Clinical Alarm Management Market Share 2023 to 2033 | By Medtronic, GE Healthcare, Koninklijke, Philips N. V., Baxter
The global Clinical Alarm Management Market revenue is expected to be worth US$ 6.2 billion by 2033, growing at a 7.5% CAGR from 2023 to 2033. Alarms are used to notify workers when a situation is dangerous or life-threatening and requires quick response. Alarms, on the other hand, frequently ring even when no such scenario exists, resulting in alarm fatigue. The majority of non-urgent alerts do not necessitate rapid personnel action.
Alarm fatigue is produced by a constant stream of annoyance messages, which results in slow or no response, muting or silencing alarms, or turning off the alarm entirely. This generates background noise in the unit’s surroundings. Staff may not be notified of an emergency if the alarm is muted or turned off.
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Although there are techniques to reduce alarm fatigue, none of them can cure the problem on their own. A number of mitigating activities are required, some of which may need to be tailored to the unit or patient. alert parameters, for example, can be changed as needed to maximise the possibility that the alert will only ring when the patient truly wants attention.
It may be possible in some circumstances to add a little delay to the alarm, allowing things to self-correct after a few seconds. Another approach is to hire technicians to check patient monitors and notify staff of any irregularities. This post delves deeper into these interventions.
Clinical Alarm Management Market Key Points
- From 2023 to 2033, the Clinical Alarm Management market is estimated to grow at a 7.5% CAGR.
- Because of the expanding patient population, the North American area dominates the Clinical Alarm Management industry.
- During the forecast period, the United Kingdom is expected to be one of the most desirable markets.
- One of the key factors driving the growth of the Clinical Alarm Management market is the rising prevalence of alarm fatigue.
- In 2023, the global market’s absolute dollar growth is expected to be US$ 3.2 billion.
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- Spok announced an agreement with in Technology in July 2022 to distribute and instal Spok’s healthcare communication products throughout the Asia Pacific region. The advancement assists the company in establishing its market presence in the region’s emerging healthcare infrastructure, as well as improving hospitals’ integrated key communication solutions with their existing data systems upgrade systems such as clinical alarms, patient monitors, and Electronic Medical Records (EMR).
- Sheffield Children’s Hospital announced a collaboration with Tutum Medical in March 2022 to create a revolutionary design for a Bedside Equipment Alarm Monitoring System (BEAMS). The system includes crucial bedside monitoring systems to increase nursing staff response time and track personnel walking the wards to look for alerts. The solution is expected to cut alert frequency by 95%, considerably lowering alarm fatigue and enhancing staff availability to serve important patients effectively.
- In June 2022, GE Healthcare announced the release of Portrait Mobile, a wireless patient monitoring device that aids in the detection of patient deterioration. The product introduction targeted to reduce hospital admissions and early detection of patient stays.
Key Players Operating in the Global Market include
- GE Healthcare
- Philips N. V.
- Mindray Medical International Limited
- Spok Inc
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- Clinical Decision Support Tool
- Central Monitoring System
- Mobility Solution
- Clinical Alarm Reporting Software
- Alarm Auditing Software
- Implementation and Integration
- Monitoring and Analytics
By End User:
- Ambulatory Surgical Centers
- Long-term and Palliative Care Centers
- Home Care
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