Clinical Alarm Management Market US$ 4 Billion by End 2027 - Future Market Insights

Valley Cottage, NY, December 11, 2017 (Newswire.com) - The US Department of Health and Human Services has a number of reimbursement models for bundled payments. Medicaid and Medicare services are trying to achieve greater consistency for cancer treatment and cost predictability by adopting clinical decision tools. These tools play a critical role in transforming safety, efficiency, and quality in healthcare as the tools provide both timely and highly relevant information to clinicians and physicians at a much lower cost of care. Furthermore, clinical decision support tools include order sets for a specific patient or particular condition and the recommendations can be customized to alert healthcare professionals in situations that are potentially harmful.

US Dominates North America Clinical Alarm Management Market

The U.S is anticipated to be the most attractive market in the North America clinical alarm management market on account of a robust healthcare system, strong government support, and a willingness to use the latest technology. Nonetheless, it would be unwise to ignore Canada entirely as the country is expected to register high Y-o-Y growth rates throughout the forecast period. The US clinical alarm management should exceed a value of US$ 660 million in 2017, and key stakeholders in the clinical alarm management market are recommended to target it with all guns blazing.

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Close Call Between Germany and UK in Western Europe Clinical Alarm Management Market

Germany and the UK are the most attractive markets in the Western Europe clinical alarm management market. Germany is projected to expand at a CAGR of 11% from the period 2017 – 2027 and have a market attractiveness index of 5.0 during this period. The solutions segment has immense potential in the Western Europe clinical alarm management market and is expected to cross a value of US$ 270 million in 2017. In terms of end-users, the hospital segment is likely to witness steady growth throughout the course of the forecast period.

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Focus on Russia in Eastern Europe Clinical Alarm Management Market

Russia had a market share of 37% of the Eastern Europe clinical alarm management market at the end of 2016 and is on track to retain this share for the foreseeable future. The Russia clinical alarm management segment is estimated to push past US$ 54 million by end 2027. Poland is the second largest clinical alarm management market in Eastern Europe and it wouldn’t be surprising if key stakeholders targeted these two behemoths at the expense of others in the Eastern Europe clinical alarm management market.

Brazil has Lion’s Share in Latin America Clinical Alarm Management Market

Brazil has maximum market share in the Latin America clinical alarm management market and had 3/5th share in 2016 alone. Brazil is considerably larger than Mexico and the rest of Latin American countries in terms of value. The solution component is most popular in this emerging region and could well be worth more than US$ 110 million in 2027.

China and India Have Urgent Need of Hospitals in APEJ​

Booming economic growth in the APEJ region has made citizens of countries such as China and India demand quality healthcare infrastructure such as that seen in the west. The APEJ hospital segment could see an exponential CAGR of 12.7% for period and have a value of just under US$ 400 million by the end of the forecast period.

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Source: Future Market Insights