Press release
Meticulous Research® Projects Nurse Call Systems Market to Reach $4.96 Billion by 2031
Meticulous Research®, a leading global market intelligence and consulting firm, has released a comprehensive report titled "Nurse Call Systems Market Size, Share, Forecast, & Trends Analysis by Type (Button System, Mobile Call, Intercom, Software), Technology (Wired, Wireless, Hybrid), Application (Fall Detection, Location Tracking, Emergency Alarm), End User - Global Forecast to 2031." The report predicts that the global nurse call systems market will reach $4.96 billion by 2031, growing at a robust CAGR of 11.5% from 2024 to 2031.Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5906
The market's growth is propelled by several key factors, including the increasing demand for digital healthcare solutions among the aging population, heightened focus on patient safety, and rising healthcare expenditures. Additionally, technological advancements in nurse call systems and increased government healthcare spending are contributing to the market's expansion. However, stringent regulations and international standards for nurse call systems may pose challenges to market growth.
Opportunities and Challenges
The report identifies significant opportunities in the market, driven by the rising demand for biosensor-enabled nurse call systems, the growing need for remote patient care, and the expanding use of these systems in home care settings. Nevertheless, the market faces challenges such as false alarm occurrences, high costs associated with nurse call systems, the need for extensive training for system operation, integration difficulties with existing communication platforms, and frequent battery replacements in wireless systems.
Notably, the integration of wearable wristbands and neck pendants into nurse call systems, along with the incorporation of AI algorithms, are emerging trends poised to shape the future of the market.
Market Segmentation and Key Insights
The nurse call systems market is comprehensively segmented by offering, technology, application, end user, and geography:
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• Offering: In 2024, the button-based systems segment is expected to dominate the market, accounting for 32.6% of the total share. This segment's leadership is attributed to the proliferation of hospitals, widespread adoption in home care settings, and the reliability and simplicity of button-based systems.
• Technology: The wired nurse call systems segment is anticipated to hold the largest market share in 2024, driven by user-friendly interfaces and low hardware & maintenance costs. Conversely, the wireless nurse call system segment is expected to register the highest growth rate, supported by the benefits of quick installation, ease of repairs, and portability. For example, TekTone Sound & Signal Mfg., Inc. recently launched Tek-CARE570, featuring portable wireless devices like emergency call switches and pendant transmitters.
• Application: The emergency medical alarm segment is projected to lead the market in 2024, driven by the need for reduced response times during medical emergencies and enhanced patient monitoring.
• End User: Hospitals are expected to account for the largest share of the nurse call systems market in 2024, due to the increasing adoption of these systems for fall prevention, anti-wandering measures, and addressing staffing shortages.
Regional Analysis
Geographically, North America is expected to dominate the nurse call systems market in 2024, largely due to the region's advanced healthcare infrastructure, high healthcare expenditure, and the presence of key market players. For instance, healthcare spending in the U.S. reached USD 4.5 trillion in 2022, according to the Centers for Medicare & Medicaid Services.
However, the Asia-Pacific region is poised to experience the highest CAGR during the forecast period, fueled by a growing geriatric population, rising demand for home care services, and increasing healthcare investments in the region.
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Key Players
Prominent players in the nurse call systems market include Ascom Holding AG (Switzerland), Jeron Electronic Systems Inc. (U.S.), West-Com Nurse Call Systems, Inc. (California, U.S.), Securitas Healthcare LLC (U.S.), TekTone Sound & Signal Mfg., Inc. (U.S.), Johnson Controls International plc (U.S.), AMETEK, Inc. (U.S.), Baxter International Inc. (U.S.), Cornell Communications, Inc. (U.S.), Honeywell International Inc. (U.S.), JNL Technologies, Inc. (U.S.), and Vigil Health Solutions Inc. (U.S.).
Related Reports:
Healthcare IT Market - https://www.meticulousresearch.com/product/healthcare-it-market-5084
Telehealth Market - https://www.meticulousresearch.com/product/telehealth-market-4174
Digital Health Market - https://www.meticulousresearch.com/product/digital-health-market-5898
Digital Therapeutics Market - https://www.meticulousresearch.com/product/digital-therapeutics-market-5427
Digital Pathology Market - https://www.meticulousresearch.com/product/digital-pathology-market-5433
Contact:
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Meticulous Market Research Inc.
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California, 96001, U.S.
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