Asia Pacific Nurse Call Systems Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 170 | Report Code: TIPRE00006303 | Category: Life Sciences
No. of Pages: 170 | Report Code: TIPRE00006303 | Category: Life Sciences
The Asia Pacific nurse call systems market size is expected to reach US$ 1,038.48 million by 2031 from US$ 427.51 million in 2023. The market is estimated to record a CAGR of 11.7% from 2023 to 2031.
The nurse call systems market in Asia Pacific is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The market is likely to propel in the region due to the growth of the healthcare industry in countries such as India and China, the prevalence of dementia and Alzheimer's, and the rise in strategic developments made by the market players.
Asia Pacific Nurse Call Systems Market Strategic Insights
Get more information on this report Asia Pacific Nurse Call Systems Market Segmentation Analysis
Key segments that contributed to the derivation of the Asia Pacific nurse call systems market analysis are equipment, technology, application, and end user.
Emerging nations in Asia Pacific are heavily investing in their healthcare infrastructure. Governments of countries in these regions are making healthcare reforms and taking initiatives to improve access to quality healthcare. For instance, in the Philippines, about ₱22.98 billion ($404 million) is allocated for 2024 through the Health Facilities Enhancement Program, focusing on improving access to healthcare in underserved areas. Also, Vietnam plans to spend over VND 7 trillion ($304 million) on medical infrastructure from 2021 to 2030 to enhance regional hospitals and construct new facilities. Malaysia has approved RM 11.2 billion ($2.5 billion) in incentives for 86 private healthcare facilities to boost regional competitiveness and attract investment, thereby enhancing services and supporting medical tourism. Additionally, the Ayushman Bharat Health Infrastructure Mission is India's grand initiative to fortify its healthcare infrastructure, underscoring the country's dedication to wellness. The India Investment Grid (IIG) showcases 1,157 investment projects worth US$ 31.28 billion in the healthcare sector across all the states of the country. Thus, the flourishing healthcare sectors in developing countries are likely to create significant opportunities for the adoption of nurse call systems.
Based on country, the Asia Pacific nurse call systems market comprises China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China held the largest share in 2023.
Many countries are experiencing an increasingly aging population, but China has now become home to the world's largest population of elderly individuals. According to the Population Reference Bureau 2023, the geriatric population in China is expected to reach 366 million by 2050. Moreover, increasing product launches and strategic collaborations are expected to promote the nurse call systems market growth in the country. The risk of developing dementia increases with age, especially in those 65 or older. Nurse call systems assist senior care providers in enhancing resident safety, improving staff performance, and transforming senior care campuses into smart campuses. Key market players are adopting strategies such as mergers, acquisitions, product launches, and fundraising to expand their market presence. For instance, in August 2024, Fanvil Technology Co., Ltd., a China-based company, launched its latest update: Nurse Call System, V1.0 Beta. This update is packed with new features to provide nurse call and emergency call solutions for caregivers, elders, and patients. Furthermore, in August 2024, Mingke Technology launched its cutting-edge Nurse Call System designed to revolutionize the way healthcare providers communicate and respond to patient needs. This system integrates the latest advancements in communication technology and is set to significantly improve patient care, safety, and operational efficiency across hospitals and healthcare facilities. Thus, the rising aging population are expected to boost the nurse call systems market during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 427.51 Million |
| Market Size by 2031 | US$ 1,038.48 Million |
| Global CAGR (2023 - 2031) | 11.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Equipment
|
| Regions and Countries Covered | Asia Pacific
|
| Market leaders and key company profiles |
Some of the key players operating in the market include Ascom Holding AG; Honeywell International Inc; Siemens AG; Ametek Inc; Austco Communication Systems Pty Ltd; Intercall Systems Inc.; Schrack Seconet AG; TigerConnect; Securitas AB; and Baxter International Inc; among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Asia Pacific Nurse Call Systems Market is valued at US$ 427.51 Million in 2023, it is projected to reach US$ 1,038.48 Million by 2031.
As per our report Asia Pacific Nurse Call Systems Market, the market size is valued at US$ 427.51 Million in 2023, projecting it to reach US$ 1,038.48 Million by 2031. This translates to a CAGR of approximately 11.7% during the forecast period.
The Asia Pacific Nurse Call Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Nurse Call Systems Market report:
The Asia Pacific Nurse Call Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Nurse Call Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Nurse Call Systems Market value chain can benefit from the information contained in a comprehensive market report.
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