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Market Synopsis:
Clinical alarm management systems are likely to gain quick
mileage in the foreseeable future. It has been assessed in a report published
by Market Research Future (MRFR) that the global clinical
alarm management market share is set to expand at an exponential CAGR of 18.8%
and to reach USD 5.35 billion during the projection period of 2022-2030. These
systems are non-invasive and send a warning to the doctors and nurses in case
of emergencies. Increasing patient population is likely to fuel demand for
these systems as it ensures efficiency and quick response to emergencies.
The rising burden of chronic diseases has propelled the
expansion of the clinical alarm management market and is poised to demonstrate
a similar pattern in the years to come. Technological innovations by the key
players are further expected to generate more demand in the nearby future,
thus, catalyzing the growth of the global clinical alarm management market. It
is also highlighted that the rising adoption of technology in the healthcare
sector is benefitting the expansion of the clinical alarm management market
over the next couple of years. However, factors such as sleep disruption and
noise fatigue are anticipated to undermine the growth pace of the clinical
alarm management market in the foreseeable future.
Market Segmentation:
The different segments, on the basis of products, identified
in this study on the clinical alarm management market are nurse call systems,
EMR integration systems, physiological monitors, bed alarms, mobility
solutions, ventilators, central monitoring systems, and clinical decision
support tools.
The different components of the global clinical
alarm management market outlook assessed in this MRFR report are solutions
and services.
On the basis of the end-user, the clinical alarm management
market has been segmented into hospitals, ambulatory care centers & home
care settings, and long-term care centers.
Regional Analysis:
For an extensive geographical assessment of the global
clinical alarm management market, it has been segmented into four major regions
– Americas, Europe, the Middle East & Africa (MEA), and Asia Pacific.
Americas is currently holding the largest market share and is anticipated to
maintain its prominence over the next couple of years. The developed healthcare
infrastructure of the region is providing impetus to the expansion of the
clinical alarm management market. Europe is poised to maintain its position at
the second spot and is anticipated to benefit from the government support and funds.
Asia Pacific clinical alarm management market is projected to register the
highest CAGR over the assessment period.
Competitive Dashboard:
The market exhibits robust competition among the key players
on account of technological advancements. Since the technology is gaining
momentum among the healthcare providers, participants in the global clinical
alarm management market are anticipated to introduce innovative technologies
for staying ahead of the curve. In addition, investments are expected to be increased
in research and development for the development of product portfolios. This, in
turn, is expected to impact revenue generation of the noted vendors favorably
in the years to come.
Koninklijke Philips N.V., Vocera Communications, Medtronic,
Baxter, Mindray Medical International, Ascom Holdings, Spok, Inc. (Subsidiary
of Spok Holdings, Inc.), GE Healthcare, Masimo, Connexall, Drager, Capsule
Technologie (Subsidiary of Qualcomm Life, Inc.), Bernoulli Enterprise, Inc.,
and Mobile Heartbeat (Subsidiary of Hospital Corporation of America) are some
of the main players of the global clinical alarm management market and are
poised to earn massive revenue in the upcoming years.
The market is also projected to make way for the entry of
new players owing to the increasing number of technology startups venturing
into the healthcare sector. The most promising strategies being adopted by the
market participants for ensuring market growth are mergers & acquisitions,
partnerships, product development, collaboration, etc.
About US:
Market Research Future (MRFR), enable customers to unravel the complexity
of various industries through Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
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