The Medical Alert Systems Market is expected to reach $27,600 million by 2023 at a CAGR of 6.3%.
According to the new market research report by IndustryARC titled “Medical Alert Systems Market: By Type (Landline, Mobile, Standalone); By End-User (Home, Senior Living Facilities, Assisted Living Facilities) & By Geography 2018-2023”, the market is driven by the ageing population and rising healthcare costs.
North America dominates the Medical Alert Systems Market
North America will dominate the Medical Alert Systems during the forecast period. It is expected to reach $ 10025.21 million by 2023 at a CAGR of 5.2%. In this region, reimbursement policies and
Government regulations will drive the growth of the home healthcare sector, which in turn enhances the demand for the medical alert necklace in North America. The Asia Pacific will be the fastest growing region in the coming years due to the growing home healthcare segment and government expenses on healthcare infrastructure. The ageing population is another factor which spurs the growth of medical alert bracelet in the Asia Pacific.
Medical Alert Systems Market Analysis done in the full Report:
The PERS (Personal Emergency Response Systems) segment in 2017 reached revenue of $7,496 million. It will generate revenue of $10,514 million by 2023 at a CAGR of 5.8 %. PERS devices help users to ensure their personal safety and lead an independent life without depending on professional care. The increasing demand for mobility and technological advancements spur the growth of the PERS which drive the market. The landline based devices had the largest share in the PERS segment.
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Excerpts on Medical Alert Systems Market Growth Factors
- The growth of the ageing population will drive the demand for medical alert devices during the forecast period.
- The increasing costs of the in-hospital care enhances the demand for home healthcare devices.
- Reimbursement policies boost the growth of the medical alert systems.
- Growing use of smartphones drives the demand for medical alarm systems.
Key players of the Medical Alert Systems Market
Philips Lifeline, Life Alert Emergency Response Inc., Connect America dominates the Medical Alert Systems Market. Philips Lifeline has manufactured two new products namely The HomeSafe Wireless PERS and GoSafe medical alert system. The other important products launched by the company include SecurusInc.’s eRespondermPERS and Bay Alarm Medical’s cellular medical alert system. Life Alert Emergency Response Inc provides personal emergency response and home medical alert systems. Connect America provides emergency alert products for the ageing population.
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Medical Alert Systems Market is segmented as below
Healthcare reforms drive the demand for Medical Alert Systems Market in the coming years.
A. Medical Alert Systems Market By Type
1. Personal Emergency Response Systems
1.1. Landline
1.2. Mobile
1.3. Standalone
2. Nurse Call Systems
2.1. Traditional
2.2. Advanced
2.3. Middleware Interfacing
B. Medical Alert Systems Market By End User
1. Personal Emergency Response Systems
1.1. Home-Based Users
1.2. Assisted Living Facilities
1.3. Senior Living Facilities
2. Nurse Call Systems
2.1. Hospitals
2.2. Clinics
2.3. Assisted Living Facilities
2.4. Senior Living Facilities
C. Medical Alert Systems Market by Geography (covers 17+ countries)
D. Medical Alert Systems Market Entropy
E. Companies Citied / Interviewed in Medical Alert Systems Market
1. ADT LLC D.B.A. ADT SECURITY SERVICES
2. ALERTONE SERVICES LLC
3. BAY ALARM MEDICAL COMPANY
4. CARELINEUK MONITORING LIMITED
5. GALAXY MEDICAL ALERT SYSTEMS, LTD
6. LIFE ALERT EMERGENCY RESPONSE, INC
7. LIFE GUARDIAN TECHNOLOGIES LLC
8. LIFEFONE PERSONAL RESPONSE SERVICES
9. LIFESTATION, INC.
10. LOGICMARK, LLC
11. MOBILEHELP
12. KONINKLIJKE PHILIPS N.V
13. MYTREX INC. DBA RESCUE ALERT
14. TUNSTALL HEALTHCARE (UK) LTD
15. VALUED RELATIONSHIPS, INC
16. Company 16+
Related Report:
- A.Personal Emergency Response System Market
- B.Nurse Call System Market
What can you expect from the report?
The Medical Alert Systems Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country-level Analysis (13+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Medical Alert Systems segment?
Response: Yes, we do have separate reports as mentioned below:
1. Medical Alert Systems Market Report (2018-2023)
2. North America Medical Alert Systems Market Analysis (2018-2023)
3. Europe Medical Alert Systems Market Size (2018-2023)
4. Asia Pacific Medical Alert Systems Market Share (2018-2023)
5. RoW Medical Alert Systems Market Trends (2018-2023)
6. Nurse Call Systems Medical Alert Systems Market Forecast (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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