Rising demand for the advanced healthcare systems are boosting invetsnments by the numerous players for new product launches. For instance, some of the industry players offer integrated equipment, in which the patient data can easily be stored and retrieved. In February 2015, Rauland Borg Corporation launched a device called AllTouch responder, which offers nurse call system with electronic medical records. All Touch – Information on workflow events and room status can now be shared across hospital systems using this new integration of Rauland Responder All Touch with Connexall’s clinical communication software platform.
The demand in the global nurse call systems market is projected to expand at a strong CAGR of 10.9% during the forecast period of 2017 to 2025, and estimated to reach a valuation of US$2,665.98 mn by the end of 2025.
Here are few factors which are influencing growth of the Nurse Call Systems Market:-
Rise in Healthcare Expenses To Boost Growth: Rise in healthcare expenses, particularly in the developed nations, increasing popularity of medical insurance in various developing economies, prevalence of chronic infections, increase in old age population over the world, increased investment in healthcare industry, technological headways and product upgradation, government bolster for advanced innovation that helps in consumers’ care progressively, and convenient availability of information for essential healthcare departments are a some of the essential drivers propelling the global nurse call systems market.
Rising Advanced Technologies to Boost Growth: Upcoming technologies, for example, integration of nurse call systems with cell phones and in-in-hospital remote telephones, centralized nurse call system, interoperable designs, and expanding nurse contribution in healthcare sector are among the major reasons that are anticipated to surge up the global growth of nurse call systems market.
Expansive Devices and Strict Rules to Hamper Growth: Then again, factors, for example, increased expenses of implementation, challenges relating to interoperability and integration, strict government regulations, and the lack of skilled professionals who can work productively with IT and healthcare are obstructing the market for nurse call systems from accomplishing its actual potential.
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Increase in Old Age Population to Create Need: Increase in old age population over the world, increased investment in healthcare industry, technological headways and product upgradation, and convenient availability of information for essential healthcare departments are some of the essential drivers propelling the global nurse call systems market.
The vendors go against each other owing to various factors, for example, product differentiation, aggressive pricing, capital support for product or technology upgrades, and distribution partnerships to improve their position in the market. Cornell Communications, Azure Healthcare Ltd., Hill-Rom Holdings, Inc., TekTone Sound & Signal Mfg., Inc., Ascom Holding AG, Tyco SimplexGrinnell, Rauland-Borg Corporation, STANLEY Healthcare, Jeron Electronic Systems, Inc., and Vigil Health Solutions, Inc. are among the key players leading the global nurse call systems market.
