UK Clinical Alarm Management Market Size & Outlook
UK clinical alarm management market, 2018-2030 (US$M)
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UK clinical alarm management market highlights
- The UK clinical alarm management market generated a revenue of USD 77.6 million in 2022 and is expected to reach USD 327.3 million by 2030.
- The UK market is expected to grow at a CAGR of 19.7% 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 77.6 million |
| Market revenue in 2030 | USD 327.3 million |
| Growth rate | 19.7% (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, UK accounted for 6.4% 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 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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UK 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 26.8% in 2022. Horizon Databook has segmented the UK 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 UK clinical alarm management market is expected to witness the fastest growth over the forecast period. This can be attributed to improving clinical alarm management and determining false alarms. Some of the key players, such as Medtronic and GE Healthcare, are widely supplying clinical alarm management solutions to healthcare systems across the country.
In addition, Philips plays a vital role in contributing to the clinical alarm management market growth in the UK. This is due to offering a wide range of alarm management products and the new product launches with CE approval.
For instance, Philips provides alarm and noise management consulting services, which helps in reducing non-actionable alarms and alarm fatigue while standardizing the alarm management process. These factors play a wide role in driving the UK market.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into UK clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK clinical alarm management market size, by end use, 2018-2030 (US$M)
UK Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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