Clinical Alarm Management Market Research Report - Global Forecast till 2025

Global Clinical Alarm Management Market Research Report: Information by Product (Nurse Call Systems, Physiological Monitors, EMR Integration Systems, Bed Alarms, Ventilators, Mobility Solutions, Central Monitoring Systems, Clinical Decision Support [CDC] Tools and others), Component (Solutions and Services), End-User (Hospitals and Clinics, Long-Term Care (LTC) Centers and Ambulatory Care Centers & Home Care Settings) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2025

ID: MRFR/HC/6041-HCR | February 2021 | Region: Global | 110 pages

Market Scenario


Clinical Alarm Management Market is expected to register a healthy CAGR over the forecast period. The market accounted for USD 513.6 Million in 2018 and is projected to register a CAGR of 30.6% during the forecast period. Clinical alarms are supposed to alert caregivers that an intervention with a patient is required, or to remind them that care needs to be provided. Clinical alarm management solution categorizes and distributes alarms, helps lead to improved workflow, lowers noise levels, and delivers enhanced patient care. Clinical alarms warn caregivers of immediate or potential adverse patient conditions. Factors representing the growth of global clinical alarm management are globally growing elder population coupled with rising prevalence of chronic diseases, increasing incidence of alarm fatigue, surging demand, and adoption of big data and mHealth tools. Alarm fatigue has emerged as a growing concern for patient safety in healthcare. As per the data provided by the US Food and Drug Administration (FDA), there were more than 560 alarm-related deaths in the US between 2005 and 2008. From January 2009 to June 2012, hospitals in the US reported 80 deaths and 13 severe injuries. On the contrary, lack of interoperability is anticipated to impede the market growth during the forecast period.


Segmentation


The Global Clinical Alarm Management Market has been segmented into product, component, end-user, and region.


By product, the market has been segmented into nurse call systems, physiological monitors, EMR integration systems, bed alarms, ventilators, mobility solutions, central monitoring systems, clinical decision support (CDC) tools, and others. The nurse call systems segment dominated the market in 2018 as these systems are increasingly used in healthcare facilities to enhance patient satisfaction, improve quality of care, and increase the productivity of caregivers.


Based on component, the global clinical alarm management market has been classified as solutions and services. The solutions segment is likely to spearhead the market over the forecast period owing to advantages provided by software to enable caregivers to make informed decisions on setting alarm protocols and parameter limits and to decrease the audio alarm burden.


On the basis of end-user, the global clinical alarm management market has been categorized as hospitals and clinics, long-term care (LTC) centers, and ambulatory care centers & home care settings. Clinical alarm management solutions are highly adopted by the ambulatory surgical centers and hospitals to respond to clinical alarms. The ambulatory care centers & home care settings segment would register the profitable market growth throughout the forecast period due to the rising adoption of clinical alarm management due to the increasing need for early detection and intervention as well as significant applications of clinical alarm management in remote patient monitoring.


The global clinical alarm management market has been segmented on the basis of region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The clinical alarm management market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.


The European clinical alarm management market has been segmented into Western Europe and Eastern Europe. The Western Europe clinical alarm management market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.


The clinical alarm management market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The clinical alarm management market in the Middle East & Africa has been segmented into the Middle East and Africa.


Key Players


Few of the leaders in the Global Clinical Alarm Management Market are Philips Healthcare, Medtronic plc, GE Healthcare, Capsule Technologies, Inc., Vocera Communications, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Ascom Holding AG, Spok Inc., Connexall (GlobeStar Systems Inc.), and Drägerwerk AG & Co. KGaA.


Regional Market Summary


Global Clinical Alarm Management Market Share (%), by Region, 2018
 Clinical Alarm Management Market


Source: White Papers, Company Presentations, Annual Reports, and MRFR Analysis


Geographically, the Americas held substantial market share in 2018 due to the increasing awareness about patient safety methods, rising cases of alarm fatigue, the presence of robust healthcare infrastructure, and willingness to adopt novel technologies. Research has demonstrated that 72% to 99% of clinical alarms are false. The high number of false alarms has led to alarm fatigue.


Europe would follow the Americas in terms of revenue owing to the rising burden of alarm fatigue, favorable government support for the healthcare sector, large patient population base, and the increasing number of hospitals in the UK, Germany, and France. An article published in the Biomedical Instrumentation & Technology (BI&T), a bi-monthly peer-reviewed journal stated that staff and families might be exposed to up to 700 alarms a day, causing a serious problem of alarm pollution.


