Report ID: SQMIG35D2274
Report ID:
SQMIG35D2274 |
Region:
Global |
Published Date: November, 2024
Pages:
211
|
Tables:
118 |
Figures:
72
In 2023, North America accounted for a revenue share of more than 41.1% and dominated the global nurse call systems market. Favorable health reimbursement regulations, growing patient safety awareness, and the strategic presence of major industry companies such as Hill-Rom, Ascom, and STANLEY Healthcare are some factors that have supported the region's strong market position. Other factors that complicate the issue in the United States include declining caregiver-to-patient ratios, growing health care costs, and an aging population, among others. Solutions from this category can strengthen patient safety, accelerate response times, and simplify healthcare systems and contribute to continued market growth in North America.
Contrarily, Asia-Pacific is expected to have spectacular growth at a CAGR of 13.52% over the forecast period. This will be due to the presence of a sizeable elderly population and more patients in nursing homes and out-patient clinics. Domestic producers from China and India are trying to get a competitive edge in their respective markets to attract a wide variety of domestic customers. In turn, the competition in this region is rising; particularly in the emerging regions such as Asia-Pacific. Efforts are further expected to be made in reducing healthcare workforce exhaustion and increasing the flow of working operations of hospitals for Asia-Pacific nurse call systems market growth. This region is growing more because the market has grown due to the number of patient falls and government support in strong measures for digital health in the hospitals.
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Report ID: SQMIG35D2274