The Asia Pacific Clinical Alarm Management Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
The majority of the immediate generating of alerts is embodied in the therapeutic practice of alarms. The majority of false positive and non-actionable alarms are lowered or eliminated in clinical practice. Irrespective of the alert notification method employed, this therapeutic practice is essential. The objectives of this therapeutic practice are to reduce false positive and non-actionable alarms, hence reducing the volume of alarms generated. This pillar begins with the patient's appropriate physiological characteristics and monitoring device selection. Although this sounds obvious, there are times when it can be difficult. For instance, a significant portion of telemetry packs is bought for individuals at risk of a clinical condition worsening rather than arrhythmias.
These at-risk patients provide a conundrum because traditional high-acuity units with multi-parameter patient monitors offer a level of care and cost that is above their clinical need while their on-service units frequently lack patient monitors. The telemetry pack has long been used as a compact, portable, and well-tolerated patient monitor for low acuity patients.
Due to rising R&D spending by important national governments to boost the penetration of information technology in the medical area, in this region market has a lot of promise. The resolution of problems with data privacy, user-level authorization, secure storage, data trackability, and other cyber security issues is ensured by a tight legal framework. As part of World Cancer Day, the World Health Organization (WHO) and the International Agency for Research on Cancer (IARC) released two studies. The first focused on setting the agenda for the disease, while the second focused on research and prevention.
In 2018, India's population of 1.35 billion people had 1.16 million new cases of cancer, 784,800 deaths, and 2.26 million 5-year prevalence cases, according to World Cancer Report. The most attractive markets in the region for clinical alarm management are China and India due to their growing elderly populations, patient pools, and healthcare infrastructure. Growing innovations in cutting-edge technology, along with government initiatives that support them, encourage the digitalization of the healthcare industry, which drives the market for clinical alarm management market.
The China market dominated the Asia Pacific Clinical Alarm Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $456.7 million by 2028. The Japan market is exhibiting a CAGR of 10.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 12% 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 China, Japan, India, Australia, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Clinical Alarm Management Market is Projected to reach USD 5.9 Billion by 2028, at a CAGR of 10.5%
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 Component
By End User
- Hospitals
- Long-term Care Centers
- Ambulatory Care Centers & Home Care Settings Passive CDSS
By Product
- Nurse call systems
- Physiological Monitors
- EMR Integration Systems
- Ventilators
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
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)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Clinical Alarm Management Market, by Component
1.4.2 Asia Pacific Clinical Alarm Management Market, by End User
1.4.3 Asia Pacific Clinical Alarm Management Market, by Product
1.4.4 Asia Pacific Clinical Alarm Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Approvals and Trials
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2018, Jan – 2022, Jun) Leading Players
Chapter 4. Asia Pacific Clinical Alarm Management Market by Component
4.1 Asia Pacific Solution Market by Country
4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Clinical Alarm Management Market by End User
5.1 Asia Pacific Hospitals Market by Country
5.2 Asia Pacific Long-term Care Centers Market by Country
5.3 Asia Pacific Ambulatory Care Centers & Home Care Settings Passive CDSS Market by Country
Chapter 6. Asia Pacific Clinical Alarm Management Market by Product
6.1 Asia Pacific Nurse call systems Market by Country
6.2 Asia Pacific Physiological Monitors Market by Country
6.3 Asia Pacific EMR Integration Systems Market by Country
6.4 Asia Pacific Ventilators Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Clinical Alarm Management Market by Country
7.1 China Clinical Alarm Management Market
7.1.1 China Clinical Alarm Management Market by Component
7.1.2 China Clinical Alarm Management Market by End User
7.1.3 China Clinical Alarm Management Market by Product
7.2 Japan Clinical Alarm Management Market
7.2.1 Japan Clinical Alarm Management Market by Component
7.2.2 Japan Clinical Alarm Management Market by End User
7.2.3 Japan Clinical Alarm Management Market by Product
7.3 India Clinical Alarm Management Market
7.3.1 India Clinical Alarm Management Market by Component
7.3.2 India Clinical Alarm Management Market by End User
7.3.3 India Clinical Alarm Management Market by Product
7.4 Australia Clinical Alarm Management Market
7.4.1 Australia Clinical Alarm Management Market by Component
7.4.2 Australia Clinical Alarm Management Market by End User
7.4.3 Australia Clinical Alarm Management Market by Product
7.5 South Korea Clinical Alarm Management Market
7.5.1 South Korea Clinical Alarm Management Market by Component
7.5.2 South Korea Clinical Alarm Management Market by End User
7.5.3 South Korea Clinical Alarm Management Market by Product
7.6 Singapore Clinical Alarm Management Market
7.6.1 Singapore Clinical Alarm Management Market by Component
7.6.2 Singapore Clinical Alarm Management Market by End User
7.6.3 Singapore Clinical Alarm Management Market by Product
7.7 Rest of Asia Pacific Clinical Alarm Management Market
7.7.1 Rest of Asia Pacific Clinical Alarm Management Market by Component
7.7.2 Rest of Asia Pacific Clinical Alarm Management Market by End User
7.7.3 Rest of Asia Pacific Clinical Alarm Management Market by Product
Chapter 8. Company Profiles
8.1 Koninklijke Philips N.V.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Approvals and Trials:
8.2 General Electric (GE) Co. (GE Healthcare)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Ascom Holding AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.3.5.3 Approvals and Trials:
