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Nurse Call System Global Market Report 2024 by The Business Research Company | Johnson Controls International plc, Rauland-Borg Corporation, Ascom Holding AG, Honeywell International Inc., Azure Healthcare Limited, Jeron Electronic Systems Inc., Vifor Pha
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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Nurse Call System Market Major Segments
The nurse call system market covered in this report is segmented -
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
Key Driver - Geriatric Population Surge Fuels Growth In Nurse Call System Market
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.
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Prominent Trend - Strategic Partnerships Drive Innovation In The Nurse Call Systems Market
Strategic partnerships have emerged as a key trend gaining popularity in the nurse call systems market. Major companies operating in the nurse call systems sector are focused on partnerships to reinforce their position. For instance, in August 2021, Ascom Holding AG, a Switzerland-based telecommunications company providing wireless on-site communications in nurse call systems, partnered with Vizient Inc., a US-based consulting company. The partnership enables Vizient members to take advantage of special pre-negotiated pricing and terms for the Ascom nurse call and monitoring system, which gives patients and staff the tools to access and respond to alerts, messages, and clinical data. Furthermore, in June 2020, PalCare and NOTIFY Nurse Call announced a strategic partnership to advance in developing nurse call systems. The partnership would provide senior living communities with best emergency call mobile application offerings and management dashboards.
Nurse Call System Market Players
Major companies operating in the nurse call system market include 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., MEEYI Medical Technology Co. Ltd., Schrack Seconet AG, Stanley Black & Decker Inc., Vigil Health Solutions Inc., Ametek Inc., Critical Alert Systems LLC, IgeaCare Solutions Inc., BEC Integrated Solutions LLC, Fujian Huanyutong Technology Co. Ltd., Wireless NurseCall Systems Inc., TekTone Sound & Signal Mfg. Inc., Momentum Healthware Inc., Caretronic Systems Pvt. Ltd., Intercall Systems Inc., Wandsworth Group Limited, Static Systems Group plc, Aid Call Limited, Medicare Systems Pvt. Ltd., Legrand North America LLC, Curbell Medical Products Inc., Cornell Communications Inc., Mircom Technologies Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the nurse call system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nurse call system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nurse Call System Market Report Structure
3. Nurse Call System Market Trends And Strategies
4. Nurse Call System Market - Macro Economic Scenario
5. Nurse Call System Market Size And Growth
…..
27. Nurse Call System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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