July 14, 2023 : Clinical Alarm Management Market Expected to Reach US$6.2 Billion by 2033, Driven by Technological Advancements in Healthcare.
The clinical alarm management market is poised for significant growth, projected to reach US$3.0 billion in 2023 and increase at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2033, ultimately reaching US$6.2 billion.
Rapid developments in healthcare infrastructure and increased investments have transformed patient engagement and experience, leading to a surge in demand for clinical alarm management. The adoption of clinical decision support tools and real-time communication systems has gained momentum, driven by advancements in healthcare technologies.
Industry analysts state, “As global investments in the healthcare industry continue to rise, the demand for clinical alarm management is expected to increase. Solution providers are expanding their portfolios and integrating advanced technologies like Big Data Analytics to gain a competitive advantage.”
Key takeaways from the clinical alarm management market study include:
Future Market Insights offers a comprehensive global clinical alarm management market analysis, including historical demand data and forecast statistics. The market is examined based on components (solutions and services) and end-users (hospitals, clinics, ambulatory surgical centers, long-term and palliative care centers, home care, and others) across seven major regions.
The clinical alarm management market is primed for substantial growth, propelled by technological advancements and the ongoing shift towards value-based healthcare.