
Published On: Jun 2024
Published On: Jun 2024
At 10.8% CAGR, Europe Emergency Call Systems Market is Projected to be Worth US$ 2,060.35 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe emergency call systems market was valued at US$ 903.87 million in 2022 and is expected to reach US$ 2,060.35 million by 2030, registering a CAGR of 10.8% from 2022 to 2030. Recent developments in nurse call systems and rising investments in renewable energy and hydrogen generation projects worldwide are among the critical factors attributed to drive the Europe emergency call systems market growth.
Nurse call systems enable highly reliable and flexible communication between nurses and patients. The rising number of patients in healthcare facilities and the adoption of new and better ways to scale communication, workflow, and management for attaining quality patient care support the growth of the Europe emergency call systems market. In February 2022, Person Centred Software (PCS), a provider of digital care management systems (NMS), introduced the Nursecell Messaging Service. Collaborating with leading nurse call system providers eliminates the need for pagers and other specialized medical equipment for sending alerts, messages, and warnings to smartphones and tablets. In August 2021, RF Technologies introduced the nurse call system known as Speedy Response Pro. This UL 1069-approved system communicates with various devices, such as multi-color zone lights, corridor dome lights, sharp-look displays, and strobe lights with sounders. The platform offers the power and reliability of cloud computing to patient interactions and nurse calls. Thus, innovative products and technological advancements by companies to improve the quality and efficacy of emergency call systems favor market growth.
On the contrary, strict regulatory framework hampers the growth of Europe emergency call systems market.
Based on application, the Europe 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 26.2% market share in 2022, amassing US$ 236.60 million. It is projected to garner US$ 529.36 million by 2030 to register 10.6% CAGR during 2022-2030.
In terms of technology, the Europe emergency call systems market is categorized into wired and wireless. The wired segment held 58.4% share of Europe emergency call systems market in 2022, amassing US$ 527.60 million. It is anticipated to garner US$ 1,169.13 million by 2030 to expand at 10.5% CAGR during 2022-2030.
By offerings, the Europe emergency call systems market is segmented into hardware, software, and services. The hardware segment held 52.4% share of Europe emergency call systems market in 2022, amassing US$ 473.98 million. It is projected to garner US$ 1,047.19 million by 2030 to expand at 10.4% CAGR from 2022 to 2030.
By type, the Europe emergency call systems market is segmented into nurse call systems, call box systems, emergency stanchions, intercom system, and others. The nurse call systems segment held 64.0% share of Europe emergency call systems market in 2022, amassing US$ 578.25 million. It is anticipated to garner US$ 1,343.54 million by 2030 to expand at 11.1% CAGR during 2022-2030.
By end user, the Europe 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 55.9% share of Europe emergency call systems market in 2022, amassing US$ 504.91 million. It is anticipated to garner US$ 1,166.50 million by 2030 to expand at 11.0% CAGR during 2022-2030.
By country, the Europe emergency call systems market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 26.5% share of Europe emergency call systems market in 2022. It was assessed at US$ 239.54 million in 2022 and is likely to hit US$ 553.43 million by 2030, registering a CAGR of 11.0% during 2022-2030.
Key players operating in the Europe emergency call systems market are Hill-Rom Holdings Inc, GE HealthCare Technologies Inc, Ascom Holding AG, and Hoyles Electronic Developments Ltd, among others.
2023: Ascom Holding AG launched a new product, Myco 4 smartphone. The smartphone is made to endure the highest demands in the healthcare and business environments while increasing operating efficiency and lowering the total cost of ownership. The new gadget offers several new and enhanced capabilities and the ability to integrate the functions of several devices into a single smartphone.
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