New Study Report on Growth of clinical alarm management market by end users like Hospitals, Long-term Care Centers, Ambulatory Care Centers, it is driven by healthcare delivery, big data, mHealth tools, rising prominence alarm fatigue, chronic diseases, growth in geriatric population.
Factors driving clinical alarm management 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.
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Global clinical alarm management market is expected to reach USD 1,724 million by 2023 from an estimated US$ 457 million in 2018, at 30.4% CAGR. Report analyzes 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.
Global clinical alarm management market is segmented into two broad categories—solutions and services. 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.
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.
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The overall market size using clinical alarm management market size estimation processes as explained above the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. 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.
1 Clinical Alarm Management Market: Overview
2 Global Market, By Product, 2018 vs 2023, (USD Million)
3 Global Market, By Component, 2018 vs 2023, (USD Million)
4 Global Market, By End User, 2018 vs 2023, (USD Million)
5 Global Market: Geographic Snapshot
More Information on “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” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1792189 .
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, ora combination of the below mentioned five strategies. 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.