Clinical Alarm Management Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2030.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the clinical alarm management market include Koninklijke Phillips N.V, Vocera communications, GE Healthcare, Ascom, Spok Inc, Masimo, Connexall, Capsule Technologies Inc, Cornell communications, Mobile Heartbeat, Dragerwerk AG & Co KGaA, Shenzhen Mildray Bio-Medical Electronic co. Ltd, Baxter, Intercall systems Inc, Medtronic, Johnson Controls, West-com Nurse call system, Critical, CSine, Live Sentinel, Amplion Clinical Communication Inc, Cerner Corporation, Alpha Communications, Fujian Huanyutong Technology Co. Ltd and Tunstall Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The safety of the patient is the top priority for healthcare providers, and reducing the risk of harm from clinical alarms is an important part of this effort. Clinical alarm management solutions can help to improve patient safety by reducing the incidence of false alarms and ensuring that critical alarms are responded to promptly. The usage of electronic health records (EHRs) has increased in recent years, and this has led to a greater reliance on medical devices that generate alarms. Clinical alarm management solutions can help to integrate and manage these alarms within the EHR system. Regulatory bodies, i.e. Joint Commission and FDA, have issued guidelines and recommendations for managing clinical alarms. Healthcare providers must comply with these regulations, and clinical alarm management solutions can help to facilitate compliance. Advances in technology, such as machine learning and artificial intelligence, are making it possible to develop more sophisticated clinical alarm management solutions. These solutions can help to reduce the number of false alarms, prioritize alarms based on clinical significance, and streamline alarm response. The demand for patient monitoring devices is increasing as it leads to improved patient outcomes and reduced healthcare costs. Clinical alarm management solutions can help to manage the alarms generated by these devices and improve patient safety.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of clinical alarm management. The growth and trends of clinical alarm management industry provide a holistic approach to this study.
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Market Segmentation
This section of the clinical alarm management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Solutions
- Service
By Product
- Nurse Call Systems
- Physiological Monitors
- EMR Integration Systems
- Ventilators
- Others Products
By End-User
- Hospitals
- Long-Term Care Centers
- Ambulatory Care Centers & Home Care Settings Passive CDSS
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Clinical Alarm Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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According to research report the clinical alarm management market is expected to reach $1,724 million by 2023 from an estimated $457 million in 2018, at a CAGR of 30.4% during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69939577Based on component, the global clinical alarm management market is segmented into two broad categories based on component, namely— solutions and services.
The services segment is expected to grow at the highest CAGR during the forecast period owing to the increasing adoption of clinical alarm management solutions and indispensable and recurring nature of services.Based on product, the global clinical alarm management market is categorized into nurse call systems, physiological monitors, EMR integration systems, bed alarms, ventilators, and others (infusion pumps and pulse oximeters).
The EMR integration systems segment is also expected to grow at the highest rate during the forecast period owing to the increased adoption of EHRs and other interoperability solutions in healthcare organizations, growing regulatory requirements & healthcare reforms, shift of point-of-care diagnostics from hospitals to home care settings, and the need for integrated healthcare systems to improve the quality and outcome of healthcare systems.The major players in the clinical alarm management market include Koninklijke Philips (Netherlands), Vocera Communications (US), Mobile Heartbeat (US), GE Healthcare (US), Ascom Holdings (Switzerland), Spok, Inc. (US), Bernoulli Enterprise (US), Connexall (Canada), Capsule Technologie (US), and Masimo Corporation (US).
These players have adopted various growth strategies, such as product launches and enhancements; acquisitions; expansions; and agreements, partnerships, mergers, and collaborations.
Product launches and partnerships and have been the most dominating strategy adopted by major players of clinical alarm software market from 2015 to 2018, which helped them to innovate on their offerings and broaden their customer base.Recent Developments -• In October 2017, GE Healthcare (US) entered into partnership with Ascom (Switzerland) to enable the addition of alarm management solution called Digistat Patient Watch to GE Healthcare’s portfolio of solutions for the intensive care.• In August 2017, Ascom (Switzerland) partnered with Dräger (Germany) to deliver clinical alarm management solutions to healthcare providers.• In October 2016, Vocera Communications (US) acquired Extension Healthcare (US).
This was expected to enable Vocera add Extension Healthcare’s complementary software to Vocera’s Communication Platform and expand customer relationships and grow software revenue faster by providing highly relevant cross-selling opportunities.Request For Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=69939577North America is estimated to account for the largest share of the clinical alarm software market in 2018.
