Skip to main content

Nurse Call Systems Market: Opportunities and Challenges

Nurse Call Systems Market: Opportunities and Challenges
The major players operating in the nurse call system market are Rauland-Borg Corporation (A division of AMETEK.Inc.) (US), Ascom Holding AG (Switzerland), Hill-Rom (US), Ackermann by Honeywell (Germany), and Jeron Electronic Systems, Inc. (US), Johnson Controls International Plc (Ireland)
The diverse applications of nurse call systems and the availability of technologically advanced nurse call systems are the major factors that are driving the growth of this market.

The nurse call systems market is projected to reach USD 2,490.6 million by 2024 from USD 1,601.9 million in 2019, at a CAGR of 9.2% from 2019 to 2024. The diverse applications of nurse call systems and the availability of technologically advanced nurse call systems are the major factors that are driving the growth of this market. Also, with the growing demand for long-term care as a result of the rising incidence of Alzheimer’s and other dementias, the adoption of nurse call systems in long-term care facilities is expected to increase in the coming years. However, the high costs involved in the implementation of nurse call systems and the stringent regulatory environment are expected to restrain the growth of this market in the coming years.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=230909048

What opportunities do emerging countries provide in Nurse Call Systems market?

Emerging countries such as India, China, Brazil, Russia, and several countries in Latin America and Southeast Asia are expected to offer significant growth opportunities to players operating in the nurse call systems market during the forecast period. More than one-third of the world’s population resides in India and China, and these markets are home to large patient and industry bases. The growing focus on improving the quality of hospital care and healthcare infrastructure in these countries is one of the major factors driving the demand and adoption of nurse call systems in their respective healthcare infrastructures.

The number of hospitals in emerging Asian countries has increased significantly over the last decade. According to the National Bureau of Statistics, in 2016, around 2,000 new private hospitals were established in China. This increased the total number of hospitals in the country to 29,000. Similarly, according to the India Brand Equity Foundation, the healthcare sector in India has been growing rapidly and is estimated to reach USD 280 billion by 2020 (at a CAGR of 17%), wherein hospitals will contribute around 71% of the revenue (the healthcare sector accounts for 5.2% of the GDP of India, and is estimated to be the third-largest growth segment of the Indian economy). Furthermore, the growing medical tourism in Southeast Asian countries such as Singapore, Malaysia, and Thailand, among others, is also expected to provide significant growth opportunities to market players in the coming years (as hospitals in these countries are focusing on implementing world-class amenities for patients and receiving JCI accreditation).

With a population of more than 200 million, Brazil is the largest market for medical devices in Latin America. Currently, there are around 6,500 hospitals and 18,000 diagnostic laboratories in the country. An estimate claims that 80% of all medical products used in Brazilian hospitals are imported, in spite of there being around 4,000 domestic manufacturers (Source: Global Health Intelligence, Brazilian Healthcare Market Outlook 2018). The high reliability on imports is expected to offer potential opportunities to global companies to penetrate the nurse call systems market in Brazil.

What are the challenges one would face in Nurse Call Systems?

Integrating nurse call systems with other solutions/systems, such as electronic medical records, medical devices, older infrastructure, and existing software systems, is a major challenge for nurse call system solution providers.

Due to the complexity and incorporation of various technologies in nurse call systems, it becomes challenging for healthcare facilities to streamline and integrate these systems smoothly with other existing technologies and systems. For instance, synchronization of infusion pump status and alarm information at the nursing station or on a mobile patient-status communication device (which can benefit both patients and nursing staff) is a very challenging task. Also, the development of a complete nurse call enterprise solution that is interoperable with existing patient healthcare systems in hospitals is a major challenge to overcome. In this regard, the need for interoperability is rising as it ensures that innovative and effective technologies have the ability to work in tandem and provide tangible data to increase the efficiency of the overall healthcare workflow. As a result, achieving integration and interoperability between nurse call systems and other technologies/solutions is considered as a major challenge in this market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=230909048

Browse Related Reports:

Clinical Alarm Management Market by Component (Solutions, Services), Product (Nurse Call Systems, Physiological Monitors, EMR Integration Systems), End User (Hospitals, Long-term Care Centers, Ambulatory Care Centers) - Global Forecasts to 2023

Clinical Workflow Solutions Market by Product (Data Integration, EMR Integration, Nurse Call Systems, Unified Communications, Care Solutions, Patient Flow Management, Enterprise Solutions), End Users, and Region - Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/nurse-call-system-market-230909048.html


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.