According to a new market research report “Nurse Call Systems (NCS) Market Analysis: By Type (Traditional NCS, Advanced NCS, Middleware Interfaced NCS), By End Users (Hospitals & Clinics, Senior Living Facilities and Assisted Living Facilities) - With Forecast (2015-2020)”. Nurse Call Systems (NCS) Market is projected grow at a healthy CAGR for the forecast period.
Browse 72 Market Data Tables, 24 Figures spread through 147 pages and in-depth TOC on “Nurse Call Systems (NCS) Market - Global Forecast to 2020".
Nurse Call Systems (NCS) market is a diverse healthcare monitoring devices market which specifically caters to the people in time of emergency and in need of immediate medical attention. The nurse call systems provide emergency assistance to patients by transferring alert signals to doctors and nursing staff and enable essential assistance to bed-ridden or immobilized patients in a timely manner.
The global NCS market has been segmented by the types of systems into
- Advanced and
- Middleware interfaced NCS.
The major end users who are making use of nurse call systems are the
- Patients in Clinics
- Senior living facilities and
- Assisted living facilities
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The Global Market for Nurse Call System stood at around $9 billion in 2014 and is projected to grow at 6.62% through the forecast period 2015-2020.
The rising demand for home healthcare devices is primarily driven by aging population and rising healthcare costs worldwide which in turn will boost the usage of nurse call systems across the globe as they promise safety and medical security while being cost-effective and easily accessible. Improving infrastructure, favorable healthcare reforms and government policies will drive the demand for nurse call systems across the globe.
New innovations arising from the current R&D efforts and technological advancements are likely to create even more efficient NCS devices in the future. On the other hand, the development of newer and sophisticated devices increases the device cost and diminishes the profit margin for the manufacturers, which prevents the producers from entering into the new segments of nurse call systems through research and innovation.
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North America occupied the largest share in the global nurse call systems market with 41%, followed by Europe with 36% in the overall market. The booming healthcare industry in North America, especially the U.S., has led to the installation of these systems across hospitals, clinics as well as other healthcare facilities.
The rapidly growing hospitals market in the U.S., due to increased insurance coverage by government, will drive the growth of nurse call systems market. The shortage of nurses in the U.S., coupled with growth in hospital admissions among aging population will increase the adoption of modern nurse call systems to improve nurse workflow efficiency. APAC region is forecast to grow a rapid pace over the years to come, which can be attributed to technological advancements and increased spending of government on healthcare infrastructure.
In 2014, Hill-Rom Holdings Inc., Tyco SimplexGrinnell LP, Ascom Holding AG, Honeywell International, Inc., and Rauland-Borg Corporation jointly held 41% share in the global NCS market in terms of revenue.
Emergence of new start-ups developing nurse call systems coupled with technological advancements will lead to the development of innovative nurse call systems products and solutions. The key players are further expanding their product portfolio to include newer technologies such as wireless NCS, and advanced integrated NCS devices.
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