China Clinical Alarm Management Market Size & Outlook
China clinical alarm management market, 2018-2030 (US$M)
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China clinical alarm management market highlights
- The China clinical alarm management market generated a revenue of USD 30.8 million in 2022 and is expected to reach USD 180.3 million by 2030.
- The China market is expected to grow at a CAGR of 24.7% 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 30.8 million |
| Market revenue in 2030 | USD 180.3 million |
| Growth rate | 24.7% (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, China accounted for 2.5% 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 Asia Pacific, Australia clinical alarm management market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 338.5 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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China 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 26.62% in 2022. Horizon Databook has segmented the China 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 China clinical alarm management market holds a significant share, owing to the growing population rate coupled with the large geriatric population in the country. Aging is one of the major factors for cellular damage and the respective development of diseases among people.
This leads to an increased prevalence of chronic diseases and hospital admissions in the country. Hence, the need for better hospital facilities in the country is also increasing. The growing hospitalization rate has increased the demand for large workforce optimization, which is not feasible in the rural areas of the country.
This has enhanced the use of alert features in critical care settings of hospitals to timely notify healthcare professionals with a minimal workforce. In addition, the recent COVID-19 pandemic has increased the patient pool in various hospitals in China, where the shortage of nurses was challenging.
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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 country-level data and insights on the China clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into China clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China clinical alarm management market size, by end use, 2018-2030 (US$M)
China Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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