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Global Clinical Alarm Management Market Report and Forecast 2024-2032

Publisher Expert Market Research
Published Feb 09, 2024
Length 140 Pages
SKU # EMAR18558270

Description

Global Clinical Alarm Management Market Report and Forecast 2024-2032


Global Clinical Alarm Management Market Report and Forecast 2024-2032

Global Clinical Alarm Management Market Outlook

The global clinical alarm management market size was valued at USD 2.53 billion in 2023, driven by increase in research activities on disease treatment across the globe. The market size is anticipated to grow at a CAGR of 17.7% during the forecast period of 2024-2032 to achieve a value of USD 10.8 billion by 2032.

Clinical Alarm Management: Introduction

Clinical alarm management is a critical healthcare process aimed at enhancing patient safety by optimizing the use of alarm systems. It involves strategies to reduce alarm fatigue—a condition where clinicians become desensitized to frequent alarms—by prioritizing, customizing, and managing the settings and thresholds of clinical alarms. This ensures that healthcare professionals respond promptly and accurately to genuine patient care alerts, thereby improving response times, reducing unnecessary noise, and enhancing the overall quality of patient care.

Key Trends in the Global Clinical Alarm Management Market

Innovations in alarm systems are leading to more sophisticated and integrated solutions, enabling better customization and prioritization of alarms to address alarm fatigue effectively.

There's an increasing awareness of the negative impact of alarm fatigue on healthcare providers, leading to more focused efforts on improving alarm management systems and protocols.

Clinical alarm systems are increasingly being integrated with other healthcare IT systems to provide a more cohesive and efficient patient monitoring and response system.

There is increasing prevalence for patient centric approaches. Engaging patients in their own alarm management, such as allowing them to adjust non-critical alarms, to improve comfort and satisfaction. Development of systems that not only monitor physiological parameters but also consider patient contextual information to reduce unnecessary alarms.

Adherence to stringent regulatory requirements regarding the reliability and effectiveness of clinical alarm systems is also a market trend. Implementation of safety standards and best practices to ensure that clinical alarm systems are reliable and contribute positively to patient outcomes.

There's a growing focus on training healthcare staff to effectively manage alarms and respond promptly, ensuring that alarms serve their intended purpose without overwhelming clinicians.

Global Clinical Alarm Management Market Segmentation

Market Breakup by Product Type
  • Nurse Call Systems
  • Physiological Monitors
  • Bed Alarms
  • EMR Integration Systems
  • Ventilators
  • Others
Market Breakup by Components
  • Solutions
  • Services
Market Breakup by Technology
  • Wearable Devices
  • Telemetry Systems
  • Real-time ECG Monitoring Systems
  • Wireless Systems
  • Others
Market Breakup by Application
  • Clinical Decision Support Tools
  • Mobility Solutions
  • Clinical Workflow Solutions
  • Alarm Auditing Tools
  • Alarm Reporting Tools
  • Others
Market Breakup by End User
  • Hospitals
  • Long-term Care Centres
  • Ambulatory Surgical Centres
  • Home Care Settings
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Global Clinical Alarm Management Market Overview

North America region is likely to lead in adoption due to advanced healthcare infrastructure, stringent regulatory standards for patient safety, and high awareness about alarm fatigue and its impacts. The presence of key market players and technological innovators also drives the market in this region.

Europe shows significant growth with strong regulatory frameworks emphasizing patient safety and healthcare quality. Countries like Germany, the UK, and France may be at the forefront due to their advanced healthcare systems and emphasis on healthcare IT solutions.

Asia-Pacific experienced rapid growth, driven by improving healthcare infrastructure, increasing investments in healthcare IT, and growing awareness about patient safety and quality of care. Countries like Japan, China, and Australia might be key contributors to market growth in this region.

Global Clinical Alarm Management Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • Koninklijke Philips N.V.
  • General Electric Company
  • Ascom
  • Spok
  • Masimo
  • Baxter
  • Stryker
  • Medtronic
  • Drägerwerk AG & Co. KGaA
  • West-Com Nurse Call Systems, Inc
  • Connexall, GlobeStar Systems Inc
  • Ascom Holding AG
  • Capsule Technologies, Inc.
  • Mobile Heartbeat
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

*Please Note:* The report will take 7 business days to complete, after order confirmation.

Table of Contents

140 Pages
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Clinical Alarm Management Market Overview
3.1 Global Clinical Alarm Management Market Historical Value (2017-2023)
3.2 Global Clinical Alarm Management Market Forecast Value (2024-2032)
4 Global Clinical Alarm Management Market Landscape
4.1 Global Clinical Alarm Management Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Clinical Alarm Management Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Technology
4.2.3 Analysis by Application
5 Global Clinical Alarm Management Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Clinical Alarm Management Market Segmentation
6.1 Global Clinical Alarm Management Market by Product Type
6.1.1 Market Overview
6.1.2 Nurse Call Systems
6.1.3 Physiological Monitors
6.1.4 Bed Alarms
6.1.5 EMR Integration Systems
6.1.6 Ventilators
6.1.7 Others
6.2 Global Clinical Alarm Management Market by Components
6.2.1 Market Overview
6.2.2 Solutions
6.2.3 Services
6.3 Global Clinical Alarm Management Market by Technology
6.3.1 Market Overview
6.3.2 Wearable Devices
6.3.3 Telemetry Systems
6.3.4 Real-time ECG Monitoring Systems
6.3.5 Wireless Systems
6.3.6 Others
6.4 Global Clinical Alarm Management Market by Application
6.4.1 Market Overview
6.4.2 Clinical Decision Support Tools
6.4.3 Mobility Solutions
6.4.4 Clinical Workflow Solutions
6.4.5 Alarm Auditing Tools
6.4.6 Alarm Reporting Tools
6.4.7 Others
6.5 Global Clinical Alarm Management Market by End User
6.5.1 Market Overview
6.5.2 Hospitals
6.5.3 Long-term Care Centres
6.5.4 Ambulatory Surgical Centres
6.5.5 Home Care Settings
6.5.6 Others
6.6 Global Clinical Alarm Management Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Clinical Alarm Management Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Clinical Alarm Management Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Clinical Alarm Management Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Clinical Alarm Management Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Clinical Alarm Management Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Regulatory Framework
16 Supplier Landscape
16.1 Koninklijke Philips N.V.
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisition
16.1.5 Certifications
16.2 General Electric Company
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisition
16.2.5 Certifications
16.3 Ascom
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisition
16.3.5 Certifications
16.4 Spok
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisition
16.4.5 Certifications
16.5 Masimo
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisition
16.5.5 Certifications
16.6 Baxter
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisition
16.6.5 Certifications
16.7 Stryker
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisition
16.7.5 Certifications
16.8 Medtronic
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisition
16.8.5 Certifications
16.9 Drägerwerk AG & Co. KGaA
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisition
16.9.5 Certifications
16.10 West-Com Nurse Call Systems, Inc
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisition
16.10.5 Certifications
16.11 Connexall, GlobeStar Systems Inc
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisition
16.11.5 Certifications
16.12 Ascom Holding AG
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisition
16.12.5 Certifications
16.13 Capsule Technologies, Inc.
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisition
16.13.5 Certifications
16.14 Mobile Heartbeat
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisition
16.14.5 Certifications
16.15 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
16.15.1 Financial Analysis
16.15.2 Product Portfolio
16.15.3 Demographic Reach and Achievements
16.15.4 Mergers and Acquisition
16.15.5 Certifications
17 Global Clinical Alarm Management Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.

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