Clinical Alarm Management Market: Development is Changing Business Needs

The Clinical Alarm Management Market is on a pace to expand by ~13% annually, through 2029.

Heavy investments in the development of healthcare facilities and infrastructure has been radically changing patient engagement and experience in recent years.

Increasing adoption of clinical decision support tools and real-time communication system, in view of rapid advances in healthcare technologies, are projected to boost the demand for clinical alarm management.

Key Takeaways from Clinical Alarm Management Market Study

Adoption of clinical decision support tools and clinical alarm reporting software continues to broaden in both developing and developed countries.

Clinical alarm reporting software helps in identifying nonactionable alarms that could be fully adjusted or removed, contributing to 80% reduction in ventilator alarms.

Clinical alarm management solutions – central monitoring system in particular has been garnering significant traction, as it provides actionable intelligence to respond to alarm conditions with appropriate patient care or device management.

FMI reports that demand for clinical alarm management in hospitals and ambulatory surgical centers is likely to increase at the CAGR of ~14% and ~11% respectively, during the forecast period.

As compared to developing regions, the sales of clinical alarm management solution is anticipated to be higher in countries of North America and Western Europe.

Key Players Eyeing Greater Opportunities in Asia Pacific

Leading players in the clinical alarm management market are constantly focusing on expanding their business across Asia Pacific.

Increasing investments in the digitalization of healthcare infrastructure, especially in developing countries such as China and India, is likely to help attract different clinical alarm management solution providers to continue their businesses in these countries.

Further, with a wealth of innovation on the horizon, clinical alarm management market players are set to release advanced solutions and services for the end users.

Zebra Technologies offers alarm management solutions, which can deliver more than patient event notifications and secure text messaging.

Incorporation of new technologies such as Internet of Things (IoT) in the healthcare sector along with rising adoption of big data analytics has been leading to paradigm shift in patient care delivery.

Rapid inclination towards value-based healthcare is likely to remain instrumental to the growth of the clinical alarm management market in the years ahead.

Clinical Alarm Management Market: Segmentation

Component

·         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

End User

·         Hospitals

·         Clinics

·         Ambulatory Surgical Centres

·         Long-term and Palliative Care Centres

·         Home Care

·         Others

Read More@ https://www.futuremarketinsights.com/reports/clinical-alarm-management-market

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