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Clinical Alarm Management Market Share

Report ID: GMI8421
Published Date: Mar 2024
Report Format: PDF

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Clinical Alarm Management Market Share

The clinical alarm management industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced product based on different technologies is among a key market strategy. Some of the leading industry players including Baxter International Inc., Cornell Communications, Koninklijke Philips N.V., Dragerwerk AG & Co. KGaA, Stryker Corporation (Vocera Communications, Inc.), and Nihon Kohden Corporation among others have a notable presence in the industry.

Clinical Alarm Management Market Companies

Some of the eminent market participants operating in the industry include:

Amplion Clinical Communications, Inc.
Ascom Holding AG
Baxter International Inc.
Cornell Communications
Drägerwerk AG & Co. KGaA
Koninklijke Philips N.V.
Masimo Corporation
Mobile Heartbeat
Nihon Kohden Corporation
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Spok, Inc.
Stryker Corporation (Vocera Communications, Inc.)
TigerConnect
West Com Nurse Call Systems, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for clinical alarm management was valued at around USD 3.5 billion in 2023 and is expected to reach around USD 8.1 billion by 2032, driven by the growing cases of alarm fatigue, coupled with increasing government initiatives for promoting healthcare IT solutions.

The centralized segment of industry is anticipated to reach USD 5.3 billion by 2032, as they streamline monitoring by consolidating alarms onto a centralized dashboard, reducing the need for healthcare providers to monitor multiple devices individually.

North America market accounted for USD 1.4 billion in 2023 and is predicted to witness substantial growth over 2024-2032, driven by the rising prevalence of chronic diseases, along with the cost containment efforts in the region where the systems help in optimizing resource utilization, minimizing unnecessary alarms, and improving workflow efficiency.

Amplion Clinical Communications, Inc., Ascom Holding AG, Baxter International Inc., Cornell Communications, Dr