Canada Clinical Alarm Management Market Size & Outlook
Canada clinical alarm management market, 2018-2030 (US$M)
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Canada clinical alarm management market highlights
- The Canada clinical alarm management market generated a revenue of USD 68.5 million in 2022 and is expected to reach USD 406.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 24.9% 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.
Clinical alarm management market data book summary
| Market revenue in 2022 | USD 68.5 million |
| Market revenue in 2030 | USD 406.7 million |
| Growth rate | 24.9% (CAGR from 2022 to 2030) |
| Largest segment | Hospitals & clinics |
| Fastest growing segment | Long-Term Care Facilities |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 5.6% of the global clinical alarm management market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. clinical alarm management market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 406.7 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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Canada 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 26.72% in 2022. Horizon Databook has segmented the Canada 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.
Canada’s clinical alarm management market is expected to witness the fastest growth over the forecast period. This can be attributed to increase in preference and usage of alarm management services in Canada’s healthcare systems.
Major companies offer patient monitoring systems and alarm management products & services, which contributes to market growth. GE Healthcare provides B105 and B125 Patient Monitors, CARESCAPE B850 Monitor, CARESCAPE ONE Monitor, and others to various hospitals in the country.
Most common admissions were for cesarean section surgeries, followed by hip and knee replacements. This increased the usage of clinical alarms in hospital settings to alert doctors and nurses during emergencies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into Canada clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada clinical alarm management market size, by end use, 2018-2030 (US$M)
Canada Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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