Chat with us, powered by LiveChat

Nurse Call System Market (Type - Button Based Systems, Integrated Communication Systems, Mobile Systems, and Intercom Systems; Technology - Wired Communication, and Wireless Communication; Application - Alarms and Communications, Workflow Optimization, Wanderer Control, and Fall Detection and Prevention; End Use - Hospitals, Long Term Care Facilities, and Clinics and Physician Offices): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Nurse Call System Market (Type - Button Based Systems, Integrated Communication Systems, Mobile Systems, and Intercom Systems; Technology - Wired Communication, and Wireless Communication; Application - Alarms and Communications, Workflow Optimization, Wanderer Control, and Fall Detection and Prevention; End Use - Hospitals, Long Term Care Facilities, and Clinics and Physician Offices): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: HC08776 Category: Healthcare & Medical Devices Published: August, 2022

A recent report published by Infinium Global Research on the nurse call system market provides in-depth analysis of segments and sub-segments in the global as well as regional nurse call system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional nurse call system market over the short term as well as long term. The report is a comprehensive presentation of trends,forecast and dollar values of the global nurse call system market. According to the report, the global nurse call system market is projected to grow at a CAGR of 10.64% over the forecast period of 2022-2028.

 

Market Insight

The nurse call system market was valued at USD 1969.3 Million in 2022 and is expected to reach USD 3612.9 Million in 2028, with a CAGR of 10.64% during the forecast period. The nurse call system or devices are used in hospitals and nursing homes for communication purposes. It is the equipment used by a patient to alert or communicate with a caregiver. The patient has a nurse call button, which enables the patient to call for help or assistance by simply pressing a button. Furthermore, the workers can manage their workloads using a nurse call system. Nurse call systems give patients access to immediate and timely care. Especially in emergencies, a medical professional will have an accurate alert with the room and number of patients in bed, making things easier for the staff.


Nurse Call System Market

 

An increase in the geriatric population majorly drives the growth of the global nurse call system market. For instance, as per the population reference bureau report, “Aging in the United States,” on July 15, 2020, the number of Americans aged 65 and older was projected to increase more than double from 52 million in 2018 to over 95 million by 2060 and is expected to rise to around 23% from 16%. Furthermore, patients’ rise in healthcare expenditure and demand for better healthcare facilities contribute to the market’s growth. Moreover, advancements in nurse call systems devices and new product launches in the global market are anticipated to contribute to the market’s growth. In addition, an increase in the number of hospitals drives the market’s growth. For instance, according to the report of Interweave Healthcare, there were 1,229 hospitals in the U.K. in October, 2022which includes the NHS Trust-managed hospitals and the additional private hospitals currently operational. However, the cost of implementing the nurse call system is relatively high, which can hinder the market’s growth over the forecast period. Nevertheless, emerging countries like India, China, Brazil, Russia, and several countries in Latin America and Southeast Asia are expected to offer significant growth opportunities to players operating in the nurse call system market during the forecast period.

 

Region-wise, North America garnered a significant share in the nurse call system market in 2021 and is expected to dominate the global market during the forecast period, owing to the rise in prevalence of chronic diseases, presence of key players in the manufacturing of nurse call system devices, and well-established infrastructure in the region. North America is expected to dominate the nurse call system market over the forecast period due to the well-established healthcare system and the region’s high adoption of digital healthcare. The United States is expected to have the largest market share in this region due to better reimbursement facilities, such as Medicare. According to Medicare, approximately USD 2.1 billion in reimbursement costs can be saved by initiating nurse call systems in hospitals and care centers. There is an increased demand for mobility of nurse call systems, which has increased competition among the major players to offer a higher level of integrated nurse call systems. Hence, with the presence of well-established healthcare facilities and the growing demand for advanced healthcare systems among the aging population, along with the increasing prevalence of chronic diseases, the market in this region is expected to experience a boost during the forecast period. However, Asia-Pacific is expected to register the highest CAGR, increasing hospitals and a high population.

 

Segment Covered

The report on the global nurse call system market covers segments such as type, technology, application, and end use. On the basis of type, the sub-markets include button based systems, integrated communication systems, mobile systems, and intercom systems. On the basis of technology, the sub-markets include wired communication and wireless communication. On the basis of application, the sub-markets include alarms and communications, workflow optimization, wanderer control, and fall detection and prevention. On the basis of end use, the sub-markets include hospitals, long term care facilities, clinics, and physician offices.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Rauland Borg Corporation, Hill Rom Holdings, Inc., Ascom, Johnson Controls International Plc, Siemens AG, Ackermann by Honeywell, Jeron Electronic Systems, Inc., Stanley Healthcare, Vigil Health Solutions Inc., and Austco Healthcare Limited.


Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the nurse call system market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


CHOOSE LICENCE TYPE

Please Choose One of them.

© 2024. Infinium Global Research LLP. All Rights Reserved.