Clinical Alarm Management Market Size, Share (2022-27) & Report

 

Market Overview:

In 2021, the market for clinical alarm management is anticipated to be worth USD 1,368.77 million. It is anticipated to grow at a CAGR of 25.68% from 2022 to 2027, reaching USD 5,280.33 million.

The COVID-19 pandemic is still changing how different markets are growing, and the outbreak’s immediate effects are many and varied. While some industries will see a decline in demand, many other markets will continue to be unaffected and offer bright prospects for growth.

Due to the large number of patients being admitted to hospitals as a result of the COVID 19 pandemic, one industry that could benefit is clinical alarm management. It is important and required to monitor patient health and to give patients proper effective treatment in healthcare facilities.

The current pandemic has also raised concerns about false alarms, which are causing unneeded confusion among healthcare professionals and are likely to increase attention to the proper implementation of clinical alarm systems at hospitals and COVID 19 healthcare facilities.

Scope of the Report:

Clinical alarms are used to warn the caregivers regarding the adverse patient conditions and help to take the quick action. Previously there were only a few medical systems are having the features of clinical alarm. However, nowadays the scenario has changed, most of the devices are coupled with alarm systems, and management of these systems has become vital for providing better healthcare. The Clinical Alarm Management Market is Segmented by Component (Product and Services), By End-User (Hospitals, Long-term Care Centers, Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.

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