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Clinical Alarm Management Market Landscape 2025: Forecast Data and Growth Strategy Insights
Clinical Alarm Management
What Is the Expected CAGR for the Clinical Alarm Management Market Through 2025?
The expansion of the clinical alarm management market has been swift over the past few years. The market, which was valued at $2.83 billion in 2024, is projected to increase to $3.39 billion in 2025, reflecting a compound annual growth rate (CAGR) of 19.7%. The impressive growth during the historic period can be accredited to factors such as heightened concerns for patient safety, observance of regulatory requirements, greater intricacy in healthcare devices, efforts to alleviate alarm fatigue, drive towards patient-focused care strategies, and the risk of undesirable events.
What's the Projected Size of the Global Clinical Alarm Management Market by 2029?
The market size for clinical alarm management is predicted to experience a significant surge in the coming years. It's projected to escalate to $7.85 billion by 2029, with an expected CAGR of 23.4%. The growth during the projected period can be credited to the expansion of remote patient handling, trending strategies in population health management, patient interaction solutions, data analysis for optimizing alarms, and worldwide readiness for health emergencies. Key trends during the upcoming period will entail the implementation of artificial intelligence (AI), sophisticated analytics and predictive algorithms, compatibility and integration with EHRs, mobile and wireless solutions, security implementations, collaborations and partnerships amongst vendors, and persistently monitoring technologies.
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Top Growth Drivers in the Clinical Alarm Management Industry: What's Accelerating the Market?
Alarm fatigue's escalating incidences are projected to fuel the clinical alarm management market's expansion in the future. Alarm fatigue is a term used to describe the sensory overload experienced by clinicians due to an overwhelming number of alarms, which can result in overlooked alarms and procrastinated responses. Alarm fatigue has been linked to multiple patient fatalities. Alarm fatigue is increasingly being identified by hospitals as a crucial safety concern, and priority is being placed on improving alarm management. Clinical alarm management solutions, which utilize advanced clinical communication tools, help in managing alarms and curbing alarm fatigue. For instance, a study published by BMJ, a British Medical Association-owned UK-based medical journal, in 2023 indicated that alarm fatigue is a growing problem in medical institutions. False alarms result from patient movement, incorrect positioning, and early removal of devices. It is estimated that over 70% of alarms could be false, compromising patient safety. Therefore, the rising alarm fatigue is enhancing the adoption of clinical alarm management solutions, thereby stimulating the clinical alarm management market.
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What Trends Will Shape the Clinical Alarm Management Market Through 2029 and Beyond?
Prominent businesses in the clinical alarm management market are focusing on technological advancements, such as live-monitoring systems and predictive analytics. This is to improve patient safety and make alarm notifications in healthcare settings more efficient. CENTEGIX specializes in technology related to crisis alert systems, notably its CrisisAlert platform. This technology augments safety in education and health institutions by offering live communication and emergency alerts via wearable devices. For example, in April 2024, the American company CENTEGIX, known for providing safety solutions including wearable technology, introduced its CENTEGIX Safety Platform. This cloud-based comprehensive solution was developed to enhance incident response times in hospitals and health systems. Numerous health systems and countless locations depend on CENTEGIX's digital mapping, real-time location services, and user-friendly wearable distress buttons. These tools enable healthcare managers to prepare for and react quicker to emergencies.
What Are the Main 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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Which Top Companies are Driving Growth in the Clinical Alarm Management Market?
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.
Which Regions Will Dominate the Clinical Alarm Management Market Through 2029?
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.
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