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Global Nurse Call System Market Opportunities And Strategies 2023

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s nurse call system market report forecasts the nurse call system market size to grow to $3.74 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

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Nurse Call System Market Size Forecast
The global nurse call system market is expected to grow from $2.13 billion in 2022 to $2.39 billion in 2023, at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nurse call system market size is expected to grow to $3.74 billion in 2027 at a CAGR of 11.8%.

North America held the largest nurse call system market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Nurse Call System Market Driver ­– Rise In The Geriatric Population
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 years 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.

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Key Nurse Call System Market Trend – Strategic Partnerships
Major companies operating in the nurse call systems sector are focused on partnerships to reinforce their position. For instance, in August 2021, Ascom Holding AG, a Switzerland-based telecommunications company providing wireless on-site communications in nurse call systems, partnered with Vizient Inc., a US-based consulting company. The partnership enables Vizient members to take advantage of special pre-negotiated pricing and terms for the Ascom nurse call and monitoring system, which gives patients and staff the tools to access and respond to alerts, messages, and clinical data. Furthermore, in June 2020, PalCare and NOTIFY Nurse Call announced a strategic partnership to advance in developing nurse call systems. The partnership would provide senior living communities with best emergency call mobile application offerings and management dashboards.

Nurse Call System Market Segment
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, Other Applications
4) By End User: Hospitals, Long-term Care Facilities, Clinics and Physician Offices, Other End Users

Nurse Call System Market Major Players and Strategies
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.

In December 2021, Baxter International Inc., a US-based health care company, acquired Hillrom for a deal amount of USD10.5 billion. The acquisition would provide Baxter with further growth prospects throughout its extensive geographic footprint, as well as stunning new connectivity opportunities with cutting-edge digital health innovation aimed at improving care, lowering costs, and increasing workflow efficiency. Hillrom is a US-based manufacturer of healthcare products, including nurse call systems.

The Nurse Call System Global Market Report 2023 covers regional data on nurse call system market size, nurse call system market trends and drivers, opportunities, strategies, and nurse call system market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Nurse call systems are innovative systems that improve the interaction between patients and healthcare workers by helping informing nurses on time, enhancing alertness, and operational efficiency, especially in the case of emergencies. The nurse call system is used for a variety of communication and patient monitoring functions.

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