In 2023, the clinical alarm management market is expected to be worth US$ 3.0 billion. It is predicted to reach US$ 6.2 billion by 2033, rising at 7.5% CAGR from 2023 to 2033.
Report Attribute
Details
Clinical Alarm Management Market Value (2023)
US$ 3.0 billion
Clinical Alarm Management Market Anticipated Value (2033)
US$ 6.2 billion
Clinical Alarm Management Market Growth Rate (2023 to 2033)
7.5% CAGR
The rise of alarm fatigue as a phenomenon and the growing demand for cost containment in various healthcare settings are projected to drive the use of novel clinical alarm management systems, consequently expanding the clinical alarm management market. Clinical alarm management is decreasing needless alarms in a medical setting.
The rising difficulty of hospital employees identifying the urgency of medical attention required by a patient and the increasing risk of false alarms causing mistakes in hospital management has increased the demand for intelligent clinical alarm systems. This, together with the increasing prevalence of clinician burnout and exhaustion among hospital staff, is expected to boost clinical alarm management market expansion. Furthermore, older alarm systems are less precise in tracking patient vitals, resulting in longer hospital stays and increasing the need for modern integrated CAM systems.
Rising obstacles in the healthcare system, such as personnel shortages, increased workload resulting in errors in patient care, and enhanced patient reactions with intelligent alarm management systems, have aided market growth.
The clinical alarm management system is expected to grow exponentially during the forecasted period. This attributes to the growing need for clinical decision support tools, central monitoring systems, mobility solutions, clinical alarm reporting software, and alarm auditing software across the geriatric population globally.
Factors such as rapid adoption of big data analytics, growing demand for clinical alarm management systems, and increasing adoption of clinical decision supporting tools are set to drive the global demand.
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2017 to 2022 Clinical Alarm Management Market Outlook in Comparison to 2023 to 2033 Growth Forecast
The clinical alarm management market was worth US$ 2.8 billion in 2022 and is predicted to expand at a 7.5% CAGR during the forecast period. The absolute dollar growth in the global market is US$ 3.0 billion.
Previously, only a few medical gadgets in hospitals featured an alert feature. Since then, the situation has flipped. Most medical gadgets include an alarm function. A variety of devices, including respiratory monitoring equipment, infusion pumps, bed, or chair alarms, feeding pumps, wound vacuum devices, cardiac monitors, ventilators, patient call systems, and sequential compression devices, create alerts in acute care units.
Manufacturers of specific devices have established criteria for alarm sounds. Caregivers are responsible for distinguishing auditory alarms and reacting appropriately based on the situation and the importance of the alarm sound. An alarm is an immediate warning designed to draw caretakers' attention to the device's various characteristics.
Device alarms are predefined, with various levels, categories, or alternatives that may or may not follow a hierarchical order. A physiologic monitor's hierarchical order is detection of a life-threatening situation (crisis alarm), detection of a life-threatening device malfunction (system failure), detection of an impending danger (warning alarm), detection of potential device malfunction (system warning), and detection of an unsafe situation (advisory alarm).
The type of sound released determines the severity of a specific warning. Clinicians or technicians notice and use alarm sounds to determine how quickly or what to respond to. Alarms in therapeutic devices lack hierarchical structure, so the alarm sounds the same rhythm regardless of the situation.
Comparative Analysis of Adjacent Markets
Clinical Alarm Management Market:
Differentiating Aspects
Clinical Alarm Management Market
Anticipated CAGR (2023 to 2033)
7.5%
Market Valuation (2023)
US$ 3.0 billion
Growth Factors
Alarm fatigue is on the rise, and electronic health records are getting increasingly popular
Future Opportunities
Increasing demand for electronic health records
Market Trends
Increasing need for equipment used in disease diagnosis, treatment, monitoring, and management
Clinical Diagnostics Market:
Differentiating Aspects
Clinical Diagnostics Market
Anticipated CAGR (2023 to 2033)
6.3%
Market Valuation (2023)
US$ 7 billion
Growth Factors
Growing rate of chronic diseases increased the need for individualized medication expanding geriatric population base, and growing patient awareness towards disease diagnostics
Future Opportunities
Growing demand for advanced diagnostics solution
Market Trends
Increasing use of AI to diagnose several chronic disease and reduce human errors
Clinical Workflow Solutions Market:
Differentiating Aspects
Clinical Workflow Solutions Market
Anticipated CAGR (2023 to 2033)
12.8%
Market Valuation (2023)
US$ 10.55 billion
Growth Factors
Surge in workflow solutions for smooth clinical process such as updating patients records
Future Opportunities
Allowing the continuous flow of real-time health data, resulting in better-informed care decisions and results?
