What Is The Nurse Call System Market Overview In 2022?
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The nurse call system market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!
Read More On The Nurse Call System Market Report 2022 – https://www.thebusinessresearchcompany.com/report/nurse-call-system-global-market-report
The Nurse Call System Market Size In 2022 And Forecast
The global nurse call system market is expected to grow from $1.86 billion in 2021 to $2.12 billion in 2022 at a compound annual growth rate (CAGR) of 14.1%. The global nurse call system market size is expected to grow to $3.27 billion in 2026 at a CAGR of 11.5%.
The nurse call system market consists of sales of nurse call systems by entities (organizations, sole traders, and partnerships) that are used for a variety of communication and patient monitoring functions.
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Rise In The Geriatric Population Is Driving The Growth Of The Nurse Call System Market
For instance, according to the United Nations Department of Economic and Social Affairs, a US-based intergovernmental organization, in 2020, there were approximately 727 million people aged 65 and above worldwide, and that number is expected to reach approximately 1.5 billion by 2050. Therefore, the rise in the geriatric population is driving the growth of the nurse call system market.
Competitive Landscape And The Regional Analysis Of The Nurse Call System Market
Major players in the nurse call system market are Johnson Controls, Rauland Corporation, Ascom Holding AG, Honeywell International Inc., Azure Healthcare Limited, Jeron Nurse Call Systems, Vifor Pharma Group, Courtney Thorne, SE & Co. KGaA, Baxter International Inc., BioScrip Inc., Grifols S.A., JW Life Science Corporation, and CVS Health Corporation.
Additionally, as per TBRC’s research – North America was the largest region in the nurse call system market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Nurse Call System Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nurse call system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the nurse call system market.
Strategic Partnerships – A Key Trend In The Nurse Call System Market
Major companies operating in the nurse call systems sector are focused on partnerships to reinforce their position.
Nurse Call System Market Segmentation By The Business Research Company
1) By Type: Button-Based Systems, Integrated Communication Systems, Mobile Systems, Intercom Systems
2) By Technology: Wired Communication, Wireless Communication
3) By Applications: Emergency Medical Alarms, Wanderer Control, Workflow Support, Others
4) By End-User: Hospitals, Long-term Care Facilities, Clinics and Physician Offices, Others
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