Clinical Alarm Management Market

Clinical Alarm Management Market by Component (Software, Services), Product (Nurse Call Systems, Physiological Monitors, EMR Integration, Ventilators), End User (Hospitals, Long Term Care Centers, Ambulatory, Home Care Centers) - Global Forecasts to 2027

Report Code: HIT 6766 Aug, 2022, by marketsandmarkets.com

[184 Pages Report] The global clinical alarm management market is projected to reach USD 5.4 billion by 2027 from USD 3.3 billion in 2022, at a CAGR of 10.4% during the forecast period. The increasing demand for healthcare and the rising patient population have resulted in a increasing frequency of patient alarms, regardless of priority. This has resulted in alarm fatigue (sensory overload when clinicians are exposed to an excessive number of alarms). Clinical alarms have the potential to cut costs and facilitate better patient management, with the rising disease prevalence and growing geriatric population, is a key contributor to market growth. However, the current lack of interoperability in Healthcare solutions and the high investments needs to build an effective and supporting infrastructure for HCIT capabilities among end users are expected to restrict the growth of the clinical alarm management market in the coming years.

Clinical Alarm Management Market

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Clinical Alarm Management Market Dynamics

Driver: Increasing alarm fatigue

The number of alerts of low clinical significance, resulting in alarm fatigue, has increased in recent years, mainly due to the increasing number of alarm-based devices, the increasing number of patients connected to various devices, and the lack of standardization across devices. Alarm fatigue, due to the high frequency of alarms, can desensitize healthcare personnel, which, in turn, can result in alarms being ignored or switched off. This may result in potential critical notifications being overridden or avoided, resulting in severe consequences and placing future strains on hospital resources. In addition to causing frustration and stress for caregivers, inaccurate and nuisance alarms can keep patients from resting and hinder recovery.

The ECRI Institute identified alarm hazards as the second-highest patient safety risk in its Top 10 Health Technology Hazards for 2017. According to the ECRI Institute, 216 reports of alarm-related deaths were filed with the FDA between 2005 and 2010. Moreover, the US Joint Commission (the largest standards and accrediting body in healthcare in the US) estimates that 85–99% of alarms do not require immediate clinical intervention. According to an AACN practice alert, the average number of alarms in an ICU has increased from six in 1983 to more than 40 different alarms in 2011.

Restraint: Lack of interoperability

The lack of interoperability serves as a prime restraint to the effective implementation of clinical alarm management solutions and services. Interoperability among electronic systems is a key requirement for data integration and analysis efforts. Without adequate data exchange and analysis, clinical alarm management cannot be effective. According to the National Electronic Health Records Survey carried out from 2015 to 2017, only around 10% of physicians were able to send, receive, and integrate health data into their respective EHR systems. While many hospitals are able to use their current EHRs for some information exchange activities that promote interoperability (such as finding, sending, or receiving information), only 23% of hospitals can perform all four information exchange activities (find, send, receive, and use). According to Premier, Inc. (US) and the eHealth Initiative survey of accountable care organizations (ACOs), ~95% of the organizations surveyed cited interoperability as a major obstacle to effectively using and meeting the potential of HCIT.

Challenge: Resistance from traditional healthcare providers

Currently, many traditional healthcare providers are hesitant to use clinical alarm management solutions, mainly due to a lack of IT knowledge. Some feel that the noise and chaos caused by alarms are normal; hence, the utilization of these solutions is a time-consuming task with limited or no clinical benefits. The adoption rate of these solutions can be potentially improved by increasing awareness and offering inputs or incentives to nurses and caregivers for recommending the use of clinical alarm management. Awareness can also be created by engaging physicians during phases of software development and the pilot testing of these solutions. This would also help in ensuring the clinical relevance of the solution and hence promote its utility for achieving clinical benefits. Although the adoption of clinical alarm management solutions is gradually increasing, the lack of nurse acceptance may decelerate market growth

