Home > Report Listing > Global Clinical Alarm Management Market to reach USD 3821.07 million by 2026
Global Clinical Alarm Management Market to reach USD 3821.07 million by 2026
Clinical Alarm Management Report provides a comprehensive glance on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion).
Global Clinical Alarm Management market is valued approximately at USD 457.05 million in 2018 and is anticipated to grow with a healthy growth rate of more than 30.40% over the forecast period 2019-2026. Clinical alarm systems are designed to notify the caregivers of potential patient concerns. Also, these systems comprise of accurate, intuitive alarms that are readily acted and interpreted on the clinicians in an appropriate manner. Further, growing awareness of care providers towards increasing MedTech investment and increasing patient safety by government are further augmenting the growth of the clinical alarm management market. Also, favorable government programs to promote clinical alarm also have positive impact on the growth of the clinical alarm systems market. For instance: As per the CHPSO Organization in August 2017, the Hospital Quality Institute has shared the QuietNight app, a new generation mobile tool designed to measure and reduce environmental noise in patient recovery areas. Also, this app registers and tracks baseline as well as provide actionable guidance when noise levels are moving to inappropriate levels. The app integrates the HQI?s Journey to a Quiet night toolkit that includes best practices to reduce noise and for maintaining a quiet therapeutic environment. Owing to the rising awareness of care providers towards improving patient safety, the need and demand for clinical alarm management systems would increase thereby, contributing towards the growth of the market over the forecast period. However, lack of interoperability and high investment required to build its infrastructure impedes the growth of the market over the forecast period.
The regional analysis of global clinical alarm management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing need for integrated healthcare IT systems to ensure efficient maintenance of data, reliability, data integrity and timely available patient data to authorized person. The dominance of North America is witnessed owing to the rising cases of alarm fatigues. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising disposable income and increased access to organized healthcare, are some key factors contributing towards the growth of the Asia-Pacific region over the forecast period.
Major market player included in this report are:
Koninklijke Philips N.V
Bernoulli Enterprise, Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Nurse Call Systems
Emr Integration Systems
Long-Term Care Centers
Ambulatory Care Centers & Home Care Settings
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year ? 2016, 2017
Base year ? 2018
Forecast period ? 2019 to 2026
Target Audience of the Global Clinical Alarm Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Getting the research team on board discussing research objective, research scope, methodology, timeline and challenges
Developing Contact lits,Questionnaires,and market models Conducting desk research through credible publishedsources to collect relevant qualitative & quantitative data in relation to the research objectives
Conducting interviews with key opinion leaders ( KOLs ) and stakeholders to derve data in relationto the research objective and validate market numbers estimated through market models and industry-leading research tool
Analysis & Report Writing
Analysing the data sourced via desk and primary research and building report, conclusions,& recommendations sed on research objective
Industry Research Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.
Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Annual reports, investor presentation, SEC filings, and press releases of companies operating in the market
Studies published by relevant associations MedTech Europe; American College of Radiology; Cancer Council Australia; Japan Hospital Association, etc.), government sources (Centers for Disease Control & Prevention, Ministry of Health, Labour & Welfare, Japan; National Health Service, England, etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Research Gate, NCBI, etc.
Website, reports, and press releases of end user facilities – Hospitals, Ambulatory Surgery Centres, Clinics
Industry journals and paid databases
Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
Number of procedures and average price of procedures
Replacement rate and pricing of capital equipment
Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
Market & technological trends, new product developments, product pipeline.
Detailed product mappping of all Major and small players operating in the market
Estimmation of revenues/market size of all segments to arrive at the total market
Estimmates based on prevalence of diseases,diagnosed and treated patients numbers, product demand, and average annual spending on treatment
Estimates based on number of users end average consumption/spending by end users
Estimates based on number of procedures and average number of devices\consumables used per procedure
Top-down approach based on the data published on revenues, market share and growth rate of major players operating in the market
Discussions with key opinion leaders(KOLs) and stakeholders to validates market estimates and get their insights in relation to trends, dyanamics and competitive analysis
Key stakeholders such as purchasing managers, nurses, pharmacists, surgeons, physicians, etc. in end-use facilities such as hospitals, clinics, ambulatory surgery centers, pharmacies, research institutes, etc.
Key opinion leaders in related associations
Key stakeholders such as C-level executives, marketing managers, product managers, sales managers, etc. in major companies (suppliers and distributors) operating in the market
Insights from supply side respondents in relation to the market size, growth rate, market distribution, market dynamics, and market share analysis
Validation of the market size, growth rate, and market distribution estimated on the basis of market models
nsights from end user respondents to feed into models such as patient/procedure numbers, distribution of patients by treatment type, average pricing, average spending on devices, replacement rate of capital equipment, etc.
Koninklijke Philips N.V
Bernoulli Enterprise, Inc
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