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Clinical Alarm Management Market by Component (Solutions, Services), Product (Nurse Call Systems, Physiological Monitors, EMR Integration Systems), End User (Hospitals, Long-term Care Centers, Ambulatory Care Centers) - Global Forecasts to 2023

  • ID: 4702622
  • Report
  • Region: Global
  • 141 Pages
  • Markets and Markets
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The Clinical Alarm Management Market is Projected to Grow at a CAGR of 30.4% During the Forecast Period

FEATURED COMPANIES

  • Ascom Holdings
  • Connexall
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Masimo
  • Vocera Communications
  • MORE

The clinical alarm management market is projected to grow at a CAGR of 30.4% during the forecast period.

The global clinical alarm management market is expected to reach USD 1,724 million by 2023 from an estimated USD 457 million in 2018, at a CAGR of 30.4% during the forecast period. Increasing alarm fatigue, high prevalence of chronic diseases, growth in the geriatric population, need for cost-containment in healthcare delivery, and rising prominence and usage of big data and mHealth tools are expected to drive the growth of the clinical alarm management market. However, the current lack of interoperability in HCIT solutions and the high investments needed to build an effective infrastructure for HCIT capabilities among end users are expected to hinder the growth of the clinical alarm management market in the coming years. Another factor that may slow market growth is the reluctance from traditional providers, due to a lack of awareness on the subject of, and need for, clinical alarm management.

By component, the services segment is expected to grow at the highest rate during the forecast period.

On the basis of component, the global clinical alarm management market is segmented into two broad categories—solutions and services. The services segment is expected to grow at the highest CAGR during the forecast period owing to the increasing adoption of clinical alarm management solutions, increasing alarm fatigue, high prevalence of chronic diseases, and indispensable and recurring nature of services.

By product, the nurse call systems segment is expected to dominate the clinical alarm management market.

On the basis of method, the global clinical alarm management market is segmented into nurse call systems, physiological monitors, EMR integration systems, bed alarms, ventilators, and others (infusion pumps and pulse oximeters).  The EMR integration systems segment is also expected to grow at the highest rate during the forecast period owing to the increased adoption of EHRs and other interoperability solutions in healthcare organizations, growing regulatory requirements & healthcare reforms, shift of point-of-care diagnostics from hospitals to home care settings, and the need for integrated healthcare systems to improve the quality and outcome of healthcare systems. 

The Asia Pacific clinical alarm management market is expected to grow at the highest CAGR during the forecast period.

The APAC region comprising Japan, China, India, and Rest of Asia Pacific offers high-growth opportunities for players in the clinical alarm management market. This segment is slated to register the highest CAGR during the forecast period. Some of the factors driving market growth in the APAC region are growing need for the implementation and integration of medical device and HCIT solutions in Asia to provide cost-effective and quality clinical care to patients, increasing healthcare expenditure in Japan, growing geriatric population, and the increase in disease prevalence.

Break of primary participants was as mentioned below:

  • By Company Type – Tier 1–55%, Tier 2–25% and Tier 3–20%
  • By Designation – C-level–43%, Director Level–32%, Others–25%
  • By Region – North America–38%, Europe–29%, Asia Pacific–23%, RoW–10%

The key players in the global clinical alarm management market are Koninklijke Philips (Netherlands), Vocera Communications (US), Ascom Holdings (Switzerland), Spok, Inc. (US), Bernoulli Enterprise (US), Connexall (Canada), Mobile Heartbeat (US), GE Healthcare (US), Capsule Technologie (US), and Masimo Corporation (US).

Research Coverage:
The report analyzes the clinical alarm management market and aims at estimating the market size and future growth potential of this market based on various segments such as component, product, end user, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies. 

Reasons to Buy the Report
The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater share. Firms purchasing the report could use one, or a combination of the below mentioned five strategies.

