Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Nurse Call Systems Market size is expected to reach $2.8 Billion by 2027, rising at a market growth of 8.0% CAGR during the forecast period.
Wireless Systems market has shown a growth rate of 9.2% during (2021 - 2027). Wireless technology is popular because of its attributes of simple installation and low cost. Moreover, the increasing growth of the segment is owing to the emerging trend of wireless technology. People are widely adopting wireless technology as it offers more convenience to the user along with the eliminated risk of external short circuits. Further, the segment is also growing due to the advent of 4G and 5G technologies, integration of the latest technology, improved network availability, and easy access.
The Button-Based Systems segment is leading the Global Nurse Call Systems Market by Equipment Type in 2020, thereby, achieving a market value of $1.2 billion by 2027. The rising growth of the segment is owing to the system's durability and ease of use for patients as well as the nursing and healthcare staff. Buttons make it easier for the staff and patients to operate the systems and are considered less complex in comparison to other equipment.
The Ambulatory Surgical Centers & Clinics segment is showcasing a CAGR of 8.6% during (2021 - 2027). The increasing growth of the segment is attributed to the significant number of people that are being admitted into hospitals. Due to the insufficient space in hospitals, people are becoming more inclined toward ambulatory surgical centers as well as local clinics. Hence, the utilization of nurse call systems is increasing in ambulatory surgical centers and clinics.
The Emergency Medical Alarms segment acquired maximum revenue share in the Global Nurse Call Systems Market by Application in 2020, thereby, achieving a market value of $1.0 billion by 2027. This segment is flourishing as a result of a growth in catastrophic diseases like cancer as well as the increasing number of accidents. Due to these factors, the number of patients in hospitals is significantly increasing, which is encouraging them to adopt the advanced and automated nurse call system market.
The North America market dominated the Global Nurse Call Systems Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $956.7 million by 2027. The Europe market is estimated to witness a CAGR of 7.6% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 8.4% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ametek, Inc., Ascom Holding AG, Austco Healthcare limited, Cornell Communications, Inc., Hill-Rom Holdings, Inc., Honeywell International, Inc., Jeron Electronic System, Inc., Johnson Controls International PLC, Stanley Healthcare, and Vigil Health Solutions, Inc. (ASSA ABLOY)
By Equipment Type
By End User
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