North America 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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Get in-depth analysis of the COVID-19 impact on the North America Clinical Alarm Management Market
Market Report Description
The North America Clinical Alarm Management Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Clinical alarms from various medical equipment, which are rapidly expanding, are a new problem in intensive care as a result of the growth of medical technology (ICUs). A new alarm hazard issue is being brought on by medical device (clinical) alarms, which are intended to alert medical workers when a patient's condition veers outside of the normal range. There were no more than six different forms of alarms from a single severely ill patient in 1983, whereas there were at least 40 different types of clinical alarms in 2011.
Overuse of clinical alarms can result in an alarming danger, which includes alarm fatigue, inappropriate alarm use, and applying the same alarm range to all patients. While device flaws previously put patients' safety in jeopardy, alarms recklessly created by the exponential increase in the number of medical gadgets now do the same. Clinical alarm hazards have come to light in reports on safety incidents involving a variety of medical device alarms.
Although the exact number of mechanical ventilation systems now in use in the US is unknown, a study of US hospitals conducted in 2010 suggested that there were roughly 62,000 full-featured ventilators or less than 1 ventilator for every US intensive care unit bed. The same study also discovered about 100,000 additional positive-pressure devices with fewer features. Depending on the need, some of these devices may be able to handle an increase in mechanical ventilation while others may only be of limited use.
The effectiveness of these surge devices was theoretical and untested before the current coronavirus disease 2019 (COVID-19) pandemic because no event had yet exhausted the present healthcare infrastructure or mechanical ventilation capacity. The growing government concern towards the adoption of the EHR system drives the growth of the clinical alarm management market in this region.
The US market dominated the North America Clinical Alarm Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,514.5 million by 2028. The Canada market is registering a CAGR of 12.3% during (2022 - 2028). Additionally, The Mexico market would grow at a CAGR of 11.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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