The Global Medical Alert Systems Market Research Report 2017 provides a detailed Medical Alert Systems industry overview along with the analysis of industry’s gross margin, cost structure, consumption value and sale price. The key companies of the market, manufacturers, distributors along with the latest development trends and forecasts are detailed in the report.
The global medical alert systems market is estimated to surpass $26.43 billion by 2023 growing at an estimated rate of more than 6.8% during 2018 to 2023.
Medical Alert System is a device that enables older people to get the required medical assistance in case of any emergency such as heart attack, breathing issues, sudden fall, or other cognitive issues. The global medical alert systems market is witnessing continuous growth as the medical alert systems manufacturers have started focusing more on offering high-quality and innovative products. The market is expected to see a significant growth in the coming years, owing to the rising demand for high-tech connected medical alert devices that are IoT and AI-based.
Medical Alert Systems Market is estimated to be worth USD 6.5 billion in 2020 and is expected to reach USD 9.6 billion by 2025, at a CAGR of 7.9% from 2020 to 2025. https://www.marketsandmarkets.com/Market-Reports/medical-alert-systems-market-237415207.html
[138 Pages Report] Medical Alert Systems/Personal Emergency Response System (PERS) Market research report categorizes by Type (Landline PERS, Mobile PERS (MPERS), Standalone PERS), by End-User (Home-Based, Senior Living Facilities, and Assisted Living Facilities) and by Geography
Medical Alert System are devices primarily used by aged people in case of medical emergencies such as heart attacks, falls, or patients suffering from dementia and Alzheimer’s and to get medical assistance. Apart from the use of individuals to expect help during emergencies, these devices can be used to ensure safety and security while living or traveling alone.
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
The medical alert systems market is continuously evolving as medical alert systems manufacturers have started emphasizing on offering high-quality and innovative products. The market is likely to witness substantial growth, owing to the increased demand for high-tech connected medical alert devices based on IoT- and AI-based technologies.
The Medical Alert System is a device, which helps senior citizens get the required medical assistance in case of emergencies such as heart attack, breathing issues, sudden fall, or other cognitive issues. The medical alert systems market is continuously evolving as medical alert systems manufacturers have started emphasizing on offering high-quality and innovative products.
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The report "Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 6.61 Billion in 2017 to USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023.
The overall service laboratory market is expected to grow from USD 3.75 Billion in 2014 to USD 5.45 Billion by 2020, at a CAGR of 6.5% from 2014 to 2020. The market in APAC is expected to witness the highest growth due to major growth spurts expected in the material science sector in the developing countries of this region.
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The personal emergency response system (PERS) market is estimated to reach USD 7.62 Billion by 2020, at a CAGR of 6.0% between 2015 and 2020. The factors which are driving the personal emergency response system market include expanding base of aging population worldwide and increasing awareness about the healthy and independent lifestyle, making daily living easy and smooth.
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Global mobile medical apps market is registering a healthy CAGR of 34.20% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to the advent of smartphones which has played a key role in the healthcare industry by making medical services easier which has also replaced the use of computer systems is expected to contribute to the market growth.
The development undertaken by the Personal Emergency Response Systems Market over the years has ensured that medical alert systems are connected to smartphones or alarms through which a programmed signal can be broadcast to medical response centers. The signal is transmitted as soon as a button for 'help' is pressed. Medical alert devices like this 'help' button are usually classified as radiofrequency triggers that are worn around the neck or wrist.
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Toll-free numbers have immense potential for the healthcare industry. Ranging from swift patient management to critical emergency services, cloud telephony solutions, and toll-free number can automate the process thus making it more efficient. A toll-free number can also potentially reduce the burden of administrative tasks from doctors and other medical staff thus giving them more time for treating patients, other duties and research. This tool is of specific significance during the current COVID-19 pandemic. Go through the entire presentation to know the possibilities of toll-free number in detail: 1. Boost Administrative Tasks 2. Enhance Patient Engagement 3. Clear Rumors and Misinformation 4. Efficient Patient Management 5. Swift Emergency Assistance
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Global Personal Emergency Response Systems (PERS) market is estimated at $5.6 billion in 2015 and is poised to reach $8.61 billion by 2022, growing at a CAGR of 6.35% from 2015 to 2022. Reforms in healthcare industry and rising aging population are some of the key factors boosting the market growth.
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