Market Research Future (MRFR) proposes that the global clinical alarm management market is slated to demonstrate 30.4% CAGR during the forecast period (2018-2023). Rising awareness regarding patient safety is highly favoring the market growth. Clinical alarms offer critical warnings to healthcare physicians or caretakers regarding a patient’s condition. Such devices are generally used in clinics and homes and hospitals. Clinical alarm management devices are developed using different non-invasive technology and software in order to monitor the condition of a patient. These solutions are extensively adopted by the ambulatory surgical centers and hospitals to respond to clinical alarms. They are implemented for some applications and include mobility solutions, clinical decision support tools, alarm auditing software, central monitoring systems, and clinical alarm reporting software.
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Clinical Alarm Management Market Segmentation:
The global clinical alarm management market has been segmented on the basis of component, product, and end-user.
By mode of product, the global clinical alarm management market has been segmented into physiological monitors, nurse call systems, bed alarms, EMR integration systems, mobility solutions, ventilators, clinical decision support tools, and central monitoring systems. Among these, the EMR integration systems segment is likely to occupy a significant share in the global market. The growth is credited to the burgeoning adoption of EHRs and interoperability solutions in the healthcare organizations, shift of POC diagnostics from hospitals to home care settings, rising healthcare reforms and regulatory requirements, and the need for integrated healthcare systems in order to improve the outcome and quality of healthcare systems.
By mode of component, the global clinical alarm management market has been segmented into services and solutions. Among these, the solutions segment is predicted to occupy a significant share. The growth is credited to the frequent need for improvements and upgrades in the software applications.
By mode of end-users, the global clinical alarm management market has been segmented into long-term care centers, hospitals, and ambulatory care centers & home care settings.
Clinical Alarm Management Market Key Players
The prominent players operating the global clinical alarm management market are Bernoulli Enterprise Inc., GE Healthcare, Medtronic, Ascom Holdings, Baxter, Mobile Heartbeat (Subsidiary of Hospital Corporation of America), Drager, Mindray Medical International, Capsule Technologie (Subsidiary of Qualcomm Life, Inc.), Vocera Communications, Connexall, Spok, Inc. (Subsidiary of Spok Holdings, Inc.), Masimo, and Koninklijke Philips N.V.
Clinical Alarm Management Market Regional Analysis
Geographically, the clinical alarm management market span across regions namely, Europe, America, Asia-Pacific, and the Middle East and Africa.
Considering the global scenario, the American region is considered to dominate the global clinical alarm management market. Growing awareness regarding patient safety methods, increased healthcare infrastructure, and innovation by the healthcare companies are likely to influence the market. Moreover, awareness programs associated with clinical alarm management by organizations like the American Association of Critical-Care Nurses and Association for the Advancement of Medical Instrumentation are likely to add an impetus to the growth of the market.
Europe is predicted to occupy the second position due to the rising support from the government for the healthcare sector and surging awareness programs conducted by various foundations are estimated to contribute to the market growth. Factors like huge patient population and the increased number of hospitals in this region are highly influencing the market growth.
The Asia Pacific region is assumed to be the fastest growing region due to the presence of developing nations like China, India, and Australia. Moreover, with the increasing expenditure on healthcare by the government, innovation of latest technologies for instance launch of the mobile application in order to reduce noise in the hospitals, and development of software are some of the major factors contributing to the growth of the market in this region.
Table Of Content
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
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