Clinical Alarm Management Market by Component (Services, Solutions), by Product (Nurse Call Systems, Physiological Monitors, Bed Alarms, EMR Integration Systems, Ventilators), by End-User (Hospitals, Ambulatory Care Centers) – Global Analysis & Forecast, 2020 – 2027

    14-January-2021 | 245 Pages | | Report Code : RC-262

The Global Clinical Alarm Management Market is expected to grow at a CAGR of 29.8% from 2020 to 2027. The growing investment in healthcare infrastructure by government and private health care providers is fueling the market demand. Moreover, increasing awareness among healthcare providers in optimizing patient safety has also supplemented the growth of the market. However, the risk of false alarms and improper management of the systems are important considerations limiting the market growth. Implementation of artificial intelligence to optimize the workflow and innovation in product technologies will be fueling the market during the forecast period.

 

The global clinical alarm management market is segmentedby component, product, and end-user.The solutions and services are the segmentations of the component segment. The services segment is further divided into implementation & integration, and consulting. The product segment is categorizedintonurse call systems, physiological monitors, bed alarms, EMR integration systems, ventilators, and others. The end-user segment is divided into long-term care centers, hospitals, and ambulatory care centers & home care settings.

 

By component, the solutionssegment dominated the market in 2020 and anticipated to continue its growth trend during the forecast period. The growth is attributed to its advantages such as accurate data reading and to enable caregivers in making informed decisions on setting alarm protocols and parameter limits. In the product segment, the EMR integration systems segment is expected to attain the fastest CAGR during the forecast period, driven by the technological developments in EMR systems, growing pressure to cut healthcare cost, and increasing incidence of chronic disorders among others. The hospitals dominated the end-user segment owing to the increasing multi-specialty hospitals around the world globally.

 

North America accounted for the major market share in the global clinical alarm management market, owing to well-established healthcare infrastructure and the presence of prominent players in the region. Key players are focusing on growth strategies such as product launches, partnerships, and agreements to increase their market presence.The leading market players in the clinical alarm management market are Koninklijke Philips, Vocera Communications, AscomHoldings, Spok, Inc., Bernoulli Enterprise, Connexall, Mobile Heartbeat, GE Healthcare, Capsule Technologie, and Masimo Corporation, among others.


Clinical Alarm Management Market Key Segments:

Component Segments
   Solutions
   Services
   o  Implementation and Integration
   o  Consulting

 

Products Segments
   Nurse Call Systems
   Physiological Monitors
   Bed Alarms
   EMR Integration Systems
   Ventilators
   Others

 

End-User Segments
   Hospitals
   Long-term Care Centers
   Ambulatory Care Centers & Home Care Settings

 

Geographical Segments:

  North America
   o  The U.S.
   o  Canada
   o  Mexico

•  Europe
   o  UK
   o  Germany
   o  France
   o  Spain
   o  Others

•  Asia-Pacific
   o  India
   o  China
   o  Japan
   o  Others

•  LAMEA
   o  Latin America
   o  The Middle East
   o  Africa

 

TOC NOT FOUND

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