Clinical Alarm Management Market Strategic Insights and key Business Influencing Factors
There is a high demand of clinical alarm management in
hospitals, clinics, intensive care units (ICU), and other healthcare
facilities. The key factors contributing for the market growth are growing
awareness about the patient safety, rising demand for best practices in
hospitals and healthcare centers, and rising government regulation regarding
patient safety boosts the market growth.
The global clinical
alarm management market is expected to register a CAGR of 30.4% during the
forecast period of 2018 to 2023.Clinical alarm is an essential facility that
are followed and undertaken in various healthcare centers. These devices help
to create a connection between the patient and healthcare staff.However, the
problem associated clinical alarm such as noise fatigue, sleep disruption which
creates an unpleasant environment for patients, staff and families and also the
unstandardized integrated alarm systems affects the market the growth.
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Key Players
Koninklijke Philips N.V., Medtronic, Baxter, Vocera
Communications, Mindray Medical International, GE Healthcare, Ascom Holdings,
Spok, Inc. (Subsidiary of Spok Holdings, Inc.), Masimo, Connexall, Drager,
Bernoulli Enterprise, Inc., Capsule Technologie (Subsidiary of Qualcomm Life,
Inc.), Mobile Heartbeat (Subsidiary of Hospital Corporation of America) are
some of the major players for global clinical alarm management market.
Segmentation
The global clinical alarm management market is segmented on
the basis of product, component and end user.
On the basis of the product, the global clinical alarm
management market is categorized into nurse call systems, physiological monitors,
EMR integration systems, bed alarms, ventilators, mobility solutions, central
monitoring systems and clinical decision support tools.
On the basis of the component, the global clinical alarm
management market is segmented into solutions and services.
On the basis of the
end user, the market is segmented into hospitals, long-term care centers and
ambulatory care centers & home care settings.
On the bases of region, the market is segmented into
Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is
expected to hold the largest market share and the Middle East and Africa with
the low market share during the forecasted period.
Regional Analysis
The Americas dominate the global clinical alarm management
market. Increasing healthcare infrastructure, rising awareness about the
patient safety methods and innovation by healthcare companies drives the market
growth within the region.
Europe is second in
the global clinical alarm management market owing to increasing government
support for healthcare sector and the awareness programs about the clinical
alarms conducted by different foundation contributors in promoting the market
across the globe.
Asia Pacific region
is the fastest growing market owing to the increasing patient population,
rising demand for various healthcare facilities for better treatment and
increasing healthcare expenditure drives the market with the region. The Middle
East & Africa has the least share in the global clinical alarm management
market owing to the presence of poor economies and low per capita income,
especially in the African region.
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