Pune, India, Sept. 21, 2022 (GLOBE NEWSWIRE) -- The global nurse call systems market size was USD 1.41 billion in 2021. The market is projected to grow from USD 1.69 billion in 2022 to USD 4.07 billion by 2029, exhibiting a CAGR of 13.3% during the forecast period.
This information is provided by Fortune Business Insights™, in its report, titled, “Nurse Call Systems Market, 2022-2029.”
According to the research conducted by our research analysts, the rising work pressure of nurses and the reducing patient-to-nurse ratio is leading to the growing demand for nurse call systems in the healthcare market.
Industry Development
- November 2021: Austco Healthcare reintroduced its maintenance contract with Ng Teng Fong General Hospital (NTFGH). This will bring in new development prospects for both involved companies.
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Nurse Call Systems Market Report Scope & Segmentation :
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 13.3% |
| 2029 Value Projection | USD 4.07 Billion |
| Base Year | 2021 |
| Market Size in 2022 | USD 1.69 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 153 |
Driving Factors
Advent of Advanced Technologies in Communication Systems to Boost Nurse Call Systems Market
Progressions in communication and information technology hold the latent to be applied to an extensive assortment of development of nurse call systems that enable improved work and patient bed sanctioning, patient observing, the protection of nurse staff, and emergency administration among others. The expansions in advanced technologies, such as internet protocol systems and wireless technologies that involve mobile device integration have considerably swayed the global nurse call systems market growth.
Growing Ailments among Geriatric Population to Augur Growth
The rising requirement for wander management systems and patient observation in the old-age population is predicted to fuel the global nurse call systems market growth during the forecast period. Furthermore, growing life expectancy global has resulted in an upsurge in the global geriatric populace. The geriatric population is considerably greater in nations such as the U.S, Germany, Italy, and Japan. This has resulted in an augmentation in the demand for nurse call systems in nursing homes and caregiving facilities.
Inventive Launches by Prime Players to Spur Market Growth
The fundamental players embrace numerous tactics to bolster their position in the market as dominating companies. One such prime stratagem is procuring companies to boost the brand value among users. Another important strategy is intermittently unveiling inventive products with a methodical study of the market and its targeted users.
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COVID-19 Impact
COVID-19 Negatively Affected Global Market due to Limited Medical Access
The outbreak of the COVID-19 pandemic has affected the nurse call systems market adversely owing to numerous aspects. Few of the aspects involve production and supply chain issues hampering the installation of novel systems. The most general and undivided choices made by several supervisory bodies through several nations were the limitations of admission to caregivers & geriatric populace living amenities, where majority of the geriatric population lives. For example, the regulatory guidelines publicized by the World Health Organization (WHO), and the Centers for Disease Control and Prevention (CDC), initiated restrained admittance to these services to avert the further spread of the virus. This constrained the demand for the installation of nurse call systems and resulted in a sturdy unfavorable influence on the global market.
Segmentation
IP-based Nurse Call Devices to Display Considerable CAGR during Forecast Period
- Based on technology, the global market can be segmented into wired, and wireless technology.
- Based on product, the global market can be segmented into basic button-based systems, mobile/smartphone integrated systems, IP-based interconnectivity systems, and others.
- The basic button-based systems segment dominated the global nurse call systems market in 2021 with a market share of 43.8% due to its considerably higher adoption rate in emerging countries than other segments.
- Based on end-user, the global market can be segmented into hospitals, assisted living & nursing centers, home care settings, and others.
- On the basis of region, the global market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World.
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Regional Insights
North America to Lead Backed by Speedy Adoption of Calling System
North America held the largest nurse call systems market share and generated a revenue of USD 0.53 billion in 2021. It is predicted to emerge as a dominant region in the global market.
Asia Pacific is estimated to undergo extreme growth in nurse call systems market value across the regional section.
Europe is predicted to observe substantial global nurse call systems market growth. The high-growth nations, involving the U.K., France, and Germany would make a contribution to the growth of the nurse call systems market in the region.
Competitive Landscape
Prime Players Sign Considerable Bonds to Make Noticeable Changes in Market
The players functioning in the market often implement tactic tactics that will assist the market growth and product demand. Among the abundant tactics, one such remarkable strategy to extend the business prospect is engaging in multimillion deals with government bodies and safeguarding a lucrative revenue for their own company.
List of Key Players Covered in the Report
- JNL Technologies (U.S.)
- Cornell Communications (U.S.)
- Ascom Holding AG (Switzerland)
- Rauland (AMETEK, Inc.) (U.S.)
- Televic (Belgium)
- Jeron Electronic Systems, Inc. (U.S.)
- SCHRACK SECONET AG. (Austria)
- Honeywell International Inc. (U.S.)
- Azure Healthcare Limited (Australia)
- Hill Rom Services Inc. (U.S.)
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Table Of Contents :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments
- Key Market Trends
- Technological Advancements in Nurse Call Systems
- Impact of COVID-19 on the Market
- Global Nurse Call Systems Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- Wired
- Wireless
- Market Analysis, Insights and Forecast – By Product
- Basic Button Based Systems
- Mobile/Smartphone Integrated Systems
- IP Based Interconnectivity Systems
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Assisted Living & Nursing Centres
- Home Care Settings
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
- North America Nurse Call Systems Market Analysis, Insights and Forecast, 2019-2029
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- Wired
- Wireless
- Market Analysis, Insights and Forecast – By Product
- Basic Button Based Systems
- Mobile/Smartphone Integrated Systems
- IP Based Interconnectivity Systems
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Assisted Living & Nursing Centers
- Home Care Settings
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
- By Technology
- Canada
- By Technology
- U.S.
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