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The global clinical alarm management market size was valued at USD 2.5 billion in 2023, driven by increasing technological advancements like artificial intelligence. The market size is anticipated to grow at a CAGR of 17.7% during the forecast period of 2024-2032 to achieve a value of USD 10.8 billion by 2032.
Clinical alarm management refers to the management of patient conditions with the help of alerts generated through device alarms. It is the process of designing, implementing, and evaluating strategies for an effective and accurate alarm systems in clinical settings. Clinical alarm management is the response of the healthcare team to a patient's condition that has changed for the worse in most cases.
The market growth is driven by the continuous efforts of market players to present innovative and technologically enhanced devices that are helpful in providing better patient outcomes. For instance, the introduction of the latest innovative multimedia capabilities in nurse call systems by Cornell Communications and the groundbreaking Esprit-ai Sense™ Smart Bed Alarm by Espirit-ai Sense are poised to contribute to the clinical alarm management market growth. Cornell Communication's new app, InformTM I A Mobile, offers enhanced communication within senior care communities, fostering a more efficient and user-friendly platform for staff text/chat and two-way resident and community communication. The inclusion of multimedia features is expected to expand the utility of nurse call systems, addressing a broader range of needs in care facilities.
Simultaneously, Espirit-ai Sense™ Smart Bed Alarm brings a revolutionary approach to bed alarms by positioning the device under the mattress for comfort and the ability to detect multiple occupants. This innovation not only ensures a comfortable experience for residents but also eliminates hygienic and environmental concerns associated with traditional bed alarms.
The highly customizable nature of Esprit-ai Sense™ Smart Bed Alarm, catering to individual mobility levels, and providing detailed sleep quality analysis, reflects a holistic approach to patient care. The clinical alarm management market demand is also driven by the rapid advancements and the growing demand for sophisticated clinical alarm management solutions.
Market Breakup by Product Type
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Market Breakup by Technology
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
The growth of the market is driven by the increasing technological advancements, including artificial intelligence and big data. Reduction in healthcare costs and medical errors, resulting from the utilization of such clinical alarm systems, is a major factor contributing to the increased demand in the market. This increased demand is potentially bolstering the clinical alarm management market growth.
The market growth is also driven by increased government initiatives and investments to upgrade healthcare settings. The increasing geriatric patient population is also a major factor driving the market growth as they particularly require more attention. Healthcare providers are also becoming aware of the importance and benefits of such systems, further propelling the market growth.
North America has been dominating the global market and is expected to lead the market during the forecast period. The clinical alarm management market demand is driven by the increased healthcare advancements in the region. The increasing alarm fatigue and government initiatives to tackle this fatigue are major factors driving the market growth.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 2.5 billion in 2023, driven by increased technological advancements.
The market is anticipated to grow at a CAGR of 17.7% during the forecast period of 2024-2032, likely to reach a market value of USD 10.8 billion by 2032.
The increasing geriatric patient population, increased alarm fatigue, increased government initiatives and investments, are among the major factors driving the market growth.
New and improved innovations by market key players are influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America is currently leading the global market.
The product types can be categorized into nurse call systems, physiological monitors, bed alarms, EMR integration systems, and ventilators, among others.
The components of clinical alarm management can be divided into solutions and services.
Technologies in the market include wearable devices, telemetry systems, real-time ECG monitoring systems, and wireless systems, among others.
The end users in the market include hospitals, long-term care centres, ambulatory surgical centres, and home care settings, among others.
Key players involved in the market are Koninklijke Philips N.V., General Electric Company, Ascom, Spok, Masimo, Baxter, Stryker, Medtronic, Drägerwerk AG & Co. KGaA, West-Com Nurse Call Systems, Inc, Connexall, GlobeStar Systems Inc, Ascom Holding AG, Capsule Technologies, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and Mobile Heartbeat.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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