According to a new report, published by KBV research, The Global Clinical Alarm Management Market size is expected to reach $5.9 billion by 2028, rising at a market growth of 10.5% CAGR during the forecast period.
The Services market is showcasing a CAGR of 13% during (2022 - 2028). The area is expected to rise in the upcoming years due to activities by both private and public health institutions, expanding service offerings by major market participants, and the rising need to reduce threats to patient safety.
The Hospitals market has acquired the maximum revenue share in the Global Clinical Alarm Management Market by End User in 2021, thereby, achieving a market value of $3 billion by 2028. It is due to the rise in the use of clinical alarm management systems in hospitals and several government programs to raise standards of care. The increase in the number of patients, an increase in emergency cases, and the use of sophisticated clinical alarm management technologies.
The EMR Integration Systems market has shown the high growth rate of 10.9% during (2022 - 2028). Due to increased interoperability among digital healthcare solutions, a spike in the use of EHR/EMR remedies from clinics to hospitals, and expanding digitalization in healthcare. On the other side, the Vocera Platform provided by Vocera Communications offers comprehensive interoperability solutions that enable clinical workflow and communication as part of a single platform.
The North America market dominated the Global Clinical Alarm Management Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.1 billion by 2028. The Europe market is generating a CAGR of 10.2% during (2022 - 2028). Additionally, The Asia Pacific market would grow at a CAGR of 11.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/clinical-alarm-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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Companies Profiled
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