This report provides insights into the following pointers:

  • Market Penetration: Comprehensive information on the services offered by the top players in the clinical alarm management market. The report analyzes the market based on component, product, end user, and region
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the clinical alarm management market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various clinical alarm management solutions across regions
  • Market Diversification: Exhaustive information about solutions and services, untapped regions, recent developments, and investments in the clinical alarm management market
  • Competitive Assessment: In-depth assessment of market shares, strategies, distribution networks, and manufacturing capabilities of the leading players in the market
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ascom Holdings
  • Connexall
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Masimo
  • Vocera Communications
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Market Data Validation and Triangulation
2.3 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Clinical Alarm Management Market: Overview
4.2 Global Market, By Product, 2018 vs 2023, (USD Million)
4.3 Global Market, By Component, 2018 vs 2023, (USD Million)
4.4 Global Market, By End User, 2018 vs 2023, (USD Million)
4.5 Global Market: Geographic Snapshot

5 Clinical Alarm Management Market: Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Alarm Fatigue
5.2.1.2 High Prevalence of Chronic Diseases
5.2.1.3 Growth in the Geriatric Population
5.2.1.4 Need for Cost-Containment in Healthcare Delivery
5.2.1.5 Rising Prominence and Usage of Big Data and Mhealth Tools
5.2.2 Restraints
5.2.2.1 Lack of Interoperability
5.2.2.2 High Investments Required to Build It Infrastructure
5.2.3 Opportunities
5.2.3.1 Emerging Markets for Hcit
5.2.3.2 Growing Adoption of Ehrs
5.2.4 Challenges
5.2.4.1 Resistance From Traditional Healthcare Providers

6 By Component
6.1 Introduction
6.2 Solutions
6.2.1 Solutions Segment to Account for the Largest Share of the Clinical Alarm Management Component Market in 2018
6.3 Services
6.3.1 Increasing Adoption of Clinical Alarm Management Solutions and Indispensable and Recurring Nature of Services to Drive the Services Market in the Coming Years
6.3.2 Implementation & Integration
6.3.3 Consulting

7 By Product
7.1 Introduction
7.2 Nurse Call Systems
7.2.1 Nurse Call Systems to Account for the Largest Share of the Clinical Alarm Management Products Market in 2018
7.3 Physiological Monitors
7.3.1 Rising Prevalence of Chronic Diseases & Growing Geriatric Population—Key Factors Driving Market Growth
7.4 Bed Alarms
7.4.1 Increasing Incidence of Injuries in the Elderly Have Driven the Adoption of Clinical Alarm Management Solutions in Bed Alarms
7.5 Emr Integration Systems
7.5.1 Emr Integration Systems to Witness the Highest Growth in the Market During the Forecast Period
7.6 Ventilators
7.6.1 Rising Prevalence of Respiratory Diseases & Increasing Adoption of Ventilator Alarm Management Solutions By Hospitals are the Major Factors Driving Market Growth
7.7 Others
7.7.1 Increasing Demand for Ambulatory Infusion Pumps & Growing Volume of Surgical Procedures Performed— Key Factors Driving Market Growth

8 By End User
8.1 Introduction
8.2 Hospitals
8.2.1 Hospitals to Account for the Largest Share of the Clinical Alarm Management End-User Market in 2018
8.3 Long-Term Care Centers
8.3.1 Growing Geriatric Population to Drive the Market for Long-Term Care in the Coming Years
8.4 Ambulatory Care Centers & Home Care Settings
8.4.1 Increasing Volume of Alarms Generated in Non-Traditional Healthcare Facilities Drive the Adoption of Clinical Alarm Management Solutions

9 By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Increasing Need for Integrated Healthcare It Systems, Implementation of Federal Mandates That Encourage the Adoption of Mhealth Solutions and Telehealth Solutions & Services Among Healthcare Providers, and the High Adoption of Emr/Ehr Solutions- Key Factors Driving Market Growth
9.2.2 Canada
9.2.2.1 Rising Penetration of Devices Capable of Supporting Mobile Solutions and Rising Healthcare Spending to Drive Global Market
9.3 Europe
9.3.1 Germany
9.3.1.1 Government Initiatives to Modernize the Healthcare System, Increasing Healthcare Expenditure, High Penetration of Smartphones, and the Growing Adoption of Patient Monitoring Devices are Likely to Bolster the Growth of the Market
9.3.2 UK
9.3.2.1 Increasing Government Spending and Nhs Programs for Implementing Digital Health Systems is Likely to Increase the Adoption of Clinical Alarm Management Solutions in the Country
9.3.3 France
9.3.3.1 Growing Initiatives to Promote the Adoption of Healthcare It Solutions, Rising Elderly Patient Population, Increasing Documentation of Reimbursements, Technology Innovations, and the Growing Need to Improve Clinical Outcomes-Key Factors Driving Market Growth
9.3.4 RoE
9.3.4.1 Measures Adopted By Governments in the Region to Leverage Hcit, Growing Prevalence of Chronic Diseases, and Increasing Aging Population are the Major Factors Driving Market Growth
9.4 Asia Pacific
9.4.1 Growing Need for the Implementation and Integration of Medical Device and Hcit Solutions in Asia to Provide Cost-Effective and Quality Clinical Care to Patients is Likely to Boost the Adoption of Clinical Alarm Management Solutions
9.5 RoW
9.5.1 Establishment of New Hospitals, and Increasing Alarm Fatigue-Sensory Overload are Driving the Market in This Region

