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Medical Alert Systems (MAS) Market Revenue Opportunities By Top Key Vendors AlertOne Services, LLC. Bay Alarm Medical, CarelineUK Monitoring Limited, LifeStation, Inc., and Koninklijke Philips N.V.

09-27-2018 06:13 PM CET | Health & Medicine

Press release from: Coherent Market Insights - Healthcare IT

Medical-Alert-Systems-(MAS)-Industry

Medical-Alert-Systems-(MAS)-Industry

Medical alert systems (MAS), also known as Personal Emergency Response System (PERS), are alarm systems designed to alert linked healthcare facilities in case of any medical hazard or injury requiring immediate medical attention. Medical alert systems are usually marketed with a wireless transmitter designed as a pendant, which can be activated in a medical emergency. Disabled and elderly people who do not live with their family members are the major users of these systems. Currently, the medical alert systems market is highly attractive due to rapidly aging population and increasing awareness among the populace.

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Devices With Comprehensive Range Of Features Are A Threat To Standalone MAS Devices

There are new devices being launched with additional features. Philips launched a new MAS device, GoSafe which has an auto-alert fall-detection and GPS tracking. Even wearables by Fitbit come with medical alert systems, in addition to their usual health tracking features. Stealth Technologies, Inc. also launched a device—911 Help Now—with no recurring monthly charge. These devices are a major threat for standalone MAS devices.

The medical alert systems market is projected to witness admirable growth due to increasing preference for emergency alert consoles, rapidly aging population, and increasing demand for medical alert systems in nursing homes and old age care facilities. However, product availability and pricing would be decisive factors shaping market growth.

Medical Alert Systems Market Is Fragmented -

The global medical alert systems market is highly fragmented, owing to participation of many established and emerging players in the market. Major players involved in the MAS market include 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..

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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

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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