MARKET: OVERVIEW

The Global Nurse Calling Systems Market was valued at USD 2.25 billion in 2021 and is expected to reach USD 20.12 billion by 2030, growing at a CAGR of 10.27 % during 2021-2030. Nurse call systems are utilized in hospitals, Nursing homes, clinics, Outpatient Surgery rehabilitation facilities, or assisted living centers, are all about serving healthcare providers to serve their patients more efficiently and attentively. This system, which utilizes technology to simplify communication among the patients and healthcare providers, can enhance responsiveness, operational efficiency, levels of care, and patient or client satisfaction. The nurse calling system is categorized into wired systems and wireless systems. Wired systems are the most traditional system used in hospitals and clinics to serve their patients. Wireless systems are new and innovative nurse calling system than a wired system. The technological advancement in the nurse calling system may drive the market in the forecast period.
 

COVID-19 ANALYSIS  

COVID-19 has the potential to have three different effects on the global economy, directly affecting production and demand, disrupting supply chains and marketplaces, and having a financial impact on businesses and financial markets. The Covid-19 outbreak has impacted a variety of enterprises and industries, causing travel disruptions, lockdowns, and social isolation, among other things. These have hampered the businesses' routine operations, resulting in supply chain issues, a lack of vendor coordination, and other issues. Value and volume for the nurse calling systems industry increase considerably in 2020 owing to growing demand from the hospital, nursing home, clinic, outpatient surgery, etc. In 2021, the market is anticipated to advantage from broad-based development, leading industry growth a projected more than 10%.
 

MARKET: TREND

Rising Application of Machine Learning and Artificial Intelligence

The growing demand for Artificial Intelligence and Machine Learning in nurse calling systems is an evolving trend in the market of nurse call systems. Artificial intelligence is the simulation or imitation of human intelligence actions by machines, particularly computer systems, with the latent to exceed human intelligence levels. Artificial intelligence is also utilized to find efficiency achievements in nurse calling systems companies.  Nurse calling systems are ongoing to increase investments in AI, big data, and automation while expanding the utilization of mobile devices. For instance, the spending on AI/ cognitive technologies in the global market is projected to increase at a CAGR 48% to reach USD 1.5 Billion by 2022. With the integrated system and innovation, Ascom February 2019, has announced the introduction of the Myco 3 smartphone, empowering the company to grab the nurse call systems market in the years to come.
 

MARKET: DRIVERS

Various Uses of Nurse Call Systems and Effortlessness of Communication Drive Market Growth

Nurse call systems performance a key role in effective communication in the medical sector. These systems allow streamlined, clinicians, caregivers, and customized communication within patients to enlarge the quality of care and improve patient satisfaction. Due to these benefits, these systems have become an essential part of a healthcare communication system. Every hospital and nursing home required enough nurses to treat their patients and take care of them. A scarcity of nurses can lead the healthcare system to collapse at a time of required which was evident with the recent pandemic. As per the WHO guideline, the ratio of population to doctors should be 1000 to 1, whereas the ratio of the population to nurses should be 1000 to 3. As per the Indian Institute of Management, Bangalore’s study there is a scarcity of approximately 18,09,757 nurses only in India.
 

Furthermore, as per the WHO's report "the state of the world's nursing 2020", there was an insufficiency of approximately 5.9 million nurses in 2018 with around 89% of the shortage concerted in lower and low-middle-income nations. The only nurses hold around 51% of all healthcare employment, the huge gap among the available and required nurses putting tremendous stress on the medical sector. Even though nurse call systems cannot help in linking the huge gap, this system can help in handling existing nurses to their full possible. It is anticipated that the demand for nurse call systems can surge in years to come to empower better management of existing nurses. This is likely to propel the growth of the nurse call systems market across the globe in the years to come.
 

