According to a new market research report published by Credence Research “Nurse Call Systems Market(Product – Buttons, Intercom Systems, Mobile Nurse Call Systems, Integrated Nurse Call Systems; Communication Technology – Wired, Wireless) – Future Prospects, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global nurse call systems market was valued at US$ 1271.8 Mn in 2015 and is estimated to expand with a CAGR of 11.6% from 2016 to 2024.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Nurse call systems refer to communication infrastructure deployed across various healthcare settings to enable communication between patients and medical staff. These systems are designed to enhance the convenience of interaction, thereby enabling better patient outcomes and higher patient satisfaction. Ranging from basic audio/visual nurse call buttons to the IP-based integrated nurse call solutions, different healthcare settings can choose from a variety of solutions to meet their requirements.
Increasing investments towards various healthcare IT systems has led to the trend of adopting latest state of the art communication systems in hospitals. Healthcare facilities have been increasingly focusing on building efficient communication infrastructure in order to provide improved medical care to their patients. Furthermore, with the ongoing technological advancements in the IT and communication systems, the nurse call systems market is expected to continue witnessing strong growth in the following years. The market has been witnessing a price declining trend for various communication equipment used in the overall nurse call solutions thereby, resulting in a higher rate of adoption in various developing markets.
Nurse call systems can be installed using wired as well as wireless communication infrastructure. This further enhances the overall nurse call solution in terms of capability, flexibility and scalability of the system. Due to these factors, the nurse call systems market is expected to register strong growth worldwide during the forecast period. Another major factor fueling the market growth is increasing investments towards elderly care and the assisted living segment. However, various government regulations and policies pertaining to the deployment of nurse call systems in hospitals pose as a challenge in innovative product development for the nurse call manufacturers.
The global nurse call systems market is consolidated in nature with a few international players contributing to more than forty percent of the total market revenue. Major players in the market include Rauland-Borg Corporation, Ascom Wireless Solutions, Hill-Rom Holdings, Inc., Honeywell International, Inc. (Ackermann), Azure Healthcare Ltd., Schrack Seconet AG, Static Systems Group Plc., Wandsworth Group Limited, Courtney-Thorne Ltd., Legrand SA, Hills Limited, Jeron Electronic Systems, Inc., TekTone Sound & Signal Mfg., Inc., West-Com Nurse Call Systems, Inc., CARECOM Co. Ltd., and AIPHONE CO. LTD.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Nurse Call Systems contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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