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Medical Alert Systems (MAS) Market - AlertOne Services, LLC. Bay Alarm Medical, CarelineUK Monitoring Limited
Medical Alert Systems (MAS) Market
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Developed Economies still to achieve maturity for the medical alert systems market
Developed economies such as the U.S., Canada, U.K., Germany, and Japan are characterized by high adoption rate of emergency alert systems from the large geriatric population. Moreover, due to high incidence rates of injuries due to fall from beds and upper bunks, the market for medical alert systems is expected to grow further in developed regions. According to the Centers for Disease Control and Prevention (CDC), one in three senior citizens aged 65 and above, fall down from bed and upper bunks each year, in the U.S., and 20% to 30% of them suffer from serious injuries due to the fall. However, with certain issues in the current medical alert systems, there is an immense scope for technological development in the device. For instance, Lifestation, Inc. is facing a lawsuit filed by a customer claiming to receive unsolicited calls on his cellphone from the Lifestation MSA device. Moreover, limited reimbursement for this device is hindering demand in the U.S. and Canada.
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Key Vendors of Medical Alert Systems (MAS) Market: AlertOne Services, LLC. Bay Alarm Medical, CarelineUK Monitoring Limited, Galaxy Medical Alert Systems, Ltd., Life Alert Emergency Response, Inc., LifeStation, Inc., and Koninklijke Philips N.V.
High demand for monitored systems
The global medical alert systems market comprises of devices with different functions and features decides the end price of the product. The market has been segmented on the basis of device type, technology, and end users as follows:
Type of medical alert systems:
Mobile
Landline
Standalone/Wall-Mounted Devices
Medical alert system technologies:
Two-way voice systems
Unmonitored medical alert systems
Medical Alert Alarm (Button) System
End users of medical alert systems:
Senior care centers
Nursing homes
Old age homes
Hospitals
Individual patients
Increasing consumer awareness about the technology and its various benefits is creating a highly conducive environment for growth of the market.
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