[2021-2028] Nurse Call Systems Market to Reach USD 2.79 Billion
The global nurse call systems market is anticipated to showcase notable growth owing to the reduction in the number of patient to nurse ratio. According to a report by Fortune Business Insights, titled, “Nurse Call Systems Market Size, Share & Industry Analysis, By Technology (Wired, Wireless), By Product (Basic Button Based Systems, Mobile Integrated Systems, IP Based Systems, Others), By End-user (Hospitals and Clinics, Assisted Living and Nursing Centres, Home Care Setting, Others), and Regional Forecast, 2019-2026,” the global nurse call systems market size was valued at USD 1.18 Billion in 2018. However, the global market is projected to reach USD 2.79 Billion by 2026, exhibiting a CAGR of 11.5% during the forecast period.
Increasing Incidence of Chronic Disorders to Aid in the Growth of Hospital Segment
In terms of end user, the global nurse call systems market is grouped into home care settings, assisted living and nursing centers, hospitals and clinics, and others. The report mentions that hospitals are expected to generate the highest global nurse call systems market revenue in the forthcoming years. It would occur as the nurses in hospitals depend upon nurse call systems for workforce management, emergency management, and monitoring of patients’ health. Also, hospitals possess high patient pool who are in persistent need for general healthcare. Additionally, the rising prevalence of chronic diseases are leading to hospitalizations. It will contribute to the global nurse call systems market growth in the coming years.
The other healthcare facilities like a nursing home and assisted living centers are also estimated to experience considerable growth during the forecast period owing to the rising geriatric population combined with rising prevalence of neurological disorders in this patient population. In recent years there is a growing trend in elderly population preferring home care treatment. However, the home care setting in global nurse call system market held a lower market share.