Clinical Alarm Management Market Worth $1,724 Million by 2023 - Exclusive Report by MarketsandMarkets™

News provided by

Nov 28, 2018, 09:30 ET

CHICAGO, November 28, 2018 /PRNewswire/ --

According to the new market research report "Clinical Alarm Management Market by Component (Solutions, Services), Product (Nurse Call Systems, Physiological Monitors, EMR Integration Systems), End User (Hospitals, Long-term Care Centers, Ambulatory Care Centers)) - Global Forecasts to 2023", published by MarketsandMarkets™, the global Clinical Alarm Management Market is expected to reach USD 1,724 million by 2023 from an estimated USD 457 million in 2018, at a CAGR of 30.4% during the forecast period (2018-2023).

(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Don't miss out on business opportunities in Clinical Alarm Management Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=69939577

The key factors driving the growth of this market include increasing alarm fatigue, high prevalence of chronic diseases, growth in the geriatric population, need for cost-containment in healthcare delivery, and rising prominence and usage of big data and mHealth tools.

The solutions segment is expected to account for the largest share of the market in 2018

On the basis of component, the global Clinical Alarm Management Market is segmented into two broad categories solutions and services. In 2018, the solutions segment is expected to account for the largest share of the Clinical Alarm Management Market owing to the frequent need for upgrades as well as improvements in software applications. Moreover, clinical alarm management vendors constantly introduce technologically advanced products with enhanced data security standards that can easily be understood and used by healthcare providers which are further expected to increase the adoption in the coming years.

Browse in-depth TOC on "Clinical Alarm Management Market"

71 - Tables

32 - Figures

140 - Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/clinical-alarm-management-market-69939577.html

EMR integration systems segment is expected to grow at the highest CAGR during the forecast period

By product, the Clinical Alarm Management Market is segmented into nurse call systems, physiological monitors, EMR integration systems, bed alarms, ventilators, and others (infusion pumps and pulse oximeters). Among these products, the EMR integration systems segment is expected to grow at the highest CAGR during the forecast owing to the increased adoption of EHRs and other interoperability solutions in healthcare organizations, growing regulatory requirements & healthcare reforms, shift of point-of-care diagnostics from hospitals to home care settings, and the need for integrated healthcare systems to improve the quality and outcome of healthcare systems.

North America is expected to dominate the global Clinical Alarm Management Market in 2018

North America is estimated to account for the largest share of the market in 2018. The large share of this region can be attributed to the increasing cases of alarm fatigue and initiatives by government bodies to curtail the effects of alarm fatigue and the increasing need for integrated healthcare IT systems to ensure reliability, efficient maintenance of data, data integrity, and timely availability of patient data to authorized healthcare professionals.

Request for Free Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=69939577

The key players in the global Clinical Alarm Management Market are Koninklijke Philips (Netherlands), Vocera Communications (US), Ascom Holdings (Switzerland), Spok, Inc. (US), Bernoulli Enterprise (US), Connexall (Canada), Mobile Heartbeat (US), GE Healthcare (US), Capsule Technologie (US), and Masimo Corporation (US).

Browse Adjacent Markets @ Healthcare IT Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/clinical-alarm-management-market.asp

Visit Our Website: https://www.marketsandmarkets.com

SOURCE MarketsandMarkets