The new report by EMR titled, ‘Global Medical Alert Systems Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global medical alert systems market, assessing the market based on its segments like product, offering, connection type, communication technologies, distribution channel, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/medical-alert-systems-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 6.27 Billion
- Forecast CAGR (2021-2026): 55%
- Forecast Market Size (2026): USD 10.83 Billion
The rise in the geriatric population and increased adoption of PERS devices by long term and senior facilities is expected to facilitate the growth of the market. The increasing demand for medical assistance, especially for the elderly, has also resulted in the increasing adoption of landline PERS, which is likely to result in the growth of the medical alert system market over the forecast period. These technologies provide rapid assistance to persons who are stuck in a situation. It acts as an active guardian because it is an all-in-one wearable device with GPS and Wi-Fi capabilities, and a two-way speaker for communicating with an operator. Additionally, they can be watched 24*7 and provide assistance to senior individuals in a matter of minutes, contributing to the market’s growth. Many senior citizens have a health condition or are at risk of falling, necessitating prompt emergency assistance, resulting in an increase in the use of medical alert systems by home-based users.
Industry Definition and Major Segments
Medical alert systems are alarm systems that are designed to be used in the event of a medical emergency. It aids in the provision of immediate medical assistance in the event of a medical professional’s safety being compromised. The system includes a transmitter that can be manually or automatically activated in an emergency. When a medical alert system is activated, it sends a signal to the central control room of an alert monitoring company, another emergency agency, a user’s relative, or a nearby hospital. In the case of a fall or any other emergency, this medical alert system allows the user to contact emergency personnel.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/medical-alert-systems-market
The major products available in the medical alert systems industry are:
- Personal Emergency Response System
- Nurse Calling System
- Smart Belt
The market can be broadly categorised on the basis of its offering into:
- Hardware
- Console Unit
- Transmitter
- Wristband Transmitter
- Pendant Transmitter
- Sensors
- Services
- Subscription-Based Monitoring
- Mobile Application-Based Monitoring
On the basis of connection type, the market can be broadly segmented into:
- Wired
- Wireless
The market can be divided on the basis of communication technologies into:
- Two-way Voice Systems
- Unmonitored Medical Alert Systems
- Medical Alert Alarm (Button) Systems
- Voip-based Systems
By distribution channel, the market can be categorised into:
- Pharmacies
- Online Channels
- Hypermarkets
The market can be segmented on the basis of end use into:
- Hospitals and Clinics
- Home-Based Users
- Senior Living Facilities
- Assisted Living Facilities
- Others
On the basis of region, the industry is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The market is likely to be driven by technological improvements in healthcare wearables, increased smartphone penetration in healthcare, constant technological innovations, the demand for improved healthcare facilities, and an increase in home-based health programmes. Increasing awareness among the people, favourable healthcare policies, a strong focus on financial assistance, and increasing investments from foreign players are, therefore, expected to augment the growth of the medical alert system market in the future. During the forecast period, rising medical tourism in developing countries is expected to open up new market prospects for advanced and sophisticated medical alert systems. Moreover, during the forecast period, the rising need for high-quality medical treatment is expected to boost the medical alert systems market forward.
Key Market Players
The major players in the market are Koninklijke Philips N.V., Connect America LLC, Medical Guardian, LLP, ADT Inc., and Bay Alarm Medical, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:-
Global Antifungal Drugs Market: https://www.expertmarketresearch.com/reports/antifungal-drugs-market
Global Blood Collection Market: https://www.expertmarketresearch.com/reports/blood-collection-market
United States Vaccine Market: https://www.expertmarketresearch.com/reports/united-states-vaccine-market
Global Veterinary Software Market: https://www.expertmarketresearch.com/reports/veterinary-software-market
India Disposable Catheters Market: https://www.expertmarketresearch.com/reports/india-disposable-catheters-market
Global Sample Preparation Market: https://www.expertmarketresearch.com/reports/sample-preparation-market
Global Medical Foam Market: https://www.expertmarketresearch.com/reports/medical-foam-market
Global Medical Bed Market: https://www.expertmarketresearch.com/reports/medical-bed-market
Global Allergy Treatment Market: https://www.expertmarketresearch.com/reports/allergy-treatment-market
Global Surgical Equipment Market: https://www.expertmarketresearch.com/reports/surgical-equipment-market
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Read more: https://expertmarketresearch-emr.blogspot.com/
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Explore more on Procurement Intelligence services of EMR Inc.
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:30 North Gould Street
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com/