What Is The Current and Historic Market Size Analysis Of The Clinical Alarm Management Market?
The clinical alarm management market has seen considerable growth due to a variety of factors.
• The market size for clinical alarm management has seen swift expansion in the past few years. The expected growth is from $2.83 billion in 2024 to $3.39 billion in 2025, marking a compound annual growth rate (CAGR) of 19.7%. Factors contributing to the growth over the historic period include concerns over patient safety, regulatory compliance, the growing complexity of healthcare devices, efforts to alleviate alarm fatigue, initiatives around patient-centered care, and the risk of adverse events.
What are the Market Size and Expected Growth Rates for the Clinical Alarm Management Template Market?
The Clinical Alarm Management market is expected to maintain its strong growth trajectory in upcoming years.
• The market for clinical alarm management is predicted to undergo rapid expansion in the upcoming years, reaching a value of $7.85 billion by 2029, with a compound annual growth rate (CAGR) of 23.4%.
Growth in this period is linked to the spread of remote patient management, population health management tendencies, the advent of patient engagement solutions, data analysis for alarm enhancement, and global readiness for health crises. Looking ahead, the key trends expected to shape this market include the introduction of artificial intelligence (AI), the use of advanced analytics and predictive algorithms, compatibility and integration with electronic health records (EHRs), wireless and mobile services, protection against cyber threats, collaboration and partnerships between vendors, and the implementation of continuous monitoring technologies.
Which Key Drivers Are Propelling The Clinical Alarm Management Market's Growth?
The expansion of the clinical alarm management market is likely to be fueled by the escalating instances of alarm fatigue. Alarm fatigue is a term that describes the sensory overstimulation that healthcare providers experience due to excessive alarm alerts, which can lead to overlooked alarms and delayed reactions. Alarm fatigue has been linked to several patient fatalities. Hospitals are progressively identifying alarm fatigue as a vital safety concern, prompting prioritizing alarm management. Clinical alarm management systems are designed to handle and lessen alarm fatigue through the use of contemporary clinical communication tools. For instance, a study published by the BMJ, a British Medical Association-owned UK medical journal, in 2023, highlighted that alarm fatigue is a growing issue in healthcare facilities for patients. The causes of false alarms include patient movement, incorrect positioning, and early removal of a device. It is estimated that over 70% of alarms might be false, ultimately hampering patient safety. As a result, the increase in alarm fatigue is boosting the application of clinical alarm management solutions, consequently driving the growth of the clinical alarm management market.
What Are The Key Segments Within The Global Clinical Alarm Management Market?
The clinical alarm management market covered in this report is segmented –
1) By Product: Physiological Monitors, Nurse Call Systems, Ventilators, Bed Alarms, Anesthesia Machines, Telemetry Monitors, Feeding Pumps, Other Products
2) By Component: Solutions, Services
3) By End-User: Hospitals And Clinics, Home Care Settings, Ambulatory Care Centers, Long-Term Care Facilities, Specialty Centers
Subsegments:
1) By Physiological Monitors: Heart Rate Monitors, Blood Pressure Monitors, Pulse Oximeters, Multi-parameter Monitors
2) By Nurse Call Systems: Wired Nurse Call Systems, Wireless Nurse Call Systems, Integrated Nurse Call Systems
3) By Ventilators: Mechanical Ventilators, Portable Ventilators, Non-invasive Ventilators
4) By Bed Alarms: Pressure-Sensitive Bed Alarms, Motion Detection Bed Alarms
5) By Anesthesia Machines: General Anesthesia Machines, Regional Anesthesia Machines
6) By Telemetry Monitors: Cardiac Telemetry Monitors, Remote Patient Monitoring Systems
7) By Feeding Pumps: Enteral Feeding Pumps, Syringe Feeding Pumps
8) By Other Products: Smart Wearables, Alarm Management Software
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How Are New Trends Impacting The Size Of The Clinical Alarm Management Market?
Major enterprises in the clinical alarm management sector are focusing on technological innovation, like live tracking systems and predictive analysis, to augment patient safety and streamline alarm alerts in medical facilities. CENTEGIX, a firm specializing in emergency alert systems, has developed its CrisisAlert platform to improve safety in education and healthcare through real-time communication and emergency alerts via wearable devices. For example, in April 2024, CENTEGIX, a US-based entity offering safety solutions such as wearable tech, unveiled its CENTEGIX Safety Platform for hospitals and health organizations - an integrated cloud-based solution aimed at enhancing incident response timings. Numerous health systems and hundreds of locations depend on CENTEGIX's digital cartography, live location functionalities, and user-friendly wearable distress buttons, allowing healthcare managers to prepare for and respond more rapidly to emergencies.
Who Are the Key Players In The Clinical Alarm Management Market?
Major 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 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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
