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.
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.
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.
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.
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.
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.
Please Choose One of them.