MARKET: RESTRAINT

High Installation and Service Cost of Nurse Call Systems Hamper Market Growth

The raised expenses regarding the installation of nurse call systems are estimated to hinder the growth of the market in the years to come. Various innovative and highly technical elements such as Dome Light/Corridor Light, Patient Station, Pillow Speaker, Call Cord, Nurse Console, Code Station, Bathroom Station, etc. are required while installing the nurse call system. The nurse console is generally installed at the place where staff receives calls or the nursing station. The Patient Station provides healthcare specialists the ability to connect directly with patients and hear their requests, which reduces the excessive trips back and forth to patient beds while increasing their time. The dome light is usually installed outside of staff and patient areas to provide a visual signal of calls originating from the bathroom, patients room, and service requirements as well as code stations and staff presence. All the above-mentioned elements of the nurse call system are very essential to proper working and smooth experience. These elements are relatively high in cost and the required high cost of maintenance is expected to pose challenges for the global nurse calling system market in the years to come. However, the growing unfavorable regulations might further restrict the nurse call systems market’s growth in the upcoming years.
 

MARKET: SEGMENTATION  

The Global Nurse Calling Systems Market is segmented by Type, Application, and Region. Based on the Type the market is categorized into Wired Systems, and Wireless Systems. Based on the Application the market is bifurcated into the Hospital, Nursing Home, Clinic, and Outpatient Surgery. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.                         
 

MARKET SEGMENTATION: BY REGION

Based on the Region, the Nurse Calling Systems Market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.  
 

North America dominated the global nurse call systems market in 2019 and is expected to maintain its dominance throughout the forecast period. The presence of a geriatric population with an increasing demand for digital healthcare, hospital adoption of the nurse call system, well-established healthcare infrastructure, and high investment from the public and private sectors are expected to drive growth in the nurse call systems market. Growing interest in the design of technologies for older adults, as well as the introduction of innovative technologies that can assist older adults with health maintenance and health information management, are expected to drive market growth. Owing to the presence of emerging economies in the region such as China, Thailand, India, Indonesia, and Malaysia. These developing countries are expected to enlarge the growth of the market in the region. For an Instance, in March 2016, the Government of Singapore has announced policies to the expansion of acute care nursing homes subsequently, a number of a nurse calling systems providers have been penetrating this region market.
 

MARKET: COMPETITIVE LANDSCAPE

Some prominent key players are increasing their investments in various healthcare IT systems. The trend of hospitals adopting advanced art communication systems is expected to increase demand for nurse call systems. Healthcare facilities are increasingly focusing on developing efficient communication infrastructure in order to provide their patients with improved clinical workflow integration. Furthermore, with the introduction of innovative technological advancements in IT and communication systems, the global nurse call systems market is expected to grow rapidly over the forecast period.
 

MARKET: RECENT DEVELOPMENT

• November 2021– Acurio health opened private paediatric and maternity facility in Rauland Australia, a health IT provider, will provide nurse call solutions to the George Centre in southwest Sydney.
• April 2019- Ascom debuted a revamped teleCARE IP system. Wireless speech functionality has been added to the latest version of the Ascom teleCARE IP emergency call system, allowing for more streamlined workflows in elderly care facilities.

MARKET: KEY PLAYERS

• Hill-Rom Holdings, Inc.
• Ascom Holding AG
• Rauland-Borg Corporation
• Azure Healthcare Ltd
• Schrack Seconet AG.
• Intercall Systems, Inc
• Jeron Electronic Systems
• Johnson Controls International Plc
• Nurse Call Systems
• Siemens
• Honeywell International Inc.
• STANLEY Healthcare
• Tunstall Group
• West-Com Nurse Call Systems, Inc.
• Critical Alert
• Vigil Health Solutions Inc.

SCOPE OF THE REPORT

The reports also assist in understanding the dynamic and structure of the Nurse Calling Systems market. The study serves as an investor's guide with its clear representation of competitive analysis of key competitors by product, price, financial condition, product portfolio, growth plans, and regional presence in the market for Nurse Calling Systems. Global nurse calling systems market has been analyzed on various dimensions. In addition, various segments of the market have been reviewed qualitatively and quantitatively.