Medical Alert System Market to Witness Growth Rate of 6.23% in the Forecast of 2020 to 2027

Medical Alert System Market is forecasted to grow at 6.23% for 2020 to 2027 with factors such as high cost of the system and dearth of skilled & trained professionals hampering the market growth.

Medical alert system market has shown a significant adoption rate and preferences from the Asia- Pacific. This is due to improvement in the healthcare infrastructure and rising government initiatives to enhance the awareness among population about the medical alert systems which will accelerate the market growth.

Medical Alert System Market Scenario

According to Data Bridge Market Research the medical alert system market in developing regions is witnessing a growth in terms of its adoption rate, due to advancement in the medical wearables, rising ageing population, growing penetration of smartphones and increasing adaptability of PERS devices.  

Now the question is which are the regions that medical alert system market players should target? Data Bridge Market Research has forecasted market leaders to target Asia- Pacific developing regions to help them in attaining better volume of revenue generation.

Medical alert system market is becoming more competitive every year with mobile currently being the largest market type for the forecasted period of 2020 to 2027. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the medical alert system market.

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Medical Alert System Market Development

Arvi announced the launch of their smart medical alert system on December 2019 in India which is specially designed for the senior citizens. This new system has the ability to offer emergency and non- emergency assistance to the senior citizen easily. The main aim of the launch is to make the healthcare services easy accessible for the older population.

Scope of the Medical Alert System Market

Medical alert system on the basis of countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, and Rest of Middle East & Africa.

  • All country based analysis of the medical alert system market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the medical alert system market is segmented into global system for mobile communications (GSM), microphone, fall detection sensor, wireless transmitter and global positioning system (GPS). Type segment is divided into landline, mobile and standalone. On the basis of technology, the market consists of two-way voice systems, unmonitored medical alert systems and medical alert alarm/button system. Medical alert system market has also been segmented into home-based, senior living facilities, hospitals, nursing homes and assisted living facilities on the basis of end user.
  • Medical alert systems are those devices which are specially designed so they can provide signal to the medical healthcare provider during emergencies. Some of the common types of medical alert systems are landline PERS, mobile PERS and others. They have the ability to send signal to the alarm monitoring systems. These medical alert systems include number of medical devices such as nurse call systems, ambulatory auto alert system, personal emergency response system and others.

To know more about the study

Key Pointers Covered in the Medical Alert System Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • ADT
  • American Senior Safety Agency
  • Bay Alarm Family of Companies
  • Koninklijke Philips N.V.
  • Connect America
  • Critical Signal Technologies
  • Galaxy Medical Alert Systems
  • GreatCall
  • Legrand
  • Life Alert Emergency Response, Inc.
  • LifeFone Medical Alert Services
  • American Response Technologies
  • Medical Guardian, LLP
  • MobileHelp, Mytrex, INC.
  • Rescue Alert
  • Nortek Security and Control
  • Response Now
  • SafeGuardian LLC Help Alert

Above are the key players covered in the report, to know about more and exhaustive list of medical alert system companies, contact us

Research Methodology: Global Medical Alert Systems Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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