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Medical Alert Systems Market Growth 2026: Boosted By Leading Players AlertOne Services, LLC. Bay Alarm Medical, CarelineUK Monitoring Limited, Galaxy Medical Alert Systems, Ltd., LifeStation, Inc.
Medical Alert Systems Market is expected to have a highly positive outlook for the next five years 2018–2026 according to a recently released Medical Alert Systems Market research report. The major takeaways in the report are product segment analysis, application segment analysis, regional segment analysis and data of the major Medical Alert Systems Market players from around the world. The report presents an introductory as well as detailed information about the Medical Alert Systems Market through a well-organized layout divided into easy to understand chapters.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.
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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.
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.
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.
Few devices in the medical alert systems market: Life Alert, LifeStation, Medical Alert, Philips Lifeline, MobileHelp, Bay Alarm Medical, Alert1, Medical Guardian’s MAS and Rescue Alert.
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.
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
The only advantage of non-monitored MAS is that it does not require a monthly fee to be paid to the monitoring company as in the case of two-way voice system and Medical Alert Alarm (Button) System. The monitored MAS on the other hand, helps save time in contacting or alerting the health service provider, does not require updating non-monitored voice dialer, and helps provide emergency help in less time than non-monitored systems.
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.
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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