Medical Alert System Market is forecasted to value over USD 11.5 billion by 2027 end and register a CAGR of 8% from the forecast period 2021-2027.
A medical alarm system is an alarm system designed for medical emergencies. Helps medical professionals in urgent care in dangerous situations. The system contains a transmitter that can be activated manually or automatically in case of an emergency. When a medical alarm system is activated, it can send a signal to the central control room of an alarm monitoring company or another emergency agency, or a relative of the user, or be in a nearby hospital. These medical alarm systems allow you to contact emergency services in case of a fall or other emergency. A medical alarm system primarily used by the elderly, long-term illness, or people with disabilities who are leaving alone or staying at home rather than in a nursing facility. There are also many other uses for medical alarm systems such as accidents, fires, or natural disasters. Medical alarm systems sometimes prevent accidents when these devices cannot. Reduce the impact of accidents or injuries by ensuring timely access to medical assistance.
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Market Segments
By System Type
- Personal Emergency Response Systems (PERS)
- Nurse Call Systems (NCS)
- Ambulatory Auto Alert Systems
- Automated Airborne Flight Alert System
- Smart Belt
By Offering
- Hardware
- Software
- Services (Subscription Revenue)
By Connection Type
- Wired
- Wireless
By Application
- Home-Based Users
- Senior Living Facilities/Senior Care Centers
- Assisted Living Facilities
- Others (Nursing Homes, Hospice)
Key Players
The major players in the medical alert systems 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.
Scope of the Report
The research study analyzes the global Medical Alert System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Medical Alert System Market Report
1. What was the Medical Alert System Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Medical Alert System Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Medical Alert System Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Medical Alert System market.
- The market share of the global Medical Alert System market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Medical Alert System market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Medical Alert System market.
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