The global nurse call systems market size is expected to reach USD 3.06 billion by 2028 according to a new study by Polaris Market Research. The report “Nurse Call Systems Market Share, Size, Trends, Industry Analysis Report, By Technology (Wired Communication Equipment, Wireless Communication Equipment); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); By Type; By Application; By End-Use; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The nurse call system facilitates communication between caregiver and the patient admitted improving operational efficiency, responsiveness, level of care, and better patient outcome. It allows caregivers to serve patients more efficiently and attentively. Such systems keep patients safe as there is a facility to call caregivers whenever assistance is required.
For service providers, the nurse call system allows them to manage their work efficiently and purposefully and could be automated to a certain extent. As facility administrators in the healthcare facilities always seek to increase the standard of medical care, the market adoption of nurse call systems is bound to increase. With rising healthcare costs and surging pressure to have dynamic healthcare service, Medicare has decided to reimburse such systems, not on quantity, but quality and positive patient outcomes.
According to the market estimates of Medicare, the current reimbursement practice costs authorities extra at around USD 2.1 billion and expects to limit this, through technology interventions focused on healthcare. Thus, with changing reimbursement policies in market, hospitals across the globe are streamlining workflow by adopting nurse call systems.
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Asia Pacific is projected to register the fastest market growth rate over the assessment period. The market growth is attributed to the presence of the old age population, rise in nursing care centers, and surge in patient flow in out-patient clinics.
In line with this, in March 2019, Singapore’s Ministry of Health (MoH), announced the expansion of long-term care facilities. The increasing need to offer apt patient care with faster response time is expected to drive the market growth over the forecast period.
Companies operating in the market for nurse call systems include Azure Healthcare; Stanley Healthcare; Tyco SimplexGrinnell; Hill-Rom Holding, Inc.; Critical Alert Systems LLC; Honeywell International, Inc.; Ascom Holding; Rauland-Borg Corporation; TekTone Sound and Signal Mfg., Inc.; and West-Com Nurse Call Systems, Inc.
Polaris Market Research has segmented the nurse call systems market report on the basis of technology, type, application, end-use, and region:
Nurse Call Systems, Technology Outlook (Revenue - USD Million, 2016 - 2028)
Nurse Call Systems, Type Outlook (Revenue - USD Million, 2016 - 2028)
Nurse Call Systems, Application Outlook (Revenue - USD Million, 2016 - 2028)
Nurse Call Systems, End-Use Outlook (Revenue - USD Million, 2016 - 2028)
Nurse Call Systems, by Regional Outlook (Revenue - USD Million, 2016 - 2028)