Insights on the Clinical Alarm Management Global Market to 2028 - Increasing Use of Electronic Health Records is Driving Growth - ResearchAndMarkets.com

The "Global Clinical Alarm Management Market Size, Share & Industry Trends Analysis Report by Component, End-user, Product, Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The Global Clinical Alarm Management Market size is expected to reach $5.9 billion by 2028, rising at a market growth of 10.5% CAGR during the forecast period.

Alarms notify employees when a situation is dangerous or life-threatening and calls for rapid action, yet they frequently ring even when no such scenario exists. Most non-urgent alarms don't need to be attended to right away by a staff member.

The persistent onslaught of nuisance alerts causes alarm fatigue, which is demonstrated by slow or no response, silencing or muting the alarm, or completely turning off the alarm. This cacophony creates the background noise of a unit's environment. The staff member may not be warned of an emergency if the alert is turned off or muffled.

Even though there are strategies, none of them by themselves can solve this issue. Multiple actions are needed for mitigation, some of which might need to be customized for the unit or patient. For instance, when necessary, alarm parameters may be changed to increase the likelihood that the alarm will only go off when the patient genuinely needs to be attended to.

In some circumstances, it might also be able to place a small delay on the alarm; in such cases, things automatically adjust themselves after just a few seconds. Employing technicians to keep an eye on the patient monitors and notify staff of any events is another tactic. This advice piece examines these interventions in greater detail.

Market Growth Factors

The fatigue caused by alarms is increasing

The rise in alarm-based devices, patients connected to more devices, and a lack of device standardization have all contributed to an increase in the adoption of the clinical alarm management. Due to alarm fatigue brought on by the excessive frequency of alarms, medical staff may become desensitized, which could lead to alarms being disregarded or turned off.

This could lead to overriding or avoiding potentially crucial notifications, with serious repercussions and a further burden on hospital resources in the future. Inaccurate and bothersome alarms can prevent patients from getting enough sleep and impede recovery, in addition to causing annoyance and stress for caregivers.

The sector will rise as a result of increased government initiatives in both developed and developing nations for the use of clinical alarms.

Increasing use of Electronic health records

Patient data included in electronic health records is frequently complex, private, and unstructured. To make use of the possibilities for bettering patient care, the barrier of integrating this knowledge into the process of providing healthcare must be overcome. Even though EHRs have been used for more than ten years, the market has accelerated because of national government initiatives targeted at enhancing patient protection.

The context-specific data about the clinical care setting and patients will probably be used in the next phase of the EHR development process to enhance the relevance of reference content and alerts sent to patients at the point of treatment and to improve functionality. The growing adoption of Electronic health records surges the growth of the clinical alarm management market.

Market Restraining Factors

Interoperability issues with the clinical alarm management

The lack of compatibility is a major obstacle to the successful delivery of clinical alarm management solutions and services. Electronic systems need to be able to communicate with one another to integrate and analyze data. Without adequate data interchange and analysis, clinical alarm management will not be effective.

Approximately 10 percent of doctors were able to send, receive, and integrate health data into their respective EHR systems, according to the National Electronic Health Records Survey conducted between 2015 and 2017. The majority of hospitals are unable to perform all four information exchange activities, even though many of these hospitals can conduct some information exchange activities that support interoperability. The lack of the interoperability hampers the growth of the clinical alarm management market.

Scope of the Study

Market Segments Covered in the Report:

By Component

• Solution
• Services

By End User

• Hospitals
• Long-term Care Centers
• Ambulatory Care Centers & Home Care Settings Passive CDSS

By Product

• Nurse call systems
• Physiological Monitors
• EMR Integration Systems
• Ventilators
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Australia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

• Koninklijke Philips N.V.
• General Electric (GE) Co. (GE Healthcare)
• Ascom Holding AG
• Spok Holdings, Inc. (Spok, Inc.)
• Masimo Corporation
• Cornell Communications, Inc.
• Baxter International, Inc.
• Johnson Controls International PLC
• Medtronic PLC
• Vocera Communications, Inc. (Stryker Corporation)

For more information about this report visit https://www.researchandmarkets.com/r/k1hxux

View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005753/en/