NURSE CALL SYSTEM MARKET ANALYSIS
Global Nurse Call System Market – Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.
COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another.
However, the COVID-19 pandemic had a positive impact on the nurse call system market, owing to decrease in the annual revenue of market players in FY 2020. For instance, Austco Healthcare Limited, a key company in global nurse call system market reported a decrease of 17.1% in revenue compared to 2019.
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