Market Trends
Monitoring workflow that is mainly used in hospital to enhance diagnostics and enable collaboration
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Clinical Alarm Management Market Driver
Increasing Effect of Alarm fatigue
Alarm fatigue has developed in recent years, owing mostly to an increase in alarm-based devices, an increase in patients connected to various devices, and a lack of uniformity among devices. Alarm weariness, caused by the high frequency of alarms, can desensitize healthcare professionals, resulting in alarms being disregarded or turned off.
Potentially urgent notifications may be overruled or avoided as a result, resulting in severe consequences and future strains on hospital resources. In addition to causing annoyance and worry, erroneous, and bothersome alarms can keep patients from sleeping and impede rehabilitation.
Alarm risks ranks second in patient safety issue according to the ECRI Institute published in its Top 10 Health Technology Hazards. According to the ECRI Institute, the United States FDA received 216 reports of alarm-related deaths. Furthermore, according to the United States Joint Commission the leading standards and accrediting agency in healthcare in the, 85-99% of alarms do not necessitate rapid clinical intervention.
Gaining Popularity of Electronic Health Records
Electronic health records frequently contain complicated, private, and unstructured patient data. To take advantage of the opportunities for improving patient care, the barrier of incorporating this knowledge into the healthcare delivery process must be addressed. Even though EHRs have been in use for more than 10 years, the market has accelerated due to national government initiatives aimed at improving patient protection.
Context-specific data regarding the clinical care setting and patients will most likely be employed in the next phase of EHR development to increase the relevance of reference content and alerts delivered to patients now of treatment, as well as to improve functionality. The increased use of electronic health records is propelling the clinical alarm management industry forward.
Factors Affecting the Demand for Clinical Alarm Management Market
Growing geriatric populations coupled with chronic diseases across the globe is expected to spur the demand for the clinical alarm management market. According to the World Ageing Population (WAP) data, across the globe, people aged 65 years and above with chronic disease is expected to reach 1,500 million by 2050.
Such older population are more susceptible to cataracts and refractive errors, hearing loss, neck, back pain and osteoarthritis, diabetes, chronic obstructive pulmonary disease, dementia, and depression. Clinical alarm management solutions and services helps such patients who are either aged patients or critically ill or requirement of continuous management and monitoring of their wellness and health.
Interoperability Issues may Limit the Market Growth
Interoperability is a key impediment to the efficient application of clinical alarm management solutions and services. Interoperability is a critical prerequisite for data integration and analysis operations. Clinical alarm management cannot be efficient without sufficient data interchange and analysis.
Even while many of these hospitals can undertake some information exchange activities that enable interoperability, most hospitals are unable to perform all four information exchange activities. The clinical alarm management market's expansion is hampered by a lack of interoperability.
The market is hampered by the high costs of medical device connection, which makes it difficult for small-scale healthcare facilities to embrace. Aside from that, the potential of data breaches, the absence of a consistent interface to use while utilizing the devices, and interoperability issues are also impediments to market expansion.
EHR Adoption may Enhance Market Expansion
In general, electronic health records contain complicated, private, and frequently unstructured patient data. Integrating this data into the healthcare delivery process is a problem that must be overcome in order to fulfil the potential for improved patient care. Even though EHRs have been in use for over a decade, the market has accelerated due to government initiatives in several nations aimed at increasing patient protection.
The next stage of the EHR development process will most likely involve the utilization of context-specific information about the clinical care setting and patients to refine functionality and increase the relevancy of reference content and alerts sent to patients at the point of care. When EHRs can extract additional patient context from the medical records recorded in the patient's profile, that information can affect alerts sent to physicians, making them less voluminous and more relevant.
With EHR system market growth predicted to be in the double digits, hospitals will increasingly focus on expanding their capabilities through the integration of various hospital systems with EHRs. This, in turn, is likely to provide market participants with new growth prospects in the following years.
