According to FutureWise analysis the market for nurse call systems is expected to reach US$ 4.68 billion by 2031 at a CAGR of 9.6%.
Nurse call systems play an important role in the establishment of effective communication between healthcare facilities. These systems allow customized, streamlined communication amongst caregivers, clinicians and patients in order to improve the care quality and the overall satisfaction of patients. With the emergence of smart devices, nursing workflow structure is being simplified by allowing them to have inter- as well as intra-team communication and calls triggered by patients. Due to such advantages, the nurse call systems have become an instrumental part of the communication system of hospitals.
It is predicted that over 5.5 million people in the United States are diagnosed with Alzheimer’s disease and it is predicted to rise over 12 million by 2040. One of the key factors driving the market growth in the presence of Alzheimer’s disease is the ever-increasing ageing population. Elderly patients diagnosed with Alzheimer’s disease need consistent care and monitoring due to the behaviour of the disease. This needs the usage of nurse call systems with novel functionalities like RTLS, emergency medical alarms and wanderer management for the treating patients effectively. Furthermore, the increasing presence of Alzheimer’s disease is one of the instrumental factors leading to the rise in the number of aided living centres. In the United States, as of now, there are over 28,000 aided living centers with over a million licensed beds. The highly increasing number of these centres with large bed capacity will steer the adoption rate of nurse call systems, considering these systems are important for these centres in ensuring the safety of elderly occupants and providing better care.
The Asia Pacific region is predicted to augment with a high CAGR value in the upcoming years. The factors contributing to the expansion of the nurse call systems market size of the region are growing initiatives by the government for the digitalization of healthcare, soaring geriatric population, an increase in the number of or long-term facilities or assisted living centers, rise in the expenditure assigned to healthcare, infrastructural expansion of healthcare and development of medical tourism. Nonetheless, the North American and European markets will hold a major market share owing to the presence of key players and established economies in the Asia Pacific region.