Opportunity: Growing adoption of EHRs

Electronic health records generally include complex, confidential, and often unstructured patient data. Merging this information into the healthcare delivery process is a challenge that has to be met to realize the opportunities for improving patient care. Although EHRs have been in use for more than a decade, the market has picked up pace due to government initiatives in various countries aimed at improving patient security.The next phase of the EHR development process is likely to use context-specific information about the clinical care setting and patients to refine functionality and improve the relevance of reference content and alerts that are delivered to the patient at the point of care. In particular, when EHRs can harness greater patient context from the medical records stored in the patient’s profile, that information can influence alerts provided to clinicians in a way that makes them less voluminous and more relevant. Thus, with the expected double-digit market growth of EHR systems by 2027, hospitals will increasingly focus on building their capabilities through the integration of various hospital systems with EHRs. This, in turn, is expected to offer potential growth opportunities to market players in the coming years.

“Solution segment is expected to grow at the highest rate during the forecast period”

The worldwide clinical alarm management market is divided into solutions and services based on component. The clinical alarm management market was dominated by the solutions segment in 2021. The substantial proportion of this market can be attributable to the ongoing requirement for software application upgrades and enhancements.

“Nurse call systems segment accounted for the largest share of the global Clinical alarm management market”

The clinical alarm management market is divided based on product into ventilators, nurse call systems, physiological monitoring, EMR integration systems, and other products. In 2021, the nurse call systems market category held the greatest market share. The large share of this market can be attributed to research organisations' efforts to reduce the dangers of alarm fatigue, the rise in the number of technologically advanced nurse call systems introduced to the market, and healthcare providers' increased focus on creating alarm management strategies to lessen alarm fatigue.

“The Hospitals segment is expected to grow with the highest CAGR during the forecast period”

Based on end users, the clinical alarm management market is segmented into hospitals, long-term care centers, and ambulatory care centers & home care settings. In 2021, the hospitals segment accounted for the largest share of the clinical alarm management market. The significant market share of this category may be ascribed to the increased hospital use of clinical alarm management solutions and the rise in government-led initiatives to raise the standard of healthcare..

North America accounted for the largest share of the global clinical alarm management market in 2021.

In 2021, North America accounted for the largest share of the global clinical alarm management market. The large share of the north American market is due to increasing cases of alarm fatigue and governmental efforts to lessen the impacts of alarm fatigue, and the increasing need for integrated healthcare IT systems to ensure reliability, efficient maintenance of data, data integrity, and timely availability of patient data to authorized healthcare professionals.

Clinical Alarm Management Market by Region

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Some of the prominent players operating in the market are Koninklijke Philips N.V. (Netherlands), Vocera Communications (US), GE Healthcare (US), Ascom (Switzerland), Spok, Inc. (US), Masimo (US), Connexall (Canada), Capsule Technologies, Inc. (US), Cornell Communications (US), Mobile Heartbeat (US), Drägerwerk AG & Co. KGaA (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Baxter (US), Intercall Systems Inc. (US), Medtronic (Ireland), Johnson Controls (Ireland), West-Com Nurse Call Systems (US), Critical Alert (US), CSinc (India), Live Sentinel (US), Amplion Clinical Communications, Inc. (US), Cerner Corporation (US), Alpha Communications (US), Fujian Huanyutong Technology Co., Ltd. (China), and Tunstall Group (UK).

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Scope of the Report

Report Metric

Details

Market size available for years

2020-2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Billion)

Segments covered

Component, Product, End User, And Region

Geographies covered

North America (US, and Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, and RoAPAC), RoW

Companies covered

Koninklijke Philips N.V. (Netherlands), Vocera Communications (US), GE Healthcare (US), Ascom (Switzerland), Spok, Inc. (US), Masimo (US), Connexall (Canada), Capsule Technologies, Inc. (US), Cornell Communications (US), Mobile Heartbeat (US), Drägerwerk AG & Co. KGaA (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Baxter (US), Intercall Systems Inc. (US), Medtronic (Ireland), Johnson Controls (Ireland), West-Com Nurse Call Systems (US), Critical Alert (US), CSinc (India), Live Sentinel (US), Amplion Clinical Communications, Inc. (US), Cerner Corporation (US), Alpha Communications (US), Fujian Huanyutong Technology Co., Ltd. (China), and Tunstall Group (UK).

