Medical Alert System Market SWOT Analysis by Key Players: Intel Corporation, Lifewatch USA, VitalConnect, Guardian Safety

This report provides in depth study of “Global Medical Alert system Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Global Medical Alert system Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

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The Global Medical Alert System Market is expected to reach USD 10.17 billion by 2025, from USD 6.53 billion in 2017 growing at a CAGR of 5.7% during the forecast period of 2018 to 2025.

Market Segmentation: Global Medical Alert System Market

The Global medical alert system market is segmented based on

• Type,
• End user,
• Geographical segments.

Based on type market is segmented into landline, mobile and standalone.

On the basis of end user market is segmented into

• Home-based users,
• Senior living facilities,
• Assisted living facilities.

Based on geography the market report covers data points for 28 countries across multiple geographies namely

• North America
• South America,
• Europe,
• Asia-Pacific
• Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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Key market players include:

• ADT Corporation,
• Alertone Services Llc.,
• American Senior Safety Agency (US),
• Bay Alarm Medical,
• Blue Willow Systems,
• Connect America,
• Critical Signal Technologies,
• Galaxy Medical Alert System,
• Greatcall (US),
• Guardian Alarm,
• Intel Corporation,
• Koninklijke Philips N.V.,
• Legrand (UK),
• Life Alert Emergency Response, Inc. (US)
(more in the report)

Key Developments in the Market: Global Medical Alert System Market

• In February 2015, The ADT Corporation (U.S), announced the expansion of its health product portfolio with the introduction of the wearable On-The-Go Emergency Response System.

• In October 2014, Royal Philips (U.S) announced the availability of Philips Lifeline GoSafe, its mobile medical alert service that is part of Philips’ suite of digital solutions that connect care across the health continuum.

Competitive Analysis: Global Medical Alert System Market

The global Medical alert system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical alert system market for global, Europe, North America, Asia Pacific and South America.

Major Market Drivers and Restraints:

• Rising aging population across the globe
• Technological developments in healthcare wearables
• Healthcare reforms expected to favour growth of PERS market
• Rising penetration of smartphones in healthcare
• Constant innovations in technology and easy adaptability of PERS devices

Reasons to Purchase this Report:

• Current and future of global medical alert system market outlook in the developed and emerging markets.

• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.

• Regions/countries that are expected to witness the fastest growth rates during the forecast period.

• The latest developments, market shares, and strategies that are employed by the major market players.

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