(EMAILWIRE.COM, July 18, 2019 ) A nurse call system is an emergency response procedure, which is an efficient and effective tool for communication between patients and hospital staff. Nurse call systems such as nurse call button, nurse call integrated communication system, nurse call mobile system, and nurse call intercom are used in hospitals, clinics and physician offices, assisted living centers and nursing homes, ambulatory care centers, and other end users. These instruments help in providing various applications such as emergency medical alarm, wanderer control, workflow support and fall detection. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

The global nurse call systems market is expected to reach USD 1.75 billion by 2021 from USD 1.12 billion in 2016, at a CAGR of 9.3%.

Market Dynamics
+ Drivers
+ Aging population and rising prevalence of chronic diseases
+ Increasing healthcare expenditure and insurance coverage
+ Investments in healthcare
+ Technological advancement and product development
+ Easy data availability for key healthcare personnel and departments

Aging Population and Rising Prevalence of Chronic Diseases and Investments in Healthcare Drives the Global Nurse Call Systems Market

The rising prevalence of chronic diseases is a key growth driver for this market. This is because the treatment of these diseases requires patients to stay in healthcare facilities for extended amounts of time for treatment; this directly contributes to the overall usage of nurse call systems. According to the CDC, as of 2012, about half the U.S. adult population-117 million-had one or more chronic health conditions. Furthermore, in 2014, the American Heart Association (AHA) released an annual snapshot from more than 190 countries, where heart diseases were found to be the leading cause of death (accounting for 17.3 million deaths a year). It is expected to rise to more than 23.6 million by 2030 (Source: Heart Disease and Stroke Statistics). With the rising prevalence of these diseases, the demand for nurse call systems will grow. This in turn will support the growth of the nurse call systems market.

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Japan, in particular, is expected to register a significantly high increase in its elderly population. According to the Japanese Journal of Health Economics and Policy (2011), the percentage of the population aged 65 years and above in Japan is expected to rise from 20.1% in 2005 to 40.5% by 2055. In a similar study by Eurostat, the above-65 age group in Europe is expected to increase from 18.5% in 2014 to 29.5% by 2060.

Cost-benefit analysis plays an important role in the design, development, and deployment of a successful nurse call system implementation strategy. This is because there is a possibility of implementation failure, due to non-compatibility with existing systems, which increases the financial risks for hospitals.

The presence of stringent regulatory frameworks and time-consuming approval processes for nurse call system products may deter research investments in this market and delay new product launches, thus negatively affecting the market.

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