According to a new report published by Allied Market Research, titled, “Nurse Call Systems Market by Technology, Equipment Type, End User, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030″, the global nurse call systems market size was valued at $1,626.72 million in 2020, and is projected to reach $3,643.55 million by 2030, registering a CAGR of 8.39% from 2021 to 2030“. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Nurse call systems are installed in hospitals to manage workload of healthcare workers and to ensure quick assistance to patients. Nurse call system plays an important role in emergency cases, as the system provides quick signal along with patient’s room and bed number. These systems have eradicated communication challenges and upgraded nursing workflow in healthcare organizations.
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Factors that drive the growth of the nurse call systems market include the rise in number of hospitals, increase in healthcare expenditures by peoples, and advancement in nurse call systems devices. In addition, increase in number of chronic diseases such as cancers have contributed in growth of market.
Furthermore, increase in geriatric population contributes in the growth of the nurse call systems market. For instance, as per the population reference bureau report, “Aging in the United States,” dated July 15, 2019, number of Americans aged 65 and older is 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%
By end-user, the market is divided into hospitals, ambulatory surgical centers & clinics, and nursing homes & assisted living centres. The hospitals segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to the increase in number of hospitals.
By application, the market is divided into emergency medical alarms, wanderer con, workflow support, and others applications. The emergency medical alarms system segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to the increase in chronic diseases.
Comprehensive competitive analysis and profiles of major market players, such as, Ametek Inc., Ascom Holding AG, Austco Healthcare limited, Cornell Communications Inc., Hill-Rom, Holdings Inc., Honeywell International Inc., Jeron Electronic System Inc., Johnson Control, Stanley Healthcare, and Vigil Health Solutions Inc.
Key Findings Of Study
- On the basis of technology, the wireless segment was the highest contributor to the market in 2020.
- On the basis of equipment type, buttons segment dominated the market in 2020.
- By on end-user, hospitals segment dominated the market in 2020.
- By application, emergency medical alarms segment was the highest contributor to the market in 2020.
- On the basis of region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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