Clinical Alarm Management Market 2020: Global Industry Exhibits Huge Growth by Top Key Players

According to research report the clinical alarm management market is expected to reach $1,724 million by 2023 from an estimated $457 million in 2018, at a CAGR of 30.4% during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69939577Based on component, the global clinical alarm management market is segmented into two broad categories based on component, namely— solutions and services.

The services segment is expected to grow at the highest CAGR during the forecast period owing to the increasing adoption of clinical alarm management solutions and indispensable and recurring nature of services.Based on product, the global clinical alarm management market is categorized into nurse call systems, physiological monitors, EMR integration systems, bed alarms, ventilators, and others (infusion pumps and pulse oximeters).

The EMR integration systems segment is also expected to grow at the highest rate during the forecast period owing to the increased adoption of EHRs and other interoperability solutions in healthcare organizations, growing regulatory requirements & healthcare reforms, shift of point-of-care diagnostics from hospitals to home care settings, and the need for integrated healthcare systems to improve the quality and outcome of healthcare systems.The major players in the clinical alarm management market include Koninklijke Philips (Netherlands), Vocera Communications (US), Mobile Heartbeat (US), GE Healthcare (US), Ascom Holdings (Switzerland), Spok, Inc. (US), Bernoulli Enterprise (US), Connexall (Canada), Capsule Technologie (US), and Masimo Corporation (US).

These players have adopted various growth strategies, such as product launches and enhancements; acquisitions; expansions; and agreements, partnerships, mergers, and collaborations.

Product launches and partnerships and have been the most dominating strategy adopted by major players of clinical alarm software market from 2015 to 2018, which helped them to innovate on their offerings and broaden their customer base.Recent Developments -• In October 2017, GE Healthcare (US) entered into partnership with Ascom (Switzerland) to enable the addition of alarm management solution called Digistat Patient Watch to GE Healthcare’s portfolio of solutions for the intensive care.• In August 2017, Ascom (Switzerland) partnered with Dräger (Germany) to deliver clinical alarm management solutions to healthcare providers.• In October 2016, Vocera Communications (US) acquired Extension Healthcare (US).

This was expected to enable Vocera add Extension Healthcare’s complementary software to Vocera’s Communication Platform and expand customer relationships and grow software revenue faster by providing highly relevant cross-selling opportunities.Request For Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=69939577North America is estimated to account for the largest share of the clinical alarm software market in 2018.

Clinical practice management software (PMS) is a software designed for healthcare operations management that offers a wide range of application functions including patient registration, appointment scheduling, medical billing, and others.

Burgeoning healthcare sector worldwide, along with the proliferation of care facilities define the growing market landscape of PMS.

Over the last decade, the healthcare industry is growing by leaps and bound due to the ever-increasing population prompting a tremendous need for effective treatment and care.Request sample Copy:https://www.marketresearchfuture.com/sample_request/760Recognizing the potential this market holds to grow further, Market Research Future (MRFR) in its recently published study report asserts that the global clinical practice management software market is expected to evaluate at exponential value by 2023, registering an impressive CAGR of 15.2 % during the forecast period (2017 – 2023).

Extensive demand for this software by hospitals alongside a large number of healthcare IT companies providing client-specific software solutions fosters the market growth across the globe.

Simultaneously, availability of user-friendly software solutions that are enhancing the performance of healthcare professionals, improving operations of caregiving facilities contributes to the growth of PMS market.On the other hand, slightly higher cost of this software acts as a headwind, impeding the market growth.

However, the efficiency and efficacy of this software that enhances overall operation management in hospitals and clinical setting, helping them to manage the continuous flow of patients, is expected to support the market growth over the forecast period.Global Clinical Practice Management Software Market   - SegmentsMRFR has segmented its analysis into three key dynamics for enhanced understanding.By Mode of Deliveries     : On-Premise and Cloud-Based, among others.By End-Users                      : Hospitals, Clinics, and Laboratories, among others.By Regions                          :  Europe, North America, APAC and the Rest-of-the-World.Global Clinical Practice Management Software Market – Geographical AnalysisThe PMS market in the North American region accounts for the largest market, globally.

The global clinical alarm management market is expected to register a CAGR of 30.4% during the forecast period of 2018 to 2023Clinical alarm is an essential facility that are followed and undertaken in various healthcare centers.

These devices help to create a connection between the patient and healthcare staff.There is a high demand of clinical alarm management in hospitals, clinics, intensive care units (ICU), and other healthcare facilities.

The key factors contributing for the market growth are growing awareness about the patient safety, rising demand for best practices in hospitals and healthcare centers, and rising government regulation regarding patient safety boosts the market growth.Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/7510Clinical Alarm Management Market Key PlayersThis are some of the major players for global clinical alarm management market.Koninklijke Philips N.V.Medtronic, BaxterVocera CommunicationsMindray Medical InternationalGE HealthcareAscom HoldingsSpok(Subsidiary of Spok Holdings, Inc.)MasimoConnexallDragerBernoulli EnterpriseCapsule Technologie (Subsidiary of Qualcomm Life, Inc.)Mobile Heartbeat (Subsidiary of Hospital Corporation of America)Clinical Alarm Management Market SegmentationThe global clinical alarm management market is segmented on the basis of product, component and end user.On the basis of the product, the global clinical alarm management market is categorized into nurse call systems, physiological monitors, EMR integration systems, bed alarms, ventilators, mobility solutions, central monitoring systems and clinical decision support tools.On the basis of the component, the global clinical alarm management market is segmented into solutions and services.

On the basis of the end user, the market is segmented into hospitals, long-term care centers and ambulatory care centers & home care settings.On the bases of region, the market is segmented into Americas, Europe, Asia-Pacific, and the Middle East and Africa.

The Americas is expected to hold the largest market share and the Middle East and Africa with the low market share during the forecasted period.Clinical Alarm Management Market Regional AnalysisEurope is second in the global clinical alarm management market owing to increasing government support for healthcare sector and the awareness programs about the clinical alarms conducted by different foundation contributors in promoting the market across the globe.Asia Pacific region is the fastest growing market owing to the increasing patient population, rising demand for various healthcare facilities for better treatment and increasing healthcare expenditure drives the market with the region.

The Middle East & Africa has the least share in the global clinical alarm management market owing to the presence of poor economies and low per capita income, especially in the African region.The Americas dominate the global clinical alarm management market.