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Nurse Call Systems Market to Register CAGR of 13.4% During 2023-2030; Growing Ailments Among Geriatric Population to Aid Market Expansion

May 30, 2023 | Healthcare

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



  • July 2022: Austco Communication Systems Pty Ltd. (UK) launched a new design service for designing Nurse Call systems as per HTM 08-03 compliance.


List of Key Players Covered in the Report



  • JNL Technologies (U.S.)

  • Cornell Communications (U.S.)

  • Ascom Holding AG (Switzerland)

  • Rauland (AMETEK, Inc.) (U.S.)

  • Televic (Belgium)

  • Jeron Electronic Systems, Inc. (U.S.)

  • SCHRACK SECONET AG. (Austria)

  • Honeywell International Inc. (U.S.)

  • Azure Healthcare Limited (Australia)

  • Hill Rom Services Inc. (U.S.)


Further Findings



  • As per technology, the wired segment captured majority of the market share in 2022 due to the high penetration of the technology in developing countries and better security and connectivity as compared to wireless systems.

  • According to product type, the basic button-based systems segment leads the global market in 2022 owing to its considerably higher adoption rate in developing countries.

  • Regionally, North America dominated the market in 2022 stoked by high geriatric populace, reducing nurse to patient population, and growing healthcare expenditure.


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




  • Wired

  • Wireless



By Product




  • Basic Button Based Systems

  • Mobile Integrated System

  • IP based Systems

  • Others



By End-User




  • Hospitals

  • Assisted Living & Nursing Centers

  • Home Care Settings

  • Others



By Geography




  • North America (By Technology, By Product, By End-User, By Country)


    • U.S. (By Technology)

    • Canada (By Technology)


  • Europe (By Technology, By Product, By End-User, By Country/Sub-Region)


    • U.K. (By Technology)

    • Germany (By Technology)

    • France (By Technology)

    • Italy (By Technology)

    • Scandinavia (By Technology)

    • Rest of Europe (By Technology)




  • Asia Pacific (By Technology, By Product, By End-User, By Country/Sub-Region)




    • Japan (By Technology)

    • China (By Technology)

    • India (By Technology)

    • Australia (By Technology)

    • Southeast Asia (By Technology)

    • Rest of Asia Pacific (By Technology)




  • Rest of the World (By Technology, By Product, By End-User, By Sub-Region)

    • Latin America (By Technology)

    • Middle East & Africa (By Technology)




Nurse Call Systems Market
  • PDF
  • 2022
  • 2019-2021
  • 153

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