Medical Alert Systems Market Size | COVID-19 Impact Analysis | Forecast to 2027

The global medical alert system market was valued at a CAGR of 5% at $6.7 billion in 2016. Growing elderly population, improved healthcare infrastructure, and growing preference for aging are some of the drivers driving the market. According to a report titled'Aging World' by the U.S. Department of Commerce, the world's population was 7.3 billion in 2015, of which 6217.1 million, or about 8.5 percent, were 65 and older. It is estimated that in just 15 years the elderly population will grow by more than 60%.

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Medical Alert Systems Market Segments

By System Type

• Personal Emergency Response Systems (PERS)
• Nurse Call Systems (NCS)
• Ambulatory Auto Alert Systems
• Automated Airborne Flight Alert System
• Smart Belt

By Offering

• Hardware
• Software
• Services (Subscription Revenue)

By Connection Type

• Wired
• Wireless

By Application

• Home-Based Users
• Senior Living Facilities/Senior Care Centers
• Assisted Living Facilities
• Others (Nursing Homes, Hospice)

By Technology

• Two-way Voice Systems
• Unmonitored Medical Alert Systems
• Medical Alert Alarm (Button) System
• IP-based systems
• Others

Major players included in the Medical Alert Systems Market are

• Koninklijke Philips
• Connect America
• Valued Relationships
• Guardian Alarm
• Alertone Services
• Adt Corporation
• Lifefone
• Bay Alarm Medical
• Medical Guardian
• Mobilehelp

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Medical Alert Systems Market Report

• What was the Medical Alert Systems Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Medical Alert Systems Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Medical Alert Systems Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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