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Segment of Long-term Care Expected to Grow profitably
Long-term care facilities are healthcare facilities that offer a wide range of services, including medical and personal care, to persons who are unable to live independently and to geriatric patients. When a person has a serious, ongoing health condition or impairment, they typically require long-term care. Long-term care may be required unexpectedly, such as after a heart attack or stroke.
Clinical alarm management services and solutions are crucial in long-term care facilities since the patients are either seriously ill or elderly and require ongoing monitoring and management of their health and wellness. The rising prevalence of chronic diseases, together with the world's growing elderly population, are the primary factors pushing the market sector under consideration.
Hearing loss, cataracts, and refractive errors are all common among the elderly, as are back and neck stiffness and osteoarthritis, chronic obstructive pulmonary disease, diabetes, depression, and dementia. This reflects the increasing need for equipment used in disease diagnosis, treatment, monitoring, and management. As a result of the foregoing considerations, the use of clinical alarm management solutions and services is predicted to increase significantly throughout the forecast period.
Traditional Healthcare Practice may Restraint the Market
Many traditional healthcare practitioners are currently unwilling to employ clinical alarmmanagement technologies, owing to a lack of IT competence. Some people believe that the noise and turmoil created by sirens are typical; so, using these solutions is a time-consuming activity with little or no clinical value.
Adoption of these solutions could be increased by raising awareness and providing inputs or incentives to nurses and carers who promote the usage of clinical alarm management. Engaging physicians during the software development and pilot testing phases of these solutions might also help to raise awareness.
This would also help to ensure the solution's therapeutic relevance and hence promote its efficacy in obtaining clinical benefits. Although, clinical alarm management technologies are rapidly becoming more popular, a lack of awareness and acceptance may slow the market expansion.
The Hospitals and Clinics Industry is Predicted to have a Sizable Revenue Share.
The hospital and clinic are expected to expand during the projected period due to the growing requirement to eliminate insignificant clinical alarms and alerts in order to reduce alarm fatigue. Because of increasing patients and the increased necessity for monitoring critical patients, hospitals and clinics are experiencing alarm fatigue. The need for smart alarms to meet the expanding requirement for alarm fatigue reduction is expected to boost the segment's growth.
The clinical alarm management market is witnessing an increase in the popularity of triaging systems among hospitals, which aid in the cross-communication of crucial alarms to doctors and nurses. This combined ability of hospital triaging systems to suit specific demands is expected to enhance the segment's growth.
Why is the Demand for Solution Segment Increasing?
By component, solution segment is expected to contribute the revenue share of more than 64.4% in 2022 and is expected to register a CAGR of 36.9% during 2023 to 2033.
Various clinical alarm management solutions such as clinical decision support tool, central monitoring system, clinical alarm reporting software, and alarm auditing software are used in hospitals and clinics. It reduces risks and provide protection for patients. Due to such benefits, the demand for the solution segment has been increasing in coming years.
Why does Hospitals Segment Exhibit High Demand for Clinical Alarm Management Market?
By end user, hospitals segment is expected to record a market share of 37.8% during 2023 to 33 and expected to reach 3.2X by 2033.
As per FMI, hospitals segment shows lucrative growth during forecasted period. This attributes to growing adoption of clinical alarm management solutions by hospitals across the globe. Alarm management system allows hospitals to improve care process and increases the hospital staff and patients’ and satisfaction. It reduces stress, errors and improves the quality of care delivered to the patients. Therefore, the demand for clinical alarm management solutions in hospitals has been increased over the years.
A Glimpse of Country-wise Insights
Country
United States
CAGR (2017 to 2022)
8.4%
Valuation (2023 to 2033)
US$ 2.1 billion
Country
United Kingdom
CAGR (2017 to 2022)
10.3%
Valuation (2023 to 2033)
US$ 423.8 million
Country
China
CAGR (2017 to 2022)
14.1%
Valuation (2023 to 2033)
US$ 376.3 billion
Country
Japan
CAGR (2017 to 2022)
9.4%
Valuation (2023 to 2033)
US$ 196.7 million
Country
India
CAGR (2017 to 2022)
16.9%
Valuation (2023 to 2033)
US$ 317.6 million
Increasing Patient Care Need in North America Drive the Market Growth
North America is expected to grow during the research period due to the existence of the increasing patient population. This is increasing the demand for North American healthcare providers to embrace advanced clinical alerting solutions to fulfil their expanding patient care needs.