10 Competitive Landscape
10.1 Introduction
10.2 Clinical Alarm Management Market Share Analysis (2017)
10.2.1 Philips
10.2.2 Vocera
10.3 Competitive Scenario

11 Company Profiles
11.1 Koninklijke Philips N.V.
11.2 Vocera Communications
11.3 GE Healthcare
11.4 Ascom Holdings
11.5 Spok, Inc. (Subsidiary of Spok Holdings, Inc.)
11.6 Masimo
11.7 Connexall
11.8 Bernoulli Enterprise, Inc.
11.9 Capsule Technologie (Subsidiary of Qualcomm Life, Inc.)
11.10 Mobile Heartbeat (Subsidiary of Hospital Corporation of America)

12 Appendix
12.1 Discussion Guide: Clinical Alarm Management Market
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables
Table 1 Global Population Statistics, 2015 vs 2030 vs 2050 (Million Individuals)
Table 2 Clinical Alarm Management Market, By Component, 2016–2023 (USD Million)
Table 3 Clinical Alarm Management Solutions Market, By Country, 2016–2023 (USD Million)
Table 4 Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 5 Clinical Alarm Management Services Market, By Country, 2016–2023 (USD Million)
Table 6 Clinical Alarm Management Implementation & Integration Services Market, By Country, 2016–2023 (USD Million)
Table 7 Clinical Alarm Management Consulting Services Market, By Country, 2016–2023 (USD Million)
Table 8 Market, By Product, 2016–2023 (USD Million)
Table 9 Market for Nurse Call Systems, By Region, 2016–2023 (USD Million)
Table 10 Market for Nurse Call Systems, By Country, 2016–2023 (USD Million)
Table 11 Market for Physiological Monitors, By Region, 2016–2023 (USD Million)
Table 12 Market for Physiological Monitors, By Country, 2016–2023 (USD Million)
Table 13 Market for Bed Alarms, By Region, 2016–2023 (USD Million)
Table 14 Clinical Alarm Management Market for Bed Alarms, By Country, 2016–2023 (USD Million)
Table 15 Market for Emr Integration Systems, By Region, 2016–2023 (USD Million)
Table 16 Market for Emr Integration Systems, By Country, 2016–2023 (USD Million)
Table 17 Market for Ventilators, By Region, 2016–2023 (USD Million)
Table 18 Market for Ventilators, By Country, 2016–2023 (USD Million)
Table 19 Market for Others, By Region, 2016–2023 (USD Million)
Table 20 Market for Others, By Country, 2016–2023 (USD Million)
Table 21 Market, By End User, 2016–2023 (USD Million)
Table 22 Market for Hospitals, By Country, 2016–2023 (USD Million)
Table 23 Market for Long-Term Care Centers, By Country, 2016–2023 (USD Million)
Table 24 Market for Ambulatory Care Centers & Home Care Settings, By Country, 2016–2023 (USD Million)
Table 25 Market, By Region, 2016–2023 (USD Million)
Table 26 North America: Clinical Alarm Management Market, By Country, 2016–2023 (USD Million)
Table 27 North America: Market, By Component, 2016–2023 (USD Million)
Table 28 North America: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 29 North America: Market, By Product, 2016–2023 (USD Million)
Table 30 North America: Market, By End User, 2016–2023 (USD Million)
Table 31 US: Market, By Component, 2016–2023 (USD Million)
Table 32 US: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 33 US: Market, By Product, 2016–2023 (USD Million)
Table 34 US: Market, By End User, 2016–2023 (USD Million)
Table 35 Canada: Clinical Alarm Management Market, By Component, 2016–2023 (USD Million)
Table 36 Canada: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 37 Canada: Market, By Product, 2016–2023 (USD Million)
Table 38 Canada: Market, By End User, 2016–2023 (USD Million)
Table 39 Europe: Market, By Country, 2016–2023 (USD Million)
Table 40 Europe: Market, By Component, 2016–2023 (USD Million)
Table 41 Europe: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 42 Europe: Market, By Product, 2016–2023 (USD Million)
Table 43 Europe: Market, By End User, 2016–2023 (USD Million)
Table 44 Germany: Clinical Alarm Management Market, By Component, 2016–2023 (USD Million)
Table 45 Germany: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 46 Germany: Market, By Product, 2016–2023 (USD Million)
Table 47 Germany: Market, By End User, 2016–2023 (USD Million)
Table 48 UK: Market, By Component, 2016–2023 (USD Million)
Table 49 UK: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 50 UK: Market, By Product, 2016–2023 (USD Million)
Table 51 UK: Market, By End User, 2016–2023 (USD Million)
Table 52 France: Clinical Alarm Management Market, By Component, 2016–2023 (USD Million)
Table 53 France: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 54 France: Market, By Product, 2016–2023 (USD Million)
Table 55 France: Market, By End User, 2016–2023 (USD Million)
Table 56 RoE: Market, By Component, 2016–2023 (USD Million)
Table 57 RoE: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 58 RoE: Market, By Product, 2016–2023 (USD Million)
Table 59 RoE: Market, By End User, 2016–2023 (USD Million)
Table 60 Asia Pacific: Clinical Alarm Management Market, By Component, 2016–2023 (USD Million)
Table 61 Asia Pacific: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market, By Product, 2016–2023 (USD Million)
Table 63 Asia Pacific: Market, By End User, 2016–2023 (USD Million)
Table 64 RoW: Market, By Component, 2016–2023 (USD Million)
Table 65 RoW: Clinical Alarm Management Services Market, By Type, 2016–2023 (USD Million)
Table 66 RoW: Market, By Product, 2016–2023 (USD Million)
Table 67 RoW: Market, By End User, 2016–2023 (USD Million)
Table 68 Product Launches and Enhancements, 2015–2018
Table 69 Agreements, Collaborations, and Partnerships, 2015–2018
Table 70 Acquisitions, 2015–2018
Table 71 Expansions, 2015–2018

