Germany Clinical Alarm Management Market Size & Outlook
Germany clinical alarm management market, 2018-2030 (US$M)
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Germany clinical alarm management market highlights
- The Germany clinical alarm management market generated a revenue of USD 43.5 million in 2022 and is expected to reach USD 205.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 21.4% 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.
Clinical alarm management market data book summary
| Market revenue in 2022 | USD 43.5 million |
| Market revenue in 2030 | USD 205.1 million |
| Growth rate | 21.4% (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, Germany accounted for 3.6% 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 Europe, UK clinical alarm management market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 205.1 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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Germany 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 26.67% in 2022. Horizon Databook has segmented the Germany 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 increasing incidence of chronic respiratory diseases and stroke is a major driver of the German market. This proportion is higher compared with other European Union countries. Moreover, the implementation of alarm management services and artificial intelligence to optimize workflow, innovation in product technologies, and reduction of false alarms is fueling the market growth.
Older people are highly susceptible to cataracts & refractive errors, hearing loss, back & neck pain, osteoarthritis, depression, chronic obstructive pulmonary disease, diabetes, and dementia. This led to rise in demand for devices required for monitoring, treatment, and management of diseases.
In April 2018, Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc. partnered with Bernoulli Health to promote clinical alarm management systems by evaluating and capturing on-time patient data from various clinical systems, such as nurse call systems, and providing alerts to healthcare professionals for quick response.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into Germany clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany clinical alarm management market size, by end use, 2018-2030 (US$M)
Germany Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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