The region is also expected to grow use of novel clinical alarm management solutions as healthcare institutions seek to centralize and speed up existing alarm management systems. This is encouraging leading healthcare organizations to integrate cloud-based alarm management solutions, which provide significant benefits such as control over access management, alarms, and clinical surveillance.
Suring Chronic Disease in Europe Demands Immediate Attention
Europe is predicted to expand during the forecast period due to a high prevalence of chronic disease among the patient population, which would increase demand for patient admissions. According to a report, in European Union, chronic disease accounts for nearly 80% of the healthcare cost. This, combined with an ageing population prone to acquiring diseases requiring continual patient monitoring in several nations, is expected to fuel regional market expansion.
Why is Demand for Clinical Alarm Management Market Increasing in China?
China is expected to secure a valuation of US$ 376.3 billion during the forecast period. For instance, in May 2019, Shenzhen Mindray Bio-Medical Electronics announced partnership with Masimo. Through this partnership company able to offer Low Perfusion pulse oximetry and Masimo SET (Measure-through Motion) that helps to measure Pulse Rate (PR), Oxygen Saturation (SpO2), and perfusion index in monitoring devices. Therefore, increasing investment and development by prominent healthcare companies, is ultimately boosting the clinical alarm management solution demand in China.
How big is the Opportunity for Adoption of Clinical Alarm Management Market in the United Kingdom?
The United Kingdom is predicted to remain one of the most attractive markets during the forecast period. According to the study, the country is expected to account for nearly 22.7% of the Western European market share in 2029.
For instance, in July 2021, 8 new hospitals were built in England. The United Kingdom government is set to construct 40 new hospitals by 2030 across the country. It helps to build a better and transform NHS services and NHS for local communities. Therefore, stringent government rule and regulation and support for development of healthcare sector in the country ultimately propels the demand for the clinical alarm managements market.
How will the Sales Prospects for Clinical Alarm Management Market unfold in the United States?
The United States is expected to secure a valuation of US$ 2.1 billion during the forecast period. The United States has developed numerous advanced infrastructure for healthcare sector and witnessed presence of prominent key players like Medtronic, GE Healthcare, Connexall, Vocera, and others. Thus, presence of such key vendors in the country ultimately fuels the demand for the clinical alarm management market in the country.
Competitive Insight
Key Players Operating in the Global Market include
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Key Segment
By Component:
Solution
Clinical Decision Support Tool
Central Monitoring System
Mobility Solution
Clinical Alarm Reporting Software
Alarm Auditing Software
Service
Consulting
Implementation and Integration
Monitoring and Analytics
By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Long-term and Palliative Care Centers
Home Care
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
The Middle East & Africa
Frequently Asked Questions
What is the Current Size of the Clinical Alarm Management Market?
The current market size is around US$ 3 billion in 2023.
What will be the Growth Rate for the Overall Global Clinical Alarm Management Market?
The global market could develop at an impressive 7.5% CAGR until 2033.
Which Region has Massive Share in Global Clinical Alarm Management Market?
China market is projected to witness a value growth of US$ 376.3 billion through 2033..
How the United States will Progress its Clinical Alarm Management Market?
The overall valuation could achieve an increment of US$ 2.1 billion through 2033.
Which is the Emerging Regional Market for Clinical Alarm Management Services?
India market is emerging with an anticipated 16.9% CAGR until 2033.
