Nurse Call Systems Market to reach US$1,579.5 Million by 2020 at 13.9% CAGR from 2014 to 2020: Transparency Market Research

Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has recently published a market study on the global nurse call systems market , estimating the market to expand at a healthy CAGR of 13.9% between 2014 and 2020 and record an increment from US$598.50 million in 2014 to US$1,579.50 million by 2020.The research report is titled "Nurse Call Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020".The report classifies the global nurse call systems market based on the types of equipment into the markets for nurse call buttons, intercoms, mobile systems, and integrated communication systems. Among these, the market for integrated communication systems captured almost 75% of the overall revenue generated in the global nurse call systems market in 2013. With the rising penetration of mobile systems owing to the high demand for mobile solutions, coupled with the increasing requirement for advanced mobility and flexibility, the market for nurse call mobile systems is projected to register significant growth during the period of forecast.

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Based on communication technology, the nurse call systems market is segmented into the markets for wired communication equipment and wireless communication equipment, whereas by end users, the market is categorized into hospitals, assisted living centers, OPD clinics, and ambulatory services. In 2013, the market for wired nurse call communication equipment occupied the biggest share of the overall market, while by end users, hospitals held almost 74% of the overall revenue generated in the global nurse call systems market the same year.According to the report, the nurse call systems market in North America acquired the first position in the global market, with a 38% share of the overall revenue generated in the global market in 2013. The European market for nurse call systems stood second in terms of revenue the same year. However, the economic slowdown in Europe has resulted in a reduction in public expenditure, which is impacting this regional market significantly.

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On the other hand, rise in uptake of nurse call systems in the Asia Pacific medical and healthcare industry has resulted in exceptional growth of this market in Asia Pacific. Owing to this, Analysts expect this regional market to report the fastest growth, at a CAGR of 17.6% over the forecast period. The rise in demand for nurse call systems from India, China, Singapore, and Japan and the emergence of the market for assisted living through wireless solutions in the region are likely to be key reasons for this growth, the report states.The report also reviews the company profiles of the major participants of the market for nurse call systems across the globe. Ascom Holding AG, Hill-Rom Holdings, Inc., Azure Healthcare Ltd., and Rauland-Borg Corp. have been determined as the leading players in this market, while Cornell Communications, Inc., Tyco SimplexGrinnell, Jeron Electronic Systems, Inc., TekTone Sound & Signal Mfg. Inc., Critical Alert Systems LLC, Vigil Health Solutions, Inc., and Stanley Healthcare have been identified as other prominent players in this report.

The global nurse call systems market is segmented into:

By Equipment Type

  • Nurse Call Buttons
  • Nurse Call Intercoms
  • Nurse Call Mobile Systems
  • Nurse Call Integrated Communication Systems

By Communication Technology

  • Wired Communication Equipment
  • Wireless Communication Equipment

By End Users

  • Hospitals
  • OPD Clinics
  • Assisted Living Centers
  • Ambulatory Services

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

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Source:Transparency Market Research