Research Nester released a report titled “Clinical Alarm Management Market: Global Demand Analysis & Opportunity Outlook 2027″ which delivers detailed overview of the global clinical alarm management market in terms of market segmentation by components, by products, by end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Clinical alarms are used by patients in order to give a signal to the medical caregiver whenever their help is required. These alarms alert the medical professionals about the condition of the patient in case of any emergency. However, the continuous beeping of clinical alarms might lead to the state of alarm fatigue, resulting in an ignorant behavior towards the patients by the caregivers.
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To manage these issues, new and advanced technologies have been devised which are convenient to use and display accurate results. The usage of efficient software and machines used as clinical alarms are necessary in order to present the medical professional with precise information while monitoring the patients.
The clinical alarm management market is anticipated to attain notable market revenue by expanding at significant CAGR during 2019-2027. The market is segmented by component, product, end user and region. The market is further bifurcated on the basis of end user into hospitals, home care and others, out of which, the hospitals segment is anticipated to grow at the highest rate during the forecast period.
This can be attributed to growing number of patients due to rising health disorders across the globe, thereby driving the demand for hospitals. According to WHO, there were only 2.7 hospital beds present for every 1000 people in the world in 2015. Not only this, the number of physicians available per 1000 people was only 1.49 in 2013. Due to these reasons, the requirement for effective clinical alarm management became highly necessary.
The market in North America is anticipated to expand with highest growth rate during the forecast period owing to increasing prevalence of diseases among people, especially among the geriatric population. Therefore, the growing demand for better healthcare facilities and services are estimated to boost the growth of market in this region.
However, shortage of skilled professionals as well as lack of awareness among people about clinical alarms are estimated to negatively affect the market growth. Increasing developments in the healthcare industry can help overcome these restraints and result in driving the growth of this market.
This report also provides the existing competitive scenario of some of the key players of the global clinical alarm management market which includes company profiling of Philips, Vocera Communications, Spok Inc., Ascom, Capsule Technologies Inc., Mobile Heartbeat, Connexall GlobeStar Systems Inc., GE Healthcare, Masimo, Medtronic.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global clinical alarm management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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