SecurityWorldMarket

21/03/2019

Global nurse call business predicted to reach $2.38B by 2025

San Francisco, Ca (UK)

The global nurse call system market size is expected to reach USD 2.38 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.9% during the forecast period. Increasing support for digital healthcare, government penalties for hospital re-admissions, and demand for resident and patient safety are expected to drive the demand.

In addition, continuous technology advancements to bring in a new level of communication enabling the widest range of applications configuration to home cares, hospitals, or residential facilities are also expected to upsurge the demand for nurse call system. In April 2015, Mircom launched Micare wireless nurse call system, designed to enable its integration with cloud technology.

Hospitals have a major share of the nurse call system market owing to the patient flow and increasing chronic and emergency case patients. Moreover, researchers are filing patents for technologies that offer uninterrupted communication. In December 2018, Ascom Holdings AG received the approval certificate from the U.S. Food and Drug Administration (FDA) as class II 510(k) for Digistat Smart Central software solution increasing the scope of the Ascom Healthcare to expand their presence in the U.S. hospitals.

North America was the largest regional market included in the study, which according to the analysts is due to the establishment of a separate certification and coding system and the introduction of new integrated solutions by key players. For instance, in October 2018, Tunstall Healthcare acquired Kanayo Software Inc., and EWII Telecare to expand its Connected Health solutions. The acquisition provided Tunstall with expertise in Software and App products in health and social care.

Researchers also found that wired communication equipment led the market in 2018 owing to the early adoption of technology and continuous innovations such as integration wifi cordless telephones, IP Dect, and radio pocket pagers for greater efficiency and safety

Although the US was found to be the largest market, it was the Asia Pacific region that analysts say is the fastest growing market.  According to the report this is down to the huge population base, high technology adoption rates, and government funding for digital health. The demand for real-time nurse call systems is increasing because of the growing need to offer better patient response time.

The report shows that market participants are constantly evolving the traditional systems and are incorporating newer techniques and devices. In January 2019, Hill Rom launched its Linq mobile application for an improvement in communication between the patient and caregiver firstly in the U.S. and Canada with further expansion into Europe

Some key players cited by the research as being active in the nurse call system market include Hill-Rom, Tyco Simplexgrinnell, Ascom, Honeywell,  Rauland-Borg, Tektone Sound & Signal, Stanley Healthcare, Azure Healthcare, West-Com Nurse Call Systems, and Critical Alert Systems.


Tags

Product Suppliers
Back to top