LAMEA Clinical Alarm Management Market Size, Share & Industry Trends Analysis Report By Component, By End User, By Product (Nurse call systems, Physiological Monitors, EMR Integration Systems, Ventilators), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Clinical Alarm Management Market would witness market growth of 13.0% CAGR during the forecast period (2022-2028).
Telemetry packs frequently produce frequent false-positive and ineffective alarms, which adds to alarm fatigue. This illustration emphasizes the necessity of identifying and evaluating all patient populations that produce clinical alarms, ensuring that the best equipment, parameter, and alarm limit choices are chosen to ensure safety while minimizing the amount of false positive and non-actionable alarms that contribute to clinical alarms.
Some sensors might degrade with time and need specific environmental conditions to be stored properly. To guarantee that sensors are used when they are fresh and at their best quality, inventory management practices and storage sites should be examined. The logistics and maintenance of the sensors must also be convenient enough to prevent staff members from resorting to potentially ineffective workarounds.
Compared to other regions, LAMEA countries have a weaker healthcare infrastructure. The region is also highly favorable for the need and growth of equipment that can improve healthcare services in nations all over the region due to the significant amount of deaths that are brought on by a variety of ailments. The GCC, or Gulf Countries Cooperation, which consists of Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, and Bahrain, has experienced population growth, a shift towards an older age-group distribution, and a higher incidence of lifestyle-related diseases. The health systems are pursuing this profound shift. The increasing need for a clinical alarm management market will be accelerated by the increasing number of cases that are being brought on by the region's underdeveloped healthcare system.
The Brazil market dominated the LAMEA Clinical Alarm Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $106.1 million by 2028. The Argentina market is experiencing a CAGR of 13.6% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 12.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on End User, the market is segmented into Hospitals, Long-term Care Centers and Ambulatory Care Centers & Home Care Settings Passive CDSS. Based on Product, the market is segmented into Nurse call systems, Physiological Monitors, EMR Integration Systems, Ventilators and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., General Electric (GE) Co. (GE Healthcare), Ascom Holding AG Spok Holdings, Inc. (Spok, Inc.), Masimo Corporation, Cornell Communications, Inc., Baxter International, Inc., Johnson Controls International PLC, Medtronic PLC, and Vocera Communications, Inc. (Stryker Corporation).
Scope of the Study
Market Segments Covered in the Report:
By End User
- Long-term Care Centers
- Ambulatory Care Centers & Home Care Settings Passive CDSS
- Nurse call systems
- Physiological Monitors
- EMR Integration Systems
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- General Electric (GE) Co. (GE Healthcare)
- Ascom Holding AG
- Spok Holdings, Inc. (Spok, Inc.)
- Masimo Corporation
- Cornell Communications, Inc.
- Baxter International, Inc.
- Johnson Controls International PLC
- Medtronic PLC
- Vocera Communications, Inc. (Stryker Corporation)
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