A recent market intelligence report by Transparency Market Research (TMR) has detected that the global nurse call systems market is constantly evolving with the advent of new equipment and features, and although there is plenty of scope for new entrants who frequently make a foray, a limited number of key players do hold a significant position. Some of the major players identified by the TMR report in the global nurse call systems market are: Cornell Communications, Azure Healthcare Limited, TekTone Sound & Signal Mfg., Inc., Ascom Holding AG, Jeron Electronic Systems, Inc., Hill-Rom Holdings, Inc., STANLEY Healthcare, Vigil Health Solutions, Inc., Tyco SimplexGrinnell, and Rauland-Borg Corporation, which has been acquired by Ametek, Inc.
The TMR report projects the demand in the global nurse call systems market to expand at an impressive CAGR of 10.9% during the forecast period of 2017 to 2025, estimating it to reach a valuation of US$2,665.98 mn by 2025. Most of the key vendors are resorting to latest technologies in order to differentiate themselves from the competition and gain market share. The report also expects offering of customized services according to the requirements of individual hospital, acquisitions of promising entrants, significant contract wins, and new product launches as some of the other strategies of the key players to expand their revenue horizon.
Based on equipment-type, IP-based nurse call systems generated maximum revenue in 2016, whereas wired communication contributed maximum demand in terms of communication technology. End-users of the global nurse call systems market has been bifurcated into hospitals, assisted living centers, nursing homes, and clinics, with hospitals offering most of the demand, owing to growing adoption of nurse call systems at all-in-one healthcare facilities. Geographically, North America is the most profitable region, with robust medical infrastructure, although Asia Pacific is projected for the best growth rate.
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