Clinical Alarm Management Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Nurse Call Systems, Physiological Monitors, Bed Alarms, EMR Integration Systems, Ventilators, Others), By Component (Solutions, Services), By End Users (Hospitals, Long-Term Care Centres, Ambulatory Care Centres, Home Care Settings) and Region  

Clinical Alarm Management Market size was valued at US$ 1,847.6 million in 2023 and is poised to grow at a significant CAGR of 21.9% from 2024-2030. Clinical alarms notify caregivers of potentially dangerous or urgent patient situations. Clinical alarms, commonly used in hospitals, long-term care facilities, ambulatory care facilities, and home care settings, come in various forms, including nurse call systems, physiological monitors, bed alarms, and EMR integration systems. Clinical alarms were created primarily to warn caregivers while on the job, and this tool helps remind caregivers to provide better patient care. The clinical alarm management solution helps medical facilities reduce noise levels, streamline workflow, and provide better patient care. Caregivers are typically alerted to current or impending dangerous patient situations, and clinical alarm management is required to ensure that the alarms work correctly and effectively. In an emergency, the caregiver can attend to the patient correctly and take the necessary action as quickly as possible by reducing response time.

The best clinical alarm management system increases the efficiency of medical staff members and provides a precise response to issues that patients encounter in medical facilities. Based on the type, the global market is segmented into Nurse Call Systems, Physiological Monitors, Bed Alarms, EMR Integration Systems, Ventilators, and Others. The Nurse Call segment is anticipated to grow at a significant CAGR over the forecast years. This market can be attributed to research organizations efforts to reduce the dangers of alarm fatigue, the rise in the number of technologically advanced nurse call systems introduced to the market, and healthcare providers' increased focus on creating alarm management strategies to lessen alarm fatigue.

Moreover, The Hospitals segment reported the largest share of the global market. Based on the end users, the market is segmented into hospitals, long-term care centers, and ambulatory surgery center & home care settings. In 2021, the hospitals segment reported the largest share of the market. The major market share of this category may be attributed to the expanded use of clinical alarm management solutions and the rise in government-led initiatives to raise the standard of healthcare. Factors such as the increasing adoption of EHRS, increasing cases of chronic diseases, rising alarm fatigue, and a growing aging population are expected to emerge as significant factors accelerating the growth of the market.

Clinical Alarm Management Market Key Developments

In May 2021, Vocera Communications, Inc. signed a distribution agreement with Wavelink, which will procure Vocera solutions for large and small healthcare organizations throughout Australia.