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The global nurse call systems market size was USD 1.62 billion in 2022. Fortune Business Insights™, in its report, titled, “Nurse Call Systems Market Size, Share & COVID-19 Impact Analysis, By Technology (Wired and Wireless), By Product (Basic Button Based Systems, Mobile Integrated Systems, IP Based Systems, and Others), By End-user (Hospitals, Assisted Living and Nursing Centers, Home Care Setting, and Others), and Regional Forecast, 2023-2030” states that the market is projected to grow from USD 1.86 billion in 2023 to USD 4.47 billion by 2030, exhibiting a CAGR of 13.4% during the forecast period. The growing necessity for workforce optimization in hospitals and critical care facilities could be administered by the incorporation of technologically advanced nurse communication systems.
Honeywell Extends Life Sciences and Software Competences Through Attainment of Sparta Systems
Honeywell declared that it has decided to procure confidentially held Sparta Systems for USD 1.3 billion in a complete cash deal from New Mountain Capital. Sparta Systems is a dominating supplier of enterprise quality management software (QMS), involving a next-generation SaaS platform, for the life sciences market. The procurement further fortifies Honeywell's leadership in industrial automation, digital modification solutions, and enterprise performance management software.
Supply Chain Disturbances Hampered Market Expansion Amid the Pandemic
The outbreak of the COVID-19 pandemic has influenced the nurse call systems market adversely owing to several aspects. Few of the aspects involve production and supply chain issues hampering the installation of novel systems. The most generic and unanimous judgments undertaken by numerous regulatory authorities across numerous nations were the limitations of admission to aided care & senior living amenities, where a majority of the geriatric population lives. Moreover, the pandemic affected nurse call systems sales negatively worldwide. For example, Ascom recorded a 0.7% fall in revenue in 2020 as compared to FY 2019.
Growing Ailments Among Geriatric Population and Rising Life Expectancy Worldwide to Aid Market Expansion
The rising requirement for wander management systems and patient observation in the old-age population is predicted to fuel the global nurse call systems market growth during the forecast period. Furthermore, growing life expectancy globally has resulted in an upsurge in the global geriatric populace. The geriatric population is considerably greater in nations such as the U.S, Germany, Italy, and Japan. The rising preference for long term in-home care treatment and recovery among geriatric population has resulted in an augmentation in the demand for these systems in nursing homes and caregiving facilities thus aiding market proliferation.
On the other hand, the high costs associated with installation and maintenance of nurse call systems especially in emerging economies will hinder market augmentation.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/industry-reports/nurse-call-systems-market-100274
Inventive Launches by Prime Players to Spur Market Growth
Key players embrace numerous tactics to bolster their position in the market as dominating companies. One such prime strategy is procuring companies to boost the brand value among users. Another important strategy is intermittently unveiling inventive products with a methodical study of the market and its targeted users.
Industry Development
List of Key Players Covered in the Report
Further Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 13.4% from 2023 to 2030 |
Unit | Value (USD billion) |
Segmentation | Technology; Product; End User; and Region |
By Technology |
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By Product |
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By End-User |
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By Geography |
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