Asia-Pacific is expected to register the fastest growth rate in the global clinical alarm management market owing to the large population base, growing geriatric population along with rising prevalence of chronic diseases, increasing awareness about clinical alarm management, and rising demand for cost-effective and high-quality clinical care in India, China, Japan, and Australia. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), about 535 million individuals were aged 60 years and above in 2015, which is projected to reach 1.3 billion by 2050.


The clinical alarm management market in the Middle East & Africa would exhibit a modest market growth rate from 2019 to 2025. The Middle East would lead the market during the assessment period. A number of Middle Eastern countries are investing in the modernization of their healthcare systems, which is supporting this market growth.


Global Clinical Alarm Management Market, by Product



  • Nurse Call Systems

  • Physiological Monitors

  • EMR Integration Systems

  • Bed Alarms

  • Ventilators

  • Mobility Solutions

  • Central Monitoring Systems

  • Clinical Decision Support (CDC) Tools

  • Others


Global Clinical Alarm Management Market, by Component



  • Solutions

  • Services


Global Clinical Alarm Management Market, by End User



  • Hospitals and Clinics

  • Long-Term Care (LTC) Centers

  • Ambulatory Care Centers & Home Care Settings


Global Clinical Alarm Management Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America





  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific





  • Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Manufacturers and distributors of clinical alarm management systems

  • Medical devices suppliers

  • Venture capitalists

  • Medical devices companies

  • Research and academic institutes

  • Healthcare facilities

  • Association and government bodies

  • Market research and consulting service providers

  • Corporate entities



Frequently Asked Questions (FAQ) :


The global clinical alarm management market was valued at USD 513.6 million in 2018.

The global clinical alarm management market is expected to exhibit a solid 30.6% CAGR over the forecast period from 2019 to 2025.

The growing geriatric population around the world is likely to be the major driver for the global clinical alarm management market over the forecast period.

The nurse call systems segment dominated the global market in 2018.

The Americas and Europe dominate the global clinical alarm management market due to the widespread adoption of advanced healthcare tech in these regions.

Table of Contents

Chapter 1 Executive Summary

Chapter 2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Assumptions and Limitations

2.4 Market Structure

Chapter 3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

Chapter 5 Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6 Global Clinical Alarm Management Market, by Product

6.1 Overview

6.2 Nurse Call Systems

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.3 Physiological Monitors

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.4 EMR Integration Systems

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.5 Bed Alarms

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.6 Ventilators

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.7 Mobility Solutions

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.8 Central Monitoring Systems

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.9 Clinical Decision Support (CDC) Tools

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.10 Others

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

Chapter 7 Global Clinical Alarm Management Market, by Component

7.1 Overview

7.2 Solutions

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

7.3 Services

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

Chapter 8 Global Clinical Alarm Management Market, by End User

8.1 Overview

8.2 Hospitals and Clinics

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

8.3 Long-Term Care (LTC) Centers

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

8.4 Ambulatory Care Centers & Home Care Settings

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

Chapter 9 Global Clinical Alarm Management Market, by Region

9.1 Overview

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.2 Canada

9.2.2 Latin America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 Italy

9.3.1.4 Spain

9.3.1.5 UK

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 South Korea

9.4.6 Rest of Asia-Pacific

9.5 Middle East & Africa

9.5.1 Middle East

9.5.2 Africa

Chapter 10 Company Landscape

10.1 Overview

10.2 Market Share Analysis

10.3 Key Developments & Strategies

Chapter 11 Company Profiles

11.1 Philips Healthcare

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Products/Services Offered

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 Medtronic plc

11.3 GE Healthcare

11.4 Capsule Technologies, Inc.

11.5 Vocera Communications

11.6 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

11.7 Ascom Holding AG

11.8 Spok Inc.

11.9 Connexall (GlobeStar Systems Inc.)

11.10 Drägerwerk AG & Co. KGaA

Chapter 12 MRFR Conclusion

12.1 Key Findings

12.1.1 From CEO’s Viewpoint

12.1.2 Unmet Needs of the Market

12.2 Key Companies to Watch

12.3 Predictions for the Clinical Alarm Management Industry

Chapter 13 Appendix

LIST OF TABLES

Table 1 Global Clinical Alarm Management Market, by Region, 2019–2025 (USD Million)

Table 2 Global Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 3 Global Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 4 Global Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 5 Americas: Clinical Alarm Management Market, by Region, 2019–2025 (USD Million)

