Nurse Call Systems Market to Grow at an Estimated CAGR of 13.5% During the Forecast Period 2022-2030

14 Jun 2016

The global nurse call market is expected to grow at a CAGR of 13.5% during the forecast period of 2023 to 2030. A patient can utilize a nurse call system to alert or communicate with medical staff. The patient has a nurse call button on his console to request help. Nurse call systems help healthcare workers manage time. Nurse call systems give patients immediate attention. A doctor will know the room and quantity of people in bed, which is vital in emergencies. Hospitals and nursing homes use these communication systems. Nurse call devices are similar. These technologies allow communication and patient monitoring. Most nurse call uses involve patient monitoring. Recent advances in patient monitoring have improved critical care. In light of the global market, emerging and newly industrialized nations must enhance awareness of patient monitoring nurse call devices. Growing nurse workloads and a diminishing patient-to-nurse ratio drive market demand for these solutions. Using technologically advanced nurse communication systems may help hospitals and other medical organizations optimize their workforces.

Rising demand for wandering control systems and patient monitoring among the elderly is expected to drive the worldwide nurse call systems market in the coming years. A boost in life expectancy around the world has also contributed to an aging population. The US, Germany, Italy, and Japan have large elderly populations. As a result, assisted living facilities and nursing homes need these systems more. Increased use of these devices is expected as the older population with neurological disorders grows. Long-term senior preference for home treatment and recuperation over institutional settings is predicted to boost the global market. According to the European Commission's 2021 Ageing Report, the percentage of 65-year-olds in the EU will rise from 34.4% in 2019 to 59.2% in 2070. The 2019 rate is 34.4%. By the middle of the 21st century, the Alzheimer's Association predicts that 13.8 million older Americans will have Alzheimer's or dementia. According to the World Aging Population Report for 2020, the number of people 65 and older is expected to reach 1.5 billion by 2050. Increasing numbers of elderly cause more hospitalizations, surgeries, and chronic ailments. This will drive the market demand for nurse call systems.

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Advances in communication and information technology can be applied to a wide variety of system development, which promotes efficient work and patient bed allotment, patient monitoring, nurse staff safety, and emergency management. Recent improvements in complicated technologies like IP systems and wireless technologies that integrate mobile devices have impacted global market growth. Healthcare facilities amass huge volumes of data throughout patient care that must be centralized. Therefore, companies are investing in AI-powered systems. Digital competency is crucial for healthcare firms to give the best patient care. Correct medicine delivery, precise diagnosis, and adequate nursing care all to improve patient care. Digitalization is developing in nurse call systems.

Real-time location systems (RTLS) and wireless technologies are gaining popularity in healthcare, boosting the market growth. RTLS allows hospitals to track employees and equipment, improving production. Televic's AQURA Care Communication Platform is a modular system. Alarm delivery, personal mobility, nurse call, personal localization (RTLS), patient and staff safety, and mediator control. The hospital's existing infrastructure, module, and mediator module can be integrated into the platform. Several vendors are striving to add real-time location detection, RFID, and security features to nurse call systems. Siemens makes a wireless nurse called a wristband. This band is nurse-call compatible. This band has a button the patient can use to call the nurse in an emergency. It also sells a panic button badge that nurses can wear in case of workplace violence. If IP-based systems and wireless technologies were connected with nurse call devices, medical mistakes and false positive and negative call alarms would decrease. These cutting-edge tools can help determine the severity and kind of emergency in a hospital or nursing care patients. These technologies would help a nurse manage patient calls and requests based on the type of emergency. Some systems incorporate a wander control and an out-of-bed indicator that tells the nurse if the patient is awake or has left their bed.

