Nurse Call Systems Market latest Trends and New Technologies Research Forecast to 2027
The North America nurse call systems market is expected to reach US$ 1,203.5 Mn in 2027 from US$ 506.2 Mn in 2018. The market is estimated to grow with a CAGR of 10.5% from 2019-2027.
North America nurse call systems market, based on the technology was segmented into wired systems and wireless systems. Wired system segment led the market for nurse call systems in 2018, contributing a market share of 74.54% and is expected to retain its dominance during the forecast period from 2018 to 2027.
The market for the nurse call systems is likely to contribute due to rising due to the rising prevalence of the Alzheimer’s disease and other forms of dementia. The other factors that is leading to the growth of the market are growing geriatric population and presence of the market leaders that offer various nurse call systems and rising numbers of the hospitals, assisted living centers and other healthcare centers across the country. As per the recent data published by Alzheimer’s Association in 2019, states that approximately 5.8 million Americans are suffering with Alzheimer’s and the number is expected to rise approximately up to 14 million by 2050. In addition, the cost of care invested for the disease are rising. It was estimated that by 2019 Alzheimer’s and other form of dementias will cost nearly US$ 290 billion and it is also estimated that by 2050 the cost can rise roughly up to US$ 1.1 trillion. Therefore, owing to the above mentioned factors the market is likely to propel during the forecast period.
What will you get in this report?
- An exhaustive analysis of the global Nurse Call Systems market with detailed studies on different topics that will help key players to create effective development strategies and strengthen a strong position in the Nurse Call Systems industry.
- It gives a complete mapping of the behaviors of Nurse Call Systems market contributors and the vendor landscape. Existing companies could use the report to prepare themselves well to face future market challenges and strongly compete in the global Nurse Call Systems market.
- Also, the analysts have provided a thorough assessment of the impact of these strategies on Nurse Call Systems market growth and competition and many more
- A competitive portfolio of Nurse Call Systems market in the different regions including their growth factors, pitfall challenges, investment structure, advancement in all aspects, customer base etc.
The global nurse call systems market, based on equipment is segmented into integrated communication systems, button systems, mobile systems and intercom systems. In 2018, the integrated communication system segment held the largest share of the market, by equipment. Moreover, this segment of nurse call systems market is also expected to witness growth in its demand at a fastest CAGR of 10.9% during 2019 to 2027.
The nurse call systems market, based on application is segmented into emergency medical alarms, wanderer control, workflow support and others. Emergency medical alarms segment led the market for nurse call systems in 2018. The emergency medical alarms offers advantages to nurses to communicate faster by creating real time alert and response tracking in minimal time, also helps in two way communication. Moreover, the emergency alarms also improve the work efficiency and helps in reducing the healthcare costs.
Some of the major primary and secondary sources for nurse call systems included in the report are Alzheimer’s Association, Alzheimer Society Canada, National Center for Assisted Living and others.
A Pin-point overview of TOC of Nurse Call Systems Market are:
Overview and Scope of Nurse Call Systems Market
- Research goal & scope
- Research assumptions
- Research Methodology
- Key take-away
- Market Segmentation
Nurse Call Systems Market Insights
- Industry snapshot
- Regulatory Framework
- Nurse Call Systems Market Dynamics
- Nurse Call Systems Market Forces
- Nurse Call Systems Market Driver Analysis
- Nurse Call Systems Market Restraint/Challenges analysis
- Nurse Call Systems Market Opportunity Analysis
- Factors Influencing Development of Nurse Call Systems Market
- Driving Forces and Market Opportunities
- Threats and Challenges in Nurse Call Systems industry
- Forecast on Nurse Call Systems Market Size
- Forecast on Nurse Call Systems Market Trend
Industry analysis – Porter’s Five Force
- Nurse Call Systems Market PEST Analysis
- Nurse Call Systems Market Value Chain Analysis
- Nurse Call Systems Industry Trends
- Company Market Share Analysis
- Product Benchmarking
- Recent Developments and Technological Advancement