Table 6 Americas: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 7 Americas Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 8 Americas Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 9 North America: Clinical Alarm Management Market, by Country, 2019–2025 (USD Million)

Table 10 North America: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 11 North America Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 12 North America Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 13 Latin America: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 14 Latin America Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 15 Latin America Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 16 Europe: Clinical Alarm Management Market, by Region, 2019–2025 (USD Million)

Table 17 Europe: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 18 Europe Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 19 Europe Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 20 Western Europe: Clinical Alarm Management Market, by Country, 2019–2025 (USD Million)

Table 21 Western Europe: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 22 Western Europe Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 23 Western Europe Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 24 Eastern Europe: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 25 Eastern Europe Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 26 Eastern Europe Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 27 Asia-Pacific: Clinical Alarm Management Market, by Country, 2019–2025 (USD Million)

Table 28 Asia-Pacific: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 29 Asia-Pacific Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 30 Asia-Pacific Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)

Table 31 Middle East & Africa: Clinical Alarm Management Market, by Region, 2019–2025 (USD Million)

Table 32 Middle East & Africa: Clinical Alarm Management Market, by Product, 2019–2025 (USD Million)

Table 33 Middle East & Africa Clinical Alarm Management Market, by Component, 2019–2025 (USD Million)

Table 34 Middle East & Africa Clinical Alarm Management Market, by End User, 2019–2025 (USD Million)
LIST OF FIGURES

Figure 1 Market Synopsis

Figure 2 Research Process

Figure 3 Segmentation for Global Clinical Alarm Management Market

Figure 4 Market Dynamics for Global Clinical Alarm Management Market

Figure 5 Global Clinical Alarm Management Market Share, by Product, 2018

Figure 6 Global Clinical Alarm Management Market Share, by Component, 2018

Figure 7 Global Clinical Alarm Management Market Share, by End User, 2018

Figure 8 Global Clinical Alarm Management Market Share, by Region, 2018

Figure 9 Americas: Clinical Alarm Management Market Share, by Country, 2018

Figure 10 Europe: Clinical Alarm Management Market Share, by Country, 2018

Figure 11 Asia-Pacific: Clinical Alarm Management Market Share, by Country, 2018

Figure 12 Middle East & Africa: Clinical Alarm Management Market Share, by Country, 2018

Figure 13 Global Clinical Alarm Management Market: Company Share Analysis, 2018 (%)

Figure 14 Philips Healthcare: Key Financials

Figure 15 Philips Healthcare: Segmental Revenue

Figure 16 Philips Healthcare: Regional Revenue

Figure 17 Medtronic PLC: Key Financials

Figure 18 Medtronic PLC: Segmental Revenue

Figure 19 Medtronic PLC: Regional Revenue

Figure 20 GE Healthcare: Key Financials

Figure 21 GE Healthcare: Segmental Revenue

Figure 22 GE Healthcare: Regional Revenue

Figure 23 Capsule Technologies, Inc.: Key Financials

Figure 24 Capsule Technologies, Inc.: Segmental Revenue

Figure 25 Capsule Technologies, Inc.: Regional Revenue

Figure 26 Vocera Communications: Key Financials

Figure 27 Vocera Communications: Segmental Revenue

Figure 28 Vocera Communications: Regional Revenue

Figure 29 Shenzhen Mindray Bio-Medical Electronics Co., Ltd: Key Financials

Figure 30 Shenzhen Mindray Bio-Medical Electronics Co., Ltd: Segmental Revenue

Figure 31 Shenzhen Mindray Bio-Medical Electronics Co., Ltd: Regional Revenue

Figure 32 Ascom Holding AG: Key Financials

Figure 33 Ascom Holding AG: Segmental Revenue

Figure 34 Ascom Holding AG: Regional Revenue

Figure 35 Spok Inc.: Key Financials

Figure 36 Spok Inc.: Segmental Revenue

Figure 37 Spok Inc.: Regional Revenue

Figure 38 Connexall (GlobeStar Systems Inc.): Key Financials

Figure 39 Connexall (GlobeStar Systems Inc.): Segmental Revenue

Figure 40 Connexall (GlobeStar Systems Inc.): Regional Revenue

Figure 41 Drägerwerk AG & Co. KGaA: Key Financials

Figure 42 Drägerwerk AG & Co. KGaA: Segmental Revenue

Figure 43 Drägerwerk AG & Co. KGaA: Regional Revenue



This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.