U.S. Nurse Call Systems Market - Focused Insights 2023-2028

U.S. NURSE CALL SYSTEMS MARKET INSIGHTS

The US Nurse Call Systems Market was valued at USD 675 million in 2022 and is expected to reach USD 1214.68 million by 2028, growing at a CAGR of 10.29%. The rapidly growing US nurse call systems market is being propelled by legislative changes, changes in reimbursement coverage, and funding for hospitals that is centred on technology.

The most lucrative IP-based nurse call system category, which is estimated to account for 51.32% of the market in 2022 and increase at a phenomenal CAGR of 10.65%. These systems, noted for their smartphone integration and usage of VoIP communication for direct patient-caregiver interactions, are expected to drive market expansion. 

The formidable hospital category, the largest end-user, which is expected to account for Over 65% of the market in 2022 and is projected to grow more than 10 %. The segment's growth is propelled by a large patient pool and significant financial resources for investing in devices like nurse call systems. 

With the healthcare sector increasingly going digital, the moderately competitive nurse call systems market offers promising opportunities for small and mid-sized companies. The emphasis on the development of advanced communication technologies is drawing a large customer base for key players. The market competition is intensifying, with global players like Hill-Rom, Rauland Corporation, Honeywell International, Ascom, and Cornell Health at the helm. The time is ripe for seizing these opportunities and securing a strong foothold in this booming market. 

A nurse call system is a button or cord device found in hospitals and nursing homes and places where patients are at their most vulnerable, such as their bedside and bathrooms. It allows patients in healthcare settings to alert a nurse or other healthcare staff remotely for help. Some nurse call systems also allow staff to communicate with each other, and others even have integrated staff/equipment locator options.

KEY HIGHLIGHTS

• The demand for nurse call systems is rising due to multiple factors, including improved healthcare infrastructure, several regulatory reforms, changes in reimbursement coverage, and funds received to update hospitals with technology-driven nurse call systems. 
• In product type segmentation, the IP-based nurse call system segment accounted for the highest share of 51.22% in 2022 and is projected to grow at the highest CAGR of 10.65% during the forecast period. IP-based systems enjoy an excellent reputation as a system and can incorporate smartphones into the nurse call system and use voice over IP (VoIP) communication to allow patients to talk to caregivers directly, which is likely to boost the US nurse call systems market. 
• In Technology segmentation, the wireless communication systems segment accounted for the highest share of 44.78% in 2022 and is projected to grow at a CAGR of 10.52% during the study period. The growth can be attributed to the higher level of integration, reduced cost of installation, and better patient mobility. 
• In the end-user segmentation, the hospital segment accounted for the highest share of 66.41% in 2022 and is projected to grow at the highest CAGR of 10.63% during the forecast period. This domination can be attributed to their large patient pool and greater financing capability for devices such as nurse call systems. 
• In application type, the alarms & communications segment accounted for the highest share of 52.43% in 2022 and is projected to grow at the highest CAGR of 10.53% during the forecast period. The growth can be attributed to their significant role in streamlining the message between nurses, patients, and other caregivers and higher patient safety. 
• Hill-Rom, Rauland, Ascom, Honeywell, and others are the leading players in the US nurse call systems market. The market offers tremendous growth opportunities for existing and future/emerging players.