Spain Clinical Alarm Management Market Size & Outlook
Spain clinical alarm management market, 2018-2030 (US$M)
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Spain clinical alarm management market highlights
- The Spain clinical alarm management market generated a revenue of USD 22.3 million in 2022 and is expected to reach USD 101.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 20.9% 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.
Clinical alarm management market data book summary
| Market revenue in 2022 | USD 22.3 million |
| Market revenue in 2030 | USD 101.9 million |
| Growth rate | 20.9% (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, Spain accounted for 1.8% 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 Europe, UK clinical alarm management market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 205.1 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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Spain 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 26.91% in 2022. Horizon Databook has segmented the Spain 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 Spain clinical alarm management market is expected to grow at a lucrative CAGR over the forecast period. This is owing to factors such as growing awareness among healthcare providers to enhance patient safety, increasing alarm fatigue, and rising prevalence and usage of eHealth tools like alarm management services.
According to an article published in the National Library of Medicine, in December 2021, the Spanish healthcare system enhanced digital eHealth services, which are completely established and well-received by the country’s hospitals.
Key players, such as Vocera Communications, contribute to Spain’s clinical alarm management market growth by new products launching and signing an agreement. For instance, in January 2019, Vocera launched a new wearable smart badge.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into Spain clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain clinical alarm management market size, by end use, 2018-2030 (US$M)
Spain Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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