The Nurse Call Systems Market is estimated to hit $16.026 billion by 2023.
North America is dominating the Nurse Call Systems Market, with a share of $4.353 billion in
2017 at a CAGR of 5.80%, and is projected to reach $6.105 billion by 2023. The presence of large number of hospitals and healthcare facilities is the biggest driving factor for traditional nurse call systems market in this region. According to the WHO, 30.85% of the globally
registered hospitals are in the Americas. Moreover, the rapidly aging population in the U.S., Canada and Mexico will drive the need for efficient emergency medical alarms in hospitals and assisted living facilities.
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Selected Analysis Done in the Full Report: The quality of nurse call systems manufactured depends on both the components used and the technologies adopted. There is very less scope for innovation in traditional nurse call systems. However, the newer systems are integrated with other healthcare devices and use latest technologies. Once the design, product features, specifications and patent filing are
finished, either through its own R&D activities or licensing agreements with research institutes or universities, the company starts the manufacturing process.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
Availability of reimbursements from private and government health insurers is the major factor driving large scale adoption of NCS devices.
The presence of the large number of hospitals and healthcare facilities is the biggest driving factor for traditional nurse call systems market in North American region.
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Key Players of the Nurse Call Systems(NCS) Market
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Hill-Rom Holdings Inc.
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Tyco SimplexGrinnell LP
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Ascom Holding AG
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Honeywell International
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Rauland-Borg Corporation.
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