India Clinical Alarm Management Market Size & Outlook
India clinical alarm management market, 2018-2030 (US$M)
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India clinical alarm management market highlights
- The India clinical alarm management market generated a revenue of USD 12.8 million in 2022 and is expected to reach USD 73.5 million by 2030.
- The India 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.
Clinical alarm management market data book summary
| Market revenue in 2022 | USD 12.8 million |
| Market revenue in 2030 | USD 73.5 million |
| Growth rate | 24.4% (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, India accounted for 1.0% 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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India 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 26.56% in 2022. Horizon Databook has segmented the India 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.
India is one of the developing countries with improving healthcare facilities over recent years. The demand for clinical alarm management systems is growing in emerging countries like India, which is the major driver of the market.
Wide-ranging applications of alert management software that feature nurse call systems, bedside emergency bells, and physiological monitors in the country’s hospitals, clinics, and ambulatory surgical centers reduce the work pressure on nurses and thus increase implementation.
In addition, the COVID-19 pandemic led to the introduction of various novel technologies in healthcare settings. The large patient pool with the constant need for monitoring vitals has increased the usage and demand for physiological monitors with alarms to notify nurses in case of emergency, Moreover, a large number of key players present in the country is another factor boosting the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the India clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into India clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India clinical alarm management market size, by end use, 2018-2030 (US$M)
India Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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