Nurse Call Systems Market Plying for Significant Growth During (2020-2027)

Press Release

“The global nurse call systems market accounted to US$ 1,252.65 Mn in 2018 and is expected to grow at a CAGR of 10.3% during the forecast period 2020 – 2027, to account to US$ 2,936.83 Mn by 2027.” The Asia Pacific nurse call systems market is expected to grow at highest rate during the forecast period owing to driving factors such as significant rise in the incidences of the Alzheimer’s disease and other dementia, presence of the market and developments done by them. The market is also experiencing the growth of the assisted living centers that are likely to drive the growth of the Asia Pacific region.

Increasing Incidences of Alzheimer’s Diseases is expected to boost the market growth over the years

Alzheimer’s diseases is form of dementia and is a progressive disorder which eventually results in the loss of memory and deterioration in cognitive skills. The disease among the six leading causes of death in United States. According to the recent data published in 2019 by Alzheimer’s Association states that approximately 5.8 million Americans are suffering with Alzheimer’s and the number is expected to rise approximately up to 14 million by 2050.

For More Information Ask For Sample Report @  https://www.theinsightpartners.com/sample/TIPHC00002562/

Company Profiles

  • Ascom Holding AG
  • Honeywell International Inc.
  • Siemens AG
  • Azure Healthcare
  • Intercall Systems Inc.
  • SCHRACK SECONET AG
  • STANLEY Healthcare
  • Critical Alert Systems.
  • Hill-Rom Services Inc.
  • Rauland

In addition, it is also stated that from 2000 to 2017 the deaths due to Alzheimer’s disease has grown by 145%, one in every three senior person dies with the disease or the other form of the dementia. The cost incurred in the disease are rising in the region. It was estimated that by 2019 Alzheimer’s and other form of dementias will cost nearly US$ 290 billion and it is also estimated that by 2050 the cost can rise roughly up to US$ 1.1 trillion. For the seniors citizens living with the dementia are provided care of nearly 18.5 billion hours which is fairly valued approximately US$ 234 billion.Thus, the increasing incidences of Alzheimer’s diseases poses several opportunities for the nurse call systems market to grow during the forecast period.

Growing Numbers of Assisted Living Centers

Assisted living centers or the assisted living communities generally serve the people who requires help for their daily activities and some of the healthcare services. The centers or the communities are combination of the independence, companionship, privacy and have security and premises that resembles like homes. The rise in the Alzheimer’s diseases are leading to the growth of the assisted living care, there are approximately 28,9000 assisted living centers owing approximately 1 million licensed beds in the United States. The average number of the licensed beds in an assisted living center is 33.

In US, there are approximately, 42% of assisted living centers that are run independently and rest are organization with two or more communities that work together. The paying for the care is comparatively less than the average cost of a homemaker services. The average cost per year is approximately US$ 48,000 on the other hand the homemaker service cost is US$ 48,048 or for the home health aide is approximately US$ 50,336. Majority of the assisted living centers utilized some form of private funds to pay for the care services. Thus, the growing number of assisted living centers is expected to create a demand for the nurse call systems across the world.

Purchase this Premium Report @  https://www.theinsightpartners.com/buy/TIPHC00002562/

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the nurse call systems market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global nurse call systems market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Contact Us

Contact Person: Sameer Joshi

Phone: +1-646-491-9876

Email Id: [email protected]

About The Insight Partners:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Related posts