The objective of the study is to analyze the key market dynamics, such as drivers, opportunities, restraints, challenges, and key player strategies. To track company developments such as acquisitions, product launches, collaborations, agreements, and partnerships of the leading players, the competitive landscape of the nurse call systems market to analyze market players on various parameters within the broad categories of business and product strategy. Top-down and bottom-up approaches were used to estimate the market size. To estimate the market size of segments and subsegments, the market breakdown and data triangulation were used.
The four steps involved in estimating the market size are
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as assess prospects.
The following is a breakdown of the primary respondents:
Breakdown of Primary Participants:
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Companies are classified into tiers based on their total revenues. As of 2022/2023, Tier 1 = >USD 100 million, Tier 2 = USD 10 million to USD 100 million, and Tier 3 = <USD 10 million.
To know about the assumptions considered for the study, download the pdf brochure
|
COMPANY NAME
|
DESIGNATION
|
|
Tunstall Group
|
Business Development Manager
|
|
Vigil Health Solutions, Inc.
|
Consultant
|
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the nurse call system market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
-
The key players in the industry have been identified through extensive secondary research
-
The revenues generated by leading players operating in the nurse call systems market have been determined through primary and secondary research.
-
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Nurse Call Systems Market Size: Bottom Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Global Nurse Call Systems Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size by applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
A nurse call system is an emergency response instrument, which is an efficient and effective tool for communication between patients and hospital staff. Nurse call systems such as nurse call buttons, nurse call integrated communication systems, nurse call mobile systems, and nurse call intercoms are used in hospitals, clinics & physician offices, assisted living centers & nursing homes, and ambulatory care centers, among others. These instruments are used for various applications such as emergency medical alarms, wanderer control, workflow support, and fall detection.
Key Stakeholders
-
Senior Management
-
End User
-
Finance/Procurement Department
-
R&D Department
Report Objectives
-
To define, describe, segment, and forecast the nurse call systems market by type, technology, application, end user and region
-
To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
-
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
-
To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
-
To forecast the size of the market segments with respect to six regions, namely, North America, Europe, the Asia Pacific, Middle East & Africa, Latin America, and GCC countries
-
To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
-
To track and analyze company developments such as product launch, acquisition, agreement, partnership and collaboration in the nurse call systems market
-
To benchmark players within the nurse call systems market using the Company Evaluation Matrix framework, which analyzes market players on various parameters within the broad categories of business strategy, market share, and product offerings
Available Customizations
MarketsandMarkets offers the following customizations for this market report.
Country Information
-
Additional country-level analysis of the nurse call systems market
Company profiles
-
Additional five company profiles of players operating in the nurse call systems market.
Product Analysis
-
Product matrix, which provides a detailed comparison of the product portfolio of each company in the nurse call systems market
Growth opportunities and latent adjacency in Nurse Call Systems Market