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2023 Clinical Alarm Management Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players include Koninklijke Philips NV, GE Healthcare, Ascom Holdings, Spok Holdings Inc., Masimo
Clinical Alarm Management Market
Clinical Alarm Management Market Size, Growth Rate, And Forecast
The global clinical alarm management market size is expected to grow from $1.98 billion in 2022 to $2.39 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The clinical alarm management market size is expected to grow to $5.18 billion in 2027 at a CAGR of 21.4%.
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Clinical Alarm Management Market Drivers
The growing cases of alarm fatigue are expected to propel the growth of the clinical alarm management market going forward. The term "alarm fatigue" refers to the sensory overload that occurs when clinicians receive an excessive number of alarms, leading to missed alarms and delayed responses. Several patient deaths have been attributed to alarm fatigue. Hospitals are increasingly recognizing alarm fatigue as a critical safety issue, and alarm management has become a priority improvement area. Clinical alarm management solutions help manage alarms and reduce alarm fatigue by using a modern clinical communication tool.
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Clinical Alarm Management Market Segments
• 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Clinical Alarm Management market.
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Clinical Alarm Management Market Key Players
Major competitors in the Clinical Alarm Management market include Koninklijke Philips NV, GE Healthcare, Ascom Holdings, Spok Holdings Inc., Masimo, Vocera Communications, Medtronic, Dragerwerk AG, Connexall
The Business Research Company's "Global Clinical Alarm Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Clinical Alarm Management Market Include:
1. Executive Summary
2. Clinical Alarm Management Market Characteristics
3. Clinical Alarm Management Market Trends And Strategies
4. Clinical Alarm Management Market - Macro Economic Scenario
5. Clinical Alarm Management Market Size And Growth
……….
26. Africa Clinical Alarm Management Market
27. Clinical Alarm Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Clinical Alarm Management Market
29. Clinical Alarm Management Market Future Outlook and Potential Analysis
30. Appendix
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