Key Emerging Trends in Medical Alert Systems Market

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MarketsandMarkets Presents

Key Emerging Trends in Medical Alert Systems
Market Medical Alert Systems Market by
Connection (Wired, Wireless), End User (Home
Based, Hospitals Clinics, Senior Living
Centers), System Type (Cellular PERS, Mobile
PERS, Nurse Call Systems, Smart Wearable Belt),
and Region - Global Forecast to 2025
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According to the new market research report on
the "Medical Alert Systems Market by Connection
(Wired, Wireless), End User (Home Based,
Hospitals Clinics, Senior Living Centers),
System Type (Cellular PERS, Mobile PERS, Nurse
Call Systems, Smart Wearable Belt), and Region -
Global Forecast to 2025", published by
MarketsandMarkets, the 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. The rapid growth of the medical alert
systems market is expected to witness strong
growth in the next six years mainly due to the
rising elderly population across the globe,
increasing adoption of the mobile personal
emergency response system, various healthcare
reforms, financial assistance to the elderly
individuals and an inclination towards
independent living. Browse 146 market data
Tables and 35 Figures spread through 170 Pages
and in-depth TOC on "Medical Alert Systems Market
- Global Forecast to 2025"
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Medical alert system market for PERS devices is
expected to hold the largest share during the
forecast period Personal emergency response
systems, known simply as PERS, represents a
fast-growing market that primarily serves the
needs of an elderly population. And now, with the
advent of mobile PERS (mPERS) based on devices
such as smartphones, the field of opportunity has
become even wider. The older adults are more
prone to falls and could result in severe injury
if proper treatment is not given in time. The
individuals with chronic medical conditions, like
COPD, diabetes, or arthritis, might fall and need
medical treatment as compared to others. The
healthy and independent older adults benefit from
the personal emergency response systems too which
can help them to contact the emergency services
in case of a severe situation. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id237415207 Wired medical alert
systems are expected to hold the largest market
share from 2020 to 2025 The wired or in-home
medical alert devices held largest market share
during the forecast period mainly due to elder
people who spent most of their time at home and
find it easy to use. The wired medical alert
systems are simple with a bunch of help buttons
mounted on the wall or in the form of a pendant
that can be used in the emergency. The low cost
associated with the wired medical alert systems
as compared to the wireless systems is another
major factor propelling the growth of this
segment from 2020 to 2025.
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Home-based users are expected to hold the largest
market share from 2020 to 2025 The home-based
users held the largest market size for the
medical alert systems market between 2020 and
2025. The demand for the home-based systems is
likely to stay high due to the independence it
provides to the senior citizens who want to live
alone but taken care of in case of an emergency.
As a result, a number of seniors are opting for
such systems to take advantage of the advanced
technology. The home-based user is a large
segment in the elderly care market which
companies are catering and expecting a rise in
demand over a period of time. North America to
account for the largest market share from 2020 to
2025 Major factors contributing towards a larger
market share of the medical alert system market
in North America include increasing geriatric
population, increasing adoption of mobile PERS,
favourable healthcare reforms and rising
healthcare expenditure in the North America
region. The medical alert systems market has seen
tremendous growth in terms of technological
advancements, increased healthcare expenditure as
a percentage of total GDP, and the introduction
of emerging technologies like AI and IoT.
Presence of a large number of players such as
Medical Guardian (US), Connect America (US),
MobileHelp (US), and Guardian Alarm (US),
offering medical alert systems, in this region is
further propelling the growth of the market.
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Browse in-depth TOC on "Medical Alert Systems
Market"146 Tables 35 Figures 170 Pages
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dmarkets.com/requestsampleNew.asp?id237415207
The major players in medical electronics market
are Koninklijke Philips (Netherlands), Connect
America (US), Valued Relationships (VRI) (US),
Guardian Alarm (US), Alertone Services (US), ADT
Corporation (US), LifeFone (US), Bay Alarm (US),
Medical Guardian (US), MobileHelp (US), Nortek
Security and Control (Numera) (US), Galaxy
Medical Alert Systems (Canada), Response Now
(US), LifeStation (US), Rescue Alert (US), Better
Alerts (US), GreatCall (US), Electronic Caregiver
(US), Blue Linea (France),  Vanguard Wireless
(Australia), and Tango Technologies (US).
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