Nurse Call System Market to Expand at A CAGR of 8.8%by 2028

Postado 2024-02-15 15:52:05

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Market Overview: The global market size for nurse call systems reached USD 1.61 Billion in 2020 and is projected to experience a revenue Compound Annual Growth Rate (CAGR) of 8.8% over the forecast period. Key drivers stimulating market growth include the increasing necessity to enhance communication between medical professionals, a growing emphasis on minimizing patient disturbances, and the higher adoption of real-time location systems. Furthermore, the rising demand to improve patient response times is anticipated to propel market expansion in the near future.

The nurse call system integrates an advanced communication network that automatically dispatches messages to doctors and nurses based on patient conditions. This innovative system also assesses the need for physician intervention and enhances communication efficiency when deployed in healthcare settings. Moreover, nurse call systems mitigate potential disruptions caused by patients, thereby fostering a smoother workflow for healthcare professionals.

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Market Dynamics: Driver: Increasing Adoption of Real-time Location Systems The growing deployment of real-time location systems and the rising demand for wireless technologies in various healthcare facilities are anticipated to drive market revenue growth. Real-time location systems enable healthcare facilities to monitor employee and equipment movements, thereby enhancing productivity. These systems also offer automated call solutions for nurses, further boosting efficiency. Additionally, real-time location systems accurately pinpoint the positions of healthcare staff and equipment within a facility, streamlining workflow processes.

Restraint: High Installation Costs of Nurse Call Systems The performance of a nurse call system is determined by factors such as software, hardware, and the level of employee training within a healthcare organization. Consequently, significant investments are required to effectively deploy and operate nurse call systems. The high installation costs associated with these systems may limit adoption among end-users and impede market revenue growth. Moreover, the shortage of qualified professionals capable of effectively collaborating with both healthcare and IT personnel to optimize nurse call systems is expected to hinder market growth to some extent in the near future.

Key Insights: Type Outlook: The global nurse call system market is segmented into integrated communication systems, button-based systems, intercom systems, and mobile systems. Integrated communication systems are expected to dominate the market share during the forecast period due to increased adoption of advanced technology, a heightened focus on patient satisfaction, improved nurse effectiveness, and the emergence of various platforms. Governments are investing in healthcare facilities to facilitate the implementation of state-of-the-art nurse call systems, driven by rapid technological advancements. These systems streamline communication by integrating advanced wireless devices with standard equipment, offering faster communication flexibility for patients and caregivers in healthcare organizations.

Application Outlook: Segmentation based on application includes wanderer control, alarms and communications, fall detection and prevention, and workflow optimization. The alarms and communications segment is expected to lead in revenue share during the forecast period, driven by the increasing use of these systems to enhance patient safety and simplify communication between nurses and patients.

Regional Outlook: North America is expected to dominate the nurse call system market in terms of revenue share over the forecast period. This is attributed to regulatory changes, modifications in reimbursement policies, and increased funding aimed at upgrading healthcare facilities with nurse call systems. Awareness programs conducted by developed countries' governments are also expected to bolster market growth in this region

Competitive Landscape: The global nurse call system market features moderate fragmentation, with several key players operating at both global and regional levels. These players are actively engaged in product development and strategic alliances to expand their product portfolios and strengthen their foothold in the global market. Major companies in this market include Ascom Holding AG, Rauland-Borg Corporation, Johnson Controls International Plc, Azure Healthcare Ltd., Siemens AG, West-Com Nurse Call Systems, Inc., Schrack Seconet AG, Cornell Communications, Tunstall Group Ltd., and Hill-Rom Holdings, Inc.

Segmentation Overview: The report provides historical data and forecasts revenue growth at the global, regional, and country levels, along with an analysis of market trends within each sub-segment from 2018 to 2028. The global nurse call system market is segmented based on type, technology, application, end-use, and region.

Type Outlook (Revenue, USD Billion; 2018-2028):

Integrated Communication Systems
Button-based Systems
Intercom Systems
Mobile Systems

Technology Outlook (Revenue, USD Billion; 2018-2028):

Wired Communication
Wireless Communication

Application Outlook (Revenue, USD Billion; 2018-2028):

Wanderer Control
Alarms & Communications
Fall Detection & Prevention
Workflow Optimization

End-use Outlook (Revenue, USD Billion; 2018-2028):

Clinics & Physician Offices
Long-term Care Facilities
Hospitals

Regional Outlook (Revenue, USD Billion; 2018-2028):

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA

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