Nurse call systems market expected to reach $4.65 billion by 2031, driven by growing demand.
From GlobeNewswire: 2024-12-16 09:22:00
The nurse call systems market is projected to grow to US$ 4.65 billion by 2031, with a CAGR of 11.3%. These systems enable quick communication between patients and healthcare professionals, improving care efficiency. Advanced systems offer intercom capabilities, facilitating urgent responses. North America led the market in 2023, with Asia Pacific expected to show the highest CAGR.
Assisted living centers see a rise in residents over 85, with a growing need for nurse call systems to enhance safety and communication. Leading providers like RFT offer specialized solutions for these facilities. Recent developments include innovative systems from Fanvil, Ascom, and Static Systems Group, aimed at improving clinical workflows.
Market segmentation includes equipment like integrated communication systems, technology such as wired or wireless systems, applications like emergency medical alarms, and end users including hospitals and nursing homes. Competitive strategies focus on trends like AI integration and rising admissions in assisted living centers. Critical Alert Systems recently introduced new software for enhanced enterprise communication. Hill-Rom Holdings, Inc. has acquired Voalte, Inc. to create an integrated patient communication platform. STANLEY Healthcare introduces the Arial Mobile Application for the Arial Emergency Call system. Nurse call systems market growth is driven by assisted living center admissions and low care costs. Business expansions in the market include partnerships and product launches for improved products and services. 1. The stock market saw a significant drop today, with the S&P 500 falling by over 3% and the Dow Jones Industrial Average dropping by 800 points. Investors are concerned about rising inflation and interest rates impacting corporate profits.
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Read more at GlobeNewswire: Nurse Call Systems Market Size Set for Explosive Growth,