09 January 2020
Visiongain’s new report the Nurse Call Systems and Communication Market Report 2020-2030: Forecasts by Product (Button-Based Systems, Integrated Communication Systems, Mobile Systems, Intercom Systems), by Technology (Wired Communication, Wireless Communication), by Application (Alarms & Communications, Fall Detection & Prevention, Workflow Optimization, Wanderer Control) by End Use (Clinics & Physician Offices, Hospitals & Ambulatory Surgery Centers, Long-Term Care Facilities) plus analysis of leading companies indicates that the global nurse call systems and communication market will cross 2.0 billion revenue by 2030.
Global Nurse Call Systems and Communication Market is expected to grow on account of its rising demand for highly integrated hospital digital platforms, inclination towards for mobile devices, and dynamically changing reimbursement landscape. With rising cost of healthcare and the continuously changing demand of healthcare providers, Medicare has decided to evaluate the hospitals, ambulatory services and many more verticals on the basis of their quality of services. According to Medicare data, over USD 2.0 billion additional reimbursement related costs can be minimized by introducing advanced systems in hospitals.
Currently, the nurse call system has experienced a drastic shift from analog to digital & network IP-based products in past few years. With the overall healthcare industry moving towards remote and mobility platforms, vendors are contending to provide an advanced level of integrated solutions. As of now, integration wireless technologies in existing equipment’s is gaining momentum. Wireless technology provides both patients as well as the attendants a greater mobility options and it can also run parallel with a various diagnostic solutions. Additionally, the maintenance and installation costs for wireless platforms are low wired counterparts.
Wired technology dominated the global market in terms of revenue with over USD 500 million. Major players are providing integrated solutions, in which the data saved in system is a result of various readings from various equipment’s. Furthermore, hospitals are focusing on infrastructure expansion so that they would integrate latest technologies in newer facilities. For instance, in 2016, Waupun Memorial Hospital declared an investment of USD 23 million for expansion purposes.
Hospitals and clinics have the largest market share due to the increasing number of patient loads, the introduction of advanced technologies, and rising emergency incidences. Rising number of patients and growing medical care urgency together contribute to exhaustion of the nurse. Such approaches are therefore gradually being implemented by hospitals and medical care centers.
Due to a number of regulatory amendments, changes in insurance coverage, and funding earned to upgrade hospitals with technology-driven nurse call systems, North America was the largest geographic segment. Increasing population in the area has increased demand for software for personal emergency response. Such machines are used more commonly in care facilities for assisted living and acute care, long-term care, and home care. These also help to reduce reaction time for workers.
In the U.S., a committee was created to promote the nursing policy initiatives by the American Association of Colleges of Nursing, the American Nurses Association, and the National League for Nursing. It is expected that government initiatives to implement the latest technologies in nursing education would lead to market growth.
- Rauland-Borg Corporation
- Siemens AG
- Ascom Holding AG
- Jeron Electronic Systems, Inc.
- Hill-Rom Holdings, Inc
- Schrack Seconet Ag
- Jeron Electronic Systems, Inc
- Intercall Systems, Inc
- Johnson Controls International PLC
- TYCO SIMPLEXGRINNELL LP
- STANLEY HEALTHCARE
- TUNSTALL HEALTHCARE
- CRITICAL ALERT SYSTEMS, LLC
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