April 01, 2022
According to the business intelligence report titled ‘Nurse Call Systems Market Size By Technology (Wired Communication Equipment, Wireless Communication Equipment), By Product (Button Systems, Mobile Systems, Intercom Systems, Integrated Communication Systems), By Application (Fall Detection & Prevention, Workflow Support, Wanderer Control, Alarms & Communications), By End-use (Hospitals, Nursing and Assisted Living Centers, Home Care Settings), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport , nurse call systems market is predicted to garner strong returns through 2027.
Decisive findings by industry veterans opine that lack of qualified and trained nurses, mounting geriatric population, technological advancements in nurse call systems, and burgeoning government expenditure in the healthcare sector are the major factors driving nurse call systems market growth.
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For the unversed, nurse call systems enhance communication between medical practitioners and patients, thereby facilitating improved operational efficiency and client satisfaction.
Moving on to product segmentation, the integrated communication systems sub-segment amassed a substantial valuation of USD 561 million in 2020 and is expected to progress at a CAGR of over 10.5% through the analysis timeline.
Based on technology, the wired communication equipment segment garnered a valuation of more than 896 million in 2020 and is anticipated to showcase a year-over-year growth rate of 10.1% over the evaluation period. This growth trend can be credited to the emergence of advanced wired nurse call systems that furnish precise and accurate outcomes in patient care.
From the application perspective, the nurse call systems market from the alarm and communications sub-segment achieved a renumeration of USD 595 million in 2020 and is predicted to record a CAGR of 10.5% during the assessment timeframe, attributable to burgeoning product uptake to alert caregivers in emergency situations.
Speaking of end user scope, the hospitals sub-market amounted for a substantial valuation of USD 1037 million in 2020 and is projected to record a robust growth rate in the upcoming years, attributable to the availability of highly skilled medical practitioners, quick results and towering success rate.
From a regional standpoint, Latin America nurse call systems market amassed a valuation of USD 94 million in 2020 and is likely to expand at a CAGR of around 11.3% during the review period. This growth trend can be accredited to mounting inclination towards advanced nurse call systems and booming geriatric population in the landscape.
The competitive terrain of this business sphere is defined by major players such as Cornell Communications, Honeywell International Inc., Hill-Rom Holdings Inc., Schrack Seconet AG, Meeyi, West-Com Nurse Call Systems, Inc., Austco Healthcare Ltd., Rauland-Borg Corporation, Ascom Holding AG, and Stanley Healthcare are the prominent players influencing the market dynamics.