Hence, the COVID-19 pandemic fueled market growth in 20.Īlarm fatigue faced by nurses as a result of clinical alarms and false alarms is driving the need for proper alarm management solutions in healthcare facilities. Various healthcare facilities also started adopting various alarm management solutions for providing timely treatment to patients. To curb the spread of the COVID-19 pandemic, government institutions across various nations established various COVID-19 alert systems for providing policy directives and situational awareness for the general public. Read 150 page market research report, " Clinical Alarm Management Market Size, Share & Trends Analysis Report By Product (Nurse Call Systems, Bed Alarms), By Component (Solutions, Services), By Region, And Segment Forecasts, 2021 - 2028 ", by Grand View Research North America is likely to hold the largest revenue share of more than 45% in 2020 owing to the increasing need for integrated Healthcare IT systems to make certain the reliability, data integrity, and efficient maintenance of dataĪsia Pacific is estimated to witness the fastest CAGR of 31.3% during the forecast period owing to the growing adoption of technologically advanced solutions The services component segment is expected to witness the fastest growth rate of 28.2% during the projected period owing to initiatives by public and private health institutions, increasing service offerings by key market players, and growing demand to minimize risks to patient safetyīy end-use, the hospitals and clinics segment held the largest revenue share of over 26% in 2020 and the long-term care facilities segment is expected to witness the fastest growth rate over the projected period The nurse call systems segment accounted for the largest revenue share of more than 24% in 2020 owing to product developments driven by wireless technology and automation and reduced operating costs