PUBLISHER: The Insight Partners | PRODUCT CODE: 1533033
PUBLISHER: The Insight Partners | PRODUCT CODE: 1533033
The Asia Pacific emergency call systems market was valued at US$ 660.45 million in 2022 and is expected to reach US$ 1,569.76 million by 2030; it is estimated to register a CAGR of 11.4% from 2022 to 2030.
Adoption of Digital Solutions in Healthcare Boosts Asia Pacific Emergency Call Systems Market
Digital solutions are transforming the way medical practitioners identify and treat illnesses such as cancer, diabetes, and mental health issues. To increase everyone's access to digital health, nations must now invest in digital health platforms and technology. Digital health applications (apps) can be used to empower patients and strengthen their relationships with healthcare practitioners, which specifically helps them in better self-management and reduces concerns during joint decision-making. In the best-case scenario, shared decision-making between conventional care can become the new standard due to digitalization contributing to a general cultural shift toward collaborative care. As a result, patients can use them easily and comfortably to get fast medical help. The leading providers focused on providing more integrated nurse call systems due to the growing need for nurse call systems' mobility. In January 2021, Austco was awarded a contract worth AUD 1.3 million to update the Tacera Nurse Call platform implemented at the 400-bed Jurong Community Hospital and the 700-bed Ng Teng Fong General Hospital (NTFGH) (JCH). With interfaces with JurongHealth's Code Blue Platform, all beds will have the Tacera technology, enabling the fastest Code Blue rapid response of any hospital in Singapore. Hospitals primarily focus on prevention, disease management, and appropriate clinical interventions. The specialized services support people suffering from a range of rare and complex conditions. They often involve treatments for patients with genetic disorders, rare cancers, or complex medical or surgical conditions. Specified or age-related conditions such as ophthalmic and orthopedic conditions, neurological disorders, and others require special attention and specified care. Hence, the need for nurse call systems is greater in specialty hospitals. Thus, the adoption of digital healthcare and rising preference for specialized treatments hold several growth opportunities in the emergency cell system market.
Asia Pacific Emergency Call Systems Market Overview
According to research published by the National Aged Population Office in the Future Trends of Population Aging in China, by 2021, the country recorded approximately 248 million older adults, accounting for 17.17% of the overall population. Also, people aged 80 years or above will account for 30.6 million, taking a share of 12.37% of the total aged population in China. The unique characteristics of the aging population were witnessed in China, which has the largest aged population in the world compared to other developed nations.
In China, Alzheimer's is seen as an unavoidable and natural part of aging instead of a disease. According to data published in South China Morning Post Publishers Ltd., approximately a million people in China are diagnosed every year with Alzheimer's, and by 2050, the number of Alzheimer's patients in China is projected to reach 45 million, i.e., almost half the total population across the globe. Thus, due to the abovementioned factors, the market for emergency call systems is likely to witness remarkable growth during the forecast period.
Asia Pacific Emergency Call Systems Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Emergency Call Systems Market Segmentation
The Asia Pacific emergency call systems market is categorized into application, end user, technology, offerings, type, and country.
Based on application, the Asia Pacific emergency call systems market is segmented fall prevention and detection, workflow optimization, patient care reminders, alarms and communication management, wander management, reporting and analytics, real-time staff locating, and others. The alarms and communication management segment held the largest market share in 2022.
In terms of technology, the Asia Pacific emergency call systems market is bifurcated into wired and wireless. The wired segment held a larger market share in 2022.
By offerings, the Asia Pacific emergency call systems market is segmented into hardware, software, and services. The hardware segment held the largest market share in 2022.
By type, the Asia Pacific emergency call systems market is segmented into nurse call systems, call box systems, emergency stanchions, intercom system, and others. The nurse call systems segment held the largest market share in 2022.
By end user, the Asia Pacific emergency call systems market is segmented into hospital and clinics, assisted living and independent living facilities, ambulatory surgical centers, and others. The hospital and clinics segment held the largest market share in 2022.
By country, the Asia Pacific emergency call systems market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific emergency call systems market share in 2022.
Hill-Rom Holdings Inc, GE HealthCare Technologies Inc, Mircom Technologies Ltd, Talius Group Ltd, and Ascom Holding AG are among the leading companies operating in the Asia Pacific emergency call systems market.