The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s clinical alarm management market report forecasts the clinical alarm management market size to grow to $5.18 Billion by 2027, with a CAGR (compound annual growth rate) of more than 21%.

Learn More On The Clinical Alarm Management Market Report 2023 – https://www.thebusinessresearchcompany.com/report/clinical-alarm-management-global-market-report

Clinical Alarm Management Market Size Forecast
The global clinical alarm management market is expected to grow from $1.98 billion in 2022 to $2.39 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The clinical alarm management market size is expected to grow to $5.18 billion in 2027 at a CAGR of 21.4%.

North America held the largest clinical alarm management market share.

Key Clinical Alarm Management Market Driver ­– Growth In Cases Of Alarm Fatigue
For instance, in 2020, according to The Joint Commission, a US-based non-profit tax-exempt organization, alarm alert, and notification overload which mainly led to alarm fatigue were one of the top 10 health technology hazards and failure to respond to clinical alarms ranked 8th on The Joint Commission’s list of top 10 sentinels (never) events. Thus, growing alarm fatigue is increasing the adoption of the clinical alarm management solution which is driving the clinical alarm management market.

Request for A Sample Of The Global Clinical Alarm Management Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7876&type=smp

Key Clinical Alarm Management Market Trend – Implementing Big Data And Artificial Intelligence
Major companies operating in the market are advancing toward the use of big data and artificial intelligence (AI) to meet customer demand. For instance, in September 2021, Medtronic, an Ireland-based medical device company, partnered with Statis Health, a wholly-owned subsidiary of Stasis Labs based in the US, to provide a Stasis Monitor in India. Stasis Monitor is a patented artificial intelligence-enabled bedside patient monitoring system that has been cleared by the FDA to automate, digitise, document, and communicate critical patient information. Using predictive AI, this device alerts staff when a patient’s condition deteriorates. This monitor provides six vital signs in a single monitor including heart rate, blood oxygen level, electrocardiogram, respiratory rate, blood pressure, and temperature. It also connects with a tablet and cloud-connected app to enable remote monitoring across devices.

Clinical Alarm Management Market Segment
1) By Product: Physiological Monitors, Nurse Call Systems, Ventilators, Bed Alarms, Anesthesia Machines, Telemetry Monitors, Feeding Pumps, Other Products
2) By Component: Solutions, Services
3) By End-User: Hospitals and Clinics, Home Care Settings, Ambulatory Care Centers, Long-Term Care Facilities, Specialty Centers

Clinical Alarm Management Market Major Players and Strategies
Major players in the clinical alarm management market are Koninklijke Philips NV, GE Healthcare, Ascom Holdings, Spok Holdings Inc., Masimo, Vocera Communications, Medtronic, Dragerwerk AG, Connexall, Mobile Heartbeat, Hill-Rom Services Inc., Cornell Communications, Intercall Systems Inc., and Critical Alert.

In January 2021, Philips, a Netherlands-based health technology company, acquired Capsule Technologies for $635 million. Through this acquisition, Philips aimed to boost and scale its patient care management solutions portfolio including real-time patient monitoring across all healthcare settings. Capsule Technologies is a US-based provider of medical device integration and information solutions for healthcare providers including Capsule Surveillance, which aligns alert notifications to clinical practice.

The Clinical Alarm Management Global Market Report 2023 covers regional data on clinical alarm management market size, clinical alarm management market trends and drivers, opportunities, strategies, and clinical alarm management market competitor analysis. The countries covered in the clinical alarm management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The way a healthcare team responds to unfavourable changes in a patient’s condition is referred to as clinical alarm management. These are used in home and hospital settings in order to utilize technology and improve patient care, save time and money, and reduce alarm fatigue.

View More Reports Related To The Clinical Alarm Management Market –
Alarm Systems And Equipment Global Market Report 2023
Clinical Decision Support Systems Global Market Report 2023
Alarm Monitoring Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: