Clinical Alarm Management Market

Clinical alarms are designed to draw medical staff's attention when the patient's conditions goes beyond the proper range, are causing a new alarm hazard problem. Clinical alarm management refers to how caregivers respond to an unfavorable changes in a patient's condition. Clinical alarms warn caregivers of immediate or potential adverse patient conditions.

Market Dynamics:

Increase in prevalence/burden of chronic diseases, rise in geriatric population, increase in demand for clinical alarm management systems/solutions, rising healthcare expenditure, and technological advancements in clinical alarms are major factors expected to propel growth of the global clinical alarm management market over the forecast period.

For instance, in February 2021 Stryker announced the launch of completely wireless hospital bed, ProCuity in Europe, Middle East, and Africa. The bed is designed to help reduce in-hospital patient falls at all acuity levels and improve nurse workflow efficiencies and safety.

Moreover, in March 2021, MinebeaMitsumi announced the launch of the new model "Bed Sensor System Basic" to further enrich the Bed Sensor System product line. This new model will provide various features such as measurement of referential body weight and warning alarm emission when detecting the patient leaving the bed.

Key features of the study:

• This report provides in-depth analysis of the global clinical alarm management market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global clinical alarm management market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Connexall USA, Inc., Spok Inc., Masimo, GE Healthcare, Medtronic PLC, Ascom Holding AG, Koninklijke Philips N.V., Baxter International Inc., Nihon Kohden Corporation, TigerConnect (Critical Alert System), West Com Nurse Call Systems, Inc., Stryker (Vocera Communications), and Amplion Clinical Communications, Inc., among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global clinical alarm management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global clinical alarm management market.

Detailed Segmentation:

• Global Clinical Alarm Management Market, By Component:
  • Product
  • Services
• Global Clinical Alarm Management Market, By End User:
  • Hospitals
  • Long-term Care Centers
  • Other End Users
• Global Clinical Alarm Management Market, By Geography:
  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
  • Latin America
• Company Profiles:
  • Connexall USA, Inc.
  • Spok Inc.
  • Masimo
  • GE Healthcare
  • Medtronic PLC
  • Ascom Holding AG
  • Koninklijke Philips N.V.
  • Baxter International Inc.
  • Nihon Kohden Corporation
  • TigerConnect (Critical Alert System)
  • West Com Nurse Call Systems, Inc.
  • Stryker (Vocera Communications)
  • Amplion Clinical Communications, Inc.