Saudi Arabia Clinical Alarm Management Market Size & Outlook
Saudi Arabia clinical alarm management market, 2018-2030 (US$M)
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Saudi Arabia clinical alarm management market highlights
- The Saudi Arabia clinical alarm management market generated a revenue of USD 7.0 million in 2022 and is expected to reach USD 34.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 22.2% 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 7.0 million |
| Market revenue in 2030 | USD 34.6 million |
| Growth rate | 22.2% (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, Saudi Arabia accounted for 0.6% 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 Middle East & Africa, Saudi Arabia clinical alarm management market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 18.2 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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Saudi Arabia 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 27.14% in 2022. Horizon Databook has segmented the Saudi Arabia 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 healthcare sector in the Kingdom of Saudi Arabia has seen a rapid evaluation in research & development activities with rapid technological advancements over the decade. However, the demand for advancing long-term care centers, rehabilitation, and home care healthcare settings is still on the rise.
This is owing to the high prevalence of lifestyle-related chronic diseases, such as obesity, chronic heart diseases, and diabetes. The implementation of clinical alarm management systems is expected to increase in such facilities to reduce the burden of healthcare professionals and to increase the convenience of patients.
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Our clientele includes a mix of clinical alarm management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia clinical alarm management market size, by end use, 2018-2030 (US$M)
Saudi Arabia Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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