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Best Medical Alert System

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Comparing 26 vendors in Medical Alert System/Personal Emergency Response System across 87 criteria. – PowerPoint PPT presentation

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Date added: 30 July 2020
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Title: Best Medical Alert System


1
Best Medical Alert System 2020
  • 360 Quadrants

2
The personal emergency response system (PERS),
also known as a medical alert system, has a
wireless transmitter that can be activated in an
emergency. Next, the signal emitted from these
transmitters is transmitted to an alarm
monitoring company's central station or other
emergency agency. Further, the medical personnel
is dispatched to the site where the alarm is
activated. This system allows the person to call
for help in an emergency by pushing a button. The
purpose of this system is to help a senior
citizen in case of a medical emergency such as
heart attack, sudden fall, dementia, and
Alzheimer's, as well as to equip the senior
living facilities and assisted living facilities
with the appropriate aid in case of medical
emergency to ensure that these senior members
live an independent and a care-free, healthier
life. Going further in this document, we will
learn in detail about the medical alert system
providers, various medical alert system
applications, various types of the medical alert
system, the latest trends and developmentsKnow
More https//www.360quadrants.com/semiconductor
-and-electronics/medical-alert-system-personal-eme
rgency-response-system
3
  • Top 10 Medical Alert System Companies
  • Philips Lifeline
  • Lifefone
  • ADT Medical Alert System
  • VRI Connect
  • Guardian Medical Monitoring
  • MobileHelp
  • Alert1
  • Bay Alarm Medical
  • Connect America
  • Medical Guardian

4
Increase in geriatric population and health
literacy across the globe The increasing medical
literacy rate in developed and developing
countries is an important factor for increasing
the adoption of a medical alert systems. The
developed countries around the world have
consistently worked towards imparting health
education to the people and the importance of a
healthy environment. In recent years, governments
of developing countries such as China, India, and
Brazil have taken various steps to overhaul
healthcare systems. Some of the major steps
undertaken by the governments of these countries
include incentives on medical devices and
awareness programs on health care. The healthcare
expenditure in these countries has increased
significantly over the past few years and is
expected to rise in the years to come.  
5
Rising adoption of Smart Mobile Emergency
Response System The emergence of mobile PERS has
been one of the leading factors driving the
medical alert systems market. There has been a
massive shift from the traditional medical alert
systems to the mobile medical alert system. This
is due to the evolution of wireless technology.
As per the US Department of Health and Human
Services (HHS), half of the households in the US
do not have a landline system and use cellular
technology. People have embraced wireless
technology because of the mobility it offered,
which is suited for people with an active
lifestyle it provides and is expected to grow
soon. The change in technology from wired to
wireless systems, the mobile medical alert
systems market is taking strides in the growing
direction.
6
Technological advancements in the medical alert
systems The advancements in technology and its
commercialization has led the medical alert
system market towards growth. The advent of
various technologies such as artificial
intelligence (AI), Internet of Medical Things
(IoMT), big data, cloud computing, machine
learning, and data analytics have impacted the
best medical alert system market significantly.
Companies such as Apple and Fitbit have already
made it big in this market by offering smart
wearables along with artificial intelligence,
which provides critical insights. AiCare, a
company providing intelligent senior care, has
claimed to use the machine learning analytics and
wearable sensor to personalize the elderly care.
7
Growing inclination of elders towards independent
living The inclination of seniors toward
independent living has been increasing across the
world. More and more retired elders are opting to
be independent living homes for seniors, and lead
a dignified living without burdening the
aspirations of their children. Financially
independent senior citizens are fueling the
demand for housing projects developed
specifically for them. This has led to an
increase in demand for medical alert devices as
the seniors have a high fall rate, and
the medical alert system can help in emergency
situations. The choice of independent living
among seniors has swelled up the demand for
medical alert systems.
8
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9
Market Overview The medical alert system market
was valued at USD 5.9 billion in 2019 and is
expected to grow at a CAGR of 7.9 during the
forecast period 20202025 to reach USD 9.5
billion in 2025. The best medical alert system is
majorly used by elderly individuals who are prone
to various chronic diseases such as Alzheimers,
dementia, diabetes, weakening of reflexes, heart
diseases, and other health issues. The old aged
people are susceptible to falls, which is a major
reason for severe injuries among the elders and,
if not treated in time, could lead to disability
or death. Apart from receiving help during an
emergency, these devices are also used by people
to ensure safety and security when living or
traveling alone. The best medical alert system
market is praised by hospitals, doctors, and
healthcare organizations such as the American
Heart Association (US) and the American
Association of Retired Person (US)The best
medical alert system is used by the geriatric
population or people who need special care, to
send the emergency signal in order to contact
emergency services or caregivers. The medical
alert ecosystem consists ofhardware device,
monitoring platform, response center, and
caregiver. The hardware is a console along with a
transmitter used for communication between the
user and the monitoring center. The response
centers are responsible for dispatching the
emergency personnel after the emergency signal is
received from the users end, and ecosystems are
the caregivers, which can be family, friends, or
any other person assigned by the user. Get
Consultant https//www.360quadrants.com/semicon
ductor-and-electronics/medical-alert-system-person
al-emergency-response-system/experts
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