|11-14-2018 03:01 PM CET - Health & Medicine||
Medical Alert System Market Growth & Key Business Strategies by Top Key Companies Like ADT, Intel Corporation, Philips, Legrand, GreatCall, Koninklijke Kentalis, LifeWatch Services, Inc., Connect America, Nortek Security & Control and Medical Guardian
Press release from: Data Bridge Market Research
PR Agency: Data Bridge Market Research
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.
Medical Alert System Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and global market recent progressions. Global Medical Alert System market report studies the industry abilities for each geographical region based on the customer purchasing patterns, macroeconomic parameters, development rate, and market demand and supply states. Medical Alert System market report research provides region and country level analysis. This report provides the market overview which includes Product Category, Applications, and Manufactures.
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The Key Players Operating In the Global Medical Alert System Market Are –
· Intel Corporation
· Koninklijke Kentalis
· LifeWatch Services, Inc.
· Connect America
· Guardian Alarm
· Medical Guardian
· Nortek Security & Control
· Tunstall Americas
· Critical Signal Technologies (CST)
· Guardian 8 Corporation
· Bay Alarm Medical
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A medical alert is an alarm system which is designed to signal or indicate the presence of a hazard requiring urgent attention and to summon emergency medical personnel. The system is having transmitter that can be activated in emergency. After activation of medical alert system signal get transmitted to an alarm monitoring company central station, other emergency number. Medical personnel are then dispatched to the site where the alarm was activated. An medical alarm system consist of emergency transmitter, which is worn like a wristwatch or a pendant and base station, which is connected to the telephone and contains a very sensitive microphone/speaker unit.
Medical alert system market is growing tremendously. For instance, according The National Center for Biotechnology Information, in 2015, for example, total Medicare expenditure was USD 632 billion; approximately 25% of this cost was due to in-hospital care. An additional 10% of the total cost was due to readmissions through emergency transports.
There have been tremendous technological advancements in the field of personal emergency care in the last decade, For instance, MobileHelp carries a cellular in-home alert system, a mobile option, and a pendant with fall detection. Their mobile option connects to the AT&T network so it can be used anywhere with cell service.
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Market Segmentation: Global Medical Alert System Market
The global medical alert system market is segmented based on type, end user, and 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, and 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 and, 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
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.
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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.
Customization of the Report
· All segmentation provided above in this report is represented at country level.
· All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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