Europe Clinical Alarm Management Market Size & Outlook
Europe clinical alarm management market, 2018-2030 (US$M)
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Europe clinical alarm management market highlights
- The Europe clinical alarm management market generated a revenue of USD 327.4 million in 2022.
- The market is expected to grow at a CAGR of 20.5% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 327.4 million |
| Market revenue in 2030 | USD 1,450.7 million |
| Growth rate | 20.5% (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, Europe region accounted for 26.8% 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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Europe 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 26.76% in 2022. Horizon Databook has segmented the Europe 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 European market for clinical alarm management is expected to hold a significant share over the forecast period. This is because of the growing prevalence of chronic diseases in the geriatric population.
Increasing awareness among healthcare teams and nurses using advanced technologies, such as alarm management systems and services in optimizing patient safety, is a major driver responsible for market growth.
Moreover, the rising prevalence of chronic respiratory diseases and a significant number of hospitalizations in the region are factors boosting the market growth. In addition, major key players in the clinical alarm management market contributing to market growth in Europe are Vocera Communications, Capsule Technologies, Ascom Holding AG, Baxter International, Inc., and others.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe clinical alarm management market , including forecasts for subscribers. This continent databook contains high-level insights into Europe clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe clinical alarm management market size, by country, 2018-2030 (US$M)
Europe Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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