Global Nurse Call Systems Market Forecast to 2024: A $2.49 Billion Opportunity - ResearchAndMarkets.com

DUBLIN--()--The "Nurse Call Systems Market by Type (Button,Integrated Communication System,Intercom,Mobile System),Technology (Wired,Wireless), Application (Alarm & Communication,Workflow Optimization,Fall detector),End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The nurse call systems market is projected to reach USD 2,490.6 million by 2024 from USD 1,601.9 million in 2019, at a CAGR of 9.2% from 2019 to 2024.

This report studies the nurse call system market based on type, technology, end-user, application, and region. The report also analyzes factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micro-markets with respect to their growth trends, prospects, and contributions to the total nurse call system market. The report forecasts the revenue of the market segments with respect to four major regions.

The major players operating in this market include Rauland-Borg Corporation (A division of AMETEK.Inc.) (US), Ascom Holding AG (Switzerland), Hill-Rom (US), Ackermann by Honeywell (Germany), Jeron Electronic Systems, Inc. (US), Johnson Controls International Plc (Ireland), Azure Healthcare Ltd (Australia), Siemens AG (Germany), SCHRACK SECONET AG (Austria), and Intercall Systems, Inc. (US). Product launches, expansions, agreements, and acquisitions are the key growth strategies followed by most players in this market.

Nurse call system market to register a CAGR of 9.2% from 2019 to 2024

The growth of the market is driven primarily by factors such as ease of communication, diverse applications of nurse call systems, and technological advancements in nurse call systems. The Increasing incidence of Alzheimer's disease and a growing number of assisted living centers are other key drivers of the market. Developing economies are expected to provide a wide range of growth opportunities for players in the market.

Wired communication accounted for a significant share of the market in 2019

By technology, the nurse call system market is segmented into wired and wireless communication. Wireless communication systems are anticipated to be the fastest-growing segment due to rapid advancements in wireless communication technologies. They have better integration capabilities compared to other technologies.

Alarms & communications segment accounted for the largest share of the nurse call system market in 2019

Based on application, the nurse call system market is segmented into alarms & communications, workflow optimization, wanderer control, and fall detection & prevention. Of these, the alarms & communications segment is expected to account for the largest share of the nurse call system industry due to their significant role in streamlining the communication between nurses, patient, and other caregivers and higher patient safety.

Hospitals & ASCs segment accounted for the largest share of the nurse call system market in 2019

Based on end-user, the nurse call system market is segmented into hospitals & ambulatory surgery centers (ASCs), long-term care facilities, and clinics & physician offices. Of all these end-user segments, hospitals & ambulatory surgery centers (ASCs) accounted for the largest share of the nurse call system market in 2019. The large share of this segment can be attributed to factors such as the optimal patient safety, streamlined communication between patients & clinicians, enhanced patient satisfaction, improved quality of care, and increased productivity of caregivers, among others.

North America dominated the nurse call system market in 2019

North America, which includes the US, Canada & Mexico, accounted for the largest share of the nurse call system market. The growing awareness and demand for nurse call systems, strict regulatory norms, improving healthcare infrastructure, and the presence of major manufacturers in the region, is expected to drive the market demand.

Market Dynamics

Drivers

  • Ease of Communication and Diverse Applications of Nurse Call Systems
  • Technological Advancements in Nurse Call Systems

Restraints

  • High Costs Involved in the Implementation of Nurse Call Systems
  • Unfavorable Regulations

Opportunities

  • Emerging Countries
  • Increasing Incidence of Alzheimer's Disease and Growing Number of Assisted Living Centers

Challenges

  • Integration and Interoperability of Nurse Call Systems

Trends

  • Interoperable Designs With Data Representation for Improved Workflows

Companies Profiled

  • Ackermann (by Honeywell)
  • Ascom Holding AG
  • Azure Healthcare Limited
  • Hill-Rom Holdings, Inc.
  • Intercall Systems, Inc.
  • Jeron Electronic Systems, Inc.
  • Johnson Controls International PLC
  • Rauland-Borg Corporation (A Subsidiary of Ametek Inc.)
  • Schrack Seconet AG
  • Siemens AG

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900