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Growing Cases Of Alarm Fatigue Drives The Clinical Alarm Management Market: A Significant Driver Propelling The Clinical Alarm Management Market In 2025
Clinical Alarm Management
What Is the Clinical Alarm Management Market Size and Projected Growth Rate?
There has been significant growth in the clinical alarm management market in the past few years. The market, currently valued at $2.83 billion as of 2024, is projected to increase to $3.39 billion in 2025, signifying a compound annual growth rate (CAGR) of 19.7%. Factors such as concerns over patient safety, regulatory compliance, the increasing intricacy of healthcare devices, efforts to mitigate alarm fatigue, patient-centric care initiatives, and the risk of adverse events have contributed to the market's expansion in the historical period.
The expected market size of clinical alarm management is predicted to experience significant expansion in the upcoming years, potentially reaching a valuation of $7.85 billion in 2029 with a compound annual growth rate (CAGR) of 23.4%. This growth during the forecast period is likely due to factors such as the progression of remote patient management, prevailing population health management trends, advancements in patient engagement solutions, and the use of data analytics for alarm optimization and preparation for global health emergencies. The forecast period is also set to see key trends such as the incorporation of artificial intelligence (AI), sophisticated analytics and predictive algorithms, integration with EHRs, wireless and mobile solutions, strengthening of cybersecurity safeguards, partnerships and collaborations among vendors, and the innovation in continuous monitoring technologies.
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What Are the Major Segments in the 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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What Are The Driving Clinical Alarm Management Market Evolution?
Escalating instances of alarm fatigue are projected to fuel the expansion of the clinical alarm management market. 'Alarm fatigue' is a term that describes the sensory overload healthcare providers experience due to an excessive number of alarms which can result in overlooked alarms and delayed responses. Numerous fatalities among patients have been connected to this phenomenon. The issue of alarm fatigue is now perceived as a serious safety concern by hospitals, prompting prioritization of alarm management improvements. Advances in clinical communication tools aid in managing and decreasing alarm fatigue through clinical alarm management solutions. For example, a study released by the British Medical Journal (BMJ), the UK's leading medical journal owned by the British Medical Association, reported in 2023 that alarm fatigue has been increasingly causing problems for patients within healthcare institutions. Factors such as patient movement, improper placement and early removal of the device cause false alarms. It is estimated that over 70% of alarms could be false, posing a threat to patient safety. Hence, the surge in alarm fatigue is boosting the use of clinical alarm management solutions, thereby driving the growth in the clinical alarm management market.
Which Firms Dominate The Clinical Alarm Management Market Segments?
Major companies operating in the clinical alarm management market are 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 Trends Are Expected to Dominate the Clinical Alarm Management Market in the Next 5 Years?
Leading corporations in the clinical alarm management market are focusing their efforts on technological advancements such as real-time monitoring systems and predictive analytics to bolster patient safety and streamline alarm alerts within healthcare settings. Specializing in crisis alert systems, technology firm CENTEGIX offers its CrisisAlert platform, designed to improve safety in education and healthcare establishments by providing real-time communications and emergency alerts via wearable devices. In April 2024, CENTEGIX, a US-based company that delivers safety solutions including wearable technology, unveiled CENTEGIX Safety Platform for hospitals and health systems, an integrated cloud-based solution aimed at enhancing the speed of incident response. CENTEGIX's digital mapping, real-time location capabilities, and straightforward wearable emergency buttons proved to be dependable for numerous health systems and hundreds of sites, empowering healthcare administrators to plan and react more swiftly during emergencies.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Clinical Alarm Management Market?
2. What is the CAGR expected in the Clinical Alarm Management Market?
3. What Are the Key Innovations Transforming the Clinical Alarm Management Industry?
4. Which Region Is Leading the Clinical Alarm Management Market?
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What market dynamics are playing a key role in accelerating the growth of the clinical alarm management market?
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