
Europe Nurse Call Systems Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 170 | Report Code: TIPRE00006304 | Category: Life Sciences
No. of Pages: 170 | Report Code: TIPRE00006304 | Category: Life Sciences
The Europe nurse call systems market size is expected to reach US$ 1,363.03 million by 2031 from US$ 585.07 million in 2023. The market is estimated to record a CAGR of 11.2% from 2023 to 2031.
The Europe nurse call systems market is categorized into Germany, France, the UK, Spain, Italy, and the Rest of Europe. The market is expected to witness significant growth during the forecast period due to factors such as growing dementia and Alzheimer's cases, increasing elderly population, and government laws leading to the demand for nurse call systems in the region.
Europe Nurse Call Systems Market Strategic Insights
Europe Nurse Call Systems Market Segmentation Analysis
Key segments that contributed to the derivation of the Europe nurse call systems market analysis are equipment, technology, application, and end user.
In 2021, there were 57 million people with dementia worldwide, with over 60% living in low- and middle-income countries. Each year, nearly 10 million new cases are diagnosed. Also, Dementia can result from various diseases and injuries that affect the brain, with Alzheimer's disease being the most common form. It accounts for approximately 60–70% of all dementia cases. Currently, dementia ranks as the seventh leading cause of death and is a major contributor to disability and dependency among older adults globally. In 2019, the economic impact of dementia was estimated at US$1.3 trillion. About 50% of these costs are related to care provided by informal caregivers, such as family members and close friends, who typically offer an average of 5 hours of care and supervision each day. Alzheimer's disease, a form of dementia, is a progressive disorder that eventually results in the loss of memory and deterioration of cognitive skills. According to a 2022 study published in Alzheimer's & Dementia, the estimated global prevalence of Alzheimer's disease (AD) is around 32 million people. This number represents individuals diagnosed with AD dementia, the most advanced stage of the disease. When earlier stages are considered, such as prodromal AD (mild cognitive impairment) and preclinical AD, the total number of affected individuals increases to approximately 416 million worldwide. These figures highlight the significant and growing impact of Alzheimer's disease on a global scale. Alzheimer's Research UK estimated that ~982,000 people are living with dementia in the UK, and the number is expected to reach 1.4 million by 2040. Alzheimer's patients are at a high risk of falls and wandering in care facilities. Nurse call systems alert the staff immediately when a patient experiences a fall or tries to leave the designated area. These systems help in providing prompt intervention. Thus, an alarming rise in the number of Alzheimer's disease patients propels demand for nurse call systems in healthcare settings.
Based on country, the Europe nurse call systems market comprises Germany, France, the UK, Spain, Italy, and the Rest of Europe. Germany held the largest share in 2023.
Germany is experiencing a rise in the geriatric population. According to AARP International, in 2050, Germany's population aged 65 and older is expected to increase by 41%, which is 24 million, representing almost one-third of the total population. Meanwhile, the population aged 15 to 64 is projected to decrease by 23%, from ~53 million in 2015 to ~41 million by 2050. The rise in the aging population is resulting in an increase in dementia and Alzheimer's cases in the country. The country is witnessing a rise in cases of dementia. According to the National Center for Biotechnology Information (NCBI), approximately 1.8 million people had dementia in Germany as of December 31, 2021.Market players are adopting inorganic growth strategies for market expansion. For instance, in October 2022, Ascom—a leading global provider of wireless communications and collaboration solutions for healthcare facilities—won the contract to equip a new hospital in Germany with the Ascom Telligence patient call system. Thus, the high number of elderly people in the presence of supportive health systems such as nurse call systems is likely to lead to the market growth in the coming years.
Europe Nurse Call Systems Market Report Highlights
Report Attribute
Details
Market size in 2023
US$ 585.07 Million
Market Size by 2031
US$ 1,363.03 Million
Global CAGR (2023 - 2031)
11.2%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Equipment
By Technology
By Application
By End User
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Nurse Call Systems Market 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 Europe Nurse Call Systems Market is valued at US$ 585.07 Million in 2023, it is projected to reach US$ 1,363.03 Million by 2031.
As per our report Europe Nurse Call Systems Market, the market size is valued at US$ 585.07 Million in 2023, projecting it to reach US$ 1,363.03 Million by 2031. This translates to a CAGR of approximately 11.2% during the forecast period.
The Europe 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 Europe Nurse Call Systems Market report:
The Europe Nurse Call Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Nurse Call Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Nurse Call Systems Market value chain can benefit from the information contained in a comprehensive market report.