Medical Alert Systems Market to Witness Huge Growth by Key Players: Koninklijke Philips, Connect America, Valued Relationships, Guardian Alarm, Alertone Services, ADT Corporation and Others.
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The Medical Alert Systems Market is estimated to be worth USD 6.5 Billion in 2020 and is expected to reach USD 9.6 Billion by 2025, at a CAGR of 7.9% from 2020 to 2025. This report spread across 170 Pages, Profiling 12 Companies and Supported with 146 Tables and 35 figures is now available in this research.
Top Companies profiled in the Medical Alert Systems Market:
o Koninklijke Philips (Netherlands)
o Connect America (US)
o Valued Relationships (VRI) (US)
o Guardian Alarm (US)
o Alertone Services (US)
o ADT Corporation (US)
o LifeFone (US)
o Bay Alarm (US)
o Medical Guardian (US)
o MobileHelp (US)
o Nortek Security and Control (Numera) (US)
o Galaxy Medical Alert Systems (Canada)
o Response Now (US)
o LifeStation (US)
o Rescue Alert (US)
o Better Alerts (US)
o GreatCall (US)
o Electronic Caregiver (US)
o Blue Linea (France)
o Vanguard Wireless (Australia)
o Tango Technologies (US)
"The market for wireless devices estimated to grow at the highest CAGR during the forecast period"
The adoption of wireless medical alert systems among senior citizens has been increasing and is expected to grow at the highest rate during the forecast period. The increase in adoption is due to the mobility it provides to the elders as it can be used from anywhere to get the emergency services. Moreover, the introduction of smart wearable devices is another major factor which is driving growth for the wireless medical alert systems market.
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"The market for home-based users estimated to grow at highest CAGR during the forecast period"
The home-based users form a major chunk of the medical alert systems market and are expected to grow at the highest CAGR during the forecast period. The elderly individuals suffering from diabetes, Chronic obstructive pulmonary disease (COPD), heart diseases are proneto falls which could lead to major injuries if not treated at the right time. The medical alert systems provide the elderly adult's independence at home and can avail the emergency services whenever they need it.
"The market for smart belts is estimated to grow at the highest CAGR during the forecast period"
The smart belt market is expected to grow at the highest CAGR during the forecast period. The major factor contributing towards the growth of this segment includes mobility aspect of the belt which provides the convenience to the elderly citizens. These belts reduce the impact of the falls which are common in elderly individuals which reduces the hospital admissions and severe injuries among the elders.
Competitive Landscape of Medical Alert Systems Market:
2 Market Rank Analysis
3 Competitive Scenario
4 Medical Alert Systems Market (Global): Competitive Leadership Mapping, 2019
4.1 Visionary Leaders
4.2 Dynamic Differentiators
4.4 Emerging Companies
5 Business Strategy Analysis
6 Product Portfolio Analysis
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This report covers the medical alert systems market based on system type, connection type, end-user, and region. The market based on component has been segmented into a personal emergency response system (PERS), nurse call systems (NCS) and smart belt. Based on the connection type. The market has been segmented into wired and wireless networks. Based on application, the market has been segmented into home-based users, hospitals and clinics, senior living facilities, assisted living facilities and others.
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