South & Central America Nurse Call Systems Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 138 | Report Code: TIPRE00018847 | Category: Life Sciences
No. of Pages: 138 | Report Code: TIPRE00018847 | Category: Life Sciences
The South & Central America nurse call systems market size is expected to reach US$ 226.68 million by 2031 from US$ 103.19 million in 2023. The market is estimated to record a CAGR of 10.3% from 2023 to 2031.
The South & Central America nurse call systems market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market in the region is expected to grow due to the surge in the geriatric population and the increase in the adoption of nurse call systems.
Key segments that contributed to the derivation of the South & Central America nurse call systems market analysis are equipment, technology, application, and end user.
In August 2023, Brazil's federal government launched the "Novo PAC" (New Growth Acceleration Program) with a R$1.68 trillion (approximately US$340 billion) investment, focusing on infrastructure and social sectors like healthcare, education, and transportation. About R$1.3 trillion is expected to be invested by 2026. Further, in July 2023, the World Bank approved a US$50 million loan to Argentina to enhance public healthcare services for 6.5 million residents in Buenos Aires, focusing on modernizing facilities and implementing telemedicine. Additionally, Chile is prioritizing universal primary healthcare with a US$200 million World Bank loan approved in December 2023, aiming to improve access to services and establish primary care as the foundation of the health system by 2027. Peru's PROINVERSIÓN plans to award six Public-Private Partnership (PPP) projects in the health sector between 2024 and 2025, totaling an estimated US$700 million and benefiting over 2 million people. Thus, the flourishing healthcare sectors in developing countries are likely to create significant opportunities for the adoption of nurse call systems.
Based on country, the South & Central America nurse call systems market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.
According to the Journal of Gerontology, in 2023, Projections indicate that cases of dementia in Brazil will increase, reaching 5.5 million by 2050. At present, there are no treatments to prevent Alzheimer's disease from progressing, but medications are available to treat dementia symptoms. The rising number of dementia cases has eventually increased the usage of nurse call systems in the country. A nurse call system combines healthcare management and nursing documentation in one device. Different system connection options allow for wide installation possibilities in existing or new buildings. Moreover, technological advancements in the medical devices sector and the increasing government funding are resulting in product launches in the healthcare sector.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 103.19 Million |
| Market Size by 2031 | US$ 226.68 Million |
| Global CAGR (2023 - 2031) | 10.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Equipment
|
| Regions and Countries Covered | South and Central America
|
| 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 South & Central America Nurse Call Systems Market is valued at US$ 103.19 Million in 2023, it is projected to reach US$ 226.68 Million by 2031.
As per our report South & Central America Nurse Call Systems Market, the market size is valued at US$ 103.19 Million in 2023, projecting it to reach US$ 226.68 Million by 2031. This translates to a CAGR of approximately 10.3% during the forecast period.
The South & Central 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 South & Central America Nurse Call Systems Market report:
The South & Central 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 South & Central America Nurse Call Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Nurse Call Systems Market value chain can benefit from the information contained in a comprehensive market report.
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