PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258894
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258894
According to Stratistics MRC, the Global Nurse Call Systems Market is accounted for $1.7 billion in 2022 and is expected to reach $3.7 billion by 2028 growing at a CAGR of 14.11% during the forecast period. A cutting-edge and useful device, the nurse calling system provides patients with dependable services. It is simpler to deliver prompt, efficient care in hospitals using wired and wireless nurse call systems. The increased use of real-time location systems that are integrated with wireless technologies at numerous healthcare facilities is projected to drive the global market. The increased preference for mobility equipment and mobile nurse call systems, as well as the rising demand for integrated and diverse platforms, are also expected to raise demand for nurse call systems.
According to the World Aging Population Report 2020 Highlights, people aged 65 years and above were recorded to be around 727 million globally in 2020, and the number is expected to reach 1.5 billion by 2050.
Long-term health and wellness are becoming more popular among individuals as economic growth increases. Equipment and personalized nursing facilities are necessary for geriatric patients to record and check their regular examinations. Along with this, there is an increase in inpatient admissions as a result of the chronic illnesses that affect the elderly population and the increasing need for cutting-edge medical services and products. Interaction between the patient and the nurse is reliable and flexible owing to nurse call systems. The projected period is predicted to see an increase in demand for these services in the worldwide nurse call systems market due to the rising incidence of chronic diseases and the growing integration of healthcare data with portable devices.
Hospitals, nursing homes, mental institutes, and other places use nurse call systems. They give patients a way to get in touch with the nursing team. The main objectives of the systems are the retention of system integrity and the safeguarding of human life. The joint commission and several requirements for facilities seeking accreditation mandate nurse call systems. To adhere to local, state, and federal standards, hospitals should adopt these systems. Currently, however, nurse call system planning, design, and deployment require additional care. If calls are not answered because of a mistake, people may be in danger. The settings in which these systems are regularly used could possibly put patients' lives at danger. Thus, these are factors hindering the market growth over the projected period.
The extensive use of telehealth and other digital medical innovations has had a huge impact on the healthcare sector. The use of digital technologies has the potential to considerably aid efforts to improve health equity. Digital solutions can improve equity through increasing access to healthcare, addressing unmet needs, personalising care for patients, and taking into consideration the historical context of the communities they serve. Patients can be empowered and have their fears allayed with the use of digital health tools, which also make healthcare providers better partners in shared decision-making.
Creating and utilising a nurse calling system is one of the eHealth technology domains that is growing the fastest. Technology development has enabled the transition of traditional healthcare practises to the level of healthcare-providing facilities. It's important to be aware of and pay attention to healthcare technology innovation. The life of the patient may be at danger due to poor management and awareness. As a result, it will proportionally hinder the creative approach.
The market for nurse call systems has benefited from the current COVID-19 outbreak. The significance of nurse call systems has increased as a result of the considerable increase in hospital admissions in order to provide critical care monitoring, which is essential for protecting patient lives and ensuring the safety of medical personnel. These solutions are essential for ensuring secure communication between caregivers and patients in order to stop the coronavirus outbreak. Also, by implementing cutting-edge nurse call technology, nursing homes were able to deliver care effectively while lowering the danger of cross-infection. The nurse call system was widely employed during the COVID pandemic to allow patients to move into their homes permanently while providing safe round-the-clock care.
The wireless communication segment is estimated to have a lucrative growth, due to the greater degree of integration, lower installation costs compared to wired technology, and improved patient mobility. Patient mobility is essential in senior and assisted living institutions, where wireless nurse call buttons or pendants are quite helpful. Moreover, wireless communication is increasingly user-friendly and intuitive. With the help of a mobile ID card and pillow speakers, patients can now "chat" to their caretakers.
The long-term care facilities segment is anticipated to witness the fastest CAGR growths during the forecast period, due to there are more senior care facilities. The passive infrared (PIR) motion detector included in nurse call pendants like the Tek-CARE model aids staff in keeping a check on the patients. Also, in order to enhance quality and productivity, medical reporting and patient monitoring are now integrated with nurse calling systems. The internet application tracks patient requests, numerous emergency calls, and the carer response time, enhancing patient care.
North America is projected to hold the largest market share during the forecast period owing to rising awareness, attractive health reimbursement, and the strategic presence of industry players in the area. In addition, the U.S. market is growing as a result of increased health care expenses, decreased caregiver-patient population ratios, and a rise in the population of seniors.
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the existence of a sizable senior population and the rising number of patients in outpatient clinics and nursing homes. Indian and Chinese domestic producers are working hard to achieve a competitive edge in their local markets in order to expand their domestic client bases. As a result, competition has increased in developing markets like the Asia Pacific.
Some of the key players profiled in the Nurse Call Systems Market include: Stanley Healthcare, Hill-Rom Holding, Inc., Rauland Corporation, Ascom Holding AG, Honeywell International, Inc., Critical Alert Systems LLC, TekTone Sound and Signal Mfg., Inc., Cornell Communications, Austco Healthcare, JNL Technologies, West-Com Nurse Call Systems, Inc., Jeron Electronic Systems Inc., Intercall Systems Inc., Kingbell International Technology Development CO.LTD, Johnson Controls, Fujian Calling Tech Technology Co., Ltd., Micro Nursecall Systems, Televic, Medisam Medikal and Rauland Corporation.
In April 2019, Ascom launched a modified teleCARE IP system. The company has added wireless speech functionality to its latest version of the Ascom teleCARE IP emergency call system, thus enabling more streamlined workflows in elderly care facilities.
In February 2019, Ascom (Switzerland) launched the Myco 3 smartphone; this will help the company to further penetrate in the nurse call systems market, with the advanced and integrated system.
In January 2019, Rauland Borg Corporation, now a division of AMETEK.Inc launched a next-generation enterprise-wide platform for the Responder intelligent nurse call solution that offers. a scalable, secure, and highly-available solution to create optimized clinical workflows and enables hospitals to enhance their patient outcomes.
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