In 2023, the clinical alarm management market is expected to be worth $ 3.0 billion. It is expected to reach US$ 6.2 billion by 2033, with a 7.5% CAGR from 2023 to 2033.

The growing use of clinical decision support tools and real-time communication systems, as a result of rapid advances in healthcare technology, is expected to increase demand for clinical alarm management.

Alarm fatigue as a phenomenon, as well as rising demand for cost containment in various healthcare settings, are expected to drive the use of novel clinical alarm management systems, thereby expanding the clinical alarm management market. Clinical alarm management reduces unnecessary alarms in a medical setting.

The increasing difficulty of hospital employees determining the urgency of medical attention required by a patient, as well as the growing risk of false alarms causing errors in hospital management, has increased the demand for intelligent clinical alarm systems. This, along with the rising prevalence of clinician burnout and exhaustion among hospital staff, is expected to drive clinical alarm management market growth. Furthermore, older alarm systems are less accurate in tracking patient vitals, leading to longer hospital stays and a greater need for modern integrated CAM systems.

Rising healthcare system obstacles, such as staff shortages, increased workload resulting in errors in patient care, and improved patient reactions with intelligent alarm management systems, have aided market growth.

Competitive Insight

Key Players Operating in the Global Market include

• Medtronic
• GE Healthcare
• Koninklijke
• Philips N. V.
• Baxter
• Connexall
• Mindray Medical International Limited
• Vocera
• Drager
• Spok Inc

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Clinical alarm management Market Outlook by Category

By Component, Clinical alarm management Market is segmented as:

• Solution
  • Clinical Decision Support Tool
  • Central Monitoring System
  • Mobility Solution
  • Clinical Alarm Reporting Software
  • Alarm Auditing Software
• Service
  • Consulting
  • Implementation and Integration
  • Monitoring and Analytics

By End-User, Clinical alarm management Market is segmented as:

• Hospitals
• Clinics
• Ambulatory Surgical Centres
• Long-term and Palliative Care Centres
• Home Care
• Others