Clinical Alarm Management Market Research Report Information 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 2030

Clinical Alarm Management Market Overview

The clinical alarm management market size was valued USD 1.02 billion in 2021 and is expected to reach USD 5.35 billion by 2030 at 31.30% CAGR during the forecast period 2022-2030. The main aim of developing the clinical alarms was to provide alerts to the caregivers while they were at the workplace. This tool is helpful in reminding the caregivers to provide better care to the patients. The clinical alarm management solution helps lower noise levels, improve workflow, and deliver improved patient care in healthcare settings. Usually, the caregivers get a clinical alarm for potential or immediate adverse patient conditions.

The global clinical alarm management market growth is driven because of several important factors such as the growing prevalence of chronic diseases, increasing demand for big data and mHealth tools, rising elderly population, and increasing incidence of alarm fatigue. In the healthcare sector, the emerging concern is alarm fatigue. The Food and Drug Administration (FDA) report shows that more than 560 alarm-related death cases were identified in the US from 2005 to 2008. Moreover, nearly 80 deaths and 13 severe injury cases were reported between January 2009 to June 2012. However, the global market for Clinical Alarm Management might get hampered due to the lack of interoperability during the forecast period.

Segmentation

The 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 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 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 clinical alarm management market has been segmented on the basis of region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market of Americas has been 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 market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The in Asia-Pacific region has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.

Key Players

Few of the leaders in the 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

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 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 2022 to 2030. 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.

Clinical Alarm Management Market, by Product

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  Nurse Call Systems

  
  


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  Physiological Monitors

  
  


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  EMR Integration Systems

  
  


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  Bed Alarms

  
  


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  Ventilators

  
  


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  Mobility Solutions

  
  


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  Central Monitoring Systems

  
  


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  Clinical Decision Support (CDC) Tools

  
  


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  Others

  
  

Clinical Alarm Management Market, by Component

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  Solutions

  
  


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  Services

  
  

Clinical Alarm Management Market, by End User

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  Hospitals and Clinics

  
  


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  Long-Term Care (LTC) Centers

  
  


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  Ambulatory Care Centers & Home Care Settings

  
  

Clinical Alarm Management Market, by Region

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  Americas

  
  
  
  
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    North America

    
    
    
    
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      US

      
      
    
    
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      Canada

      
      
    
    
    
    
  
  
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    Latin America

    
    
  
  
  
  

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  Europe

  
  
  
  
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    Western Europe

    
    
    
    
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      Germany

      
      
    
    
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      France

      
      
    
    
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      Italy

      
      
    
    
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      Spain

      
      
    
    
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      UK

      
      
    
    
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      Rest of Western Europe

      
      
    
    
    
    
  
  
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    Eastern Europe

    
    
  
  
  
  

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  Asia-Pacific

  
  
  
  
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    Japan

    
    
  
  
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    China

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  

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  Middle East & Africa

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
  
  

Recent Development

The market player Ascom (Switzerland) signed a partnership with Dräger (Germany). This partnership has proposed to deliver clinical alarm management solutions to caregivers.

The prominent market player GE Healthcare (US) signed a partnership with the market leader Ascom (Switzerland); this partnership has aimed to enable the Digistat Patient Watch to the healthcare portfolio of solutions for the caregivers. The Digistat Patient Watch is basically an additional alarm management solution.

Intended Audience

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  Manufacturers and distributors of clinical alarm management systems

  
  


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  Medical devices suppliers

  
  


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  Venture capitalists

  
  


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  Medical devices companies

  
  


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  Research and academic institutes

  
  


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  Healthcare facilities

  
  


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  Association and government bodies

  
  


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  Market research and consulting service providers

  
  


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  Corporate entities