Nurse Call Systems market
Number of pages: 100 | Report Format: PDF | Published date: February 07, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 1.62 billion |
|
Revenue Forecast in 2030 |
US$ 4.9 billion |
|
CAGR |
13.10% |
|
Base Year for Estimation |
2021 |
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Forecast Year |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Technology, Product, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global nurse call systems market was valued at US$ 1.62 billion in 2021 and is expected to register a revenue CAGR of 13.10% to reach US$ 4.9 billion by 2030.
Nurse Call Systems Market Fundamentals
A nurse call system is a medical communication device mostly used in hospitals and clinics to give the emergency alarm to the nurse and doctors to provide immediate assistance and support to the patient. Nurse call systems are mostly used in the emergency care division, where critical patients are kept. The nurse call system helps call nurses to give an alert about a patient's IV removable, medical emergency, and other clinical conditions.
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Nurse Call Systems Market Dynamics
The increasing prevalence of chronic and infectious diseases, the growing geriatric population, and the rising number of hospitals and clinics mainly drive revenue growth in the global nurse call systems market. Additionally, the introduction of novel products and increasing technology adoption in hospitals and clinics contribute to the revenue growth of the global nurse call systems market. Moreover, growing demand for home care facilities and nursing home are fueling the global nurse call systems market revenue growth.
However, the high cost of nurse call systems and low adoption rate in underdeveloped countries are holding back the revenue growth of the nurse call systems market to some extent.
Nurse Call Systems Market Ecosystem
The global nurse call systems market has been analyzed from four perspectives: technology, product, end user, and region.
Nurse Call Systems Market by Technology
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Based on the technology, the global nurse call systems market has been segmented into wireless and wired.
The wired nurse call systems segment dominates the global nurse call systems market owing to less cost of the device than wireless devices, increasing adoption of wired nurse call systems in hospitals and clinics due to its high security, easy connection, and fewer errors. Additionally, the introduction of novel wired nurse call systems, the high presence of key players, and a strong product portfolio are boosting the revenue growth of the wired segment of the global nurse call systems market.
Conversely, wired nurse call systems can be complex to install, as they require running wires through walls and ceilings to connect the various components of the system. Installing a wired nurse call system can be expensive, as it requires the installation of physical wiring throughout the facility. Wired nurse call systems can limit mobility, as the patient is tethered to the call station by a physical wire. This can make it difficult for patients to move around their room or home. Wired nurse call systems can be expensive to maintain and repair, as they require physical access to the wiring and components of the system. They can be vulnerable to damage from physical impacts, water, or other environmental factors. Moreover, they can be difficult to scale, as adding additional call stations or components to the system requires the installation of additional physical wiring. Wired nurse call systems can be limited in their compatibility with other healthcare technologies, such as electronic health records (EHRs) and telehealth systems. Despite these disadvantages, wired nurse call systems can still be a good choice for some healthcare facilities, depending on their specific needs and requirements.
The wireless segment is also expected to register revenue growth at the highest CAGR during the forecast period owing to the increasing adoption of novel devices in developed countries, easy accessibility of devices on mobile, and the introduction of novel products.
Nurse Call Systems Market by Product
Based on the application, the global nurse call systems market is segmented into basic button-based, mobile integrated, and Ip-based systems.
The basic button-based systems segment leads the global nurse call systems market in terms of revenue share. This can be ascribed to increased popularity of these devices as they are easily operatable for patients and relatives, and are available at low costs. Additionally, the high adoption rate by hospitals due to less maintenance cost, easy operation, and replacement are boosting the revenue growth of the global basic button systems market.
Nurse Call Systems Market by End User
Based on the end user, the global nurse call systems market has been segmented into hospitals, clinics, nursing centers, home care settings, and others.
The hospitals and clinics segment leads the global nurse call systems market owing to increasing patient footfall in hospitals for treatment and emergency care and high adoption of devices to increase patient hospital experience and safety. Additionally, the presence of stringent regulations about patient safety and the need for these devices in critical patient care contribute to the revenue growth of the hospital and clinic segment.
Nurse Call Systems Market by Region
Based on the region, the global nurse call systems market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the global nurse call systems market in terms of revenue share. The large share of North America in the global market can be attributed rising prevalence of chronic diseases, the growing adoption of novel devices, and the increasing number of hospitals and clinics in the region. Additionally, developed infrastructure, advanced healthcare systems, and growing healthcare expenditure are boosting the North America nurse call systems market revenue growth.
The nurse call systems market in Asia Pacific has been growing in recent years, driven by factors such as the increasing aging population, growing demand for home healthcare services, and technological advancements in developing countries of the region. The demand for home healthcare services is growing in Asia Pacific, driven by factors such as the aging population and increasing awareness of home healthcare services. This is driving the demand for home care nurse call systems, as they provide a convenient and reliable way for patients to receive care at their own homes. Advancements are influencing the nurse call systems market in the Asia Pacific region in technology, such as the integration of nurse call systems with other healthcare technologies, such as electronic health records (EHRs) and telehealth. The increase in healthcare spending in the Asia Pacific region is driving demand for nurse call systems, as healthcare providers seek to improve patient safety and quality of care. Wireless nurse call systems are becoming increasingly popular in Asia, as they offer improved mobility and faster response times compared to traditional wired systems. The market in Asia Pacific has registered significant revenue growth owing to increase in government support for healthcare in recent years, which is driving the demand for nurse call systems and other healthcare technologies. Despite these trends, the nurse call systems market in the Asia Pacific region faces challenges, such as high costs and data security concerns.
Nurse Call Systems Market Competitive Landscape
The prominent players operating in the global nurse call systems market are:
Nurse Call Systems Market Strategic Developments
North America and Asia Pacific are the key revenue growth regions in the global nurse call systems market.
The increasing prevalence of chronic and infectious diseases, technological advancements, and the introduction of novel products are the key driving factors for the global nurse call systems market.
The global nurse call systems market is expected to register a revenue CAGR of 13.1% during the forecast period from 2022 to 2030.
The global nurse call systems market is estimated to reach US$ 4.91 billion by 2030.
Ascom Holding AG, Austco Healthcare, Cornell Communications, Critical Alert Systems LLC, and Hill-Rom Holding, Inc. are among the top players operating in the global nurse call systems market.
*Insights on financial performance are subject to the availability of information in the public domain