The study categorizes the clinical alarm management market into the following segments and subsegments:

By Component

  • Solutions
  • Services

By Product

  • Nurse call systems
  • Physiological monitors
  • EMR integration systems
  • Ventilators
  • Other products

By End User

  • Hospitals
  • Long-term care centers
  • Ambulatory care centers & home care settings Passive CDSS

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of APAC (RoAPAC)
  • RoW

Recent Developments:

  • In July 2022, Spok (US) partnered with  inTechnology Distribution (Australia),  Through this partnership, inTechnology relaunched the Spok Partner Program in the APAC channel. Through the partner program, inTechnology Distribution and Spok will offer various tools such as business planning, technical support, training, marketing, and co-development to support partners in scaling their respective businesses.
  • In June 2022, Ascom (Switzerland) collaborated with German Healthcare Foundation (Germany). Through this collaboration, the German Healthcare Foundation commissioned Ascom to roll out the Ascom Digistat software to improve care efficiency at three of its hospital sites. The contract value amounts to approximately EUR 1.4 million.
  • In February 2022, Vocera partnered with Jupiter Medical Center to further enhance team communication and collaboration across the 248-bed hospital. Vocera’s solutions will help to achieve several clinical and operational objectives, including streamlining communication among clinicians, fostering patient and team safety, creating a quiet healing environment, and enhancing communication with patients’ families.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
          FIGURE 1 CLINICAL ALARM MANAGEMENT MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
           1.5.1 SCOPE-RELATED LIMITATIONS
           1.5.2 METHODOLOGY-RELATED LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA
          FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 3 PRIMARY SOURCES
                    2.1.2.1 Key industry insights
                                FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
          FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION
          FIGURE 6 REVENUE SHARE ANALYSIS ILLUSTRATION
           2.2.1 GROWTH FORECAST
                    FIGURE 7 CAGR PROJECTIONS FROM ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES (2022–2027)
                    FIGURE 8 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
                    FIGURE 9 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 10 DATA TRIANGULATION METHODOLOGY
    2.4 MARKET SHARE ESTIMATION
    2.5 MARKET SIZING ASSUMPTIONS
    2.6 STUDY ASSUMPTIONS
    2.7 RISK ASSESSMENT
          TABLE 1 RISK ASSESSMENT: CLINICAL ALARM MANAGEMENT MARKET

3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 11 CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION)
    FIGURE 12 CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2022 VS. 2027 (USD MILLION)
    FIGURE 13 CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2022 VS. 2027 (USD MILLION)
    FIGURE 14 GEOGRAPHICAL SNAPSHOT OF CLINICAL ALARM MANAGEMENT MARKET

