The nurse call system market 2020 could possibly achieve a growth rate of 9.5% over the forecast period (from 2018 to 2023), confirms Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
Top Drivers and Main Deterrents
Since the COVID-19 outbreak and its escalation into a full-fledged pandemic, the patient pool worldwide has burgeoned significantly, which has bolstered the demand for nurse call systems. The rising influx of SARS-CoV-2 infected patients in hospitals has led to higher use of nurse call systems for the provision of calling for assistance. The onset of the novel coronavirus has boosted the deployment of various digital health solutions, since the healthcare sector is now even more focused on the well-being of people. But, vendors are presently facing issues with regard to manufacturing and installation of advanced devices in clinics and hospitals due to the lockdown. The COVID-19 impact on manufacturing and logistics has been brutal and has substantially increased the supply and demand gap, which can slow down the growth of the nurse call system market.
On a brighter note, several companies in the nurse call system industry are developing products with enhanced features, in their fights against the COVID-19 pandemic. Government agencies and private medical firms are undertaking several initiatives to lend support to the healthcare system. To cite an instance, in March 2020, World Health Organization devised a strategy with respect to digital health (2020–2024), which encourages health systems with use of numerous digital health technologies in a bid to boost health services worldwide
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The global market has been observing significant technical developments, one of which is RTLS/ real-time location system, which are being increasingly integrated with nurse call wireless systems across healthcare facilities. RTLS helps healthcare facilities track the movement of equipment and the attendants to bolster the productivity. Also, with the surge in nursing home facilities and home healthcare, reputed players are concentrating on devices that ensure better response time and eliminate nurse fatigue. Additionally, manufacturers are striving to integrated advanced technologies like RFID/radio frequency identification, security systems and more with nurse call systems. Collaborations and partnerships between players to leverage the opportunities offered by these technologies and also boost their profit margins could translate into substantial market growth in the following years.
To illustrate, in September 2020, Honeywell collaborated with Influence Healthcare International/IHI, to nurture digital transformation in the healthcare sector of Russia, the Middle East, Africa and Turkey. IHI is expected to leverage Honeywell’s technical expertise in healthcare, such as nurse call systems, remote patient monitoring, RFID solutions, and more.
Nurse call system industry has been extensively studied in the MRFR report, while considering a few primary segments, namely type, technology, applications and end-users.
The major types of nurse call systems are nurse call integrated communication systems, nurse call buttons, nurse call intercoms, nurse call mobile systems, and more.
The significant technologies covered are wired systems along with wireless systems.
Application areas of nurse call systems are workflow management, alarms, medical emergency, and others.
The prominent market end-users are ambulatory care centers, assisted living centers, hospitals nursing homes, and others. Hospitals and nursing homes are ahead of other segments in the market, due to the escalating number of private and public hospitals. Assisted living centers could, however, anticipate fastest growth in the near future, on account of the expanding geriatric population combined with resulting surge in the need for assisted living centers.
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Europe, Asia Pacific or APAC, Middle East Africa/MEA and the Americas are the major markets for nurse call system worldwide.
The Americas could inflate as the biggest market in the coming years, given the region’s tendency to fast adopt modern technologies along with the rapidly expanding geriatric population. The vast number of regulatory reforms and favorable reimbursement aspect also benefit the American market. To enhance patient care, hospitals are spending heavily on development of the existing technologies as well as infrastructure. Government is also supporting the healthcare system in this regard, which provides the necessary push to the market growth in the region. For instance, in September 2020, the Ontario government granted close to USD 175 million for essential upgrades, maintenance as well as repairs in 129 hospitals in the province. Projects included installation of newer and more efficient nurse call system, among others.
Europe could be the second highest gainer in the global market over the given period, thanks to the presence of a well-established healthcare sector and the burgeoning pool of patients in hospitals. Increasing funds from the government to upgrade hospitals with new and advanced nurse call systems also add to the European market’s strength.
APAC can progress at the fastest rate in the years to come, mostly owing to the improving healthcare facilities and the vast aging population. The APAC market also stands to profit from the escalating focus of world renowned firms on the developing economies like India, Singapore and China along with the technical developments in the healthcare industry.
West-Com Nurse Call System Inc, Vigil Health Solutions Inc., Hill-Rom Services Inc., CSINC, AMETEK, Inc., Austco Communication Systems Pty Ltd., Cornell Communications, Systems Technologies, STANLEY Healthcare, BEC Integrated Solutions LLC, Honeywell International Inc., Azure Healthcare, Ascom, Johnson Controls., Jeron Electronic Systems Inc., are some of the most significant firms in the worldwide market.