Table of Content
1. Executive Summary | Clinical Alarm Management Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Analysis 2017-2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2017-2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Analysis 2017-2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2017-2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Solutions
5.3.1.1. Clinical Decision Support Tools
5.3.1.2. Central Monitoring Systems
5.3.1.3. Mobility Solutions
5.3.1.4. Clinical Alarm Reporting Software
5.3.1.5. Alarm Auditing Software
5.3.2. Services
5.3.2.1. Consulting Services
5.3.2.2. Implementation & Integration Services
5.3.2.3. Monitoring and Analytics Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2017-2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Analysis 2017-2022 and Forecast 2023 to 2033, By End-User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End-User, 2017-2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User, 2023 to 2033
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgical Centers
6.3.4. Long Term and Pallitive Care Centers
6.3.5. Home Care
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By End-User, 2017-2022
6.5. Absolute $ Opportunity Analysis By End-User, 2023 to 2033
7. Global Analysis 2017-2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017-2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. APEJ
7.3.5. Japan
7.3.6. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Analysis 2017-2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017-2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Component
8.2.3. By End-User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Component
8.3.3. By End-User
8.4. Key Takeaways
9. Latin America Analysis 2017-2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017-2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Component
9.2.3. By End-User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By End-User
9.4. Key Takeaways
10. Europe Analysis 2017-2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017-2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Component
10.2.3. By End-User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By End-User
10.4. Key Takeaways
11. APEJ Analysis 2017-2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017-2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. India
11.2.1.3. Australia & New Zealand
11.2.1.4. ASEAN
11.2.1.5. Rest of APEJ
11.2.2. By Component
11.2.3. By End-User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By End-User
11.4. Key Takeaways
12. Japan Analysis 2017-2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017-2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.2. By Component
12.2.3. By End-User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By End-User
12.4. Key Takeaways
13. MEA Analysis 2017-2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017-2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Rest of MEA
13.2.2. By Component
13.2.3. By End-User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By End-User
13.4. Key Takeaways
14. Key Countries Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Component
14.1.2.2. By End-User
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Component
14.2.2.2. By End-User
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Component
14.3.2.2. By End-User
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Component
14.4.2.2. By End-User
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Component
14.5.2.2. By End-User
14.6. United kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Component
14.6.2.2. By End-User
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Component
14.7.2.2. By End-User
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Component
14.8.2.2. By End-User
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Component
14.9.2.2. By End-User
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Component
14.10.2.2. By End-User
14.11. India
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Component
14.11.2.2. By End-User
14.12. Australia & New Zealand
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Component
14.12.2.2. By End-User
14.13. ASEAN
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Component
14.13.2.2. By End-User
14.14. Japan
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Component
14.14.2.2. By End-User
14.15. GCC Countries
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Component
14.15.2.2. By End-User
14.16. South Africa
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Component
14.16.2.2. By End-User
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Component
15.3.3. By End-User
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Medtronic
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. GE Healthcare
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. Koninklijke Philips N.V.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. Baxter
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. Connexall
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. Mindray Medical International Limited
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Vocera
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Drager
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. Spok Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Drägerwerk AG & Co. KGaA
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used18. Research Methodology
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List of Tables
Table 1: Global Value (US$ Million) Forecast by Region, 2017 to 2033
Table 2: Global Value (US$ Million) Forecast by Component, 2017 to 2033
Table 3: Global Value (US$ Million) Forecast by End-User, 2017 to 2033
Table 4: North America Value (US$ Million) Forecast by Country, 2017 to 2033
Table 5: North America Value (US$ Million) Forecast by Component, 2017 to 2033
Table 6: North America Value (US$ Million) Forecast by End-User, 2017 to 2033
Table 7: Latin America Value (US$ Million) Forecast by Country, 2017 to 2033
Table 8: Latin America Value (US$ Million) Forecast by Component, 2017 to 2033
Table 9: Latin America Value (US$ Million) Forecast by End-User, 2017 to 2033
Table 10: Europe Value (US$ Million) Forecast by Country, 2017 to 2033
Table 11: Europe Value (US$ Million) Forecast by Component, 2017 to 2033
Table 12: Europe Value (US$ Million) Forecast by End-User, 2017 to 2033
Table 13: APEJ Value (US$ Million) Forecast by Country, 2017 to 2033
Table 14: APEJ Value (US$ Million) Forecast by Component, 2017 to 2033
Table 15: APEJ Value (US$ Million) Forecast by End-User, 2017 to 2033
