Clinical Alarm Management Market (By Product: Nurse Call Systems, Physiological Monitors, Bed Alarms, EMR Integration Systems, Ventilators; By Component: Solutions, Services; By End-use: Hospitals & Clinics, Home Care Settings, Ambulatory Care Centers, Long-Term Care Facilities, Specialty Centers) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Dec 2021 | No. of Pages : 150+ Pages | Category : Healthcare

The global Clinical Alarm Management market size is expected to be worth around US$ 10.9 billion by 2030, according to a new report by Vision Research Reports.

The global Clinical Alarm Management market size was valued at US$ 962.5 million in 2020 and is anticipated to grow at a CAGR of 28.5% during forecast period 2021 to 2030.

Clinical Alarm Management Market Size 2021 to 2030

Report Coverage

Report Scope Details
Market Size US$ 10.9 Billion by 2030
Growth Rate CAGR of 28.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Component, end-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Koninklijke Philips N.V.; General Electric Company (GE Healthcare); Ascom; Spok, Inc.; Masimo; Hill-Rom Services, Inc.; Vocera Communications; Capsule Technologies, Inc.; Johnson Controls; West-Com

Growth Factors

The increasing prevalence of alarm fatigue is one of the primary factors augmenting the market. Furthermore, rising technological advancements coupled with the growing adoption of clinical alarm management solutions by healthcare facilities due to their benefits are also the driving factors for the market growth during the projected period.

To curb the spread of the COVID-19 pandemic, government institutions across various nations established various COVID-19 alert systems for providing policy directives and situational awareness for the general public. Various healthcare facilities also started adopting various alarm management solutions for providing timely treatment to patients. Hence, the COVID-19 pandemic fueled market growth in 2020 and 2021.

Various benefits of clinical alarm management solutions are also likely to increase the demand for these solutions which fuels the market growth. These benefits are clinical, operational, as well as financial. Clinical benefits include enhanced patient and family satisfaction, improved sleep and rest, reduction in non-actionable alarms and gaps in alarm protocol, and enhanced patient safety along with possibly fewer missed true positive alarms. 

By Component Analysis

The clinical alarm management solutions segment dominated the market and accounted for the largest revenue share of more than 66.0% in 2020. This is owing to the rising adoption of connected care technologies in healthcare, initiatives by key companies, and the need to reduce alarm fatigue. 

The services segment is estimated to witness the fastest growth rate over the forecast period owing to initiatives by public and private health institutions, increasing service offerings by key market players, and growing demand to minimize risks to patient safety, which is anticipated to fuel the segment growth in the coming years. 

By End-use Analysis

The hospitals and clinics segment dominated the market and accounted for the largest revenue share of over 26.0% in 2020 due to the growing number of patient flow, rising emergency cases, and incorporation of sophisticated clinical alarm management solutions.

The long-term care facilities segment is anticipated to witness the fastest growth rate of 27.9% over the forecast period owing to the growing number of old-age facilities and growing awareness regarding the importance of clinical alarm management solutions in these facilities.

By Product Analysis

The nurse call systems segment dominated the market and accounted for the largest revenue share of over 25.0% in 2020. The factors attributed to this large share include product developments driven by wireless technology and automation, and the need to improve clinical workflow and reduce operating costs for the healthcare facility while making optimum use of available resources.

The EMR integration systems segment is anticipated to witness the highest CAGR of 28.9% from 2021 to 2030 owing to rising digitalization in healthcare, a surge in adoption of EHR/ EMR solutions from clinics to hospitals, and rising interoperability across digital healthcare solutions. 

By Regional Analysis

North America dominated the clinical alarm management market and accounted for the largest revenue share of over 45.0% in 2020,  attributed to the growing importance of providing quality healthcare services.

In Asia Pacific, the market is anticipated to witness the highest CAGR of 31.3% over the forecast period. This can be attributed to the growing adoption of technologically advanced solutions for providing better healthcare facilities.

Key Players

  • Koninklijke Philips N.V.

  • General Electric Company (GE Healthcare)

  • Ascom

  • Spok, Inc.

  • Masimo

  • Hill-Rom Services, Inc.

  • Vocera Communications

  • Capsule Technologies, Inc.

  • Johnson Controls

  • West-Com 

Market Segmentation

  • By Product 

    • Nurse Call Systems

    • Physiological Monitors

    • Bed Alarms

    • EMR Integration Systems

    • Ventilators

    • Others

  • By Component

    • Solutions

    • Services

  • By End-use 

    • Hospitals & Clinics

    • Home Care Settings

    • Ambulatory Care Centers

    • Long-Term Care Facilities

    • Specialty Centers

  • Regional

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East and Africa (MEA)

      • Saudi Arabia

      • South Africa

      • UAE

The Clinical Alarm Management market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Clinical Alarm Management market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Clinical Alarm Management market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Clinical Alarm Management market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Clinical Alarm Management market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Clinical Alarm Management capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Clinical Alarm Management by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Clinical Alarm Management market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Clinical Alarm Management market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Clinical Alarm Management market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Clinical Alarm Management industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Clinical Alarm Management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Clinical Alarm Management market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Clinical Alarm Management market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Clinical Alarm Management market. These factors have benefited the growth of the global market for Clinical Alarm Management. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Clinical Alarm Management. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Clinical Alarm Management are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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