NURSE CALL SYSTEM MARKET ANALYSIS

Market Challenges And Opportunities

Nurse Call System Market - Drivers

The increased demand for wanderer control equipment and patient monitoring in the geriatric population is expected to drive the growth of the global nurse call system market in the coming years. Furthermore, as life expectancy has increased around the world, so has the number of geriatric patients, particularly in the U.K., the U.S., Japan, and Germany. For instance, according to U.K. population data the average U.K. population's life expectancy in 2021 was 81.65 years, and it was 81.40 years in 2020, indicating that life expectancy increased by 0.15% in just one year. As a result, there is a greater demand for nurse call systems in nursing homes and assisted living facilities.

Increasing inorganic activities by market players is expected to drive the market growth over the forecast period. For instance, in July 2020, Hill-Rom Holdings Inc. a North American medical technology provider announced that it has entered in commercial partnership with Aiva, an electronic composer in order to provide a hands-free communication tool that enables in-room voice assistant support for caregiver-to-patient and caregiver-to-caregiver help. This action has been taken in an effort to broaden the company's target market and increase the product selection.

Global Nurse Call System Market - Key Developments

Increase in need of advance healthcare systems is expected to boost the growth of global nurse system market over the forecast period. For instance, on October 5, 2022 Ascom, global provider of wireless communication and collaborative solutions for healthcare facilities has won a contract worth US$ 32, 54,971.50 million. Under this contract, Ascom will equip nurse call system in new hospital complex built in Germany. This building complex will have 4,680 rooms, including 120 examination and 9 operating rooms.

Increase in inorganic activity by market players is expected to drive the global nurse call system market over the forecast period. For instance, on December 13, 2021, Baxter, an American multinational healthcare company announced the acquisition of Hillrom, a medical technology provider in healthcare and manufacturer of nurse call system. This acquisition will help in transforming healthcare and advancing patient care worldwide.

Global Nurse Call System Market: Restraint

Low adoption of nurse call systems in emerging economies is expected to hinder growth of the global nurse call systems market. Moreover, shortage of nurses in emerging economies is also expected to limit the market growth. For instance, in April 2019, according to The Center for Disease Dynamics, Economics & Policy's April 2019 release, India has shortage of an estimated 600,000 doctors and 2 million nurses. Researchers have discovered that patients are not getting access to life-saving medications because there is a shortage of employees who are appropriately educated in giving antibiotics.