Nurse Call System Equipment Market to grow at 13.7 percent for the period 2012-2016
TechNavio today published its report on the Nurse Call System Equipment Market (NCS) in US, predicting that the market will be growing at 13.66 percent for 2012-2016.
Key factors like increasing elderly population who need assisted living facilities (ALFs) are driving the growth of this market. Furthermore, technological advancement in NCS is allowing the integration of NCS with up-to-date electronic technology.
Despite the presence of several growth drivers, the NCS Equipment market in the US is facing some major challenges. One of the key challenges facing this market is the lack of awareness of the technologies integrated in NCS equipment in the recent period. Healthcare organizations still do not consider NCS as an area for high investment. Issues with mobile communication, is another key challenge that is facing this market.
The report also focuses on some of the key trends like the integration of NCS equipment with wireless technologies, such as smartphones, Wi-Fi phones, and pocket pagers. Another major trend witnessed in this market is the increasing number of mergers and acquisitions in the NCS Equipment market in the US.
Number of ALFs 2012-2016
Source: TechNavio Analysis
Speaking on this occasion, one of the senior analyst and co-author of this report said, “The NCS Equipment market for ALFs in the US is expected to reach US$104.15 million by 2016. This is rising due to the increasing awareness among the people about the advantages of installing NCS equipment in ALFs. NCS equipment in ALFs enabling the nursing staff/caretaker to provide patients with assistance in day-day activities as and when required by the patient, and to provide best patient care during any emergency situation.”
He further added, “The NCS Equipment market for SNFs in the US on the other hand is expected to reach US$114.84 million by 2016. This is rising due to improvements in organizational effectiveness in healthcare facilities across the US, new technology equipment are being installed and upgraded in the SNFs for providing better patient care.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Nurse Call System Equipment Market in the US. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information on this topic and our upcoming research on https://www.technavio.com/report/nurse-call-system-equipment-market-us-2012-2016 please send an e-mail to enquiry@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
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