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The nurse call systems market size is projected to reach US$ 4.65 billion by 2031 from US$ 1.97 billion in 2023. The market is expected to register a CAGR of 11.3% during 2023–2031. The incorporation of AI, machine learning, and wireless technologies is likely to act as a future trend in the market.
Nurse Call Systems Market Analysis
The nurse call systems market is expanding due to technological advancements, increased demand for healthcare efficiency, and an aging population. Key players in the market are focusing on innovative, sustainable products to cater to the evolving needs as well as increasing demand for efficient healthcare services. In addition, developments in healthcare infrastructure in emerging countries act as an opportunity for the nurse call systems market growth.
Nurse Call Systems Market Overview
Asia Pacific is expected to register the highest CAGR in the nurse call systems market during the forecast period. Key market players operational in Asia Pacific are adopting strategies such as mergers, acquisitions, product launches, and fundraising to expand their presence. For instance, in August 2024, Fanvil Technology Co., Ltd., a China-based company, launched its latest update: Nurse Call System, V1.0 Beta. This update is packed with new features to provide nurse call and emergency call solutions for caregivers, elders, and patients. Furthermore, in August 2024, Mingke Technology launched its cutting-edge nurse call system designed to revolutionize the way healthcare providers communicate and respond to patient needs. This system integrates the latest advancements in communication technology and is set to significantly improve patient care, safety, and operational efficiency across hospitals and healthcare facilities.
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Nurse Call Systems Market: Strategic Insights
Market Size Value in US$ 1,342.70 Million in 2019 Market Size Value by US$ 3,243.34 Million by 2027 Growth rate CAGR of 11.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Nurse Call Systems Market: Strategic Insights
| Market Size Value in | US$ 1,342.70 Million in 2019 |
| Market Size Value by | US$ 3,243.34 Million by 2027 |
| Growth rate | CAGR of 11.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Nurse Call Systems Market Drivers and Opportunities
Rising Number of Assisted Living Centers Fuels Market Growth
As per the American Health Care Association, the US had ~30,600 assisted living centers in 2021 that owned approximately 1.2 million licensed beds. Nearly 56% of these were chain-affiliated communities (part of an organization managing at least two communities), and more than 40% were independently owned centers. According to the US Census Bureau's 2021 County Business Patterns Survey, states with the most assisted living communities include California (4,100), Washington (1,902), Florida (1,804), Texas (1,295), Wisconsin (1,272), and Oregon (1,208). Further, as per the Canadian Institute for Health Information, there were ~2,076 long-term care homes in Canada in 2021, of which 46% were publicly owned and 54% were privately owned. Ontario has 627 long-term care homes in total; 16% of these are publicly owned, 57% of the total are owned by private for-profit organizations, and 27% are owned by private not-for-profit organizations. Quebec has approximately 440 long-term care homes, including 88% publicly owned and 12% privately owned centers. Similarly, as per the Carehome UK, there are about 16,700 care homes in the UK. Of which, 70% of care homes are residential settings, while 30% are nursing homes.
Assisted living centers or assisted living communities generally serve people who require help in their daily activities and healthcare-related services. These centers or communities have secure premises that resemble homes, benefitting the occupants through independence, companionship, and privacy. Moreover, the diverse culture of residents and caregivers encourages socialization and friendly relations between them. Close monitoring of patients is required in assisted living centers. Various parts of these centers are equipped with nurse call systems to ensure residents' safety and well-being. The increasing number of assisted living centers is the key factor driving the growth of the nurse call system market, as these facilities continuously strive to improve residents' safety and care quality by adopting technologically advanced devices.
