Nurse Call System Market to Surpass US$ 3,654.3 Million by 2030, Says Coherent Market Insights (CMI)
Transforming Patient Care and Workflow Efficiency: Innovations in Nurse Call Systems
Burlingame, Feb. 23, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global nurse call system market is estimated to be valued at US$ 1,904.1 million in 2022 and is expected to exhibit a CAGR of 8.5% during the forecast period (2022-2030).
Key Trends and Analysis of the global nurse call system market:
Major players operating in the market are focusing on getting certification for expansion of point of care solutions, which is expected to drive the growth of market over the forecast period. For instance, on March 2, 2020, Ascom is a global solution provider in the field of healthcare Information and Communication Technology (ICT) and mobile workflow solution, Ascom Myco 3 smartphone gets certification from Medical Information Technology, Inc. (MEDITECH) is a Massachusetts-based software and service company that develops and sells information systems for health care organizations for the expanse point of care Electronic Health Record (EHR) solution. This device enables nurses, therapists, aides, and other clinicians to complete most of task like receive alerts, document vitals and interventions, review records, and verify and administer medications on this device.
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Nurse Call System Market Report Coverage
Report Coverage | Details | |||
Base Year: | 2021 |
| Market Size in 2022: | US$ 1,904.1 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 | |
Forecast Period 2022 to 2030 CAGR: | 8.5% |
| 2030 Value Projection: | US$ 3,654.3 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: | Ascom Holding AG, Rauland-Borg Corporation, Hill-Rom Holdings, Inc., Cornell Communications, Inc., Jeron Electronic Systems, Inc., Tyco SimplexGrinnell, TekTone Sound & Signal Mfg., Inc., Vigil Health Solutions, Inc., Critical Alert Systems, LLC, Stanley Healthcare, Caretronic d.o.o., SIDDHANT MEDICAL ENGINEERING, FORBIX SEMICON, Crest Healthcare, Curbell Medical Products, Austco Healthcare Limited | |||
Growth Drivers: |
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Restraints & Challenges: |
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Key Market Takeaways:
The global nurse call system market is expected to exhibit a CAGR of 8.5% during the forecast period due to increasing prevalence of chronic diseases. For instance, according to American Society of Cancer, in January 2022, there will be estimated 1.9 million new cancer cases diagnosed in U.S. This will lead to an increase in investments in healthcare development across the world.
Among service model, nurse call buttons is expected to hold dominant position over the forecast period, owning to inorganic activities by market players. For instance, on January 6, 2022, Stryker which is medical technology company offering innovative product and service on orthopedic, Medical and Surgical, and Neurotechnology and Spine announced a definitive agreement to acquire Vocera Communications is a provider of clinical solutions and workflow solutions. Vocera communication solution can integrate with more than 150 clinical and operational system such a health records, nurse call systems, and ventilators
On the basis of type, wireless communication equipment segment is expected to hold a dominant position over the forecast period, owing to increasing in product launches by market players. For instance, on December 11, 2019, Tunstall Healthcare is a healthcare company which is specialized in digital health and care services launched advanced wireless and digital nurse call system. This new wireless system moves beyond traditional means of fixed call points. This product allows user to do emergency whereabouts.
Competitive Landscape:
Key players operating in the global nurse call system market include Ascom Holding AG, Rauland-Borg Corporation, Hill-Rom Holdings, Inc., Cornell Communications, Inc., Jeron Electronic Systems, Inc., Tyco SimplexGrinnell, TekTone Sound & Signal Mfg., Inc., Vigil Health Solutions, Inc., Critical Alert Systems, LLC, Stanley Healthcare, Azure Healthcare Limited, Caretronic d.o.o., SIDDHANT MEDICAL ENGINEERING, FORBIX SEMICON, Crest Healthcare, Curbell Medical Products, Austco Healthcare Limited
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Market Segmentation:
Global Nurse Call System Market, By Service Model:
Nurse Call Buttons
Nurse Call Intercoms
Nurse Call Mobile Systems
Nurse Call Integrated Communication Systems
Global Nurse Call System Market, By type:
Wired Communication Equipment
Wireless Communication Equipment
Global Nurse Call System Market, By End User:
Hospitals
OPD Clinics
Assisted Living Centers
Ambulatory Services
Global Nurse Call System Market, By Region:
North America
By Country
U.S.
Canada
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Region/Country
South Africa
Central Africa
North Africa
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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