Medical Alert Systems Market Size will hit $11.1 billion by 2026

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MarketsandMarkets Presents

Medical Alert Systems Market Size will hit 11.1
billion by 2026 Medical Alert Systems Market
with COVID-19 Impact Analysis by Offering, System
Type, Connection Type (Wired, Wireless),
Technology, Distribution Channel(Pharmacies,
Online Sales, Hypermarkets), Application and
Geography - Global Forecast to 2026 https//www.m
arketsandmarkets.com/Market-Reports/medical-alert-
systems-market-237415207.html
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According to the new market research
report "Medical Alert Systems Market with
COVID-19 Impact Analysis by Offering, System
Type, Connection Type (Wired, Wireless),
Technology, Distribution Channel(Pharmacies,
Online Sales, Hypermarkets), Application and
Geography - Global Forecast to 2026", published
by MarketsandMarkets, the Medical Alert Systems
Market is expected to grow from USD 6.8
billion in 2021 to USD 11.1 billion by 2026 it
is expected to grow at a CAGR of 10.3 during the
forecast period. The major driving factors for
the growth of the medical alert systems market
include increase in the geriatric population,
increase in adoption of life-saving and tracking
systems and the growing inclination of the
elderly population towards independent living.
  Browse 124 market data Tables and 55 Figures
spread through 213 Pages and in-depth TOC
on "Medical Alert Systems Market with COVID-19
Impact Analysis - Global Forecast to 2026"
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Two Way Voice Systems technology shows
significant adoption during the forecast
period. Two-way voice systems mainly consist of a
console unit and are connected to the traditional
landline phones in the case of the in-home
medical alert system. In the cellular
network-based system, the console unit comes with
a SIM card or has been pre-enabled to connect
with a cell network connection. The console unit
is connected with the monitoring center whenever
a user sends the emergency signal or the sensor
detects a fall. Advancements in technology have
developed a smart console unit, which works on
the VoIP or 4G LTE network for faster
communication. Two-way voice systems find
application in homes, hospitals and clinics, and
long-term care facilities. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id237415207 PERS (Personal
Emergency Response System) to dominate the
wireless connection type segment in the market
during the forecast period. The PERS segment
accounted for a larger share of the wired medical
alert systems market in 2020, and a similar trend
is likely to be observed in the coming years
owing to the developments in connected devices
and adoption of the Internet of Medical Things
(IoMT). Advances in medical technology have
resulted in the adoption of smart devices with
multiple functions to improve the quality of
elderly care. This has led to an increase in
demand for wired devices among elderly citizens.
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Europe to show significant growth in market share
in the forecast period The elderly population
in Europe is rising rapidly, and there is a need
to manage this aging population. Countries such
as Germany, the UK, Italy, and France have more
than 20 of the population 65 years and beyond,
and it is increasing significantly. Germany accoun
ted for the second-largest market share in 2020,
and the market in the country is projected to
grow considerably owing to the established
healthcare infrastructure, high per capita
expenditure on healthcare, and various healthcare
initiatives by the government. Other factors for
the high demand for medical alert systems are the
growing awareness among the elders regarding
personal health. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id237415207 Philips (Netherlands),
Connected America (US), Valued Relationships
(US), Medical Guardian (US), ADT (US) Guardian
Alarm (US), Bay Alarm Medical (US), MobileHelp
(US), Alert1 (US), and LifeFone (US) are among
the key players operating in the medical alert
systems market.
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• Impact of COVID-19 on Medical Alert Systems
  Market
•  The medical alert systems market is expected to
  grow between 2021 and 2026 owing to the rising
  demand for personal health monitoring systems by
  home-based users and nurse call systems by
  hospitals and clinics due to COVID-19. The
  integration between remote patient monitoring
  platforms and healthcare facilities will help
  offer remote access through telehealth platforms
  to essential healthcare services while improving
  safety and health outcomes for patients
  statewide. This has essentially gained importance
  amid the COVID-19 pandemic because they offer
  patients safer, more accessible options for
  preventive, routine, and chronic care.
  Furthermore, these services help reduce the
  burden on hospitals and healthcare providers,
  improving outcomes for the vulnerable populations
  they serve.
• Recent Developments
• In February 2021, Connect America partnered with
  Urban Health Plan (US), a health center program
  in the US, to bring remote patient monitoring
  (RPM) services to patients living in the
  underserved communities of the Bronx, Queens, and
  Manhattan.
• In October 2020, MobileHelp launched Micro, an
  all-in-one mobile medical alert device that
  offers wearable comfort with its compact size and
  weight without sacrificing technology strengths.
  The product also features MobileHelps patented
  automatic fall detection and advanced location
  tracking technology.

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