Medical Alert Systems Market continues to witness growth with LifeStation introducing LifeStation Mobile LTE with the combination of GPS, Wi-Fi, and Bluetooth

Medical Alert Systems usually consists of a pendant worn on a necklace or around the neck which carries an LED light-emitting diode (LED) signal in case of emergency. A Medical Alert System also has a Medical Alert clasp attached to a bracelet which also gives out immediate emergency help by the push of a single button; this makes you immediately in touch with an authorized operator, who dispenses medical help if necessary. As far as geographical impact is concerned, North America seems to be witnessing high traction since there is the presence of robust healthcare infrastructure and technological advancements in the region. On the contrary, Asia Pacific is exhibiting a positive outlook with rising cases of chronic diseases in the region.

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Medical alert systems are typically beneficial for elderly people as they can provide personal emergency responses. As per the World Health Organization (WHO), by 2050, the global population aged 65 years and above is expected to reach around 2 billion increasing from 900 million in 2015. Besides, healthcare literacy is increasing rapidly worldwide, which could lead to increased adoption of these emergency systems. Hence, such factors can stimulate growth of the medical alert systems market.

Medical Alert Systems is available in all sizes and shapes and is affordable to all, regardless of income level. Most importantly, Medical Alert Systems does not require one to leave home, or even be in the hospital for them to work properly. It is a shame to think one can lose their lives due to a lack of timely medical help, but with the availability of the Medical Alert System, this fear can be erased completely. However, there have been numerous cases of false alarms, which pose a major challenge for the market players as well as healthcare providers. Besides, the integration of these alert systems with an established ecosystem could be a major hurdle as well as it has low penetration in emerging economies, which could potentially impede growth of the medical alert systems market.

The medical alert system itself has improved over the years with technological advancements. Latest medical alert systems can offer a fast and easy way for elderly people with health issues or who live alone to help during the time of emergency. These systems are available 24/7 even when there is no one at home to take care of them. Hence, such factors can augment growth of the medical alert systems market. Recently, in January 2020, LifeStation launched LifeStation Mobile LTE with the combination of GPS, Wi-Fi, and Bluetooth.

Key Players

AlertOne Services, LLC. Bay Alarm Medical, CarelineUK Monitoring Limited, Galaxy Medical Alert Systems, Ltd., Life Alert Emergency Response, Inc., LifeStation, Inc., and Koninklijke Philips N.V..

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