PUBLISHER: The Insight Partners | PRODUCT CODE: 1843400
PUBLISHER: The Insight Partners | PRODUCT CODE: 1843400
The North America nurse call systems market is projected to grow significantly, reaching approximately USD 1,830.65 million by 2031, up from USD 765.36 million in 2023, with a compound annual growth rate (CAGR) of 11.5% during the forecast period.
Executive Summary and Market Analysis
This market analysis focuses on three primary countries: the United States, Canada, and Mexico. The United States is the dominant player in the nurse call systems market, driven by factors such as the increasing prevalence of Alzheimer's disease, the expansion of various market participants, and a growing number of assisted living facilities across the nation.
In Canada and Mexico, there is a rising awareness of healthcare needs, particularly concerning dementia. Additionally, Mexico's growing medical tourism sector is expected to further stimulate the nurse call systems market in the region.
Market Segmentation
The North America nurse call systems market can be segmented into several categories:
Market Outlook
According to the American Health Care Association, there were approximately 30,600 assisted living centers in the US in 2021, providing around 1.2 million licensed beds. A significant portion of these centers are chain-affiliated, indicating a trend towards consolidation in the industry. States like California, Washington, and Florida have the highest number of assisted living facilities.
In Canada, the Canadian Institute for Health Information reported about 2,076 long-term care homes in 2021, with a mix of public and private ownership. Ontario and Quebec are notable regions with a substantial number of long-term care homes.
Assisted living centers cater to individuals needing assistance with daily activities and healthcare services. These facilities are designed to provide a home-like environment that promotes independence and social interaction among residents. The demand for nurse call systems in these centers is driven by the need for enhanced safety and quality of care, as they implement advanced technologies to monitor residents effectively.
Country Insights
The US remains the largest market for nurse call systems in North America. Factors contributing to this growth include an increasing life expectancy, a rise in nuclear family structures that limit the ability to provide care at home, and a growing elderly population. The prevalence of Alzheimer's and dementia is particularly concerning, with estimates suggesting that the number of individuals affected will rise significantly in the coming decades. The financial burden of caring for those with Alzheimer's is also expected to escalate, highlighting the need for effective care solutions.
The Population Reference Bureau projects that the number of Americans aged 65 and older will increase from 58 million in 2022 to 82 million by 2050, a 47% rise. This demographic shift, combined with the presence of leading market players in the US, is likely to drive demand for nurse call systems. Notable companies in this sector include West-Com Nurse Call System, Inc., Amplion, Cornell Communications, and Tyco SimplexGrinnell, which are focused on developing innovative solutions to meet customer needs.
Company Profiles
Key players in the North America nurse call systems 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. These companies are pursuing various strategies such as market expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase market share.