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Clinical Alarm Management Market Revenue and Value Chain 2016-2026 PowerPoint PPT Presentation


Increasing awareness of care providers towards enhancing patient safety is a prominent factor pushing the revenue growth of the clinical alarm management market. Others revenue drivers include rising medtech investments by governments of all major countries and promoting access to basic healthcare across all sections of the society. Integrated alarm system designs are often not standardized across different medical equipment systems and devices.

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Clinical alarm management market revenue and value chain 2016 2026

Clinical Alarm

Management

Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2016 – 2026

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Clinical alarm management market revenue and value chain 2016 2026

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Clinical alarm management market revenue and value chain 2016 2026

Report Description

Report Description

Clinical alarm systems are devices that alert caregivers of immediate adverse patient conditions

and help in enhancing potential patient-safety. Alarms must be accurate, unique and provide

alerts, which could be readily identified and understood by caregivers and the products must

belong to standardized & approved product categories. These systems are either built-in or

attached to other medical equipment & monitoring systems. Alarm fatigue is the psychological

effect produced by too many alarms occurring in a clinical environment, causing clinicians to

miss true clinically significant alarms. When alarms work well, the environment of patient care is

enhanced. When alarms do not work well, they pull caregivers away from their line of respective

duties and other patients, or even ignore alarm sounds altogether. Cases of ignored alarms have

resulted in patient deaths earlier in extreme cases. Most often, the major usability problem is an

alarm flood - too many alarms ringing together, in case of any device failure. Other defects

hampering clinical alarm uptake in sophisticated healthcare systems include poorly designed

alarms, improperly set alarm points, ineffective alarm announcements, and unclear alarm

messages among others.

Clinical Alarm Management Market: Drivers and Restraints

Increasing awareness of care providers towards enhancing patient safety is a prominent factor

pushing the revenue growth of the clinical alarm management market. Others revenue drivers

include rising medtech investments by governments of all major countries and promoting access

to basic healthcare across all sections of the society.


Clinical alarm management market revenue and value chain 2016 2026

Report Description

Report Description

Integrated alarm system designs are often not standardized across different medical equipment

systems and devices. This could be considered as a restraint for clinical alarm management

market. Improper alarm escalation leading to false negative cases - such as a patient needs

immediate clinical attention but a clinician is not alerted - substantially compromises on patient-

safety. Other factors negatively affecting market growth are lack of product standardization

across regions and lack of proper skills to rationalize the alarm adjustment process.

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1713

Clinical Alarm Management Market: Segmentation

Clinical alarm management market is segmented based on product type, end user and

geography.

Based on product type, clinical alarm management market is segmented as follows:

Physiological monitors

Telemetry monitors

Ventilators

Infusion Pumps

Anesthesia Machines

Compression Pumps


Clinical alarm management market revenue and value chain 2016 2026

Report Description

Report Description

Based on end user, the clinical alarm management market is segmented as follows:

Feeding Pumps

Nurse Call System

Bed Alarms

Hospitals

Clinics

Ambulatory surgical centers

Long term and palliative care centers

Home care

Others

Clinical Alarm Management Market: Overview

In the present market scenario, clinical alarm manufacturers prioritize sensitivity over specificity.

This often leads to a large number of false positive cases, which is often misleading. Particularly,

when alarm frequency is high, caregivers could become desensitized, develop alarm fatigue, and

create a false negative outcome, compromising patient safety. With rise in the number of urban

healthcare centers across regions, there clinical alarm management market is witnessing a

sustained growth in demand for standard and tested products.


Clinical alarm management market revenue and value chain 2016 2026

Report Description

Report Description

To avoid product level dysfunctionalities, the AAMI (Association for the Advancement of Medical

Instrumentation) Foundation had added clinical alarms to its portfolio of multidisciplinary

initiatives to advance patient safety and created an Alarm Best Practices Workgroup in 2012.

The committee reviews and recommends best practices on clinical alarm management at

regular intervals. Developed pharmaceutical markets are expected to create sustainable traction

in generating demand for standardized clinical alarm systems over the forecast period, while

developing markets are expected to follow suit.

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Clinical Alarm Management Market: Region-wise Outlook

The global clinical alarm management market is classified into seven regions namely, North

America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ),

Japan, Middle East and Africa (MEA). North America is expected to dominate the clinical alarm

management market in terms of both revenue and demand generation owing to greater

awareness on medtech advancement followed by Western Europe. However, over the

foreseeable long term, markets in Latin America and Asia-Pacific could prove lucrative in terms

of market opportunities owing to persistence of factors such as greater penetration of access to

organized healthcare and rising disposable income level contribution to private healthcare

spending.


Clinical alarm management market revenue and value chain 2016 2026

Report Description

Report Description

Clinical Alarm Management Market: Key Players

Some of the major companies contributing to global clinical alarm management market include

Medtronic, Extension Healthcare, GE Healthcare, Koninklijke Philips N.V., Baxter, Mindray

Medical International Limited among others.


Clinical alarm management market revenue and value chain 2016 2026

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