Clinical Alarm Management Market Size, Industry Growth and Top Leaders
The rapidly evolving technology is gaining robust traction
from the evolving homecare facilities. The technology allows a round-the-clock
monitoring owing to which the demand for the product is also getting stronger
in hospitals and clinics, especially in ICU facilities. At the same point of
time, stringent government regulations regarding the highest level of patient
care service are bolstering the market growth.
In the latest report on the global clinical
alarm management market, Market Research Future (MRFR) claims that a 30.4%
CAGR is achievable during the forecast period (2018—2023). Clinical alarms are
used in providing better care to patients as these alarms help in staying
alert. This technology depends on several software for better application. The
non-invasive technology it follows is getting rapid approval from patients
owing to which its market percolation has become easier. However, its noise is
an issue, and many complain about sleep disruption and unpleasant environments.
This could hamper the expected market growth during the forecast period.
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Competitive Landscape:
The Clinical Alarm Management Market is expected to benefit
from impacts of various strategies implemented by companies like Capsule
Technologie (Subsidiary of Qualcomm Life, Inc.), Medtronic, Koninklijke Philips
N.V., Baxter, Vocera Communications, Mindray Medical International, Masimo,
Ascom Holdings, Connexall, Drager, Spok, Inc. (Subsidiary of Spok Holdings,
Inc.), Bernoulli Enterprise, Inc., GE Healthcare, and Mobile Heartbeat
(Subsidiary of Hospital Corporation of America). MRFR in their report on the market enlisted
these companies and their latest contributions for a better predictive analysis
of the upcoming years.
In 2019, Getinge received FDA clearance for their new
software version of Servo-u and Servo-n. These machines are known for their
contributions in the mechanical ventilator platform. The revised model would
introduce several features such as volume control with slowing down of flow,
better alarm management, streamlined setup for ventilation modes, and
context-based guidance to simplify its application.
Segmental Overview:
The global clinical alarm management market, as discussed by
MRFR in their report, is by product, component, and end-user.
Based on the product, the global clinical alarm management
market is segmented into physiological monitors, nurse call systems, bed
alarms, EMR integration systems, mobility solutions, ventilators, central
monitoring systems, and clinical decision support tools. The ventilator segment
is finding good market traction due to a substantial rise in intensive care
services.
Based on the component, the global clinical alarm management
market is segmented into solutions and services.
Based on the end user, the clinical alarm management market
includes long-term care centers, hospitals, and ambulatory care centers &
home care settings. The hospitals segment has a substantial market dominance
due to its infrastructural superiority and better investment facilities.
Regional Analysis:
MRFR’s region-specific study of the global clinical alarm
management market includes the Americas, Europe, Asia Pacific (APAC), and the
Middle East & Africa (MEA).
The dominance of the Americas can be attributed to excellent
healthcare infrastructure, increasing demand for advanced patient safety
devices, and rising awareness regarding clinical alarm management by a
different organization. Improvisation in new technologies can also bring in
substantial changes in the market.
Government support and an increasing number of hospitals in
Europe are providing much traction to the global market. Healthcare companies
have increased their investment due to which the regional market is expected to
rise substantially.
The APAC market is booming due to the presence of several
developing economies like India, China, and Australia, where the rising
investment by governments for the healthcare sector is facilitating launch of
mobile application to reduce the noise in the hospital and development of
different software’s to better the impression of the clinical alarm management
market in this region.
On the other hand, the MEA market is expected to lag in
contribution due to the presence of several poor economies, low awareness, and
lack of healthcare infrastructure impacts the market growth.
Browse Detailed TOC
with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/clinical-alarm-management-market-7510
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to
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intelligence services to our clients.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
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