The clinical alarm management market size is projected to achieve a value of US$ 6.2 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period from 2023 to 2033. Alarms serve to alert staff when a situation is hazardous or life-threatening and necessitates immediate attention. However, alarms often sound even when no such situation exists, resulting in alarm fatigue. Most non-urgent alarms do not require immediate staff attention.
Alarm fatigue is caused by a continuous stream of nuisance notifications, resulting in slow or no response, muting or silencing alarms, or altogether switching off the alarm. This creates a background noise in the unit’s environment. If the alarm is muted or switched off, staff may not be notified of an emergency.
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Although there are strategies to mitigate alarm fatigue, none of them can solve the issue alone. Several mitigating activities are required, some of which may need to be customised for the unit or patient. For example, alarm parameters can be adjusted when necessary to increase the likelihood that the alarm will only sound when the patient genuinely requires attention.
In certain cases, it may be feasible to add a brief delay to the alarm, allowing things to self-correct after a few seconds. Another strategy involves employing technicians to monitor patient monitors and alert staff of any anomalies. This post provides further insight into these interventions.
Clinical Alarm Management Market Key Points
- The clinical alarm management market is expected to register a 7.5% CAGR from 2023 to 2033.
- The clinical alarm management market is dominated by North America region due to growing patient population.
- The United Kingdom is expected to remain one of the most appealing markets during the forecast period.
- The increased prevalence of alarm fatigue is one of the primary factors driving the growth of the clinical alarm management market.
- The global market’s absolute dollar growth is estimated to be US$ 3.2 billion in 2023.
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Recent Developments
- 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
- Medtronic
- GE Healthcare
- Koninklijke
- Philips N. V.
- Baxter
- Connexall
- Mindray Medical International Limited
- Vocera
- Drager
- Spok Inc
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Key Segment
By Component:
- Solution
- Clinical Decision Support Tool
- Central Monitoring System
- Mobility Solution
- Clinical Alarm Reporting Software
- Alarm Auditing Software
- Service
- Consulting
- Implementation and Integration
- Monitoring and Analytics
By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Long-term and Palliative Care Centers
- Home Care
- Others
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