET SEGMENTATION BY GEOGRAPHY, 2016-2023 ($MILLION)
Chart 27 GLOBAL NURSE CALL MARKET SEGMENTATION BY GEOGRAPHY, 2016-2023 (%)
Chart 28 AZURE HEALTHCARE LTD.: OVERVIEW SNAPSHOT
Chart 29 AZURE HEALTHCARE LTD.: SWOT ANALYSIS
Chart 30 ASCOM HOLDING AG: OVERVIEW SNAPSHOT
Chart 31 ASCOM HOLDING AG: SWOT ANALYSIS
Chart 32 CORNELL COMMUNICATION: SWOT ANALYSIS
Chart 33 HILL-ROM HOLDINGS, INC: OVERVIEW SNAPSHOT
Chart 34 HILL-ROM HOLDINGS, INC: FINANCES – SEGMENTS
Chart 35 HILL-ROM HOLDINGS, INC: FINANCES – UNAFFILIATED CUSTOMERS
Chart 36 HILL-ROM HOLDINGS, INC: SWOT ANALYSIS


More Publications