U.S. Clinical Alarm Management Market Size & Outlook
U.S. clinical alarm management market, 2018-2030 (US$M)
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U.S. clinical alarm management market highlights
- The U.S. clinical alarm management market generated a revenue of USD 473.7 million in 2022 and is expected to reach USD 1,755.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 17.8% 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 473.7 million |
| Market revenue in 2030 | USD 1,755.0 million |
| Growth rate | 17.8% (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, U.S. accounted for 38.8% 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 North America, U.S. clinical alarm management market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 406.7 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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U.S. 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 26.75% in 2022. Horizon Databook has segmented the U.S. 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.
High prevalence of chronic diseases is one of the factors propelling the market growth. According to the Centers for Disease Control and Prevention, 6 out of 10 adults in the U.S. are living with chronic diseases, whereas 4 out of 10 have comorbidity chronic illness.
Lifestyle risks, such as tobacco consumption, poor nutrition, excessive alcohol use, and irregular physical activity in the country, are major contributors to chronic disease prevalence. According to NCBI, in addition to the expenditure, health outcomes and population-level disability related to chronic diseases do not seem to reduce, which is one of the contributing factors for market growth.
According to an article published in American Journal for Maternal/Child Nursing, healthcare teams provide more alarm and alert management services than nurses, which helps in reducing nonactionable alarms and alarm fatigue while standardizing the alarm management process.
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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 U.S. clinical alarm management market , including forecasts for subscribers. This country databook contains high-level insights into U.S. clinical alarm management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. clinical alarm management market size, by end use, 2018-2030 (US$M)
U.S. Clinical Alarm Management Market Outlook Share, 2022 & 2030 (US$M)
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