PUBLISHER: The Insight Partners | PRODUCT CODE: 1424165
PUBLISHER: The Insight Partners | PRODUCT CODE: 1424165
The emergency call systems market value is expected to reach US$ 7.043 billion by 2030 from US$ 3.052 billion in 2022. The market is estimated to register a CAGR of 11.0% from 2022 to 2030.
Healthcare organizations these days are emphasizing on achieving digital competency to give patients the best care possible. Accurate drug distribution, correct diagnosis of long-term illnesses, and efficient nursing facilities are all necessary for improved patient care. These prompt digitalization efforts are benefiting the emergency call system market. Many manufacturers in this market are attempting to include security systems, radio frequency identification (RFID), and real-time position detection components in their nurse call system devices.
Nurse call systems enable highly reliable and flexible communications between nurses and patients. The rising number of patients in healthcare facilities and the adoption of new and better ways to scale communication, workflow, and management for attaining quality patient care support the emergency call systems market growth. In February 2022, Person Centred Software (PCS), a provider of digital care management systems (NMS), introduced the Nursecell Messaging Service. Collaborating with leading nurse call system providers eliminates the need for pagers and other specialized medical equipment for sending alerts, messages, and warnings to smartphones and tablets. In August 2021, RF Technologies introduced the nurse call system known as Speedy Response Pro. This UL 1069-approved system communicates with various devices, such as multi-color zone lights, corridor dome lights, sharp-look displays, and strobe lights with sounders.
Further, in February 2019, Critical Alert Systems introduced its new enterprise-class software application-CommonPath Enterprise-at HIMSS19 in Orlando. The platform offers the power and reliability of cloud computing to patient interactions and nurse calls. Thus, companies' innovative products and technological advancements to better the quality and efficacy of emergency call systems favor market growth.
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By Application, Emergency Call Systems Market-Based Insights
Based on the application, the emergency call systems market is segmented into alarms and communication management, workflow optimization, wander management, fall prevention and detection, patient care reminders, reporting and analytics, real-time staff location, and others. In 2022, the alarms and communication management segment held the largest share of the market. The market for the workflow optimization segment is expected to grow at the fastest CAGR from 2022 to 2030. In hospitals, clinics, and nursing homes, among others, several patients are admitted for severe, semi-severe, and minor health complications. Among all the patients, patients with severe health conditions need continuous monitoring.
By End User, Emergency Call Systems Market-Based Insights
Based on the end user, the emergency call systems market is segmented into hospitals and clinics, assisted living and independent living facilities, ambulatory surgical centers, and others. In 2022, the hospitals and clinics segment held the largest share of the market. The market for the assisted living and independent living facilities segment is expected to grow at the fastest CAGR from 2022 to 2030. Emergency call systems are utilized in general wards, emergency rooms, critical care units, consultation rooms, outdoor patient rooms, private rooms, and residential care homes in hospitals.
National Health Insurance Fund Administration and Organization for Economic Co-operation and Development are a few of the major primary and secondary sources referred to while preparing the report on the emergency call systems market.