The North America Clinical Alarm Management Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Clinical alarms from various medical equipment, which are rapidly expanding, are a new problem in intensive care as a result of the growth of medical technology (ICUs). A new alarm hazard issue is being brought on by medical device (clinical) alarms, which are intended to alert medical workers when a patient's condition veers outside of the normal range. There were no more than six different forms of alarms from a single severely ill patient in 1983, whereas there were at least 40 different types of clinical alarms in 2011.
Overuse of clinical alarms can result in an alarming danger, which includes alarm fatigue, inappropriate alarm use, and applying the same alarm range to all patients. While device flaws previously put patients' safety in jeopardy, alarms recklessly created by the exponential increase in the number of medical gadgets now do the same. Clinical alarm hazards have come to light in reports on safety incidents involving a variety of medical device alarms.
Although the exact number of mechanical ventilation systems now in use in the US is unknown, a study of US hospitals conducted in 2010 suggested that there were roughly 62,000 full-featured ventilators or less than 1 ventilator for every US intensive care unit bed. The same study also discovered about 100,000 additional positive-pressure devices with fewer features. Depending on the need, some of these devices may be able to handle an increase in mechanical ventilation while others may only be of limited use.
The effectiveness of these surge devices was theoretical and untested before the current coronavirus disease 2019 (COVID-19) pandemic because no event had yet exhausted the present healthcare infrastructure or mechanical ventilation capacity. The growing government concern towards the adoption of the EHR system drives the growth of the clinical alarm management market in this region.
The US market dominated the North America Clinical Alarm Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,514.5 million by 2028. The Canada market is registering a CAGR of 12.3% during (2022 - 2028). Additionally, The Mexico market would grow at a CAGR of 11.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Clinical Alarm Management Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Clinical Alarm Management Market, by Component
1.4.2 North America Clinical Alarm Management Market, by End User
1.4.3 North America Clinical Alarm Management Market, by Product
1.4.4 North America 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. North America Clinical Alarm Management Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Clinical Alarm Management Market by End User
5.1 North America Hospitals Market by Country
5.2 North America Long-term Care Centers Market by Country
5.3 North America Ambulatory Care Centers & Home Care Settings Passive CDSS Market by Country
Chapter 6. North America Clinical Alarm Management Market by Product
6.1 North America Nurse call systems Market by Country
6.2 North America Physiological Monitors Market by Country
6.3 North America EMR Integration Systems Market by Country
6.4 North America Ventilators Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Clinical Alarm Management Market by Country
7.1 US Clinical Alarm Management Market
7.1.1 US Clinical Alarm Management Market by Component
7.1.2 US Clinical Alarm Management Market by End User
7.1.3 US Clinical Alarm Management Market by Product
7.2 Canada Clinical Alarm Management Market
7.2.1 Canada Clinical Alarm Management Market by Component
7.2.2 Canada Clinical Alarm Management Market by End User
7.2.3 Canada Clinical Alarm Management Market by Product
7.3 Mexico Clinical Alarm Management Market
7.3.1 Mexico Clinical Alarm Management Market by Component
7.3.2 Mexico Clinical Alarm Management Market by End User
7.3.3 Mexico Clinical Alarm Management Market by Product
7.4 Rest of North America Clinical Alarm Management Market
7.4.1 Rest of North America Clinical Alarm Management Market by Component
7.4.2 Rest of North America Clinical Alarm Management Market by End User
7.4.3 Rest of North America 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 North America Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 8 North America Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 9 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 14 North America Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 15 North America Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Long-term Care Centers Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Long-term Care Centers Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Ambulatory Care Centers & Home Care Settings Passive CDSS Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Ambulatory Care Centers & Home Care Settings Passive CDSS Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 22 North America Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 23 North America Nurse call systems Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Nurse call systems Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Physiological Monitors Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Physiological Monitors Market by Country, 2022 - 2028, USD Million
TABLE 27 North America EMR Integration Systems Market by Country, 2018 - 2021, USD Million
TABLE 28 North America EMR Integration Systems Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Ventilators Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Ventilators Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Clinical Alarm Management Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Clinical Alarm Management Market by Country, 2022 - 2028, USD Million
TABLE 35 US Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 36 US Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 37 US Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 38 US Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 39 US Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 40 US Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 41 US Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 42 US Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 43 Canada Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 44 Canada Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 45 Canada Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 46 Canada Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 47 Canada Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 48 Canada Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 49 Canada Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 50 Canada Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 51 Mexico Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 52 Mexico Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 53 Mexico Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 54 Mexico Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 55 Mexico Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 56 Mexico Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 57 Mexico Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 58 Mexico Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 59 Rest of North America Clinical Alarm Management Market, 2018 - 2021, USD Million
TABLE 60 Rest of North America Clinical Alarm Management Market, 2022 - 2028, USD Million
TABLE 61 Rest of North America Clinical Alarm Management Market by Component, 2018 - 2021, USD Million
TABLE 62 Rest of North America Clinical Alarm Management Market by Component, 2022 - 2028, USD Million
TABLE 63 Rest of North America Clinical Alarm Management Market by End User, 2018 - 2021, USD Million
TABLE 64 Rest of North America Clinical Alarm Management Market by End User, 2022 - 2028, USD Million
TABLE 65 Rest of North America Clinical Alarm Management Market by Product, 2018 - 2021, USD Million
TABLE 66 Rest of North America Clinical Alarm Management Market by Product, 2022 - 2028, USD Million
TABLE 67 Key Information – Koninklijke Philips N.V.
TABLE 68 Key Information – General Electric (GE) Co.
TABLE 69 Key Information – Ascom Holding AG
TABLE 70 Key Information – CORNELL Communications, Inc.
TABLE 71 Key Information – MASIMO CORPORATION
TABLE 72 Key Information – Medtronic PLC
TABLE 73 Key information – Spok Holdings, Inc.
TABLE 74 Key Information – Johnson Controls International PLC
TABLE 75 Key Information – Baxter International, Inc.
TABLE 76 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.