
North America Nurse Call Systems Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 154 | Report Code: TIPRE00003912 | Category: Life Sciences
No. of Pages: 154 | Report Code: TIPRE00003912 | Category: Life Sciences
The North America nurse call systems market size is expected to reach US$ 1,830.65 million by 2031 from US$ 765.36 million in 2023. The market is estimated to record a CAGR of 11.5% from 2023 to 2031.
The North America nurse call systems market is analysed based on the three major countries: the US, Canada, and Mexico. The US is the largest contributor to the nurse call systems market in the region. The market in the US is experiencing robust growth owing to rising incidence of Alzheimer's disease, the growing penetration of various market players, and the increasing number of assisted living centers across the country.
Canada and Mexico are experiencing a rise in awareness programs and initiatives. These countries are expected to face the increasing prevalence of dementia. In addition, the increase in medical tourism in Mexico is likely to enhance the growth of the nurse call systems market in the region during the forecast period.
North America Nurse Call Systems Market Strategic Insights
North America Nurse Call Systems Market Segmentation Analysis
Key segments that contributed to the derivation of the North America nurse call systems market analysis are equipment, technology, application, and end user.
As per the American Health Care Association, the US had ~30,600 assisted living centers in 2021 that owned approximately 1.2 million licensed beds. Nearly 56% of these were chain-affiliated communities (part of an organization managing at least two communities), and more than 40% were independently owned centers. According to the US Census Bureau's 2021 County Business Patterns Survey, states with the most assisted living communities include California (4,100), Washington (1,902), Florida (1,804), Texas (1,295), Wisconsin (1,272), and Oregon (1,208). Further, as per the Canadian Institute for Health Information, there were ~2,076 long-term care homes in Canada in 2021, of which 46% were publicly owned and 54% were privately owned. Ontario has 627 long-term care homes in total; 16% of these are publicly owned; 57% of the total are owned by private for-profit organizations, while 27% are owned by private not-for-profit organizations. Quebec has approximately 440 long-term care homes, including 88% publicly owned and 12% privately owned centers.
Assisted living centers or assisted living communities generally serve people who require help in their daily activities and healthcare-related services. These centers or communities have secure premises that resemble homes, benefiting the occupants through independence, companionship, and privacy. Moreover, the diverse culture of residents and caregivers encourages socialization and friendly relations between them. Close monitoring of patients is required in assisted living centers. Various parts of these centers are equipped with nurse call systems to ensure residents safety and well-being. The increasing number of assisted living centers is the key factor driving the growth of the nurse call system market, as these facilities continuously strive to improve residents' safety and care quality by adopting technologically advanced devices.
Based on Country, the North America nurse call systems market comprises the US, Canada, and Mexico. The US held the largest share in 2023.
The life expectancy of humans is significantly rising. Also, many people live in a nuclear family setup where it is not always possible to give older people high-quality care. These factors have led to an increase in the country's assisted living facilities and skilled nursing facilities. The growing prevalence of Alzheimer's disease and dementia in the US is expected to boost the nurse call systems market growth. Moreover, the ever-increasing geriatric population base and the presence of leading market players who offer nurse call systems across the country are other factors propelling market growth in the US. As per data published by the Alzheimer's Association in 2019, ~5.8 million people in the US had Alzheimer's, and the number is likely to rise to 14 million by 2050. Additionally, the cost of care invested for Alzheimer's is increasing. By 2019, Alzheimer's and other forms of dementia are estimated to cost ~US$ 290 billion, and by 2050, this cost is estimated to rise to ~US$ 1.1 trillion. According to the Population Reference Bureau, the number of Americans aged 65 and older is projected to rise from 58 million in 2022 to 82 million by 2050, marking a 47% increase. The presence of leading market players in the US is likely to serve the demand of its customers of nurse call systems. A few major market players are West-Com Nurse Call System, Inc.; Amplion; Cornell Communications; and Tyco SimplexGrinnell, among others. These players are primarily engaged in developing technology products that offer better services to their customers. For instance, Amplion Alert by Amplion tracks real-time patient activity. It provides patient care and documents every step of the care, communication, and delivery process.
North America Nurse Call Systems Market Report Highlights
Report Attribute
Details
Market size in 2023
US$ 765.36 Million
Market Size by 2031
US$ 1,830.65 Million
Global CAGR (2023 - 2031)
11.5%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Equipment
By Technology
By Application
By End User
Regions and Countries Covered
North America
Market leaders and key company profiles
North America 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; 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 North America Nurse Call Systems Market is valued at US$ 765.36 Million in 2023, it is projected to reach US$ 1,830.65 Million by 2031.
As per our report North America Nurse Call Systems Market, the market size is valued at US$ 765.36 Million in 2023, projecting it to reach US$ 1,830.65 Million by 2031. This translates to a CAGR of approximately 11.5% during the forecast period.
The North America 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 North America Nurse Call Systems Market report:
The North America Nurse Call Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Nurse Call Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Nurse Call Systems Market value chain can benefit from the information contained in a comprehensive market report.