PUBLISHER: The Insight Partners | PRODUCT CODE: 1843402
PUBLISHER: The Insight Partners | PRODUCT CODE: 1843402
The Europe nurse call systems market is projected to grow significantly, reaching an estimated US$ 1,363.03 million by 2031, up from US$ 585.07 million in 2023, with a compound annual growth rate (CAGR) of 11.2% during the forecast period.
Executive Summary and Market Analysis
The market is segmented by country into Germany, France, the UK, Spain, Italy, and the Rest of Europe. Key drivers for growth include the rising incidence of dementia and Alzheimer's disease, an increasing elderly population, and supportive government regulations that boost the demand for nurse call systems across the region.
Market Segmentation Analysis
The Europe nurse call systems market can be analyzed through several key segments:
Market Outlook
Globally, dementia affects approximately 57 million individuals, with over 60% residing in low- and middle-income countries. Each year, nearly 10 million new cases are diagnosed. Alzheimer's disease, the most prevalent form of dementia, constitutes about 60-70% of all dementia cases and is a leading cause of death and disability among older adults. The economic burden of dementia was estimated at US$1.3 trillion in 2019, with informal caregivers providing a significant portion of care.
In the UK alone, around 982,000 individuals are living with dementia, a number projected to rise to 1.4 million by 2040. Patients with Alzheimer's are particularly vulnerable to falls and wandering, making nurse call systems essential for ensuring timely staff intervention in care facilities. The increasing prevalence of Alzheimer's disease is a major factor driving the demand for nurse call systems in healthcare settings.
Country Insights
The market is further analyzed by country, with Germany leading in market share as of 2023. The country is witnessing a demographic shift, with a significant increase in the geriatric population. By 2050, it is expected that the population aged 65 and older will rise by 41%, reaching 24 million, which will constitute nearly one-third of the total population. Concurrently, the working-age population is projected to decline by 23%.
As of December 2021, approximately 1.8 million people in Germany were diagnosed with dementia. The increasing elderly population and the corresponding rise in dementia cases are expected to drive the demand for nurse call systems. For instance, in October 2022, Ascom, a prominent provider of healthcare communication solutions, secured a contract to implement the Ascom Telligence patient call system in a new hospital in Germany, highlighting the market's growth potential.
Company Profiles
Key players in the Europe 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.
In summary, the Europe nurse call systems market is poised for substantial growth driven by demographic changes, increasing healthcare needs, and technological advancements in communication systems.