Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12 Billion | USD 18 Billion | 7.03% | 2022 |
The global nurse call systems market size was evaluated at $12 billion in 2022 and is slated to hit $18 billion by the end of 2030 with a CAGR of nearly 7.03% between 2023 and 2030.
Nurse call system is an instrument utilized by a patient for communicating with the caretaker. The patient has a nurse call button, which can help the patient in calling for assistance by pressing a button in a hospital or clinic. Moreover, the nurse call system assists healthcare service providers in effectively managing their workload. Reportedly, the nurse call systems provide the patients with quick access and timely care. In addition to this, in case of emergency situations, a healthcare expert can have an apt alert in the hospital room and can attend to patients on time.
Rise in healthcare spending to boost the global market size in the coming years
The expansion of the nurse call systems market across the globe is majorly influenced by an increase in aging population. Moreover, a surge in healthcare expenditure by the government, favorable compensation policies, and the need for better healthcare amenities will translate into humongous market demand globally. Adding new features to nurse call systems along with product innovations is likely to contribute lucratively to the growth of the global market revenue in the ensuing years. A prominent increase in the new hospitals, ambulatory surgical centers, and healthcare unit establishments and the growing need for effective & emergency medical treatments in these hospitals has culminated in massive demand for nurse call systems, thereby proliferating the global market size. New product launches are set to boost the global market earnings in the coming years. For instance, Tunstall Group introduced a new nurse call system referred to as Tunstall Carecom in the UK.
High initial investment costs can put brakes on global industry growth
Huge initial costs of implementing nurse call systems can put brakes on the global nurse call systems industry growth.
Beneficial product features can open new growth avenues for the global market
User–friendly features and a slew of applications of the products in the healthcare sector will embellish the growth opportunities for the global nurse call systems market in the upcoming years.
Stringent regulations controlling product use can prove as a huge challenge for the global industry
Strict laws governing the use of nurse call systems in hospitals & clinics will prove to be a huge challenge in the growth of the global nurse call systems industry.
The global nurse call systems market is sectored into type, technology, application, end-user, and region.
In technology terms, the global nurse call systems market is segregated into wired communication and wireless communication segments. Furthermore, the wireless communication segment, which gathered nearly 37% of the global market revenue share in 2022, is projected to register the highest CAGR in the ensuing years. The growth of the segment in the estimated timeline can be due to breakthroughs in wireless communication technologies leading to their huge demand across various healthcare units.
Based on the end-user, the global nurse call systems industry is sectored into hospitals, assisted living & nursing centers, and home care settings segments. Moreover, the hospitals segment, which garnered a huge chunk of the global industry revenue share in 2022, is projected to lead the global industry over the analysis timeframe. The segmental expansion over the assessment period can be owing to the growing need for patient security and enhancing the efficiency of caretakers & nursing staff in hospitals.
Based on the application, the global nurse call systems market is divided into alarms & communications, workflow optimization, wanderer control, and fall detection & prevention segments. Moreover, the alarms & communications segment, which accounted notably for the global industry revenue share in 2022, is projected to lead the global industry over the analysis timeline. The segmental growth over the assessment timeline can be attributed to the ability of nurse call systems to effectively streamline communication between patients and nurses, thereby ensuring timely & real-time treatment of patients.
Based on the type, the global nurse call systems industry is divided into button-based systems, integrated communication systems, mobile systems, and intercom systems.
Report Attributes | Report Details |
---|---|
Report Name | Nurse Call Systems Market |
Market Size in 2022 | USD 12 Billion |
Market Forecast in 2030 | USD 18 Billion |
Growth Rate | CAGR of 7.03% |
Number of Pages | 221 |
Key Companies Covered | Baxter International Inc., Grifols, Jeron Electronic Systems Inc., Siemens AG, Intercall Systems Inc., Stanley Healthcare, Critical Alert Systems LLC, West-Com Nurse Call Systems Inc., CVS Health Corporation, and others. |
Segments Covered | By Type, By Technology, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is anticipated to maintain global market domination over the anticipated timespan
North America, which contributed about half of the global nurse call systems market revenue in 2022, is likely to retain its market dominance over the projected timespan. Furthermore, the regional market growth can be due to rising awareness about benefits offered by nurse call systems among healthcare service providers and patients.
Asia-Pacific nurse call systems industry is set to register the fastest CAGR in the forthcoming years owing to the presence of strong healthcare systems and key product manufacturers in countries such as India and China.
The global nurse call systems market profiles key players such as:
By Type
By Technology
By Application
By End-User
FrequentlyAsked Questions
Nurse call system is an instrument utilized by a patient for communicating with the caretaker.
The global nurse call systems market growth can be owing to a surge in healthcare expenditure by the government, favorable compensation policies, and the need for better healthcare amenities.
According to a study, the global nurse call systems industry size was $12 billion in 2022 and is projected to reach $18 billion by the end of 2030.
The global nurse call systems market is anticipated to record a CAGR of nearly 7.03% from 2023 to 2030.
The Asia-Pacific nurse call systems industry is set to register the highest CAGR over the forecasting timeline owing to the presence of strong healthcare systems and key product manufacturers in countries such as India and China.
The global nurse call systems market is led by players such as Baxter International, Inc., Grifols, Jeron Electronic Systems, Inc., Siemens AG, Intercall Systems, Inc., Stanley Healthcare, Critical Alert Systems LLC, West-Com Nurse Call Systems, Inc., and CVS Health Corporation
The nurse call systems market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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