Middle East & Africa Clinical Alarm Management Market Size & Outlook
Middle East & Africa clinical alarm management market, 2018-2030 (US$M)
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MEA clinical alarm management market highlights
- The MEA clinical alarm management market generated a revenue of USD 36.5 million in 2022.
- The market is expected to grow at a CAGR of 21.9% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 36.5 million |
| Market revenue in 2030 | USD 178.1 million |
| Growth rate | 21.9% (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, MEA region accounted for 3.0% 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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Middle East & Africa 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 26.85% in 2022. Horizon Databook has segmented the Middle East & Africa 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 Middle East and Africa clinical alarm management market is growing at a lucrative CAGR over the forecast period. This can be attributed to factors such as the increasing adoption of clinical alarm software with features such as integrated EHRS, bed alarms, nurse call systems, and ventilators, among others in hospitals as well as other healthcare systems.
In addition, growing awareness among healthcare providers about clinical alert software to enhance patient safety by giving timely treatment in case of emergencies is fueling the market growth. MEA region is witnessing rapid healthcare technology advancements, such as the implementation of big data and AI-based software on medical premises.
IT advancement in the healthcare field has enhanced the convenience of patients and healthcare professionals by making monitoring processes easy. In addition, the constant monitoring and reliable alerts enabled by the software are further boosting market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa clinical alarm management market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA clinical alarm management market size, by country, 2018-2030 (US$M)
Middle East & Africa Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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