Clinical Alarm Management Market is expected to surpass US$ 6.2 billion by 2033 at a CAGR 7.5%

The clinical alarm management market is expected to reach US$ 6.2 billion by 2033, recording a 7.5% CAGR during the forecast period (2023 to 2033). Alarms alert personnel when a situation is dangerous or life-threatening and requires immediate attention; nevertheless, they regularly sound even when no such scenario exists. Most non-urgent alarms do not require immediate attention from a staff member.

Alarm weariness is caused by a constant barrage of nuisance notifications, which manifests as slow or no response, silencing or muting the alarm, or totally turning off the alarm. The background noise of a unit’s environment is created by this cacophony. If the warning is turned off or muffled, the staff member may not be notified of an emergency.

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Even if there exist strategies, none of them can solve the problem on their own. Multiple mitigating activities are required, where few need to be tailored to the unit or patient. For example, when necessary, alarm parameters can be modified to maximise the possibility that the alarm will only sound when the patient truly requires attention.

In several cases, it may be possible to add a slight delay to the warning; in such cases, things will automatically adjust themselves after a few seconds. Another strategy is to hire technicians to monitor the patient monitors and warn staff of any abnormalities. This advice post delves deeper into these interventions.

Clinical Alarm Management Market Key Points

• The clinical alarm management market is expected to register a 7.5% CAGR from 2023 to 2033.
• The clinical alarm management market is dominated by North America region due to growing patient population.
• The United Kingdom is expected to remain one of the most appealing markets during the forecast period.
• The increased prevalence of alarm fatigue is one of the primary factors driving the growth of the clinical alarm management market.
• The global market’s absolute dollar growth is estimated to be US$ 3.2 billion in 2023.

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Recent Developments

• Spok announced an agreement with in Technology in July 2022 to distribute and instal Spok’s healthcare communication products throughout the Asia Pacific region. The advancement assists the company in establishing its market presence in the region’s emerging healthcare infrastructure, as well as improving hospitals’ integrated key communication solutions with their existing data systems upgrade systems such as clinical alarms, patient monitors, and Electronic Medical Records (EMR).
• Sheffield Children’s Hospital announced a collaboration with Tutum Medical in March 2022 to create a revolutionary design for a Bedside Equipment Alarm Monitoring System (BEAMS). The system includes crucial bedside monitoring systems to increase nursing staff response time and track personnel walking the wards to look for alerts. The solution is expected to cut alert frequency by 95%, considerably lowering alarm fatigue and enhancing staff availability to serve important patients effectively.
• In June 2022, GE Healthcare announced the release of Portrait Mobile, a wireless patient monitoring device that aids in the detection of patient deterioration. The product introduction targeted to reduce hospital admissions and early detection of patient stays.

Key Players Operating in the Global Market include

• Medtronic
• GE Healthcare
• Koninklijke
• Philips N. V.
• Baxter
• Connexall
• Mindray Medical International Limited
• Vocera
• Drager
• Spok Inc

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Key Segment

By Component:

• Solution
  • Clinical Decision Support Tool
  • Central Monitoring System
  • Mobility Solution
  • Clinical Alarm Reporting Software
  • Alarm Auditing Software
• Service
  • Consulting
  • Implementation and Integration
  • Monitoring and Analytics

By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Long-term and Palliative Care Centers
• Home Care
• Others

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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