8.4 CORNELL Communications, Inc.
8.4.1 Company Overview
8.5 Masimo Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.6 Medtronic PLC
8.6.1 Company overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Approvals and Trails:
8.6.6 SWOT Analysis
8.7 Spok Holdings, Inc. (Spok, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Research & Development Expense
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Product Launches and Product Expansions:
8.8 Johnson Controls International PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental & Regional Analysis
8.8.4 Research & Development Expenses
8.9 Baxter International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.10. Vocera Communications, Inc. (Stryker Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Product Launches and Product Expansions:
8.10.5.3 Acquisition and Mergers:
TABLE 1 Asia Pacific Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Clinical Alarm Management Market
TABLE 4 Product Launches And Product Expansions – Clinical Alarm Management Market
TABLE 5 Acquisition and Mergers – Clinical Alarm Management Market
TABLE 6 Approvals and Trials – Clinical Alarm Management Market
TABLE 7 Asia Pacific Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Solution Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Solution Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Long-term Care Centers Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Long-term Care Centers Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Ambulatory Care Centers & Home Care Settings Passive CDSS Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Ambulatory Care Centers & Home Care Settings Passive CDSS Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Nurse call systems Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Nurse call systems Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Physiological Monitors Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Physiological Monitors Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific EMR Integration Systems Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific EMR Integration Systems Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Ventilators Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Ventilators Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Clinical Alarm Management Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Clinical Alarm Management Market by Country, 2022 - 2028, USD Million
TABLE 35 China Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 36 China Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 37 China Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 38 China Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 39 China Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 40 China Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 41 China Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 42 China Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 43 Japan Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 44 Japan Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 45 Japan Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 46 Japan Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 47 Japan Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 48 Japan Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 49 Japan Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 50 Japan Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 51 India Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 52 India Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 53 India Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 54 India Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 55 India Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 56 India Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 57 India Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 58 India Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 59 Australia Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 60 Australia Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 61 Australia Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 62 Australia Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 63 Australia Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 64 Australia Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 65 Australia Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 66 Australia Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 67 South Korea Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 68 South Korea Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 69 South Korea Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 70 South Korea Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 71 South Korea Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 72 South Korea Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 73 South Korea Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 74 South Korea Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 75 Singapore Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 76 Singapore Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 77 Singapore Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 78 Singapore Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 79 Singapore Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 80 Singapore Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 81 Singapore Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 82 Singapore Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 91 Key Information – Koninklijke Philips N.V.
TABLE 92 Key Information – General Electric (GE) Co.
TABLE 93 Key Information – Ascom Holding AG
TABLE 94 Key Information – CORNELL Communications, Inc.
TABLE 95 Key Information – MASIMO CORPORATION
TABLE 96 Key Information – Medtronic PLC
TABLE 97 Key information – Spok Holdings, Inc.
TABLE 98 Key Information – Johnson Controls International PLC
TABLE 99 Key Information – Baxter International, Inc.
TABLE 100 Key Information – Vocera Communications, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2018, Jan – 2022, Jun) Leading Players
FIG 5 Recent strategies and developments: Koninklijke Philips N.V.
FIG 6 Swot analysis: General electric (GE) Co.
FIG 7 Recent strategies and developments: Ascom Holding AG
FIG 8 Swot analysis: Medtronic plc
FIG 9 Recent strategies and developments: Vocera Communications, Inc.