The nurse call system market in the US was valued around USD291 million in 2015 and is expected to surpass USD564 million by 2020, says Technavio.
Technavio has announced its latest market research report on nurse call systems for the forecast period, 2016-2020. This market analysis, under the patient monitoring devices vertical, discusses the major drivers and key emerging trends that will influence the growth of the NCS market in the US during the forecast period. Some of the top vendors listed in this industry analysis include Ascom, Jeron Electronic Systems, Rauland-Borg, and TekTone.
“The NCS market is witnessing the growing use of RTLS technology. Real-time locating system technology is integrated into pendants (with patient) and smartphones (with caregiver) to track the patients within the campus of healthcare facilities. It also monitors patients through workstations and smartphones. By transmitting the present location of a patient, RTLS helps reduce the time and work burden on care givers,” says Barath Palada, a lead analyst at Technavio for research on patient monitoring devices.
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This new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Growing demand for long-term care due to increase in older adult population
The expenses in SNFs and ALFs are four times greater than in community based care. To bear the average expense in SNFs and ALFs, it is expected that more number of people aged 65 years will be working by 2020. The rise in older population will increase the need for long-term care which will boost market growth. They may need the care provided by an ALF or an SNF, for instance, people with chronic and multiple disabilities choose an ALF to receive continuous healthcare.
Advances in technology
In recent years, technological revolutions have resulted in the development of new and improved NCS. Initially, only analog systems were available in the market, however, with advances in technology, digital equipment have replaced the analog systems. Besides this, wireless systems are replacing wired systems. Vendors have undertaken R&D to redesign and upgrade their NCS and enhance efficiency. NCS with features such as, enhanced patient-to-staff voice communication, wireless messaging, integration with EHR, assimilation with real-time locating systems, and management reporting have been developed to optimize staff efficiency and workflow, which will subsequently increase the adoption rate and drive market growth.
Improved effectiveness of healthcare organizations
NCS modernize and improve the quality of care in healthcare facilities by increasing the efficiency of the nursing staff. Patient safety and satisfaction have increased with the installation and adoption of NCS. These systems enhance connectivity between patients and nursing staff members, which in turn facilitates communication with a healthcare facility. The overall result is the creation of an environment that provides timely delivery of quality care to patients and is more conducive to improve patient outcome.
Some of the other prominent vendors identified in this report are Austco, Awarepoint, Azentro, Critical Alert Systems, Comm-Tronics, Cornell Communications, Elpas, Intercall Systems, Live Sentinel, Mircom, NiQ Health, Philips, Sonitor Technologies, Systems Technologies, Tyco SimplexGrinnell, WestCall, and York Electronic Systems.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘NCS Market in the US 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Personal Emergency Response System Market 2016-2020
- Nurse Call System (NCS) Market in the US 2015-2019
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