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 CLINICAL ALARM MANAGEMENT MARKET OVERVIEW
          FIGURE 15 NEED FOR COST-CONTAINMENT IN HEALTHCARE INDUSTRY TO DRIVE MARKET
    4.2 NORTH AMERICA: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT AND COUNTRY (2021)
          FIGURE 16 SOLUTIONS ACCOUNTED FOR LARGEST SHARE OF NORTH AMERICAN CLINICAL ALARM MANAGEMENT MARKET IN 2021
    4.3 CLINICAL ALARM MANAGEMENT MARKET SHARE, BY COMPONENT, 2022 VS. 2027
          FIGURE 17 SOLUTIONS WILL CONTINUE TO DOMINATE CLINICAL ALARM MANAGEMENT MARKET IN 2027
    4.4 CLINICAL ALARM MANAGEMENT MARKET SHARE, BY END USER, 2022 VS. 2027
          FIGURE 18 HOSPITALS TO ACCOUNT FOR LARGEST SHARE OF CLINICAL ALARM MANAGEMENT MARKET IN 2022
    4.5 CLINICAL ALARM MANAGEMENT MARKET SHARE, BY PRODUCT, 2022 VS. 2027
          FIGURE 19 NURSE CALL SYSTEMS DOMINATE CLINICAL ALARM MANAGEMENT MARKET
    4.6 CLINICAL ALARM MANAGEMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
          FIGURE 20 ASIA PACIFIC MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
          FIGURE 21 MARKET DYNAMICS
           5.1.1 DRIVERS
                    5.1.1.1 Increasing alarm fatigue
                    5.1.1.2 High prevalence of chronic diseases
                    5.1.1.3 Growing geriatric population
                    5.1.1.4 Need for cost-containment in healthcare delivery
                    5.1.1.5 Rising prominence and usage of big data and mHealth tools
           5.1.2 RESTRAINTS
                    5.1.2.1 Lack of interoperability
                    5.1.2.2 High investments required to build IT infrastructure
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Emerging markets for HCIT
                    5.1.3.2 Growing adoption of EHRs
           5.1.4 CHALLENGES
                    5.1.4.1 Resistance from traditional healthcare providers
    5.2 VALUE CHAIN ANALYSIS
          FIGURE 22 CLINICAL ALARM MANAGEMENT MARKET: VALUE CHAIN ANALYSIS (2021)
    5.3 CASE STUDIES
           5.3.1 FOCUS ON IMPROVING STAFF RESPONSE, EFFICIENCY, AND TIME
                    5.3.1.1 Case 1: Reducing alarm fatigue in ICUs
           5.3.2 IMPROVING EFFICIENCY WITH DATA-DRIVEN APPROACH
                    5.3.2.1 Case 2: Data-driven approach helps hospitals build effective clinical alarm management programs
           5.3.3 IMPROVING OUTCOMES IN GENERAL WARDS WITH PATIENT SAFETYNET
                    5.3.3.1 Case 3: Focus on quality and safety
    5.4 ECOSYSTEM ANALYSIS
          FIGURE 23 CLINICAL ALARM MANAGEMENT MARKET: ECOSYSTEM ANALYSIS (2021)
    5.5 TECHNOLOGY ANALYSIS
           5.5.1 MACHINE LEARNING
           5.5.2 ARTIFICIAL INTELLIGENCE
           5.5.3 INTERNET OF THINGS
    5.6 REGULATORY ANALYSIS
           5.6.1 NORTH AMERICA
           5.6.2 EUROPE
           5.6.3 ASIA PACIFIC
           5.6.4 MIDDLE EAST AND AFRICA
           5.6.5 LATIN AMERICA
    5.7 PORTER’S FIVE FORCES ANALYSIS
          TABLE 2 CLINICAL ALARM MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.8 INDUSTRY TRENDS
           5.8.1 SHIFT TOWARD VALUE-BASED PATIENT-CENTRIC CARE AND OUTCOMES
           5.8.2 GRADUAL SHIFT OF ACCOUNTABILITY FROM PAYERS TO PROVIDERS
           5.8.3 GROWING DEMAND FOR VALUE-BASED HEALTHCARE
    5.9 PRICING ANALYSIS
          TABLE 3 AVERAGE SELLING PRICE OF CLINICAL ALARM MANAGEMENT SYSTEMS, BY SERVICE (2021)
    5.10 KEY CONFERENCES AND EVENTS
           TABLE 4 CLINICAL ALARM MANAGEMENT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS
                     TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS
           5.11.2 BUYING CRITERIA
                     FIGURE 25 KEY BUYING CRITERIA FOR END USERS
                     TABLE 6 KEY BUYING CRITERIA FOR END USERS

6 CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT (Page No. - 69)
    6.1 INTRODUCTION
          TABLE 7 CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
    6.2 SOLUTIONS
           6.2.1 FASTEST-GROWING COMPONENT SEGMENT
                    TABLE 8 CLINICAL ALARM MANAGEMENT SOLUTIONS MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.3 SERVICES
          TABLE 9 CLINICAL ALARM MANAGEMENT SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 10 CLINICAL ALARM MANAGEMENT SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION)
           6.3.1 IMPLEMENTATION AND INTEGRATION
                    6.3.1.1 Increasing adoption of clinical alarm management solutions by healthcare providers to drive market
           6.3.2 CONSULTING
                    6.3.2.1 Consulting services provide strategic alarm and noise management

