The 2018 global nursing market was $ 1,252.65 million and is expected to grow 10.3% over the forecast period of 2019-27. And reach $ 2,936.83 million by 2027.
The key drivers of the market are the increasing incidence of Alzheimer's disease in the region and the increasing support of the state in each country. In addition, the presence of various market players and the increasing number of residential service centers around the world should contribute to the growth of the market. But factors such as higher costs of the nursing call system and installation fees are expected to hinder the growth of the global nursing system market.
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Key players in the Nursing Systems market are Ascom, Honeywell International Inc., Siemens AG, Azure Healthcare, Intercall Systems Inc., SCHRACK SECONET AG, STANLEY Healthcare, Critical Alert Systems, Hill-Rom Services Inc. and Rauland.
Market participants focus on introducing new and innovative products to maintain their position in the market. For example, in January 2019, Rauland-Borg Corporation launched the true next-generation platform of the entire Responder Nursing Intelligent Solution Company. The solution helped streamline clinical workflows and allowed hospitals to optimize their patients' outcomes.
Key factors affecting market growth are the increasing incidence of Alzheimer's disease throughout the region and the increasing support from the state in each country. In addition, the presence of various market players and the increasing number of residential service centers around the world should contribute to the growth of the market.
The increasing incidence of Alzheimer's disease drives the Nursing System market over the forecast period.
The global Nursing Calling Nurses market is divided into integrated communication systems, key systems, mobile systems and intercoms. By 2018, the integrated communications systems segment had the largest market share of devices. In addition, the demand for nursing systems in this market segment is expected to increase the fastest from 2019 to 2027, with a CAGR of 10.7%.
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Strategic acquisitions and product launches have been recognized as the most used strategy in the global nursing industry. Listed below are some new recent product launches, approvals and product acquisitions.
In 2019, Critical Alert Systems announced a partnership with Bernoulli Health, the developer of Bernoulli One. The platform combines Bernoulli One patient-generated data in real-time, including live streaming waveforms and alarm notifications intelligently aggregated and filtered from multiple physiological devices and EHRs, with critical employee alerting, advanced policy and distribution guidance.
2018: Ascom Holding AG with Dräger AG & Co. KGaA has introduced an integrated clinical alarm management solution in North America. The solution was introduced by Uncom Connect by Ascom and obtained FDA approval for distribution in the US. The product is also available in the Canadian market.
2017: Beacon Communications, LLC partners with STANLEY Healthcare Connected to offer STANLEY Healthcare & # 39; s Senior Living solutions to new and existing Western U.S. customers, including Arial Emergency and WanderGuard BLUE Remote Management.