Developments in Healthcare Infrastructure in Emerging Markets to Generate Growth Opportunities
Emerging nations in Asia Pacific, the Middle East, and Latin America are heavily investing in their healthcare infrastructure. Governments of countries in these regions are making healthcare reforms and taking initiatives to improve access to quality healthcare. The Ayushman Bharat Health Infrastructure Mission is India's grand initiative to fortify its healthcare infrastructure, underscoring the country's dedication to wellness. The India Investment Grid (IIG) showcases 1,157 investment projects worth US$ 31.28 billion in the healthcare sector across all the states of the country. Further, as per the International Trade Administration, the Saudi Arabian Government plans to invest over US$ 65 billion under Vision 2030 to develop the country's healthcare infrastructure, reorganize and privatize health services and insurance, launch 21 "health clusters" across the country, and expand the provision of e-health services. Additionally, the country aims to raise the contribution of the private sector in healthcare from 40% to 65% by 2030, targeting the privatization of 290 hospitals and 2,300 primary health centers, thereby creating significant commercial opportunities for international companies to enter into its developing healthcare market. Thus, the flourishing healthcare sectors in developing countries are likely to create significant opportunities for the adoption of nurse call systems.
Nurse Call Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the nurse call systems market analysis are equipment, technology, application, and end user.
- The nurse call systems market, based on equipment, is segmented into integrated communication systems, button systems, mobile systems, and intercom systems. In 2023, the integrated communication systems segment held the largest share of the market.
- Based on technology, the market is segmented into wired systems and wireless systems. In 2023, the wired segment held a larger share of the market.
- By application, the market is segmented into emergency medical alarms, wanderer control, workflow support, and others. The emergency medical alarms segment dominated the market in 2023.
- Based on end user, the nurse call systems market is segmented into hospitals, nursing homes and assisted living centers, clinics, and others. In 2023, the hospital segment held the largest market share.
Nurse Call Systems Market Share Analysis by Geography
The geographic scope of the nurse call systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, South & Central America, and the Middle East & Africa. In terms of revenue, North America dominated the market in 2023. The US is the largest contributor to the nurse call systems market in this region. The market in the US is experiencing robust growth owing to rising incidence of Alzheimer's disease, growing penetration of various market players, and increasing number of assisted living centers across the country. Canada and Mexico are experiencing a rise in awareness programs and initiatives. These countries are also expected to face the increasing prevalence of dementia. In addition, the increase in medical tourism in Mexico is likely to enhance the growth of the nurse call systems market in this country during the forecast period.
Nurse Call Systems Market Report Scope
Nurse Call Systems Market News and Recent Developments
The nurse call systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
- Ascom, a global leader in healthcare communication and workflow solutions, signed a comprehensive framework agreement with Istekki, a significant Finnish healthcare organization. The 5-year agreement includes the installation of nurse call systems in acute and long-term care institutions, with an estimated value of EUR 6 million. (Source: Ascom Holding AG, Company Website, April 2024)
- Honeywell announced its commitment to developing technology-led solutions for the future of healthcare delivery. Building on its deep expertise in the hospital setting, Honeywell signed Memorandums of Understanding (MOUs) with two leading healthcare companies, which would be potentially followed by further collaborations in the US and around the world. The agreements provide a framework to co-innovate error-prone processes and tasks, enhance the patient experience, and improve operational agility through digitalization. (Source: Honeywell International Inc, Company Website, September 2022)
Nurse Call Systems Market Report Coverage and Deliverables
The "Nurse Call Systems Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Nurse call systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Nurse call systems market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Nurse call systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the nurse call systems market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Equipment ; Technology ; Application ; End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the market in 2023.
The rising number of assisted living centers, recent developments by market players, and increasing incidences of Alzheimer's disease are among the most significant factors fueling the market growth.
The incorporation of AI, machine learning, and wireless technologies is expected to be a prime trend in the market in the coming years.
Ascom Holding AG, Honeywell International Inc, Siemens AG, Ametek Inc, Austco Communication Systems Pty Ltd, Intercall Systems Inc., Schrack Seconet AG, TigerConnect, Securitas AB, and Baxter International Inc are among the key players in the market.
The nurse call systems market value is expected to reach US$ 4.65 billion by 2031.
The market is expected to register a CAGR of 11.3% during 2023–2031.
The List of Companies - Nurse Call Systems Market
- Ascom Holding AG
- Honeywell International Inc
- Siemens AG
- Ametek Inc
- Austco Communication Systems Pty Ltd
- Intercall Systems Inc.
- Schrack Seconet AG
- TigerConnect
- Securitas AB
- Baxter International Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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