
Published On: Jun 2024
Published On: Jun 2024
At 11.4% CAGR, Asia Pacific Emergency Call Systems Market is Projected to be Worth US$ 1,569.76 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific emergency call systems market was valued at US$ 660.45 million in 2022 and is expected to reach US$ 1,569.76 million by 2030, registering a CAGR of 11.4% from 2022 to 2030. Upgrades in existing nurse call systems and rising cases of Alzheimer's dementia among geriatric population and need for assisted living centers are among the critical factors attributed to drive the Asia Pacific emergency call systems market growth.
Technological advancements have led to upgrades in basic nurse call models that are used to notify an emergency with red light alerts and a few coded buttons and bells. Mobile and real-time call systems help eliminate communication gaps, allowing efficient patient tracking. Advanced features also facilitate the streamlining and customization of communication among the patients, nursing staff, and caregivers to enhance patient satisfaction and improve the quality of care. State-of-the-art emergency call systems are integrated with facilities such as remote patient monitoring, electronic health records (EHR), and other clinical decision-making services. For instance, Cary N.C, a division of Hill-Rom, introduced Care Sign which features a digital touchscreen that needs to be assembled outside the patient room. It displays real-time information about patient risks, allergies, and safety measures to help improve patient care and communication. In addition, advantages such as personal touch, wireless communication, wander tracking, direct connection, and specified alerts are leading to the rising demand for emergency call systems in hospitals, clinics, assisted living centers, and other care facilities. Nursing trends have evolved due to shifts in public health, technology, demography, and social perceptions. However, the COVID-19 pandemic brought up several issues that significantly altered nursing practice and trends. Furthermore, the necessity for virtual health care increased amid this health crisis. According to analysis, the use of telehealth has increased 38 times since the pandemic, compared to the pre-COVID-19 baseline. Thus, the use of telehealth is expected to persist as a significant trend in the nursing discipline, as it facilitates long-distance patient and doctor interaction, care, guidance, reminders, education, monitoring, and intervention. Moreover, it automates certain portions of a nurse's duties. Thus, the emergency call systems market is likely to grow with upgrades in the existing nursing call systems.
On the contrary, strict regulatory framework hampers the growth of Asia Pacific emergency call systems market.
Based on application, the Asia Pacific emergency call systems market is segmented fall prevention and detection, workflow optimization, patient care reminders, alarms and communication management, wander management, reporting and analytics, real-time staff locating, and others. The alarms and communication management segment held 25.9% market share in 2022, amassing US$ 171.01 million. It is projected to garner US$ 398.90 million by 2030 to register 11.2% CAGR during 2022-2030.
In terms of technology, the Asia Pacific emergency call systems market is bifurcated into wired and wireless. The wired segment held 57.4% share of Asia Pacific emergency call systems market in 2022, amassing US$ 379.22 million. It is anticipated to garner US$ 875.91 million by 2030 to expand at 11.0% CAGR during 2022-2030.
By offerings, the Asia Pacific emergency call systems market is segmented into hardware, software, and services. The hardware segment held 51.5% share of Asia Pacific emergency call systems market in 2022, amassing US$ 340.09 million. It is projected to garner US$ 783.13 million by 2030 to expand at 11.0% CAGR from 2022 to 2030.
By type, the Asia Pacific emergency call systems market is categorized into nurse call systems, call box systems, emergency stanchions, intercom system, and others. The nurse call systems segment held 64.7% share of Asia Pacific emergency call systems market in 2022, amassing US$ 427.30 million. It is anticipated to garner US$ 1,034.89 million by 2030 to expand at 11.7% CAGR during 2022-2030.
By end user, the Asia Pacific emergency call systems market is segmented into hospital and clinics, assisted living and independent living facilities, ambulatory surgical centers, and others. The hospital and clinics segment held 56.3% share of Asia Pacific emergency call systems market in 2022, amassing US$ 371.86 million. It is anticipated to garner US$ 895.63 million by 2030 to expand at 11.6% CAGR during 2022-2030.
By country, the Asia Pacific emergency call systems market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 27.4% share of Asia Pacific emergency call systems market in 2022. It was assessed at US$ 180.82 million in 2022 and is likely to hit US$ 443.80 million by 2030, registering a CAGR of 11.9% during 2022-2030.
Key players operating in the Asia Pacific emergency call systems market are Hill-Rom Holdings Inc, GE HealthCare Technologies Inc, Mircom Technologies Ltd, Talius Group Ltd, and Ascom Holding AG, among others.
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