Table 16: Japan Value (US$ Million) Forecast by Country, 2017 to 2033
Table 17: Japan Value (US$ Million) Forecast by Component, 2017 to 2033
Table 18: Japan Value (US$ Million) Forecast by End-User, 2017 to 2033
Table 19: MEA Value (US$ Million) Forecast by Country, 2017 to 2033
Table 20: MEA Value (US$ Million) Forecast by Component, 2017 to 2033
Table 21: MEA Value (US$ Million) Forecast by End-User, 2017 to 2033
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List of Charts
Figure 1: Global Value (US$ Million) by Component, 2023 to 2033
Figure 2: Global Value (US$ Million) by End-User, 2023 to 2033
Figure 3: Global Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Value (US$ Million) Analysis by Region, 2017 to 2033
Figure 5: Global Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 8: Global Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 9: Global Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 10: Global Value (US$ Million) Analysis by End-User, 2017 to 2033
Figure 11: Global Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 12: Global Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 13: Global Attractiveness by Component, 2023 to 2033
Figure 14: Global Attractiveness by End-User, 2023 to 2033
Figure 15: Global Attractiveness by Region, 2023 to 2033
Figure 16: North America Value (US$ Million) by Component, 2023 to 2033
Figure 17: North America Value (US$ Million) by End-User, 2023 to 2033
Figure 18: North America Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 20: North America Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 23: North America Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 24: North America Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 25: North America Value (US$ Million) Analysis by End-User, 2017 to 2033
Figure 26: North America Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 27: North America Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 28: North America Attractiveness by Component, 2023 to 2033
Figure 29: North America Attractiveness by End-User, 2023 to 2033
Figure 30: North America Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Value (US$ Million) by Component, 2023 to 2033
Figure 32: Latin America Value (US$ Million) by End-User, 2023 to 2033
Figure 33: Latin America Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 35: Latin America Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 38: Latin America Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 39: Latin America Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 40: Latin America Value (US$ Million) Analysis by End-User, 2017 to 2033
Figure 41: Latin America Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 42: Latin America Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 43: Latin America Attractiveness by Component, 2023 to 2033
Figure 44: Latin America Attractiveness by End-User, 2023 to 2033
Figure 45: Latin America Attractiveness by Country, 2023 to 2033
Figure 46: Europe Value (US$ Million) by Component, 2023 to 2033
Figure 47: Europe Value (US$ Million) by End-User, 2023 to 2033
Figure 48: Europe Value (US$ Million) by Country, 2023 to 2033
Figure 49: Europe Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 50: Europe Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Europe Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Europe Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 53: Europe Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 54: Europe Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 55: Europe Value (US$ Million) Analysis by End-User, 2017 to 2033
Figure 56: Europe Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 57: Europe Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 58: Europe Attractiveness by Component, 2023 to 2033
Figure 59: Europe Attractiveness by End-User, 2023 to 2033
Figure 60: Europe Attractiveness by Country, 2023 to 2033
Figure 61: APEJ Value (US$ Million) by Component, 2023 to 2033
Figure 62: APEJ Value (US$ Million) by End-User, 2023 to 2033
Figure 63: APEJ Value (US$ Million) by Country, 2023 to 2033
Figure 64: APEJ Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 65: APEJ Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: APEJ Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: APEJ Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 68: APEJ Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 69: APEJ Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 70: APEJ Value (US$ Million) Analysis by End-User, 2017 to 2033
Figure 71: APEJ Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 72: APEJ Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 73: APEJ Attractiveness by Component, 2023 to 2033
Figure 74: APEJ Attractiveness by End-User, 2023 to 2033
Figure 75: APEJ Attractiveness by Country, 2023 to 2033
Figure 76: Japan Value (US$ Million) by Component, 2023 to 2033
Figure 77: Japan Value (US$ Million) by End-User, 2023 to 2033
Figure 78: Japan Value (US$ Million) by Country, 2023 to 2033
Figure 79: Japan Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 80: Japan Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: Japan Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: Japan Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 83: Japan Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 84: Japan Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 85: Japan Value (US$ Million) Analysis by End-User, 2017 to 2033
Figure 86: Japan Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 87: Japan Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 88: Japan Attractiveness by Component, 2023 to 2033
Figure 89: Japan Attractiveness by End-User, 2023 to 2033
Figure 90: Japan Attractiveness by Country, 2023 to 2033
Figure 91: MEA Value (US$ Million) by Component, 2023 to 2033
Figure 92: MEA Value (US$ Million) by End-User, 2023 to 2033
Figure 93: MEA Value (US$ Million) by Country, 2023 to 2033
Figure 94: MEA Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 95: MEA Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: MEA Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: MEA Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 98: MEA Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 99: MEA Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 100: MEA Value (US$ Million) Analysis by End-User, 2017 to 2033
Figure 101: MEA Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 102: MEA Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 103: MEA Attractiveness by Component, 2023 to 2033
Figure 104: MEA Attractiveness by End-User, 2023 to 2033
Figure 105: MEA Attractiveness by Country, 2023 to 2033
