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; it is estimated to register a CAGR of 10.8% from 2022 to 2030.
Rising Cases of Alzheimer's Dementia among Geriatric Population and Need for Assisted Living Centers Drive Europe Emergency Call Systems Market
According to the Organization for Economic Co-operation and Development (OECD), 4.25 million people in Germany will be aged 65 or more by 2025. According to an article titled "Dementia in Germany" published by NCBI states that about two-thirds of the 1.8 million Germans who have been diagnosed with dementia in any form have Alzheimer's disease, which is the most frequent type. The demand for assisted living facilities is on the rise due to an increase in the incidence of Alzheimer's disease. While traditional home health care is a known option for patients suffering from dementia and Alzheimer's disease, assisted living places emphasize more on activities and programs that fall under memory care. Benefits provided by these centers include a higher level of care, the unique way of operation of each center or community, low-cost services offered by some centers, and efforts made to foster cultural diversity (making it easy for people to socialize). Therefore, the increasing incidence of Alzheimer's dementia among the geriatric population, along with the subsequently increasing need for assisted living centers, propels the demand for emergency call systems.
Europe Emergency Call Systems Market Overview
The German health system is divided into an insurance sector with public and private insurance funds and a healthcare sector. The healthcare sector covers a range of services and departments, including ambulatory outpatient care, pharmaceutical care distributed by pharmacists, inpatient care in hospitals and rehabilitation centers, and the nursing care sector. Germany is one of only five "super-aged" societies in the world today; by 2050, the proportion of its population aged 65 and over will almost triple. According to the UN population division, Germany's population aged 65 and over is anticipated to grow by 41% to reach 24 million by 2050, accounting for approximately one-third of the total population. This group falls into the highest risk categories and needs urgent care, such as the elderly and the chronically ill. Thus, the rise in the geriatric population with the presence of supportive healthcare systems and services is likely to boost the growth of the Europe emergency call systems market in Germany in the coming years.
Europe Emergency Call Systems Market Revenue and Forecast to 2030 (US$ Million)
Europe Emergency Call Systems Market Segmentation
The Europe emergency call systems market is categorized into application, end user, technology, offerings, type, and country.
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 the largest market share in 2022.
In terms of technology, the Europe emergency call systems market is bifurcated into wired and wireless. The wired segment held a larger market share in 2022.
By offerings, the Europe emergency call systems market is segmented into hardware, software, and services. The hardware segment held the largest market share in 2022.
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 the largest market share in 2022.
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 the largest market share in 2022.
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 the largest market share in 2022.
By country, the Europe emergency call systems market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe emergency call systems market share in 2022.
Hill-Rom Holdings Inc, GE HealthCare Technologies Inc, Ascom Holding AG, and Hoyles Electronic Developments Ltd are among the leading companies operating in the Europe emergency call systems market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 903.87 Million |
| Market Size by 2030 | US$ 2,060.35 Million |
| CAGR (2022 - 2030) | 10.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
1. Hill-Rom Holdings Inc
2. GE HealthCare Technologies Inc
3. Hoyles Electronic Developments Ltd
4. Ascom Holding AG
The Europe Emergency Call Systems Market is valued at US$ 903.87 Million in 2022, it is projected to reach US$ 2,060.35 Million by 2030.
As per our report Europe Emergency Call Systems Market, the market size is valued at US$ 903.87 Million in 2022, projecting it to reach US$ 2,060.35 Million by 2030. This translates to a CAGR of approximately 10.8% during the forecast period.
The Europe Emergency 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 Europe Emergency Call Systems Market report:
The Europe Emergency Call Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Emergency Call Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Emergency Call Systems Market value chain can benefit from the information contained in a comprehensive market report.
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