Asia Pacific Clinical Alarm Management Market Size & Outlook
Asia Pacific clinical alarm management market, 2018-2030 (US$M)
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Asia Pacific clinical alarm management market highlights
- The Asia Pacific clinical alarm management market generated a revenue of USD 259.9 million in 2022.
- The market is expected to grow at a CAGR of 24.4% from 2023 to 2030.
- In terms of segment, hospitals & clinics was the largest revenue generating end use in 2022.
- Long-Term Care Facilities is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 259.9 million |
| Market revenue in 2030 | USD 1,489.3 million |
| Growth rate | 24.4% (CAGR from 2022 to 2030) |
| Largest segment | Hospitals & clinics |
| Fastest growing segment | Long-Term Care Facilities |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home Care Settings, Specialty Centers, Hospitals & Clinics, Ambulatory Care Centers, Long-Term Care Facilities |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Ascom Holding AG, Spok Holdings Inc, Masimo Corp, Hill-Rom, Qualcomm Inc, Medtronic PLC, West Pharmaceutical Services Inc, Stryker Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.3% of the global clinical alarm management market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,489.3 million by 2030.
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Clinical Alarm Management Market Scope
Clinical Alarm Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific clinical alarm management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to clinical alarm management market will help companies and investors design strategic landscapes.
Hospitals & clinics was the largest segment with a revenue share of 26.74% in 2022. Horizon Databook has segmented the Asia Pacific clinical alarm management market based on home care settings, specialty centers, hospitals & clinics, ambulatory care centers, long-term care facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is expected to witness the fastest growth over the forecast period. This can be attributed to the adoption of advanced technologies in caregiving and the development of healthcare infrastructure.
Moreover, increasing access to organized healthcare facilities in developing countries, such as India and China, and rising disposable income are projected to boost regional market growth over the forecast period.
In addition, the volume of patients and treatments offered in various healthcare sectors of the region increased in recent years, which further contributes to growth. Improving healthcare infrastructure in developing countries, such as India, China, and Japan is further enhancing the scope of clinical alarms and their management services.
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Our clientele includes a mix of clinical alarm management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific clinical alarm management market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific clinical alarm management market size, by country, 2018-2030 (US$M)
Asia Pacific Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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