Latin America Clinical Alarm Management Market Size & Outlook
Latin America clinical alarm management market, 2018-2030 (US$M)
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Latin America clinical alarm management market highlights
- The Latin America clinical alarm management market generated a revenue of USD 54.5 million in 2022.
- The market is expected to grow at a CAGR of 22.1% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 54.5 million |
| Market revenue in 2030 | USD 269.2 million |
| Growth rate | 22.1% (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, Latin America region accounted for 4.5% 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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Latin America 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 26.79% in 2022. Horizon Databook has segmented the Latin America 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 Latin American clinical alarm management market is growing at a lucrative rate, owing to efficient insurance coverage for installing medical alert systems in healthcare settings. The growing popularity of smartphone technologies has increased the feature capabilities of clinical alarm monitors, which are widely applied in home-care medical settings.
The increasing pressure on nurses has increased the installation of such alarm management systems that connect nurse call systems in the region to easily monitor the status of patients. Moreover, growing technological advancements coupled with the increasing adoption of digital software in health devices have improved the usage of clinical alarm management systems.
Growing demand for better patient care facilities is encouraging hospitals to install alert facilities on a large scale. The integration of internet protocol systems with updated alarm management technologies has reduced human error, thus improving patient outcomes in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America clinical alarm management market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America clinical alarm management market size, by country, 2018-2030 (US$M)
Latin America Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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