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Global Clinical Alarm Management Market Size, Share, Report: By Product Type: Nurse Call Systems, Physiological Monitors, Bed Alarms, EMR Integration Systems, Ventilators, Others; By Components: Solutions, Services; By Technology; By Application; By End User; Regional Analysis; Market Dynamics; Supplier Landscape; 2024-2032
Global Clinical Alarm Management Market Outlook:
The global clinical alarm management market size was valued at USD 2.5 billion in 2023, driven by increasing technological advancements like artificial intelligence. 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 refers to the management of patient conditions with the help of alerts generated through device alarms. It is the process of designing, implementing, and evaluating strategies for an effective and accurate alarm systems in clinical settings. Clinical alarm management is the response of the healthcare team to a patient's condition that has changed for the worse in most cases.
Global Clinical Alarm Management Market Analysis
The market growth is driven by the continuous efforts of market players to present innovative and technologically enhanced devices that are helpful in providing better patient outcomes. For instance, the introduction of the latest innovative multimedia capabilities in nurse call systems by Cornell Communications and the groundbreaking Esprit-ai Sense™ Smart Bed Alarm by Espirit-ai Sense are poised to contribute to the clinical alarm management market growth. Cornell Communication's new app, InformTM I A Mobile, offers enhanced communication within senior care communities, fostering a more efficient and user-friendly platform for staff text/chat and two-way resident and community communication. The inclusion of multimedia features is expected to expand the utility of nurse call systems, addressing a broader range of needs in care facilities.
Simultaneously, Espirit-ai Sense™ Smart Bed Alarm brings a revolutionary approach to bed alarms by positioning the device under the mattress for comfort and the ability to detect multiple occupants. This innovation not only ensures a comfortable experience for residents but also eliminates hygienic and environmental concerns associated with traditional bed alarms.
The highly customizable nature of Esprit-ai Sense™ Smart Bed Alarm, catering to individual mobility levels, and providing detailed sleep quality analysis, reflects a holistic approach to patient care. The clinical alarm management market demand is also driven by the rapid advancements and the growing demand for sophisticated clinical alarm management solutions.
Global Clinical Alarm Management Market Segmentations
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
The growth of the market is driven by the increasing technological advancements, including artificial intelligence and big data. Reduction in healthcare costs and medical errors, resulting from the utilization of such clinical alarm systems, is a major factor contributing to the increased demand in the market. This increased demand is potentially bolstering the clinical alarm management market growth.
The market growth is also driven by increased government initiatives and investments to upgrade healthcare settings. The increasing geriatric patient population is also a major factor driving the market growth as they particularly require more attention. Healthcare providers are also becoming aware of the importance and benefits of such systems, further propelling the market growth.
North America has been dominating the global market and is expected to lead the market during the forecast period. The clinical alarm management market demand is driven by the increased healthcare advancements in the region. The increasing alarm fatigue and government initiatives to tackle this fatigue are major factors driving the market growth.
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.
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Components |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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.
Key Questions Answered in the Report
The market attained a value of about USD 2.5 billion in 2023, driven by increased technological advancements.
The market is anticipated to grow at a CAGR of 17.7% during the forecast period of 2024-2032, likely to reach a market value of USD 10.8 billion by 2032.
The increasing geriatric patient population, increased alarm fatigue, increased government initiatives and investments, are among the major factors driving the market growth.
New and improved innovations by market key players are influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America is currently leading the global market.
The product types can be categorized into nurse call systems, physiological monitors, bed alarms, EMR integration systems, and ventilators, among others.
The components of clinical alarm management can be divided into solutions and services.
Technologies in the market include wearable devices, telemetry systems, real-time ECG monitoring systems, and wireless systems, among others.
The end users in the market include hospitals, long-term care centres, ambulatory surgical centres, and home care settings, among others.
Key players involved in the market are 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., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and Mobile Heartbeat.
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