Future Market Insights (FMI) projects the nurse call systems market will reach a valuation of US$ 4 Bn by 2030, in its latest market research publication. The report which tracks growing demand for nurse call devices in 20+ countries, opines:
- Global nurse call systems market will expand at a CAGR of 9.8% from 2020-2030
- North America & Europe to emerge as kingpins, capturing over three-quarters of the market share
- Integrated communication systems likely to hold major sway
- Alarms & communication systems to remain the principal application area
- Long-term care centers making extensive usage of nurse call systems
- East & South Asia shall account for nearly 15% of the nurse call systems market share
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COVID-19’s Impact on Nurse Call Systems Market
The ongoing coronavirus pandemic has provided fertile ground for the nurse call systems market expansion. As healthcare providers unceasingly battle this deadly disease, vendors are experiencing an upsurge in their product sales, keeping revenue flow steady.
Demand is anticipated to be especially strong in the United States, Brazil and India as they are the worst affected countries. Moreover, the proportion of geriatrics is phenomenally high in these countries, thus accelerating need for enhanced care. Moreover, the fatality rate due to the virus is especially high amongst the elderly.
Several players have especially doled out nurse call systems to cater to the pandemic. Examples include Eastern Time and LoRa Alliance’s Wireless Patient Call Solution and Push&Call Quick Deploy Systems.
Nurse Call Systems Market- Competitive Landscape
The nurse call systems players rely on launching new products, subject to approval by regulatory authorities. Additionally, collaborations, acquisitions and partnerships characterize other strategies for expansion.
In 2017, Rauland-Borg was acquired by Ametek Inc. in order to expand its mission critical communication solutions for healthcare systems, hospitals and educational facilities.
Tunstall Healthcare partnered with Telefonica Empresas in 2019 to provide remote residential-grade patient management services across Spain. In July 2020, Hill-Rom Holdings Inc. announced a new collaboration with Aiva to develop a hands-free communication device to facilitate caregiver-to-patient and caregiver-to-caregiver assistance utilizing an in-room voice assistant solution.
Stanley Healthcare markets the UL 1069 Arial Nurse Call, fully equipped with a Wi-Fi network, a 2-way voice communication between residents and caregivers, staff notifications and a central staff alerting systems to provide the necessary features for every level of care.
“The global nurse call systems market is interspersed with the deployment of AI-enabled smart solutions, leading to a major transformation in the healthcare industry, prompting vendors to invest heavily in R&D to introduce new products,” concludes the FMI analyst.
More Insights on the Nurse Call Systems Market
A recent market study published by FMI on the nurse calling systems market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report includes a detailed segmentation on the basis of equipment type (button-based systems, integrated communication systems, mobile systems and intercom systems), application (alarms & communications, workflow optimization, wanderer control and fall detection & prevention), technology (wired nurse call systems and wireless nurse call systems), end-user (hospitals, ambulatory surgical centers, clinics and long-term care centers) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa)
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About the Healthcare Division at Future Market Insights
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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