Primary care providers aim to give high-quality care to patients. Effective patient-provider communication is a key element in this regard. High-quality medical care is a human right. In this context, a patient must have a reliable way to communicate with nurses and doctors, if needed. In recent years, hospitals and clinics have invested more in nurse call systems. Nurse call systems have helped streamline nurses' activities. These have helped nursing facilities prioritize nursing calls based on patient requests and emergency status. These methods also boost productivity and efficiency in hospitals with the inexperienced nursing staff. In assisted living and skilled nursing facilities, nurse call systems are important because they help nurses do their work efficiently. These innovations offer more efficient and high-quality nursing care in settings with less-experienced nurses. An increasing preference for wireless nurse call equipment is likely to fuel a 13% CAGR for wireless communication equipment in the nurse call systems market during the forecast period. Wireless communication enhances patient care by allowing doctors to discover diseases earlier, which speeds up emergency responses. Wireless communication technology alerts the medical team to the patient's position and dispatches them there.

Despite their many benefits, especially in emerging nations, costs have been a major implementation hurdle. Despite costs, they continue. Software, technology, and employee training all affect how well healthcare systems perform. The total cost of a fully integrated room includes installation, implementation, a training module for nurses and caregivers, basic hardware, and software. Healthcare establishments with these devices must pay a software maintenance fee (SMA), and the cost varies by room. In the future, these considerations will likely slow market growth. Implementation costs may limit the market growth. Software, hardware, and medical staff training affect the effectiveness of integrated communication technology. Hospitals, clinics, and other home care groups must pay heavily to adopt the gadgets. In addition, strict data breach regulations could restrict market growth over the forecast period.

Developing nations like India, China, Brazil, and Russia, along with a number of Latin American and Southeast Asian countries, are expected to provide market participants in the nurse call systems industry with significant potential opportunities. Growing emphasis on improving hospital care and healthcare infrastructure in these nations is boosting demand for the adoption of nurse call systems. Due to their broad use in hospitals and clinics, wired communication systems accounted for more than 50% of 2021 revenue. The wired nurse call systems sector helps nurses and other medical personnel in hospitals and nursing homes stay connected with their patients. Software solutions for dynamic planning, well-connected systems, and nurse monitoring platforms would improve global market income.

Because of its widespread use in medical facilities such as hospitals and clinics, wired communication systems accounted for the highest proportion of revenue in 2021 accounting for more than 50% of the revenue share. The wired nurse call systems sector provides a failsafe way for nurses and other medical professionals working in healthcare settings such as hospitals and nursing homes to maintain awareness of their patients and maintain a connection with them. The provision of dynamic planning, well-connected systems, and monitoring platforms for the nurses by software solutions for these systems would result in an increase in income for the global market. Due to significant advances in wireless communication technologies, the wireless communication systems market is expected to have the greatest CAGR from 2023 to 2030. They integrate better than other technologies. Wireless nurse call systems in hospitals help nurses to offer proper patient care. These systems are necessary and offer great benefits. Wireless nurse call solutions must be fast, precise, and reliable. Wireless nurse call gadgets are popular because they're convenient and comfortable. Wireless nurse call systems contain no connections, and nurses can wear a gadget to warn patients. Wireless nurse call systems are prevalent. This segment is expected to have the largest market share due to the increasing popularity of wireless nurse call systems among geriatric patients and the overall number of patients using these systems. New items are expected to boost sector growth during the predicted period. RF Technologies introduced Quick Response Pro in 2021. It's a UL 1069-certified system that interfaces with gadgets to notify employees quickly. Corridor dome lights, sharp-look displays, strobe lights with sounders, and multi-color zone lights.

Simple button-based systems held 40% of global sales in 2021. This is because emerging nations adopted the category more than other categories. The mobile systems segment of the nurse call systems market is expected to have the greatest CAGR during the projected period. Patients signal for help by pressing a button on a device. These devices are easy to use because the patient simply presses a button. The button system works in hospitals, clinics, and home medical facilities. It helps medical facilities run efficiently and protects patients' health.

Alarms and communications were the most popular application in 2021 because they improved patient safety and streamlined communication between nurses, patients, and other caregivers. This segment dominated the market. The market for workflow optimization systems is expected to grow at a healthy CAGR during the projected period. Rising awareness and investment in workflow management solutions should fuel market expansion.

