New York, NY, May 28, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Clinical Alarm Management Market by Component (Services and Solutions), by Product (Physiological Monitors, Nurse Call Systems, Ventilators, EMR Integration Systems, Bed Alarms, and Others), and by End-User (Long-Term Care Centers, Hospitals, and Home Care Settings & Ambulatory Care Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global clinical alarm management market was approximately USD 455 million in 2018 and is expected to generate around USD 2,983 million by 2025, at a CAGR of around 30.9% between 2019 and 2025.
Clinical alarm management facilitates prioritization and sifting of patient occurrence notifications. An ideal clinical alarm management solution classifies and dispenses alarms, enhances workflow, lessens noise stages, and improves patient care. Alarm management structures decrease the number of needless alarms to progress readability and concentration for individual observing.
Browse through 55 Tables & 28 Figures spread over 110 Pages and in-depth TOC on “Global Clinical Alarm Management Market: By Product Type, Size, Industry Share, Market Trends, Growth, Analysis and Forecast, 2018–2025”.
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The growing alarm fatigue, rising incidences of chronic diseases, increasing geriatric population base, growing demand for cost-control in healthcare delivery, raising awareness regarding enhancing patient safety, huge investments in MedTech by governments, and quick implementation of clinical decision support tools are major factors driving the growth of the global clinical alarm management market. Growing importance and use of mHealth tools and big data will act opportunities for the players operating in the clinical alarm management market globally. Nonetheless, the dearth of skilled professionals, the absence of product standardization all around the world, and the lack of awareness about clinical alarm management may restrict the global clinical alarm management market development.
The global clinical alarm management market is split into component, product, and end-user. Based on component, the clinical alarm management market includes services (consulting and integration and implementation) and solutions. The solutions segment is expected to dominate the market over the estimated time period, due to the multiple benefits of this software, which enables the caregivers to make informed decisions on fixing parameter limits and alarm protocols. The product segment is divided into physiological monitors, nurse call systems, ventilators, EMR integration systems, bed alarms, and others. The nurse call systems segment dominated the application segment in 2018. The end-user segment is fragmented into long-term care centers, hospitals, and home care settings and ambulatory care centers. Home care settings and ambulatory care centers are likely to dominate the end-user segment in the years ahead, due to the growing need for streamlining administrative tasks, protecting clinical information, and developing access to vital data.
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By region, North America will be the leading region over the forecast time period. North America accounted for more than 41% of the global clinical alarm management market share in 2018. Growing alarm fatigue cases, multiple measures taken by government organizations to limit alarm fatigue effects, and the early adoption of the latest technologies will boost the North American market in the future. The U.S. is the leading market by country in North America and will progress at the topmost CAGR over the anticipated timeframe.
Europe will display substantial market growth in the future, chiefly due to the growing requirement for combined healthcare IT systems to guarantee the reliability, effective maintenance of figures, information integrity, and timely readiness of patient statistics.
Browse the full “Clinical Alarm Management Market by Component (Services and Solutions), by Product (Physiological Monitors, Nurse Call Systems, Ventilators, EMR Integration Systems, Bed Alarms, and Others), and by End-User (Long-Term Care Centers, Hospitals, and Home Care Settings & Ambulatory Care Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/clinical-alarm-management-market
The Asia Pacific clinical alarm management market is likely to propagate at a speedy rate over the forecast time period, due to the growing geriatric population base, rising demand for cost-control in healthcare delivery, increasing awareness regarding enhancing patient safety, and growing number research and development activities related to clinical alarm management applications. India, China, and Japan are expected to take forward the clinical alarm management market growth in the years ahead.
Latin America will record rapid progress in the clinical alarm management market over the estimated timeframe, due to the increasing investments by key players in the region, raising awareness about applications of clinical alarm management, and efforts taken by governments. The Middle Eastern and African region is predicted to show limited market growth owing to the dearth of skilled professionals and the absence of latest healthcare set-up.
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Some major players of the global clinical alarm management market are Vocera Communications, Koninklijke Philips, Spok, Ascom Holdings, Bernoulli Enterprise, Mobile Heartbeat, Connexall, GE Healthcare, Masimo Corporation, and Capsule Tech.
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This report segments the global clinical alarm management market into:
Global Clinical Alarm Management Market: By Component
- Services
- Consulting
- Integration and Implementation
- Solutions
Global Clinical Alarm Management Market: By Product
- Physiological Monitors
- Nurse Call Systems
- Ventilators
- EMR Integration Systems
- Bed Alarms
- Others
Global Clinical Alarm Management Market: By End-User
- Long-Term Care Centers
- Hospitals
- Home Care Settings and Ambulatory Care Centers
Global Clinical Alarm Management Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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