7 CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT (Page No. - 75)
    7.1 INTRODUCTION
          TABLE 11 CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
    7.2 NURSE CALL SYSTEMS
          TABLE 12 CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 13 CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY REGION, 2020–2027 (USD MILLION)
           7.2.1 BUTTON-BASED SYSTEMS
                    7.2.1.1 Low cost, ease of use, high reliability, and fast response time—advantages of button-based systems
                                TABLE 14 BUTTON-BASED NURSE CALL SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)
           7.2.2 INTEGRATED COMMUNICATION SYSTEMS
                    7.2.2.1 Integrated communication systems to register highest growth during forecast period
                                TABLE 15 INTEGRATED COMMUNICATION NURSE CALL SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)
           7.2.3 OTHER NURSE CALL SYSTEMS
                    TABLE 16 OTHER NURSE CALL SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.3 PHYSIOLOGICAL MONITORS
           7.3.1 RISING PREVALENCE OF CHRONIC DISEASES AND GROWING GERIATRIC POPULATION—KEY FACTORS DRIVING MARKET
                    TABLE 17 CLINICAL ALARM MANAGEMENT MARKET FOR PHYSIOLOGICAL MONITORS, BY REGION, 2020–2027 (USD MILLION)
    7.4 EMR INTEGRATION SYSTEMS
           7.4.1 EMR INTEGRATION SYSTEMS TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
                    TABLE 18 CLINICAL ALARM MANAGEMENT MARKET FOR EMR INTEGRATION SYSTEMS, BY REGION, 2020–2027 (USD MILLION)
    7.5 VENTILATORS
           7.5.1 RISING PREVALENCE OF RESPIRATORY DISEASES TO INCREASE ADOPTION OF VENTILATORS
                    TABLE 19 CLINICAL ALARM MANAGEMENT MARKET FOR VENTILATORS, BY REGION, 2020–2027 (USD MILLION)
    7.6 OTHER PRODUCTS
          TABLE 20 OTHER CLINICAL ALARM MANAGEMENT PRODUCTS MARKET, BY REGION, 2020–2027 (USD MILLION)

8 CLINICAL ALARM MANAGEMENT MARKET, BY END USER (Page No. - 85)
    8.1 INTRODUCTION
          TABLE 21 CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
    8.2 HOSPITALS
           8.2.1 LARGEST END USERS OF CLINICAL ALARM MANAGEMENT SOLUTIONS
                    TABLE 22 CLINICAL ALARM MANAGEMENT MARKET FOR HOSPITALS, BY REGION, 2020–2027 (USD MILLION)
    8.3 LONG-TERM CARE CENTERS
           8.3.1 GROWING GERIATRIC POPULATION TO DRIVE MARKET
                    TABLE 23 CLINICAL ALARM MANAGEMENT MARKET FOR LONG-TERM CARE CENTERS, BY REGION, 2020–2027 (USD MILLION)
    8.4 AMBULATORY CARE CENTERS AND HOME CARE SETTINGS
           8.4.1 THESE SETTINGS USE CLINICAL ALARM MANAGEMENT SOLUTIONS TO MANAGE POPULATION HEALTH
                    TABLE 24 CLINICAL ALARM MANAGEMENT MARKET FOR AMBULATORY CARE CENTERS AND HOME CARE SETTINGS, BY REGION, 2020–2027 (USD MILLION)