In 2021, hospitals were the market's most lucrative segment. This can be attributed to patient safety and caregiver efficiency. In 2021, hospitals will account for more than 65% of nurse call system sales. This is likely to be driven by easy access to board-certified physicians, a focus on quality treatment, and improved efficiency. Hospitals provide affordable disease treatments, which benefits patients and insurers. Novel technology like nurse call systems has increased hospital visits. Patients are expected to choose these facilities because they offer comprehensive, high-quality, affordable, secure, and efficient care. As assisted living and nursing centers use these systems more, they are expected to post the highest CAGR from 2023 to 2030. Home care settings, along with others, had a reduced market share.

North America contributed around 40% of the revenue share in 2021 due to increased demand for technologically advanced systems and improved efficiency and patient safety systems in healthcare institutions, especially for the elderly. Due to the growing senior population and the need to address their needs, the Asia-Pacific market is expected to grow rapidly over the forecast period. Due to European governments' and agencies' efforts to improve digital health and healthcare IT, the market for nurse call systems is growing steadily but not quickly. The Digital Agenda for Europe projects in Europe 2020, the ten-year growth strategy for the European Union, prioritizes giving technical aid to healthcare practitioners and assistance to the aged. The European Innovation Partnership for Active and Healthy Aging also emphasizes ICT-based solutions.

North America is expected to have the most nurse call systems over the projection period. This is due to the region's significant digital adoption and well-developed healthcare infrastructure. Due to Medicare and other superior reimbursement programs, the US is expected to have the largest market share in this area. Growing hospital admissions, driven by chronic diseases and an aging population, will boost the need for nurse call systems. This drives the market. According to "2020 PROFILE OF OLDER AMERICANS," released in May 2021, there were 54.1 million Americans 65 and older in 2019. This population included 30 million women and 24.1 million men. According to Cancer facts and numbers 2023, published by the American Cancer Society, there will be 1.9 million new cancer diagnoses and 609,360 cancer deaths in the U.S. These results are expected to improve the flexibility of nurse call systems, driving the market during the study period. The Affordable Care Act in the U.S. and The Canada Health Act in Canada allow individuals to get cutting-edge medical care as needed. This involves allocating a portion of the government's budget to improving nursing facilities and the healthcare system's infrastructure.

In the approaching years, the Asian market is expected to increase for nurse call system manufacturers. India, China, Thailand, Malaysia, and Indonesia will be the top candidates. Increasing emphasis on improving healthcare infrastructure to handle a growing population is stimulating these sectors. Singapore's Ministry of Health announced plans to expand long-term and acute care nursing facilities in March 2016. Since then, many sellers have entered the market. India is becoming a global leader in nursing due to increased public and commercial involvement in the field. The rise in hospitals and clinics has increased the demand for nurses, which has boosted the market for nurse call systems. Local, national, and multinational manufacturers are widespread. APAC's CAGR from 2023 to 2030 is therefore 14.2%.

The global market for nurse call systems has many main competitors. Ascom Holding AG, Austco Healthcare Limited, Cornell Communications, Hill-Rom Services, Inc., Jeron Electronic Systems, Inc., STANLEY Healthcare, TekTone Sound & Signal Mfg., Inc., Tunstall Group, Johnson Controls. (Tyco SimplexGrinnell), and Vigil Health Solutions, Inc. These industry leaders are developing their firms through commercial expansion, new product invention, and distribution agreements. These corporations invest heavily in new products, a key source of revenue. As more elements of healthcare are digitized, more small and medium-sized firms are joining the field to expand. Launching new products and focusing on mergers and acquisitions have helped market leaders generate revenue. Research, development, and discovery of cutting-edge communication technologies have also helped expand these enterprises' customer bases. The main corporations' growth strategies have enabled them to lead the market. Baxter International acquired Hill-Rom Services in 2021. Because the parent company serves more clients, this acquisition has helped the company expand globally. Hill Rom Holdings must create excellent relationships with distributors and supply chain channel partners to expand globally.

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