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2025 Medical Alert Systems Industry Trends Report: Long-Term Outlook Through 2034
Medical Alert Systems
How Large Will the Medical Alert Systems Market Size By 2025?
In the last few years, the medical alert systems market has seen a swift expansion. Its size is projected to increase from $11.25 billion in 2024 to $12.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.0%. The remarkable growth during the historical period can be credited to several factors such as chronic health issues, an aging demographic, development in healthcare infrastructure, government policies, and the rise in telehealth services.
How Big Is the Medical Alert Systems Market Size Expected to Grow by 2029?
The market size of medical alert systems is predicted to increase swiftly in the upcoming years, going up to $19.03 billion by 2029 at a compound annual growth rate (CAGR) of 11.3%. This expected growth during the forecast period can be credited to aspects such as autonomous living, reduction in healthcare expenses, access to healthcare in rural areas, tailored emergency strategies, and combating social isolation among the elderly. Key trends anticipated during this forecast duration encompass integration of Internet of Things (IoT) and wearables, utilization of blockchain for securing health data, activation of systems via voice, application of artificial intelligence (AI) for anticipatory care, and the technology of fall detection.
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Which Key Market Drivers Powering Medical Alert Systems Market Expansion and Growth?
The government's escalating emphasis on enhancing healthcare infrastructure is anticipated to fuel the advancement of the medical alert systems market. Medical emergency response systems can provide a valuable resource for those needing to move into nursing homes or assisted living establishments. Healthcare facility management needs to understand the application of these medical alerts, as emergencies and mishaps can occur even in environments that have 24/7 care in place. For example, as reported by the Centers for Medicare & Medicaid Services, a US federal agency, in June 2023, healthcare costs in the US saw an increase of 2.7%, hitting a total of $4.3 trillion or $12,914 per person. This accounted for 18.3% of the country's total GDP. As a result, the growing government emphasis on improvement of healthcare infrastructure is likely to stimulate an upward trend in the medical alert systems market within the projected timeline.
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Which Fast-Growing Trends Are Poised to Disrupt the Medical Alert Systems Market?
Technological innovations have surfaced as a key emerging trend in the medical alert systems industry. Renowned companies in this sector are embracing advanced technology solutions such as the Micro, a portable medical alert device, to retain their market stance. As an illustration, Essence Group, an American IoT-centric remote care solutions enterprise, introduced Umbrella in January 2022. This first-of-its-kind, 5G-enabled mobile Personal Emergency Response System (mPERS) device merges with Essence's multi-service cloud. It enhances personal security and care across a range of remote and outdoor situations.
What Are the Emerging Segments in the Medical Alert Systems Market?
The medical alert systems market covered in this report is segmented -
1) By Offering Type: Hardware, Services
2) By System Type: Personal Emergency Response System (PERS), Nurse Calling System (NCS), Smart Belt
3) By Technology Type: Two-way Voice Systems, Medical Alert Alarm (Button) System,, IP-based Systems
4) By Distribution Channel Type: Pharmacies, Online Sales, Hyper markets
5) By Application Type: Home-Based users, Senior Living Facilities/Senior Care Centers, Assisted Living Facilities, Hospitals and Clinics, Others Applications
Subsegments:
1) By Hardware: Personal Emergency Response Systems (PERS), Wearable Devices, Base Stations And Control Units, Sensors And Detectors
2) By Services: Monitoring Services, Installation And Setup Services, Maintenance And Support Services, Mobile Alert Services
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Who Are the Global Leaders in the Medical Alert Systems Market?
Major companies operating in the medical alert systems market include Koninklijke Philips N.V., Connect America Holdings LLC, ADT Inc., Bay Alarm Medical Company, VRI Inc., Ascom Wireless Solutions Holding AG, ADT Corporation, Medical Guardian LLC, Hill-Rom Holdings Inc., MobileHelp LLC, LifeFone Medical Alert Services, Tunstall Group Holdings Ltd., Alertone Services LLC, GreatCall Inc., Rescue Alert, LogicMark LLC, Nortek Security and Control LLC, Galaxy Medical Alert Systems Ltd., Guardian Alarm Company, Legrand Assisted Living & Healthcare Inc., LifeStation Inc., Guardian Medical Monitoring LLC, Life Alert Emergency Response Inc., Medical Care Alert LLC, MedicAlert Foundation, ResponseLINK LLC, Vital Link Inc., LifeCall Inc., LifeWatch USA LLC, LifeWise Health Plan of Oregon Inc., MedScope America Corp., Mytrex Inc., Senior Safety Medical Alert Systems LLC, Smart Caregiver Corporation
Which are the Top Profitable Regional Markets for the Medical Alert Systems Industry?
Asia-Pacific was the largest region in the medical alert systems market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the medical alert systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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