South Africa Clinical Alarm Management Market Size & Outlook
South Africa clinical alarm management market, 2018-2030 (US$M)
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South Africa clinical alarm management market highlights
- The South Africa clinical alarm management market generated a revenue of USD 5.2 million in 2022 and is expected to reach USD 26.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 22.7% from 2023 to 2030.
- In terms of segment, hospitals & clinics was the largest revenue generating end use in 2022.
- Home Care Settings 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 5.2 million |
| Market revenue in 2030 | USD 26.8 million |
| Growth rate | 22.7% (CAGR from 2022 to 2030) |
| Largest segment | Hospitals & clinics |
| Fastest growing segment | Home Care Settings |
| 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, South Africa accounted for 0.4% 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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South 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 26.92% in 2022. Horizon Databook has segmented the South 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.
South Africa has the most dynamic healthcare sector due to its ever-growing private & public healthcare sectors. South Africa has a large number of long-term care facilities due to the growing cases of HIV/AIDS.
For instance, according to the Center for Strategic & International Studies, in April 2019, the country was reported to be the epicenter of the HIV epidemic with the largest prevalence of AIDS in the world. The large prevalence of chronic conditions has simultaneously increased the patient pool in long-term care facilities.
This, in turn, has increased the burden among healthcare professionals of constantly monitoring patients due to shortage of nurses. These factors are increasing the opportunity to implement clinical alarm management systems in the country’s hospitals, long-term care settings, and ambulatory centers.
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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 South Africa clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into South Africa clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa clinical alarm management market size, by end use, 2018-2030 (US$M)
South Africa Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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