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Nurse Call Systems Market Size Worth $3.06 Billion By 2028 | CAGR: 11.1%: Exclusive Report by Polaris Market Research

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Nurse Call Systems Market Size Worth $3.06 Billion By 2028 | CAGR: 11.1%: Exclusive Report by Polaris Market Research

September 28
09:32 2021
Nurse Call Systems Market Size Worth $3.06 Billion By 2028 | CAGR: 11.1%: Exclusive Report by Polaris Market Research
Polaris Market Research
According to the new market research report “Nurse Call Systems Market Share, Size, Trends, Industry Analysis Report, By Technology (Wired Communication Equipment, Wireless Communication Equipment); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); By Type; By Application; By End-Use; Segment Forecast, 2021 – 2028” published by Polaris Market Research

The global nurse call systems market was valued at USD 1.36 billion in 2020 and size is expected to reach USD 3.06 billion by 2028 to grow at a CAGR of 11.1% during the forecast period (2021-2028). The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

The nurse call system facilitates communication between caregiver and the patient admitted improving operational efficiency, responsiveness, level of care, and better patient outcome. It allows caregivers to serve patients more efficiently and attentively. Such systems keep patients safe as there is a facility to call caregivers whenever assistance is required.

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For service providers, the nurse call system allows them to manage their work efficiently and purposefully and could be automated to a certain extent. As facility administrators in the healthcare facilities always seek to increase the standard of medical care, the market adoption of nurse call systems is bound to increase. With rising healthcare costs and surging pressure to have dynamic healthcare service, Medicare has decided to reimburse such systems, not on quantity, but quality and positive patient outcomes.

According to the market estimates of Medicare, the current reimbursement practice costs authorities extra at around USD 2.1 billion and expects to limit this, through technology interventions focused on healthcare. Thus, with changing reimbursement policies in market, hospitals across the globe are streamlining workflow by adopting nurse call systems.

Regional Analysis:

Asia Pacific is projected to register the fastest market growth rate over the assessment period. The market growth is attributed to the presence of the old age population, rise in nursing care centers, and surge in patient flow in out-patient clinics.

In line with this, in March 2019, Singapore’s Ministry of Health (MoH), announced the expansion of long-term care facilities. The increasing need to offer apt patient care with faster response time is expected to drive the market growth over the forecast period.

Companies operating in the market for nurse call systems include :

Azure Healthcare; Stanley Healthcare; Tyco SimplexGrinnell; Hill-Rom Holding, Inc.; Critical Alert Systems LLC; Honeywell International, Inc.; Ascom Holding; Rauland-Borg Corporation; TekTone Sound and Signal Mfg., Inc.; and West-Com Nurse Call Systems, Inc.

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Polaris Market Research has segmented the nurse call systems market report on the basis of technology, type, application, end-use, and region:

Nurse Call Systems, Technology Outlook (Revenue – USD Million, 2016 – 2028)

  • Wired Communication Equipment
  • Wireless Communication Equipment

 

Nurse Call Systems, Type Outlook (Revenue – USD Million, 2016 – 2028)

  • Nurse Call Integrated Communication Systems
  • Nurse Call Buttons
  • Nurse Call Mobile Systems
  • Nurse Call Intercoms

 

Nurse Call Systems, Application Outlook (Revenue – USD Million, 2016 – 2028)

  • Alarms & Communications
  • Workflow Optimization
  • Wanderer Control
  • Fall Detection & Prevention

 

Nurse Call Systems, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

  • Hospitals
  • ASCs/Clinics
  • Long Term Care Facilities

 

Nurse Call Systems, by Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

 

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About Polaris Market Research 

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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