Nurse Call Systems Market Positive Long term Growth, Analysis and Forecasts to 2027 | Ascom, Intercall Systems, STANLEY Healthcare, Critical Alert Systems

(The Express Wire via Comtex)

Increasing Incidences of Alzheimer's Diseases is driving the market for nurse call systems over the forecast period.

According to a new market research study titled'Nurse Call Systems Market - Global Analysis and Forecasts by equipment, technology, application, end user'. The global nurse call systems market is expected to reach US$ 2,936.83 Mn in 2027 from US$ 1,252.65 Mn in 2018. The market is estimated to grow with a CAGR of 10.3% from 2019-2027. The key factors that are driving the growth of the market are rising incidence of Alzheimer's disease across the region, rising in the support of government in country. In addition, the presence of various market players and rising in the numbers of assisted living centers in the world are likely to contribute the growth of the market.

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 10.7% during 2019 to 2027.

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Some of the prominent players operating in nurse call systems market are, Ascom, Honeywell International Inc., Siemens AG, Azure Healthcare, Intercall Systems Inc., SCHRACK SECONET AG, STANLEY Healthcare, Critical Alert Systems., Hill-Rom Services Inc., and Rauland. The market players are focused towards bringing new and innovative products to sustain their position in the market. For instance, in January 2019 Rauland-Borg Corporation has launched a true next generation enterprise-wide platform for the Responder intelligent nurse call solution. The solution has helped in optimizing the clinical workflows and enabling hospitals to optimize their patient outcomes.

Key factors driving the market are rising incidence of Alzheimer’s disease across the region, rising in the support of government in country. In addition, the presence of various market players and rising in the numbers of assisted living centers in the world are likely to contribute the growth of the market. However, factors such as higher costs of the nurse call system and its installation charges are expected to hamper the growth of global nurse call system market.

In addition, it is also stated that from 2000 to 2017 the deaths due to Alzheimer’s disease has grown by 145%, one in every three senior person dies with the disease or the other form of the dementia. The cost incurred in the disease are rising in the region. 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. For the seniors citizens living with the dementia are provided care of nearly 18.5 billion hours which is fairly valued approximately US$ 234 billion.

In US, there are approximately, 42% of assisted living centers that are run independently and rest are organization with two or more communities that work together. The paying for the care is comparatively less than the average cost of a homemaker services. The average cost per year is approximately US$ 48,000 on the other hand the homemaker service cost is US$ 48,048 or for the home health aide is approximately US$ 50,336. Majority of the assisted living centers utilized some form of private funds to pay for the care services. Thus, the growing number of assisted living centers is expected to create a demand for the nurse call systems across the world.

The report segments the global nurse call systems market as follows:

Global Nurse Call Systems Market By Equipment

  • Integrated Communication Systems
  • Button Systems
  • Mobile Systems
  • Intercom Systems

Global Nurse Call Systems Market By Technology

  • Wired Systems
  • Wireless Systems

Global Nurse Call Systems Market By Application

  • Emergency Medical Alarms
  • Wanderer Control
  • Workflow Support
  • Others

Global Nurse Call Systems Market By End User

  • Hospitals
  • Nursing Homes and Assisted Living Centers
  • Clinics

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