Technological advancements in alert systems, improving healthcare infrastructure, and rising preference towards personal health monitoring systems are some key factors expected to drive market growth.
Technological advancements in alert systems, improving healthcare infrastructure, and rising preference towards personal health monitoring systems are some key factors expected to drive market growth
New York, December 16, 2021 – Reports and Data has published its latest report titled “Medical Alert Systems Market By Type (Personal Emergency Response System (PERS) [Home-based/Landline-based System, Mobile PERS], Nurse Calling System (NCS) [Button-based Systems, Integrated Communication Systems, Mobile Systems, Intercom Systems] and Smart Belt) By Offering (Hardware, Services and Software), By Connection Type (Wired, Wireless), By End, and By Region, Forecast to 2028”
According to the latest report by Reports and Data, the global medical alert systems market size was USD 6.14 Billion in 2020 and is expected to reach USD 13.43 Billion in 2028 and register a revenue CAGR of 10.1% during the forecast period, 2021-2028.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/347
Drivers, Restraints, and Opportunities
Personal emergency response systems, also known as medical alert systems, are designed to help the elderly, people with health issues, and those who live alone to obtain immediate assistance during an medical emergency, which drive revenue growth of the medical alert systems market. It act as vital life-saving tools, especially for the elderly people leaving alone. These alert systems also helps user to maintain medication timings throughout the day and offer an emotional benefit as well. Many medical alert systems include fall detection as a fundamental feature. After all, one of the leading causes of significant injury and hospitalization among seniors is trips, slips, and falls. Medical alert gadgets with intelligent sensors can detect when user has fallen and automatically call for aid.
Furthermore, growing awareness regarding the benefits of medical alert systems, development of healthcare equipment, and integration of Machine learning (ML), Internet of Things (IoT) Artificial Intelligence (AI) and other related technologies in medical devices are other factors fuel revenue growth of the market. For instance, advanced medical alert systems now include GPS technology that offer family members with real-time information on the device wearer’s whereabouts. This gives the user and their family peace of mind. However, low acceptance of alert devices, less awareness on how to operate such devices especially in remote areas are factors expected to restrain medical alert systems market revenue growth during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
To know more about the report @ https://www.reportsanddata.com/report-detail/medical-alert-systems-market
Person Emergency Response Systems (PERS) Segment to Lead in Terms of Revenue Share:
Person Emergency Response Systems (PERS) segment is expected to account for largest revenue share in the global market over the forecast period attributed to rising elderly population, increasing penetration internet, and rising individual’s preference for mobile-based wearable PERS. PERS is a technology that allows users to ask for assistance in an emergency by just pressing a button. It consists of three parts: a tiny radio transmitter (the gadget user carry), a console connected to user’s phone, and a call-monitoring emergency response center.
Home-based Users Segment to Register Significant Revenue Growth:
Home-based users segment is expected to register significant revenue growth over the forecast period due to rising need for emergency patient monitoring, increasing incidence of chronic diseases such as heart diseases, diabetes, Alzheimer’s diseases and growing popularity of technologically advanced wireless alert systems which is easy to use, highly affordable and improve patient lives at home.
North America to Register Robust Revenue Growth:
North America is expected to register robust revenue growth over the forecast period attributable to increasing investments in research and development activities on medical equipment, presence of well-established healthcare infrastructure, large scale adoption of life-saving devices in clinics and hospitals, and presence of key players in the region.
Asia Pacific Accounted for Largest Revenue Share in 2020:
Asia Pacific accounted for largest revenue share in the global market in 2020 attributable to increasing prevalence of chronic diseases and rising need for continuous patient monitoring. In addition, rapid advancements in alert systems and growing popularity of wearable medical devices, in APAC countries such as India, Malaysia, and China are some other factors expected to support revenue growth of the Asia Pacific market.
Major Companies in the Market Include:
- Philips Lifeline
- ADT Inc.
- Tunstall Healthcare Group Ltd
- Greatcall, Alert-1
- Connect America
- Bay Alarm Medical
- Life Alert Emergency Response, Inc.
- Rescue Alert
- Mobile Help
- Medical Guardian LLC
- LifeStation
- Galaxy Medical Alert Systems
- LifeFone
- Guardian Alarm
- Better Alerts
- Valued Relationships, Inc.
- Nortek Security & Control LLC
- Legrand Assisted Living & Healthcare
- Response Now
- Vanguard Wireless
Buy Premium Research Report @ https://www.reportsanddata.com/checkout-form/347
Market Segmentation:
For the purpose of this report, Reports and Data has segmented global medical alert systems market on the basis of type, offering, connection type, end use and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Personal Emergency Response System (PERS)
- Home-based/Landline-based System
- Mobile PERS
- Cellular Emergency Response System
- Wireless Emergency Response System
- GPS-based Emergency Response System
- Nurse Calling System (NCS)
- Button-based Systems
- Integrated Communication Systems
- Mobile Systems
- Intercom Systems
- Smart Belt
Offering Outlook (Revenue, USD Billion; 2018-2028)
- Hardware
- Console Unit
- Transmitter
- Wristband Transmitter
- Pendant Transmitter
- Battery
- Others
- Services
- Software
Connection Type Outlook (Revenue, USD Billion; 2018-2028)
- Wired
- Wireless
End Use Outlook (Revenue, USD Billion; 2018-2028)
- Home-based Users
- Senior Living Facilities/Senior Care Centers
- Assisted Living Facilities
- Hospitals and Clinics
- Others
- Nursing Homes
- Retirement Homes
- Mental Healthcare Centers
Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/347
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA
Explore Latest Trending Research Reports By Reports and Data’s
Tinea Pedis Treatment Market , By Disease Type (Interdigital Tinea Pedis, Plantar Tinea Pedis, Vesicular Tinea Pedis), By Route of Administration (Oral and Topical [Gel, Creams, Spray, Lotions, and Powders]), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and E-Commerce), and By Region Forecast to 2028
Respiratory Inhaler Devices Market Size, Share & Analysis, By Product Type (Dry Powder Inhaler, Metered Dose Inhaler, Nebulizer), By Mode of Operation (Digitally Operated Inhaler Devices), By Application (Chronic Obstructive Pulmonary Disease, Asthma), And By Region, Forecast To 2027
Hyperbaric Oxygen Therapy Device Market Size, Share & Analysis, By Product Type (Mono-place HBOT Devices, Multi-place HBOT Devices, Topical HBOT Devices), By Application (Wound Healing, Decompression Sickness, Infections, Gas Embolism, Others), And By Region, Forecast To 2028
Compound Management Market Size, Share & Analysis, By Type (Automated Compound/Sample Storage Systems, Automated Liquid Handling Systems, Outsourcing Services, Others), By Sample Type (Chemical Compounds, Biological Samples, Others), By Application (Drug Discovery, BioBanking, Gene Synthesis, Others), By End-use (Pharmaceutical Companies, Biopharmaceutical Companies, Research and Academic Institutes, Contract Research Organizations (CROs), Others), and By Region Forecast to 2028
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Read Latest Press Release @ https://www.reportsanddata.com/press-release/global-medical-alert-systems-market