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Clinical Alarm Management Market by Component (Hardware, Software, Services), by Type (Centralized alarm management systems, Decentralized alarm management systems), by Deployment mode (On-premises, Cloud-based, Hybrid), by End-use (Hospitals and clinics, Home care settings, Ambulatory care centers, Trauma and emergency care centers, Long-term care facilities, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Clinical Alarm Management market was valued at USD XXX Billion in 2024 and is projected to reach USD XXX Billion by 2033, with an expected CAGR of 9.9% during the forecast period.Clinical alarm management is the market seeking a solution to address alarm fatigue, which is a critical issue in healthcare settings. Alarm fatigue is the point at which caregivers are bombarded with and saturated by the onset of alarms or alarm signals, where several appear to be non-actionable or even false. That can cause delayed responses, missed critical events, and increased levels of stress in staff. CAM systems will enhance alarm management by filtering out non-actionable alarms, focus attention on high-criticality alarms, and empower clinicians to better respond to alarms. Advanced analytics, intelligent filtering algorithms, and real-time communication tools enhance the safety of patient care and efficient workflow.
The market is moderately fragmented, with several players holding significant shares. The leading players are Amplion Clinical Communications, Inc., Ascom Holding AG, Baxter International Inc., Cornell Communications, Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V., Masimo Corporation, Mobile Heartbeat, Nihon Kohden Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Spok, Inc., Stryker Corporation (Vocera Communications, Inc.), TigerConnect, and West Com Nurse Call Systems, Inc. The market is characterized by innovation, with companies focusing on developing new and advanced alarm management systems.
The market is segmented based on component, type, deployment mode, and end-use. The component segment includes hardware, software, and services. The hardware segment is the largest, while the fastest-growing segment is the software segment. The type segment includes centralized alarm management systems and decentralized alarm management systems. The deployment mode segment includes on-premises, cloud-based, and hybrid systems. The end-use segment includes hospitals and clinics, home care settings, ambulatory care centers, trauma and emergency care centers, long-term care facilities, and other end-users.
The market is expected to continue its growth trajectory over the forecast period, driven by the aforementioned factors. The growing adoption of electronic health records (EHRs) is expected to remain a major factor driving the growth of the market, as EHRs can generate a large number of alarms. Additionally, the rising patient safety concerns are expected to push healthcare providers to adopt more robust alarm management systems.
In October 2023, Nihon Kohden introduced a groundbreaking One View Solution powered by the Neuromaster G1 for vital signs integration in intraoperative neuromonitoring. This launch may increase the company’s market share and expand its service network with further strengthening its brand value. In December 2023, Nihon Kohden introduced the CNS-2101, a cutting-edge platform aimed at enhancing efficiency, communication, and patient care. This launch is expected to enhance the company’s positioning in the market and generate greater revenue.
1. Component
2. Type
3. Deployment mode
4. End-use
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.9% from 2019-2033 |
Segmentation |
|
Note* : In applicable scenarios
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