Outstanding Growth Global Clinical Alarm Management Market Trends by Countries, Type and Application | MRFR

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The 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

Clinical Alarm Management Market Overview

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.

There is a high demand of clinical alarm management in hospitals, clinics, intensive care units (ICU), and other healthcare facilities. The key factors contributing for the market growth are growing awareness about the patient safety, rising demand for best practices in hospitals and healthcare centers, and rising government regulation regarding patient safety boosts the clinical alarm management market growth.

Clinical alarm management Market Competitive Landscape:

Koninklijke Philips N.V., Medtronic, Baxter, Vocera Communications, Mindray Medical International, GE Healthcare, Ascom Holdings, Spok, Inc. (Subsidiary of Spok Holdings, Inc.), Masimo, Connexall, Drager, Bernoulli Enterprise, Inc., Capsule Technologie (Subsidiary of Qualcomm Life, Inc.), Mobile Heartbeat (Subsidiary of Hospital Corporation of America) are some of the major players for global clinical alarm management market.

The clinical alarm is an essential solution for proper patient monitoring during critical conditions, the safety of the patients, and alert the healthcare staff regarding changes in a patient’s condition. Clinical alarm management is high in demand in clinics, hospitals, intensive care units, and healthcare facilities owing to the rising awareness regarding patient safety, increasing government mandates regarding the safety of the patients, and surging demand for best practices in healthcare centers and hospitals.

The market’s course is chiefly directed by the rising incidences of chronic diseases, need for cost-containment in the healthcare delivery, growth in the geriatric population, and increasing prominence of mHealth tools and big data.

Clinical alarm management Market Regional Insights

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.

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.

 

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