The size of the Latin American nurse call systems market is predicted to be growing at a healthy CAGR during the forecast period.
Speed of response to patient needs has become critical in the healthcare industry. Nurse call systems play an essential role in facilitating effective communication in health facilities. These systems enable personalized and optimized communication between patients, physicians, and caregivers, increasing patient satisfaction and improving the quality of care. Due to these characteristics, nurse call systems have become an essential part of a hospital communication system.
The increasing pressure to work on nurses and declining patient-to-nurse ratios have been major factors in the growing demand for nurse call systems in the Latin American region. In addition, continuous technological advancements such as increasing adoption of digital health devices, increasing demand for patient safety facilities, and growing trend among the elderly for home care is expected to accelerate the market growth during the forecast period. Continuous modification and updating of technology are major drivers of the nurse call systems market.
Furthermore, the integration of advanced technologies such as Internet Protocol-based systems and wireless communications has significantly reduced the margin for human error. The increase in the geriatric population and patients with neurological disorders is expected to add fuel to the growth rate of the Latin American nurse call systems market. As a result, there is an increased demand for nurse call systems in nursing homes and assisted living facilities.
Current nurse call systems in Latin America are based on customer requirements. The market for nurse call systems is very competitive. With the increasing digitization of healthcare, several small and medium enterprises are entering the market to expand their presence in this growing market.
The few other constraints facing the nurse call systems market are the increase in the number of patients in the face of rising operating costs and tight budgets, related to integration and interoperability, lack of trained professionals who can operate smoothly for the market to reach their true potential. One of the other significant challenges the Nurse Call Systems market faces is the stringent rules and regulations around the world regarding ambiguities associated with the environment.
Impact of COVID-19 on the Latin America nurse call systems market:
The pandemic has wreaked havoc on healthcare systems worldwide, with hospitals overwhelmed as the number of patients continues to rise. To cope with the increasing incidence of disease, temporary hospitals are also being built. However, temporary hospitals do not have the necessary facilities to facilitate contact between nurses and patients. The growing demand for remote care and the prevalence of COVID-19 has resulted in the growth of medical facilities and improved communication systems. To provide adequate solutions to the COVID-19 pandemic, many players in the nurse call systems market are introducing advanced and improved product features. As a result, substantial growth and adoption are expected in this market segment in the coming years.
This research report on the Latin America nurse call systems market has been segmented and sub-segmented into the following categories.
By End User:
During the forecast period, the Latin American nurse call systems market is expected to perform well. The Brazilian market in this region is expected to lead due to the improved healthcare facilities. Countries such as Mexico, Argentina, and Columbia are predicted to account for a substantial share in the Latin American market between 2022 and 2027. The nurse call systems market in Argentina is majorly driven by the increased demand for mobility of nurse call systems, which has increased competition among major players to offer a higher level of integrated nurse call systems. A healthy growth rate is expected in this region during the forecast period. Due to moderate healthcare facilities and the increasing demand for advanced healthcare systems among the aging population, coupled with the increasing prevalence of chronic diseases, the nurse call systems market in Mexico is expected to experience a boost during the period forecast.
KEY MARKET PLAYERS:
A few of the noteworthy companies in the Latin American nurse call systems market covered in this report are Ascom Holding AG, Honeywell International Inc., Siemens, Austco Healthcare, and others.
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