NEW YORK, Sept. 27, 2016 /PRNewswire/ -- The nurse call systems market is expected to reach USD 1.75 billion by 2021 from USD 1.12 billion in 2016, at a CAGR of 9.3%. The global nurse call systems market is segmented based on instruments, technologies, applications, and end users.
On the basis of instruments, the nurse call systems market is segmented into buttons, integrated communication systems, mobile systems, and intercom systems. The integrated communication systems segment is projected to witness the highest growth rate during the forecast period from 2016 to 2021. Growth in this segment can primarily be attributed to increasing number of hospitals integrated with these systems and new product launches.
On the basis of technologies, the nurse call systems market is segmented into wired systems and wireless systems. The wired systems segment is expected to account for the largest share of the global nurse call systems market in 2016. The low-cost and speed of transmission of wired communication are the key factors propelling the growth of this market.
The wireless systems segment is estimated to register the highest CAGR of 9.9% during the forecast period. The major advantages of wireless systems include easy installation and better compatibility, affordability, efficiency, and convenience as compared to wired systems.
Geographically, the nurse call systems market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). The North American region is expected to account for the largest share of the global nurse call systems market in 2016. Growth in the North American segment is primarily driven by the growing elderly population and the rising incidence of chronic diseases in this region.
Aging population and rising prevalence of chronic diseases, new product launches, technological advancements, and increasing healthcare expenditure are some major factors driving the growth of the nurse call systems market.
In correspondence to comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above-mentioned market research data, current market size, and forecast of future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach and levels of output in order to remain successful in the market.
The key players in the nurse call systems market include Ascom Holding AG (Switzerland), Hill-Rom Holdings, Inc. (U.S.), Tyco International PLC (U.S.), Honeywell International, Inc. (U.S.), and Rauland-Borg Corporation (U.S.).
Reasons to buy the report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market positions.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the nurse call systems market. The report analyses the nurse call systems market by instruments, technologies, applications, and end users
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and new product launches in the nurse call systems market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the nurse call systems market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various nurse call systems across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the nurse call systems market
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