How has the Clinical Alarm Management Market size Evolved and What are the Growth Predictions for the Future?
The clinical alarm management market size has grown rapidly in recent years. From a value of $2.83 billion in 2024, it is expected to grow to $3.39 billion in 2025 at a compound annual growth rate (CAGR) of 19.7%. This sizable increase in the historic period can be attributed to various factors such as patient safety concerns, regulatory compliance, the increasing complexity of healthcare devices, alarm fatigue mitigation, patient-centered care initiatives, and the risk of adverse events.
Looking forward, the clinical alarm management market size is poised for exponential growth. Projected to reach $7.85 billion in 2029 with a CAGR of 23.4%, this growth in the forecast period can be attributed to the expansion in remote patient management, trends in population health management, patient engagement solutions, data analytics for alarm optimization, and global health emergency preparedness.
Get Your Free Sample of The Global Clinical Alarm Management Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=7876&type=smp
What are the Key Factors Driving the Clinical Alarm Management Market?
The growing cases of alarm fatigue are set to be a major propellant for the growth of the clinical alarm management market. With clinicians experiencing sensory overload due to the excessive number of alarms leading to missed alarms and delayed responses, alarm fatigue has been linked to several patient deaths. Alarm management is now recognized as a critical safety issue, prompting hospitals to adopt clinical alarm management solutions. This modern technology helps manage and reduce alarm fatigue while providing a solution to an increasing issue faced by patients in medical institutions.
What are the Major Segments in the Global Clinical Alarm Management Market?
– By Product: Physiological Monitors, Nurse Call Systems, Ventilators, Bed Alarms, Anesthesia Machines, Telemetry Monitors, Feeding Pumps, Other Products
– By Component: Solutions, Services
– By End-User: Hospitals And Clinics, Home Care Settings, Ambulatory Care Centers, Long-Term Care Facilities, Specialty Centers
Order your report now for swift delivery: https://www.thebusinessresearchcompany.com/report/clinical-alarm-management-global-market-report
Who are the Major Players in the Clinical Alarm Management Market?
Notable companies operating in the clinical alarm management market include Koninklijke Philips NV, GE Healthcare Technologies Inc., Ascom Holdings AG, Spok Holdings Inc., Masimo Corp., Vocera Communications Inc., Medtronic Inc., Dragerwerk AG, Connexall Inc., Mobile Heartbeat LLC, Hill-Rom Services Inc., Cornell Communications Inc., Intercall Systems Inc., Critical Alert Systems LLC, Capsule Technologies Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Baxter International Inc., Johnson Controls International PLC, West-Com Nurse Call Systems Inc., Csinc Inc., Live Sentinel Ltd., Amplion Clinical Communications Inc., Cerner Corporation, Alpha Communications Ltd., Fujian Huanyutong Technology Co. Ltd., Tunstall Group Holdings Ltd., AMETEK Inc., Midmark Corporation, Stanley Healthcare Inc., Bernoulli Health Corp., Extension Healthcare, Alertus Technologies LLC, Everbridge Inc., Intego Systems LLC, Nuvon Inc.
What are the Emerging Trends in the Clinical Alarm Management Market?
Companies in the clinical alarm management market are focusing on technological advancements such as real-time monitoring systems and predictive analytics to enhance patient safety and streamline alarm notifications. Notably, CENTEGIX, a US-based safety solutions provider, launched its CENTEGIX Safety Platform for hospitals and health systems in April 2024, improving incident response time through real-time location capabilities and digital mapping facilitated by wearable devices.
What are the Regional Insights into the Clinical Alarm Management Market?
North America was the largest region in the clinical alarm management market in 2024. The regions covered in the clinical alarm management market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Clinical Alarm Management Market Report 2025 Offer?
Clinical alarm management pertains to how healthcare teams respond to unfavorable changes in a patient’s condition. This technology improves patient care, saves time and money, and reduces alarm fatigue in home and hospital settings. This Clinical Alarm Management Market research report from The Business Research Company offers invaluable insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7876
About The Business Research Company
Our company, armed with over 15000+ reports from 27 industries covering 60+ geographical regions, has built a reputation for offering comprehensive and data-rich research and insights. With 1,500,000 datasets, we aim to provide the data you need to stay ahead through our in-depth secondary research and unique insights from industry leaders.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