9 CLINICAL ALARM MANAGEMENT MARKET, BY REGION (Page No. - 91)
    9.1 INTRODUCTION
          TABLE 25 CLINICAL ALARM MANAGEMENT MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.2 NORTH AMERICA
          FIGURE 26 NORTH AMERICA: CLINICAL ALARM MANAGEMENT MARKET SNAPSHOT
          TABLE 26 NORTH AMERICA: CLINICAL ALARM MANAGEMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
          TABLE 27 NORTH AMERICA: CLINICAL ALARM MANAGEMENT MARKET,BY COMPONENT, 2020–2027 (USD MILLION)
          TABLE 28 NORTH AMERICA: CLINICAL ALARM MANAGEMENT SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 29 NORTH AMERICA: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
          TABLE 30 NORTH AMERICA: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 31 NORTH AMERICA: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Implementation of federal mandates encouraged adoption of mHealth and telehealth solutions & services
                                TABLE 32 US: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 33 US: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 34 US: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 35 US: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.2.2 CANADA
                    9.2.2.1 Rising healthcare spending to drive clinical alarm management market
                                TABLE 36 CANADA: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 37 CANADA: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 38 CANADA: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 39 CANADA: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.2.3 MEXICO
                    9.2.3.1 Growing number of COVID-19 cases and need to curtail healthcare costs—key growth drivers
                                TABLE 40 MEXICO: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 41 MEXICO: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 42 MEXICO: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 43 MEXICO: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
    9.3 EUROPE
          TABLE 44 EUROPE: CLINICAL ALARM MANAGEMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
          TABLE 45 EUROPE: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
          TABLE 46 EUROPE: CLINICAL ALARM MANAGEMENT SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 47 EUROPE: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
          TABLE 48 EUROPE: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 49 EUROPE: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Government initiatives to modernize healthcare system propelling adoption of clinical alarm management systems
                                TABLE 50 GERMANY: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 51 GERMANY: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 52 GERMANY: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 53 GERMANY: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.3.2 UK
                    9.3.2.1 NHS programs for implementing digital health systems to increase adoption of clinical alarm management solutions
                                TABLE 54 UK: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 55 UK: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 56 UK: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 57 UK: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.3.3 FRANCE
                    9.3.3.1 Growing initiatives to promote adoption of healthcare IT solutions to drive market
                                TABLE 58 FRANCE: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 59 FRANCE: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 60 FRANCE: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 61 FRANCE: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.3.4 SPAIN
                    9.3.4.1 Need for optimization in healthcare workflows to drive market
                                TABLE 62 SPAIN: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 63 SPAIN: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 64 SPAIN: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 65 SPAIN: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.3.5 ITALY
                    9.3.5.1 Rising geriatric population and increasing prevalence of chronic diseases to drive adoption of nurse call systems
                                TABLE 66 ITALY: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 67 ITALY: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 68 ITALY: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 69 ITALY: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.3.6 REST OF EUROPE
                    TABLE 70 REST OF EUROPE: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                    TABLE 71 REST OF EUROPE: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                    TABLE 72 REST OF EUROPE: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 73 REST OF EUROPE: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
    9.4 ASIA PACIFIC
          FIGURE 27 ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET SNAPSHOT
          TABLE 74 ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
          TABLE 75 ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
          TABLE 76 ASIA PACIFIC: CLINICAL ALARM MANAGEMENT SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 77 ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
          TABLE 78 ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 79 ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.4.1 JAPAN
                    9.4.1.1 Well-developed healthcare infrastructure and government initiatives to drive market
                                TABLE 80 JAPAN: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 81 JAPAN: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 82 JAPAN: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 83 JAPAN: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.4.2 CHINA
                    9.4.2.1 Large population and high burden of chronic diseases to drive market
                                TABLE 84 CHINA: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 85 CHINA: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 86 CHINA: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 87 CHINA: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.4.3 INDIA
                    9.4.3.1 Improvements in healthcare infrastructure to support market growth
                                TABLE 88 INDIA: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                                TABLE 89 INDIA: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                                TABLE 90 INDIA: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                                TABLE 91 INDIA: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
           9.4.4 REST OF ASIA PACIFIC
                    TABLE 92 REST OF ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
                    TABLE 93 REST OF ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                    TABLE 94 REST OF ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
                    TABLE 95 REST OF ASIA PACIFIC: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)
    9.5 REST OF THE WORLD
          TABLE 96 REST OF THE WORLD: CLINICAL ALARM MANAGEMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
          TABLE 97 REST OF THE WORLD: CLINICAL ALARM MANAGEMENT SERVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 98 REST OF THE WORLD: CLINICAL ALARM MANAGEMENT MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
          TABLE 99 REST OF THE WORLD: CLINICAL ALARM MANAGEMENT MARKET FOR NURSE CALL SYSTEMS, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 100 REST OF THE WORLD: CLINICAL ALARM MANAGEMENT MARKET, BY END USER, 2020–2027 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 130)
     10.1 OVERVIEW
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             TABLE 101 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN CLINICAL ALARM MANAGEMENT MARKET
     10.3 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS
             FIGURE 28 REVENUE ANALYSIS OF KEY PLAYERS IN CLINICAL ALARM MANAGEMENT MARKET
     10.4 MARKET RANKING ANALYSIS
             FIGURE 29 CLINICAL ALARM MANAGEMENT MARKET RANKING, BY KEY PLAYER, 2021
     10.5 COMPETITIVE BENCHMARKING
             TABLE 102 CLINICAL ALARM MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
             TABLE 103 CLINICAL ALARM MANAGEMENT MARKET: END-USER FOOTPRINT OF KEY PLAYERS
             TABLE 104 CLINICAL ALARM MANAGEMENT MARKET: REGIONAL FOOTPRINT OF KEY PLAYERS
     10.6 COMPETITIVE LEADERSHIP MAPPING
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
                        FIGURE 30 CLINICAL ALARM MANAGEMENT MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2021
     10.7 COMPETITIVE LEADERSHIP MAPPING FOR STARTUPS/SMES
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 STARTING BLOCKS
             10.7.3 RESPONSIVE COMPANIES
             10.7.4 DYNAMIC COMPANIES
                        FIGURE 31 CLINICAL ALARM MANAGEMENT MARKET: COMPETITIVE LEADERSHIP MAPPING FOR STARTUPS/SMES, 2021
     10.8 COMPETITIVE SITUATIONS AND TRENDS
             TABLE 105 KEY PRODUCT LAUNCHES AND APPROVALS, JANUARY 2019–JULY 2022
             TABLE 106 KEY DEALS, JANUARY 2019–JULY 2022

