by 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.
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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.
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 |
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
- North America
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Clinical Alarm Management Market, By Capacitor
7.1. Clinical Alarm Management Market, by Capacitor, 2021-2030
7.1.1. Nurse Call Systems
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Physiological Monitors
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Bed Alarms
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. EMR Integration Systems
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Ventilators
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Clinical Alarm Management Market, By Component
8.1. Clinical Alarm Management Market, by Component, 2021-2030
8.1.1. Solutions
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Clinical Alarm Management Market, By End User
9.1. Clinical Alarm Management Market, by End User, 2021-2030
9.1.1. Hospitals & Clinics
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Home Care Settings
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Ambulatory Care Centers
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Long-Term Care Facilities
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Specialty Centers
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Clinical Alarm Management Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.1.2. Market Revenue and Forecast, by Component (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Component (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Component (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.2.2. Market Revenue and Forecast, by Component (2017-2030)
10.2.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Component (2017-2030)
10.2.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Component (2017-2030)
10.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Component (2017-2030)
10.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Component (2017-2030)
10.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.3.2. Market Revenue and Forecast, by Component (2017-2030)
10.3.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Component (2017-2030)
10.3.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Component (2017-2030)
10.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Component (2017-2030)
10.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Component (2017-2030)
10.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.4.2. Market Revenue and Forecast, by Component (2017-2030)
10.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Component (2017-2030)
10.4.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Component (2017-2030)
10.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Component (2017-2030)
10.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Component (2017-2030)
10.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.5.2. Market Revenue and Forecast, by Component (2017-2030)
10.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Component (2017-2030)
10.5.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Capacitor (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Component (2017-2030)
10.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Koninklijke Philips N.V.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. General Electric Company (GE Healthcare)
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Ascom
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Spok, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Masimo
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Hill-Rom Services, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Vocera Communications
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Capsule Technologies, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Johnson Controls
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. West-Com
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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