March 28, 2024

Clinical Alarm Management Market Size to Worth Around USD 10.9 Bn by 2030

The global Clinical Alarm Management market size is expected to be worth around US$ 10.9 billion by 2030, according to a new report by Vision Research Reports.

The global Clinical Alarm Management market size was valued at US$ 962.5 million in 2020 and is anticipated to grow at a CAGR of 28.5% during forecast period 2021 to 2030.

Clinical Alarm Management

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/39043

Clinical Alarm Management Market Report Coverage
Report Scope Details
Market Size US$ 10.9 Billion by 2030
Growth Rate CAGR of 28.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Component, end-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Koninklijke Philips N.V.; General Electric Company (GE Healthcare); Ascom; Spok, Inc.; Masimo; Hill-Rom Services, Inc.; Vocera Communications; Capsule Technologies, Inc.; Johnson Controls; West-Com
Clinical Alarm Management Market Growth Factors

The increasing prevalence of alarm fatigue is one of the primary factors augmenting the market. Furthermore, rising technological advancements coupled with the growing adoption of clinical alarm management solutions by healthcare facilities due to their benefits are also the driving factors for the market growth during the projected period.

To curb the spread of the COVID-19 pandemic, government institutions across various nations established various COVID-19 alert systems for providing policy directives and situational awareness for the general public. Various healthcare facilities also started adopting various alarm management solutions for providing timely treatment to patients. Hence, the COVID-19 pandemic fueled market growth in 2020 and 2021.

Various benefits of clinical alarm management solutions are also likely to increase the demand for these solutions which fuels the market growth. These benefits are clinical, operational, as well as financial. Clinical benefits include enhanced patient and family satisfaction, improved sleep and rest, reduction in non-actionable alarms and gaps in alarm protocol, and enhanced patient safety along with possibly fewer missed true positive alarms.

By Component Analysis

The clinical alarm management solutions segment dominated the market and accounted for the largest revenue share of more than 66.0% in 2020. This is owing to the rising adoption of connected care technologies in healthcare, initiatives by key companies, and the need to reduce alarm fatigue.

The services segment is estimated to witness the fastest growth rate over the forecast period owing to initiatives by public and private health institutions, increasing service offerings by key market players, and growing demand to minimize risks to patient safety, which is anticipated to fuel the segment growth in the coming years.

By End-use Analysis

The hospitals and clinics segment dominated the market and accounted for the largest revenue share of over 26.0% in 2020 due to the growing number of patient flow, rising emergency cases, and incorporation of sophisticated clinical alarm management solutions.

The long-term care facilities segment is anticipated to witness the fastest growth rate of 27.9% over the forecast period owing to the growing number of old-age facilities and growing awareness regarding the importance of clinical alarm management solutions in these facilities.

By Product Analysis

The nurse call systems segment dominated the market and accounted for the largest revenue share of over 25.0% in 2020. The factors attributed to this large share include product developments driven by wireless technology and automation, and the need to improve clinical workflow and reduce operating costs for the healthcare facility while making optimum use of available resources.

The EMR integration systems segment is anticipated to witness the highest CAGR of 28.9% from 2021 to 2030 owing to rising digitalization in healthcare, a surge in adoption of EHR/ EMR solutions from clinics to hospitals, and rising interoperability across digital healthcare solutions.

By Regional Analysis

North America dominated the clinical alarm management market and accounted for the largest revenue share of over 45.0% in 2020,  attributed to the growing importance of providing quality healthcare services.

In Asia Pacific, the market is anticipated to witness the highest CAGR of 31.3% over the forecast period. This can be attributed to the growing adoption of technologically advanced solutions for providing better healthcare facilities.

Read also @ Ophthalmic Ultrasound Devices Market is Anticipated to Grow US$ 887.7 Mn By 2030

Major Key Players Covered in The Clinical Alarm Management Market Report include
  • Koninklijke Philips N.V.
  • General Electric Company (GE Healthcare)
  • Ascom
  • Spok, Inc.
  • Masimo
  • Hill-Rom Services, Inc.
  • Vocera Communications
  • Capsule Technologies, Inc.
  • Johnson Controls
  • West-Com
Clinical Alarm Management Market Segmentation
  • By Product
    • Nurse Call Systems
    • Physiological Monitors
    • Bed Alarms
    • EMR Integration Systems
    • Ventilators
    • Others
  • By Component
    • Solutions
    • Services
  • By End-use
    • Hospitals & Clinics
    • Home Care Settings
    • Ambulatory Care Centers
    • Long-Term Care Facilities
    • Specialty Centers
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East and Africa (MEA)
      • Saudi Arabia
      • South Africa
      • UAE

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Clinical Alarm Management Market, By Capacitor

7.1.  Clinical Alarm Management Market, by Capacitor, 2021-2030

7.1.1.    Nurse Call Systems

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Physiological Monitors

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Bed Alarms

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    EMR Integration Systems

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Ventilators

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Clinical Alarm Management Market, By Component

8.1.  Clinical Alarm Management Market, by Component, 2021-2030

8.1.1.    Solutions

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Services

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Clinical Alarm Management Market, By End User

9.1.  Clinical Alarm Management Market, by End User, 2021-2030

9.1.1.    Hospitals & Clinics

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Home Care Settings

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Ambulatory Care Centers

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Long-Term Care Facilities

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Specialty Centers

9.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Clinical Alarm Management Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Capacitor (2017-2030)

10.1.2.  Market Revenue and Forecast, by Component (2017-2030)

10.1.3.  Market Revenue and Forecast, by End User (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Component (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Component (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Capacitor (2017-2030)

10.2.2.  Market Revenue and Forecast, by Component (2017-2030)

10.2.3.  Market Revenue and Forecast, by End User (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Component (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Component (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Component (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Component (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Capacitor (2017-2030)

10.3.2.  Market Revenue and Forecast, by Component (2017-2030)

10.3.3.  Market Revenue and Forecast, by End User (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Component (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Component (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Component (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Component (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Capacitor (2017-2030)

10.4.2.  Market Revenue and Forecast, by Component (2017-2030)

10.4.3.  Market Revenue and Forecast, by End User (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Component (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Component (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Component (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Component (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Capacitor (2017-2030)

10.5.2.  Market Revenue and Forecast, by Component (2017-2030)

10.5.3.  Market Revenue and Forecast, by End User (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Component (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Capacitor (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Component (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by End User (2017-2030)

Chapter 11.  Company Profiles

11.1.              Koninklijke Philips N.V.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              General Electric Company (GE Healthcare)

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Ascom

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Spok, Inc.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Masimo

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Hill-Rom Services, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Vocera Communications

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Capsule Technologies, Inc.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Johnson Controls

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           West-Com

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/39043

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com

Leave a Reply

Your email address will not be published. Required fields are marked *