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According to our new research study on "Nurse Call Systems Market Forecast to 2031 -Global Analysis - by Product, End User, and Geography," the market is anticipated to grow from US$ 1.97 billion in 2023 and is projected to reach US$ 4.65 billion by 2031; it is expected to register a CAGR of 11.3% during 2023-2031. The rising number of assisted living centers, recent developments by market players, and increasing incidences of Alzheimer's disease are factors contributing to the growing nurse call systems market size. However, high cost of installation of nurse call systems hamper market growth. Further, the incorporation of AI, machine learning, and wireless technologies is expected to bring new nurse call systems market trends in the coming years.
North America accounted for a major share of the global nurse call systems market in 2023. The North America nurse call systems market is analyzed 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, growing penetration of various market players, and 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. 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.
Developments in Healthcare Infrastructure in Emerging Markets to Provide Market Opportunities in Future
Emerging nations in Asia Pacific, the Middle East, and Latin America are heavily investing in their healthcare infrastructure. Governments of countries in these regions are making healthcare reforms and taking initiatives to improve access to quality healthcare. The Ayushman Bharat Health Infrastructure Mission is India's grand initiative to fortify its healthcare infrastructure, underscoring the country's dedication to wellness. The India Investment Grid (IIG) showcases 1,157 investment projects worth US$ 31.28 billion in the healthcare sector across all the states of the country. Further, as per the International Trade Administration, the Saudi Arabian Government plans to invest over US$ 65 billion under Vision 2030 to develop the country's healthcare infrastructure, reorganize and privatize health services and insurance, launch 21 "health clusters" across the country, and expand the provision of e-health services. Additionally, the country aims to raise the contribution of the private sector in healthcare from 40% to 65% by 2030, targeting the privatization of 290 hospitals and 2,300 primary health centers, thereby creating significant commercial opportunities for international companies to enter into its developing healthcare market. Thus, the flourishing healthcare sectors in developing countries are likely to create significant opportunities for the adoption of nurse call systems.
Alzheimer's disease, a form of dementia, is a progressive disorder that eventually results in the loss of memory and deterioration of cognitive skills. 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. Alzheimer's disease is among the six leading causes of death in the US. Data published in 2024 by the Alzheimer's Association states that approximately 6.9 million Americans are suffering from this disease, and the number is expected to rise to approximately 13 million by 2050. In addition, it is also stated that the number of death cases due to Alzheimer's disease has doubled from 2000 to 2021. Health and long-term care costs for dementia patients are projected to reach US$ 360 billion in 2024 and nearly US$ 1 trillion by 2050. In 2023, unpaid caregivers required an estimated 18.4 billion hours of care, valued at nearly US$ 350 billion.
As per the Alzheimer Society of Canada, 733,040 people in Canada were suffering from dementia in January 2024, and the number is expected to reach 1.7 million by 2050. It also stated that by 2030, the number of people in Canada living with dementia could increase by 65% compared to 2020, reaching 990,600 from 597,300. Additionally, 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. Thus, an alarming rise in the number of Alzheimer's disease patients propels demand for nurse call systems in healthcare settings.
Nurse Call Systems Market: Competitive Landscape and Key Developments
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 are among the key companies operating in the nurse call systems market.
The US Food and Drug Administration, Centers for Disease Control and Prevention (CDC), and United Nations Fund for Population Activities are among the primary and secondary sources referred to while preparing the nurse call systems market report.