11 COMPANY PROFILES (Page No. - 144)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats) *
     11.1 KEY PLAYERS
             11.1.1 KONINKLIJKE PHILIPS N.V.
                        TABLE 107 KONINKLIJKE PHILIPS N.V.: BUSINESS OVERVIEW
                        FIGURE 32 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2021)
             11.1.2 VOCERA COMMUNICATIONS
                        TABLE 108 VOCERA COMMUNICATIONS: BUSINESS OVERVIEW
                        FIGURE 33 VOCERA COMMUNICATIONS: COMPANY SNAPSHOT (2021)
             11.1.3 GE HEALTHCARE
                        TABLE 109 GE HEALTHCARE: BUSINESS OVERVIEW
                        FIGURE 34 GE HEALTHCARE: COMPANY SNAPSHOT (2021)
             11.1.4 ASCOM
                        TABLE 110 ASCOM: BUSINESS OVERVIEW
                        FIGURE 35 ASCOM: COMPANY SNAPSHOT (2021)
             11.1.5 SPOK, INC. (SUBSIDIARY OF SPOK HOLDINGS, INC.)
                        TABLE 111 SPOK, INC.: BUSINESS OVERVIEW
                        FIGURE 36 SPOK HOLDINGS, INC.: COMPANY SNAPSHOT (2021)
             11.1.6 MASIMO
                        TABLE 112 MASIMO: BUSINESS OVERVIEW
                        FIGURE 37 MASIMO: COMPANY SNAPSHOT (2022)
             11.1.7 CONNEXALL
                        TABLE 113 CONNEXALL: BUSINESS OVERVIEW
             11.1.8 CAPSULE TECHNOLOGIES, INC.
                        TABLE 114 CAPSULE TECHNOLOGIES, INC.: BUSINESS OVERVIEW
             11.1.9 CORNELL COMMUNICATIONS
                        TABLE 115 CORNELL COMMUNICATIONS: BUSINESS OVERVIEW
             11.1.10 MOBILE HEARTBEAT (SUBSIDIARY OF HOSPITAL CORPORATION OF AMERICA)
                        TABLE 116 MOBILE HEARTBEAT: BUSINESS OVERVIEW
     11.2 OTHER PLAYERS
             11.2.1 DRÄGERWERK AG & CO. KGAA
             11.2.2 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
             11.2.3 BAXTER INTERNATIONAL, INC.
             11.2.4 INTERCALL SYSTEMS INC.
             11.2.5 MEDTRONIC
             11.2.6 JOHNSON CONTROLS
             11.2.7 WEST-COM NURSE CALL SYSTEMS, INC.
             11.2.8 CRITICAL ALERT
             11.2.9 CSI COMPUTECH INDIA PVT. LTD.
             11.2.10 LIVE SENTINEL
             11.2.11 AMPLION CLINICAL COMMUNICATIONS, INC.
             11.2.12 CERNER CORPORATION
             11.2.13 ALPHA COMMUNICATIONS
             11.2.14 FUJIAN HUANYUTONG TECHNOLOGY CO., LTD.
             11.2.15 TUNSTALL GROUP

