Clinical Alarm Management Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022 to 2028

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Clinical Alarm Management Market: 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 Geography

 

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Report

Description

Clinical Alarm Management Market is estimated to be valued at USD 1,346.7 Million in 2021 and is poised to grow at a significant CAGR of 21.6% over 2022-2028. 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 clinical alarm management 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 Clinical alarm management market. Based on the end users, the clinical alarm management market is segmented into hospitals, long-term care centers, and ambulatory surgery center & home care settings. In 2021, the hospital’s segment reported the largest share of the clinical alarm management 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. The 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 the significant factors accelerating the growth of the 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.

Clinical Alarm Management Market

MARKET SUMMARY
-
21.6%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 21.6%
  • Largest Market– North-America
  • Fastest Growing Market– Europe

Clinical Alarm Management Market

  • The clinical alarm management market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The clinical alarm management market is segmented based on type, component, end users and geography.
key players
  • Koninklijke Philips N.V. (Netherlands)
  • Vocera Communications (US)
  • GE Healthcare (US)
  • Ascom (Switzerland)
  • Spok, Inc. (US)
Clinical Alarm Management Market Dynamics

The rise is attributed to the rising prevalence of chronic diseases, extended hospital stays, and increased awareness among healthcare providers about optimizing patient safety through advanced technologies such as mHealth and alarm management systems. Furthermore, government and private healthcare providers’ increased investment in healthcare infrastructure is expected to fuel market growth. Systems that are not adequately managed or standardized may create false alarms, putting patient health at risk. According to the OECD’s Health at a Glance 2019 report, nearly one-third of people aged 15 and over in 27 OECD countries reported living with two or more chronic conditions, including cancer, heart attack and stroke, chronic respiratory problems, and diabetes. Chronic diseases affect nearly one in every two people in Germany and Finland.


North-America got significant share

Clinical Alarm Management Market

The Clinical Alarm Management market in North America will likely hold the highest revenue share in 2021. The same trend is expected over the forecast period due to an increase in alarm fatigue cases and government initiatives to mitigate the effects of alarm fatigue, and the growing need for integrated healthcare IT systems to ensure reliability, efficient data maintenance, data integrity, and timely availability of patient data to authorized healthcare professionals. Moreover, the presence of major market players, such as GE Healthcare, Ascom, and Koninklijke Philips N.V. in the region is also expected to fuel market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Clinical Alarm Management Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The global clinical alarm management market was anticipated at USD 1,346.7 million in 2021

 

 

Koninklijke Philips N.V. (Netherlands), Vocera Communications (US), GE Healthcare (US), Ascom (Switzerland), Spok, Inc. (the US), Masimo (US), Cornell Communications (US), Drägerwerk AG & Co. KGaA (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Baxter (US) are the key players of the clinical alarm management market.


Report

Company Profile

  • Koninklijke Philips N.V. (Netherlands)
  • Vocera Communications (US)
  • GE Healthcare (US)
  • Ascom (Switzerland)
  • Spok, Inc. (US)
  • Masimo (US)
  • Cornell Communications (US)
  • Drägerwerk AG & Co. KGaA (Germany)
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
  • Baxter (US)

Description

Clinical Alarm Management Market is estimated to be valued at USD 1,346.7 Million in 2021 and is poised to grow at a significant CAGR of 21.6% over 2022-2028. 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 clinical alarm management 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 Clinical alarm management market. Based on the end users, the clinical alarm management market is segmented into hospitals, long-term care centers, and ambulatory surgery center & home care settings. In 2021, the hospital’s segment reported the largest share of the clinical alarm management 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. The 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 the significant factors accelerating the growth of the 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.

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