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Nurse Call System Market 2024-2033 Business Growth, Latest Trends, Industry Share And Major Players | Johnson Controls International PLC, Rauland-Borg Corporation, Ascom Holding AG, Honeywell International Inc., Azure Healthcare Limited
Nurse Call System Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the nurse call system industry. This report on nurse call system Market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The nurse call system market size has grown rapidly in recent years. It will grow from $2.44 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to healthcare industry growth, aging population, patient safety, regulatory compliance, emergency response.
The nurse call system market size is expected to see rapid growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to infection control, telehealth services, sustainable practices, mobile applications, staff and patient satisfaction. Major trends in the forecast period include internet of things (iot), artificial intelligence (AI), real-time location services (rtls), technological advancements, remote patient monitoring.
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Key Market Players:
Johnson Controls International PLC, Rauland-Borg Corporation, Ascom Holding AG, Honeywell International Inc., Azure Healthcare Limited, Jeron Electronic Systems Inc., Vifor Pharma Group, Courtney Thorne Limited, Siemens Energy & Automation Inc., Baxter International Inc., BioScrip Inc., Grifols S.A., JW Life Science Corporation, CVS Health Corporation, Hill-Rom Services Inc., Systems Technologies Inc., Siemens AG, Austco Communication Systems Pty Ltd., West-Com Nurse Call Systems Inc.
Market Drivers:
According to the Nurse Call System Market Report 2024 by The Business Research Company, the rise in the geriatric population is significantly contributing to the growth of the nurse call system market going forward. The geriatric population is sensitive to diseases such as osteoarthritis, chronic obstructive pulmonary diseases, and diabetes mellitus as their immune systems develop slowly with increasing age. A significant increase in the global elderly population has increased the demand for competent nursing care services that provide rapid response, streamlined, customized communication among patients. For instance, according to the United Nations Department of Economic and Social Affairs, a US-based intergovernmental organization, in 2020, there were approximately 727 million people aged 65 years and above worldwide, and that number is expected to reach approximately 1.5 billion by 2050. Therefore, the rise in the geriatric population is driving the growth of the nurse call system market.
More information about the Global Nurse Call System Market Report -
https://www.thebusinessresearchcompany.com/report/nurse-call-system-global-market-report
Market segments for template include:
1) By Type: Button-Based Systems, Integrated Communication Systems, Mobile Systems, Intercom Systems
2) By Technology: Wired Communication, Wireless Communication
3) By Applications: Emergency Medical Alarms, Wanderer Control, Workflow Support, Other Applications
4) By End User: Hospitals, Long-term Care Facilities, Clinics and Physician Offices, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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