List of Figures
Figure 1 Clinical Alarm Management Market Segmentation
Figure 2 Global Market: Research Methodology
Figure 3 Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Market, By Component, 2018 vs 2023, (USD Million)
Figure 9 Market, By Product, 2018 vs 2023 (USD Million)
Figure 10 Clinical Alarm Management Market, By End User, 2018 vs 2023 (USD Million)
Figure 11 Asia Pacific to Register the Highest CAGR in the Forecast Period
Figure 12 Increasing Alarm Fatigue and High Prevalence of Chronic Diseases are the Key Factors Driving Market Growth
Figure 13 Nurse Call Systems Segment to Dominate the Clinical Data Management Market During the Forecast Period
Figure 14 Solutions Segment to Dominate the Clinical Data Management Market During the Forecast Period
Figure 15 Hospitals Segment to Dominate the Clinical Data Management Market During the Forecast Period
Figure 16 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Solutions Segment to Dominate the Clinical Alarm Management Market During the Forecast Period
Figure 18 Nurse Call Systems Segment to Dominate the Market During the Forecast Period
Figure 19 Hospitals to Dominate the Market During the Forecast Period
Figure 20 Clinical Alarm Management Market, By Region, 2018 vs 2023
Figure 21 North America: Market Snapshot
Figure 22 Europe: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 RoW: Market Snapshot
Figure 25 Key Developments in the Global Market Between 2015 and 2018
Figure 26 Market Share Analysis, By Key Player, 2017
Figure 27 Koninklijke Philips: Company Snapshot (2017)
Figure 28 Vocera Communications: Company Snapshot (2017)
Figure 29 GE Healthcare: Company Snapshot (2017)
Figure 30 Ascom Holdings: Company Snapshot (2017)
Figure 31 Spok, Inc.: Company Snapshot (2017)
Figure 32 Masimo: Company Snapshot (2017)

Note: Product cover images may vary from those shown
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  • Ascom Holdings
  • Bernoulli Enterprise, Inc.
  • Capsule Technologie (Subsidiary of Qualcomm Life, Inc.)
  • Connexall
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Masimo
  • Mobile Heartbeat (Subsidiary of Hospital Corporation of America)
  • Spok, Inc. (Subsidiary of Spok Holdings, Inc.)
  • Vocera Communications
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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