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view
(Key strengths/Right to win, Strategic choices made, Weakness/competitive threats) * might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 177)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 CUSTOMIZATION OPTIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

This market research study involved the extensive use of secondary sources, directories, and databases to identify and collect information useful for this technical, market-oriented, and financial study of the Clinical alarm management market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess market prospects. The size of the Clinical alarm management market was estimated through various secondary research approaches and triangulated with inputs from primary research to arrive at the final market size.

Secondary Research

The secondary sources referred to for this research study include publications from government sources, such as WHO, ATA, AHA and AAHM. Secondary sources also include corporate and regulatory filings (such as annual reports, SEC filings, investor presentations, and financial statements); business magazines and research journals; press releases; and trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall size of the global Clinical alarm management market, which was validated through primary research.

Primary Research

Extensive primary research was conducted after acquiring basic knowledge about the global Clinical alarm management market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand side (such as Individual Physicians, Physician Groups, Hospitals, Clinics and Other Healthcare Facilities, Payers- Private and Public Insurance Bodies, Other End Users- Employer Groups and Government Bodies) and supply-side (such as C-level and D-level executives, product managers, marketing and sales managers of key manufacturers, distributors, and channel partners, among others) across five major regions—North America, Europe, the Asia Pacific, Latin America, Middle East and the Africa. Approximately 70% and 30% of primary interviews were conducted with supply-side and demand-side participants, respectively. This primary data was collected through questionnaires, e-mails, online surveys, personal interviews, and telephonic interviews.

Clinical Alarm Management Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Both top-down and bottom-up approaches were used to estimate and validate the size of the Clinical alarm management market and various other dependent submarkets. The research methodology used to estimate the market size includes the following details:

  • Key players in the global clinical alarm management market were identified through secondary research, and their global market shares were determined through primary and secondary research
  • The research methodology included the study of the annual and quarterly financial reports and regulatory filings, data books of major market players, and interviews with industry experts for detailed market insights
  • All percentage shares, splits, and breakdowns for the global clinical alarm management market were determined by using secondary sources and verified through primary sources
  • All key macroindicators affecting the revenue growth of market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get validated and verified quantitative and qualitative data
  • The gathered market data was consolidated and added with detailed inputs and analysis and presented in this report

Data Triangulation

After arriving at the overall market size, from the market size estimation process explained above, the Clinical alarm management market was split into segments and subsegments. To complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the Clinical alarm management market.

Report Objectives

  • To define, describe, and forecast the clinical alarm management market on the basis of component, product, end user, and region
  • To provide detailed information regarding factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
  • To strategically analyze the market structure and profile the key players of the clinical alarm management market and comprehensively analyze their core competencies
  • To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To track and analyze competitive developments such as product launches, expansions, acquisitions, partnerships, collaborations, and agreements

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company information

  • Detailed analysis and profiling of additional market players (up to 20)
Report Code
HIT 6766
Published ON
Aug, 2022
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