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Clinical Alarm Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 250 Pages
  • January 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5934376
The global Clinical Alarm Management Market is poised for significant growth, according to the latest analysis by the publisher. In 2024, the market recorded sales of US$2.5 billion, and between 2024 and 2031, it is projected to experience a remarkable growth rate of 29%, far surpassing historical figures. The Nurse Call System segment is anticipated to lead in revenue generation during the same period.

Key Drivers of the Global Clinical Alarm Management Market

The clinical alarm management procedure provides a high level of confidentiality and security for handling sensitive information such as patient identities and health records. Clinical alarms are prevalent in long-term care and rehabilitation clinics, playing a crucial role in monitoring patients' health statuses. The expansion of the clinical alarm management market is being driven by the increasing adoption of wellness services and the growing importance of big data in healthcare. These developments are expected to reduce healthcare costs and minimize the risk of medical errors, thus driving the demand for alarm systems.

Furthermore, dedicated government initiatives aimed at improving access to biomedical provisioned device capabilities, both in developed and developing nations, are set to propel the industry forward. The success of various projects designed to enhance the safety and healthcare of the geriatric and handicapped populations, utilizing biomedical provisioned devices, bodes well for the future growth prospects of the clinical alarm management market.

Region with the Largest Opportunity: North America

North America is expected to dominate the global clinical alarm management market throughout the forecast period. The increasing number of patients in North American hospitals and clinics is a significant factor driving the adoption of clinically based alarm systems. In 2019, the United States alone witnessed over 90 million outpatient surgeries, more than 911 million doctor visits, and over 155 million emergency department visits, according to the CDC.

Country-wise Analysis

  • U.S. Clinical Alarm Management Market Analysis
The United States is expected to have the highest market share by the end of 2031. This is due to a significant increase in research and development activities. The prevalence of Alzheimer's dementia among individuals aged 65 and older in the United States is noteworthy, with a projected increase from 2020 to 2050. Consequently, the clinical alarm management sector is expected to experience substantial growth in the coming years.
  • China Clinical Alarm Management Market Analysis
China is set to dominate the Clinical Alarm Management market in the Asia Pacific region from 2024 to 2031, with a robust compound annual growth rate (CAGR). The market is expected to witness healthy growth during this forecast period, nearing a substantial market revenue figure by 2031.
  • Japan Clinical Alarm Management Market Analysis
Japan, on the other hand, is projected to achieve a significant CAGR between 2024 and 2031. The growth of the market can be attributed to the healthcare infrastructure improvements and the adoption of new caregiving technologies in both developed and emerging nations. Additionally, higher per capita income levels and enhanced access to organized healthcare services are encouraging the growth of regional markets.

Competitive Analysis

The clinical alarm management market is highly fragmented, with numerous local businesses competing alongside multinational giants. Prominent companies are actively investing in research and development to introduce new products and maintain their competitiveness in the industry. Key players in the Clinical Alarm Management Market include Koninklijke Philips N.V., General Electric Company (GE Healthcare), Ascom, Spok, Inc., and Masimo.

Market Segments Covered in Clinical Alarm Management Market Analysis

By Product Type

  • EMR Integration Systems
  • Physiological Monitors
  • Bed Alarms
  • Ventilators
  • Others

By Component

  • Services
  • Solutions

By End-User

  • Long-Term Care Facilities
  • Home Care Settings
  • Ambulatory Care Centres
  • Hospitals & Clinics
  • Specialty Centres

By Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA


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Table of Contents

1. Executive Summary
1.1. Global Clinical Alarm Management Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Clinical Alarm Management Market Outlook, 2018 - 2031
3.1. Global Clinical Alarm Management Market Outlook, by Product, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. EMR Integration Systems
3.1.1.2. Physiological Monitors
3.1.1.3. Bed Alarms
3.1.1.4. Ventilators
3.1.1.5. Others
3.2. Global Clinical Alarm Management Market Outlook, by Indication, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Services
3.2.1.2. Solutions
3.3. Global Clinical Alarm Management Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Long-Term Care Facilities
3.3.1.2. Home Care Settings
3.3.1.3. Ambulatory Care Centres
3.3.1.4. Hospitals & Clinics
3.3.1.5. Specialty Centres
3.4. Global Clinical Alarm Management Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Clinical Alarm Management Market Outlook, 2018 - 2031
4.1. North America Clinical Alarm Management Market Outlook, by Product, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. EMR Integration Systems
4.1.1.2. Physiological Monitors
4.1.1.3. Bed Alarms
4.1.1.4. Ventilators
4.1.1.5. Others
4.2. North America Clinical Alarm Management Market Outlook, by Indication, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Services
4.2.1.2. Solutions
4.3. North America Clinical Alarm Management Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Long-Term Care Facilities
4.3.1.2. Home Care Settings
4.3.1.3. Ambulatory Care Centres
4.3.1.4. Hospitals & Clinics
4.3.1.5. Specialty Centres
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Clinical Alarm Management Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
4.4.1.2. U.S. Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
4.4.1.3. U.S. Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
4.4.1.4. Canada Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
4.4.1.5. Canada Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
4.4.1.6. Canada Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Clinical Alarm Management Market Outlook, 2018 - 2031
5.1. Europe Clinical Alarm Management Market Outlook, by Product, Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. EMR Integration Systems
5.1.1.2. Physiological Monitors
5.1.1.3. Bed Alarms
5.1.1.4. Ventilators
5.1.1.5. Others
5.2. Europe Clinical Alarm Management Market Outlook, by Indication, Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Services
5.2.1.2. Solutions
5.3. Europe Clinical Alarm Management Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Long-Term Care Facilities
5.3.1.2. Home Care Settings
5.3.1.3. Ambulatory Care Centres
5.3.1.4. Hospitals & Clinics
5.3.1.5. Specialty Centres
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Clinical Alarm Management Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
5.4.1.2. Germany Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
5.4.1.3. Germany Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
5.4.1.4. U.K. Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
5.4.1.5. U.K. Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
5.4.1.6. U.K. Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
5.4.1.7. France Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
5.4.1.8. France Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
5.4.1.9. France Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
5.4.1.10. Italy Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
5.4.1.11. Italy Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
5.4.1.12. Italy Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
5.4.1.13. Turkey Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
5.4.1.14. Turkey Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
5.4.1.15. Turkey Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
5.4.1.16. Russia Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
5.4.1.17. Russia Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
5.4.1.18. Russia Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
5.4.1.19. Rest of Europe Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
5.4.1.20. Rest of Europe Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
5.4.1.21. Rest of Europe Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Clinical Alarm Management Market Outlook, 2018 - 2031
6.1. Asia Pacific Clinical Alarm Management Market Outlook, by Product, Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. EMR Integration Systems
6.1.1.2. Physiological Monitors
6.1.1.3. Bed Alarms
6.1.1.4. Ventilators
6.1.1.5. Others
6.2. Asia Pacific Clinical Alarm Management Market Outlook, by Indication, Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Services
6.2.1.2. Solutions
6.3. Asia Pacific Clinical Alarm Management Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Long-Term Care Facilities
6.3.1.2. Home Care Settings
6.3.1.3. Ambulatory Care Centres
6.3.1.4. Hospitals & Clinics
6.3.1.5. Specialty Centres
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Clinical Alarm Management Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
6.4.1.2. China Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
6.4.1.3. China Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
6.4.1.4. Japan Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
6.4.1.5. Japan Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
6.4.1.6. Japan Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
6.4.1.7. South Korea Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
6.4.1.8. South Korea Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
6.4.1.9. South Korea Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
6.4.1.10. India Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
6.4.1.11. India Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
6.4.1.12. India Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
6.4.1.13. Southeast Asia Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
6.4.1.14. Southeast Asia Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
6.4.1.15. Southeast Asia Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Clinical Alarm Management Market Outlook, 2018 - 2031
7.1. Latin America Clinical Alarm Management Market Outlook, by Product, Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. EMR Integration Systems
7.1.1.2. Physiological Monitors
7.1.1.3. Bed Alarms
7.1.1.4. Ventilators
7.1.1.5. Others
7.2. Latin America Clinical Alarm Management Market Outlook, by Indication, Value (US$ Bn), 2018 - 2031
7.2.1.1. Services
7.2.1.2. Solutions
7.3. Latin America Clinical Alarm Management Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Long-Term Care Facilities
7.3.1.2. Home Care Settings
7.3.1.3. Ambulatory Care Centres
7.3.1.4. Hospitals & Clinics
7.3.1.5. Specialty Centres
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Clinical Alarm Management Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
7.4.1.2. Brazil Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
7.4.1.3. Brazil Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
7.4.1.4. Mexico Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
7.4.1.5. Mexico Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
7.4.1.6. Mexico Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
7.4.1.7. Argentina Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
7.4.1.8. Argentina Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
7.4.1.9. Argentina Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
7.4.1.10. Rest of Latin America Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
7.4.1.11. Rest of Latin America Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
7.4.1.12. Rest of Latin America Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Clinical Alarm Management Market Outlook, 2018 - 2031
8.1. Middle East & Africa Clinical Alarm Management Market Outlook, by Product, Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. EMR Integration Systems
8.1.1.2. Physiological Monitors
8.1.1.3. Bed Alarms
8.1.1.4. Ventilators
8.1.1.5. Others
8.2. Middle East & Africa Clinical Alarm Management Market Outlook, by Indication, Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Services
8.2.1.2. Solutions
8.3. Middle East & Africa Clinical Alarm Management Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Long-Term Care Facilities
8.3.1.2. Home Care Settings
8.3.1.3. Ambulatory Care Centres
8.3.1.4. Hospitals & Clinics
8.3.1.5. Specialty Centres
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Clinical Alarm Management Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
8.4.1.2. GCC Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
8.4.1.3. GCC Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
8.4.1.4. South Africa Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
8.4.1.5. South Africa Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
8.4.1.6. South Africa Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
8.4.1.7. Egypt Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
8.4.1.8. Egypt Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
8.4.1.9. Egypt Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
8.4.1.10. Nigeria Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
8.4.1.11. Nigeria Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
8.4.1.12. Nigeria Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Clinical Alarm Management Market by Product, Value (US$ Bn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Clinical Alarm Management Market by Indication, Value (US$ Bn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Clinical Alarm Management Market by End User, Value (US$ Bn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Product vs Indication Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Koninklijke Philips N.V.
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. General Electric Company
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Ascom
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Spok
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Masimo
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Hill-Rom Services, Inc.
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Vocera Communications
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Medtronic
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Drägerwerk AG & Co. KGaA
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. West-Com Nurse Call Systems, Inc.
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • Koninklijke Philips N.V.
  • General Electric Company
  • Ascom
  • Spok
  • Masimo
  • Hill-Rom Services, Inc.
  • Vocera Communications
  • Medtronic
  • Drägerwerk AG & Co. KGaA
  • West-Com Nurse Call Systems, Inc.

Methodology

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