Clinical Alarm Management Market Size, Share, And Growth Report 2032

Clinical Alarm Management Market Size

The global clinical alarm management market size was worth around USD 2.85 billion in 2023 and is predicted to grow to around USD 5.42 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.4% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the clinical alarm management market on a global and regional level.

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Clinical Alarm Management Market: Overview

Alarm management is a system that is used for grouping, prioritizing, and classifying alerts. Clinical alarm management enables healthcare providers to react quickly to patient emergencies. Clinical alarm management is one of the most talked about topics of recent times. Clinical alarm systems are playing a vital role in providing quality care to patients. Clinical alarms must be precise and spontaneous and the alerts must be easily interpreted and responded to by the healthcare providers.

The growing alarm fatigue, rising incidences of chronic diseases, increasing geriatric population base, growing demand for cost-control in healthcare delivery, rising awareness regarding enhancing patient safety, huge investments in MedTech by governments, and quick implementation of clinical decision support tools are major factors driving the growth of the global clinical alarm management market. Growing importance and use of mHealth tools and big data will act opportunities for the players operating in the clinical alarm management market globally. Nonetheless, the dearth of skilled professionals, the absence of product standardization all around the world, and the lack of awareness about clinical alarm management may restrict the global clinical alarm management market development.

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Clinical Alarm Management Market: Segmentation

The study provides a decisive view of the clinical alarm management market by segmenting it based on component, product, end-user, and region.

Based on component, the clinical alarm management market includes services (consulting and integration and implementation) and solutions. The solutions segment is expected to dominate the market over the estimated time period, due to the multiple benefits of this software, which enables the caregivers to make informed decisions on fixing parameter limits and alarm protocols.

The product segment is divided into physiological monitors, nurse call systems, ventilators, EMR integration systems, bed alarms, and others. The nurse call systems segment dominated the application segment in 2023.

The end-user segment is fragmented into long-term care centers, hospitals, and home care settings and ambulatory care centers. Home care settings and ambulatory care centers are likely to dominate the end-user segment in the years ahead, due to the growing need for streamlining administrative tasks, protecting clinical information, and developing access to vital data.

Clinical Alarm Management Market: Report Scope

Clinical Alarm Management Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.

By region, North America will be the leading region over the forecast time period. North America accounted for more than 41% of the global clinical alarm management market share in 2023. Growing alarm fatigue cases, multiple measures taken by government organizations to limit alarm fatigue effects, and the early adoption of the latest technologies will boost the North American market in the future. The Asia Pacific clinical alarm management market is likely to propagate at a speedy rate over the forecast time period, due to the growing geriatric population base, rising demand for cost-control in healthcare delivery, increasing awareness regarding enhancing patient safety, and growing number research and development activities related to clinical alarm management applications.

Clinical Alarm Management Market: Competitive Players

Some major players in the global clinical alarm management market are:

• Vocera Communications
• Koninklijke Philips
• Spok
• Ascom Holdings
• Bernoulli Enterprise
• Mobile Heartbeat
• Connexall
• GE Healthcare
• Masimo Corporation
• Capsule Tech

The Global Clinical Alarm Management Market is segmented as follows:

Global Clinical Alarm Management Market: By Component

• Services
  • Consulting
  • Integration and Implementation
• Solutions

Global Clinical Alarm Management Market: By Product

• Physiological Monitors
• Nurse Call Systems
• Ventilators
• EMR Integration Systems
• Bed Alarms
• Others

Global Clinical Alarm Management Market: By End-User

• Long-Term Care Centers
• Hospitals
• Home Care Settings and Ambulatory Care Centers

Global Clinical Alarm Management Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa