Clinical Alarm Management Market is Expected to grow at CAGR of 30.4% during the forecast period 2019-2023 (2)

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Clinical Alarm Management Market is Expected to
grow at CAGR of 30.4 during the forecast period
2019-2023
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Clinical Alarm Management Market
Market Synopsis Market Research Future (MRFR)
proposes that the global clinical alarm
management market is slated to demonstrate 30.4
CAGR during the forecast period (2018-2023).
Rising awareness regarding patient safety is
highly favoring the market growth. Clinical
alarms offer critical warnings to healthcare
physicians or caretakers regarding a patients
condition. Such devices are generally used in
clinics and homes and hospitals. Clinical alarm
management devices are developed using different
non-invasive technology and software in order to
monitor the condition of a patient. These
solutions are extensively adopted by the
ambulatory surgical centers and hospitals to
respond to clinical alarms. They are implemented
for some applications and include mobility
solutions, clinical decision support tools, alarm
auditing software, central monitoring systems,
and clinical alarm reporting software. Request
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Clinical Alarm Management Market
Market Potential and Pitfalls The clinical alarm
is an essential solution for proper patient
monitoring during critical conditions, the safety
of the patients, and alert the healthcare staff
regarding changes in a patients condition.
Clinical alarm management is high in demand in
clinics, hospitals, intensive care units, and
healthcare facilities owing to the rising
awareness regarding patient safety, increasing
government mandates regarding the safety of the
patients, and surging demand for best practices
in healthcare centers and hospitals. The markets
course is chiefly directed by the rising
incidences of chronic diseases, need for
cost-containment in the healthcare delivery,
growth in the geriatric population, and
increasing prominence of mHealth tools and big
data. On the contrary, sleep disruption caused
due to noise, noise fatigue, and an unpleasant
environment for the staff, patients, as well as
families due to the noise of the alarm are some
of the major concerns considered to vitiate the
market growth throughout the appraisal period.
Additionally, the unstandardized integrated alarm
systems are likely to deter the market growth to
a large extent. Check For Discount
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Clinical Alarm Management Market
Global Clinical Alarm Management Market
Segmental Analysis The global clinical alarm
management market has been segmented on the basis
of component, product, and end-user. By mode of
product, the global clinical alarm management
market has been segmented into physiological
monitors, nurse call systems, bed alarms, EMR
integration systems, mobility solutions,
ventilators, clinical decision support tools, and
central monitoring systems. Among these, the EMR
integration systems segment is likely to occupy a
significant share in the global market. The
growth is credited to the burgeoning adoption of
EHRs and interoperability solutions in the
healthcare organizations, shift of POC
diagnostics from hospitals to home care settings,
rising healthcare reforms and regulatory
requirements, and the need for integrated
healthcare systems in order to improve the
outcome and quality of healthcare systems. By
mode of component, the global clinical alarm
management market has been segmented into
services and solutions. Among these, the
solutions segment is predicted to occupy a
significant share. The growth is credited to the
frequent need for improvements and upgrades in
the software applications. By mode of end-users,
the global clinical alarm management market has
been segmented into long-term care centers,
hospitals, and ambulatory care centers home
care settings.
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