The global clinical alert management industry is expected to reach $5.9 billion by 2028 | Wbactive

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DUBLIN, Nov. 25, 2022 (GLOBE NEWSWIRE) — Global Clinical Alarm Management Market Size, Share & Industry Trends Analysis Report by Component, End-User, Product, Regional Outlook and Forecast, 2022-2028 report has been added to ResearchAndMarkets.com Offer.

The size of the global clinical alert management market is expected to reach US$5.9 billion by 2028, representing a market growth of CAGR 10.5% during the forecast period.

Alarms notify employees when a situation is dangerous or life-threatening and requires immediate action, but will often ring even when no such scenario exists. Most non-urgent alarms do not require immediate action by an operator.

The sustained onslaught of nuisance alarms causes alarm fatigue, which is evidenced by slow or no response, silencing or silencing the alarm, or turning the alarm off completely. This cacophony creates the background noise of a unit’s environment. The employee may not be alerted to an emergency if the alarm is turned off or muted.

Although there are strategies, none of them alone can solve this problem. Mitigation requires several actions, some of which may need to be customized for the unit or patient. For example, if necessary, alarm parameters can be changed to increase the probability that the alarm is only triggered when the patient really needs treatment.

In certain circumstances it may also be possible to delay the alarm slightly; in such cases, it adjusts itself automatically after a few seconds. Another tactic is to hire technicians to keep an eye on patient monitors and alert staff to events. This guide examines these procedures in more detail.

COVID-19 Impact Analysis

The growth of telemedicine has been delayed in recent years by legal and behavioral restrictions. However, the segment is expected to grow over the next two years as many healthcare providers now focus on video conferencing and phone calls.

In addition, the burden on hospitals already overwhelmed with COVID-19 patient numbers has been significantly eased. Medical IoT devices located in the patient’s home are now being used to maximize outpatient care and reduce follow-up visits; These devices can also be used in an emergency.

market growth factors

Fatigue from alarms is increasing

The proliferation of alarm-based devices, patients connected to more devices, and a lack of device standardization have all contributed to increased acceptance of clinical alarm management. Due to alarm fatigue caused by the excessive frequency of alarms, medical staff can become desensitized, which can result in alarms being ignored or turned off.

This could result in potentially important notifications being overridden or avoided, with serious consequences and further draining hospital resources in the future. Inaccurate and annoying alarms can prevent patients from getting enough sleep and hamper recovery, adding to the annoyance and stress for caregivers.

The sector will rise due to increased government initiatives in both developed and developing countries for the use of clinical alarms.

Increasing use of electronic health records

Patient data contained in electronic medical records is often complex, private and unstructured. In order to take advantage of opportunities to improve patient care, the barrier of integrating this knowledge into the healthcare process must be overcome. Although EHRs have been in use for more than a decade, the market has accelerated due to national government initiatives aimed at improving patient protection.

The context-specific data about the clinical care environment and patients will likely be used in the next phase of the EHR development process to increase the relevance of reference content and notifications sent to patients at the point of care and improve functionality. The increasing adoption of electronic medical records is driving the growth of the clinical alert management market.

Market Inhibiting Factors

Interoperability issues with clinical alarm management

The lack of compatibility is a major obstacle to the successful deployment of clinical alert management solutions and services. Electronic systems must be able to communicate with each other in order to integrate and analyze data. Without proper data sharing and analysis, clinical alarm management is not effective.

According to the National Electronic Health Records Survey conducted between 2015 and 2017, approximately 10 percent of physicians were able to send, receive, and integrate health records with their respective EHR systems. The majority of hospitals are not able to carry out all four information sharing activities. although many of these hospitals may conduct some information sharing activities that support interoperability. The lack of interoperability is hampering the growth of the clinical alert management market.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenarios
2.2 Key factors affecting the market
2.2.1 Market Drivers
2.2.2 Market Restrictions

Chapter 3. Competitive Analysis – Global
3.1 Cardinal Matrix
3.2 Recent Industry-Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Enhancements
3.2.3 Acquisition and Mergers
3.2.4 Approvals and Tests
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key strategic moves: (Product launches and product enhancements: Jan 2018 – Jun 2022) Leading players

Chapter 4. Global Clinical Alert Management Market by Component
4.1 Global Solutions Market by Regions
4.2 Global Service Market by Regions

Chapter 5. Global Clinical Alert Management Market by End-User
5.1 Global Hospital Market by Regions
5.2 Global Long-Term Care Centers Market by Regions
5.3 Global Ambulatory Care Centers and Home Care Settings Passive CDSS Market by Regions

Chapter 6. Global Clinical Alert Management Market by Product
6.1 Global Nurse Call Systems Market by Region
6.2 Global Physiological Monitors Market by Regions
6.3 Global EMR Integration Systems Market by Regions
6.4 Global Ventilators Market by Regions
6.5 Global Others Market by Regions

Chapter 7. Global Clinical Alert Management Market by Region

Chapter 8. Company Profiles
8.1 Royal Philips NV
8.1.1 Corporate Overview
8.1.2 Financial Analysis
8.1.3 Segment and Regional Analysis
8.1.4 Research and Development Costs
8.1.5 Recent policies and developments:
8.1.5.1 Product launches and product enhancements:
8.1.5.2 Acquisitions and Mergers:
8.1.5.3 Approvals and tests:
8.2 General Electric (GE) Co (GE Healthcare)
8.2.1 Corporate Overview
8.2.2 Financial Analysis
8.2.3 Segment and Regional Analysis
8.2.4 Research and Development Costs
8.2.5 Recent policies and developments:
8.2.5.1 Product launches and product enhancements:
8.2.6 SWOT Analysis
8.3 Ascom Holding Ltd
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segment and Regional Analysis
8.3.4 Research and Development Costs
8.3.5 Recent policies and developments:
8.3.5.1 Product launches and product enhancements:
8.3.5.2 Acquisitions and Mergers:
8.3.5.3 Approvals and tests:
8.4 CORNELL Communications, Inc.
8.4.1 Company Overview
8.5 Masimo Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research and Development Costs
8.6 Medtronic PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segment and Regional Analysis
8.6.4 Research and Development Costs
8.6.5 Recent policies and developments:
8.6.5.1 Partnerships, collaborations and agreements:
8.6.5.2 Approvals and Trails:
8.6.6 SWOT Analysis
8.7 Spok Holdings, Inc. (Spok, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Research and Development Costs
8.7.4 Recent policies and developments:
8.7.4.1 Partnerships, collaborations and agreements:
8.7.4.2 Product launches and product enhancements:
8.8 Johnson Controls International PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segment and Regional Analysis
8.8.4 Research and Development Costs
8.9 Baxter International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research and Development Costs
8.9.5 Recent Strategies and Developments:
8.9.5.1 Product launches and product enhancements:
8.10. Vocera Communications, Inc. (Stryker Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segment and Regional Analysis
8.10.4 Research and Development Costs
8.10.5 Recent policies and developments:
8.10.5.1 Partnerships, collaborations and agreements:
8.10.5.2 Product launches and product enhancements:
8.10.5.3 Acquisitions and Mergers:

For more information about this report, visit https://www.researchandmarkets.com/r/4o8i7g

Appendix

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