Alarm managementÊis the application ofÊhuman factorsÊ(or 'ergonomics') along withÊinstrumentation engineeringÊandÊsystems thinkingÊtoÊmanageÊtheÊdesignÊof anÊalarm systemÊto increase itsÊusability. Most often the major usability problem is that there are too many alarms annunciated in a plant upset, commonly referred to asÊalarm floodÊ(similar to anÊinterrupt storm), since it is so similar to a flood caused by excessive rainfall input with a basically fixedÊdrainageÊoutput capacity. However, there can also be other problems with an alarm system such as poorly designed alarms, improperly set alarm points, ineffective annunciation, unclear alarm messages, etc.
Scope of the Report:This report studies the Clinical Alarm Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Clinical Alarm Management market by product type and applications/end industries.
The Asia Pacific hospital segment could see an exponential CAGR of 10.8% for period and have a value of just under US$ 350 million by the end of 2025.
The global Clinical Alarm Management market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Clinical Alarm Management.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Medtronic
GE
Koninklijke Philips
Baxter
Connexall
Mindray Medical International
Vocera
Drager
Spok
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Clinical Decision Support Tools
Central Monitoring System
Mobility Solutions
Clinical Alarm Reporting Software
Alarm Auditing Software
Market Segment by Applications, can be divided into BFSI
Healthcare
Telecommunication & ITES
Government
Retail
Travel & Hospitality
Manufacturing
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
