Global Medical Alert Systems Market Research Report—Forecast till 2027

Global Medical Alert Systems Market Research Report—Forecast till 2027

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Global Medical Alert Systems Market is anticipated to exhibit a CAGR of 6.46% to surpass USD 17,293.6 Million during the review period.

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Global Medical Alert Systems Market Research Report—Forecast till 2027

Market Dynamics
Global Medical Alert Systems Market is anticipated to exhibit a CAGR of 6.46% to surpass USD 17,293.6 Million during the review period. Medical alert systems permit seniors to quickly get help in case of a fall or other medical emergencies. With the push of a button, seniors can signal a call center that is monitored throughout the day and night. The increasing adoption of these systems in developed countries is expected to boost the market during the review period.
The global medical alert system is expected to achieve substantial market growth owing to the rise in the geriatric population and health proficiency across the globe, and technological advancements in medical alert systems are driving the medical alert systems market globally. Moreover, the major players are developing medical alert platforms and applications which are compatible with smartphones.
Market Segmentation
Global Medical Alert Systems Market is categorized into System Type, Offering, Connection Type, Application, and Technology.
Based on system type, the market has been divided into personal emergency response systems (PERS), nurse call systems (NCS), ambulatory auto alert systems, automated airborne flight alert systems, and smart belt. Personal Emergency Response Systems (PERS) is sub-divided into home-based/landline-based systems, mobile-PERS, and standalone PERS. Mobile-PERS is again segregated into cellular emergency response system, GPS-based emergency response systems, and wireless emergency response system.
By offering a segment, the global market is segmented into hardware, software, and services. The hardware segment is again segmented into console unit, transmitter, battery, and others. The transmitter segment is further classified as a wristband transmitter and a pendant transmitter. Based on Connection Type, the medical alert systems market is categorized into a wired and wireless connection. Based on technology type, the global market is classified into two-way voice systems, unmonitored medical alert systems, medical alert alarm (button) systems, IP-based systems, and others.
In terms of application, the market has been partitioned as home-based users, senior living facilities/senior care centers, assisted living facilities, and others (nursing homes, hospice).
Regional Analysis
The region-specific analysis of the Global Medical Alert Systems Market has been categorized as the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas accounted for USD 3,973.78 million in 2019 growing at a CAGR of 5.68% during the review time. The regional market growth is driven by the existence of major pharmaceutical manufacturers, technological advancements in the everchanging healthcare sector, and increasing prevalence of injuries due to falls from beds and upper bunks, and high disposable income.
Europe is the second-largest market for medical alert systems. Factors such as rising Inclination towards independent living among older adults and increased healthcare spending are driving the growth of the market in this region.
The Asia-Pacific region accounted for the third-largest market share owing to the rising aging population, government regulations to enhance the healthcare sector, constant research and development in technology, and easy adaptability of PERS devices by prominent market players.
The Middle East and Africa are expected to register limited market growth owing to the less economic developments and extremely low income accounted for the least market share in 2019.
Major Players
The Key Players in the Global Medical Alert Systems Market are Koninklijke Philips NV (Philips) (Netherlands), ADT (US), GreatCall (US), Life Alert Emergency Response, Inc. (US), LogicMark (US), Medical Guardian, AlertONE Service Inc.(US), Bay Alarm Medical (US), LLP (US), Nortek Security and Control (US), Rescue Alert (US), Tunstall Group (UK), and VRI (US) among others.

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 20 1.1 OVERVIEW 20 1.1.1 MARKET SYNOPSIS 20 2 MARKET INTRODUCTION 21 2.1 SCOPE OF THE STUDY 21 2.2 RESEARCH OBJECTIVE 21 2.1 LIST OF ASSUMPTIONS 21 3 RESEARCH METHODOLOGY 23 3.1 OVERVIEW 23 3.2 DATA MINING 23 3.3 SECONDARY RESEARCH 24 3.4 PRIMARY RESEARCH 25 3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 25 3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS 26 3.5 FORECASTING TECHNIQUES 26 3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 27 3.6.1 BOTTOM-UP APPROACH 28 3.6.2 TOP-DOWN APPROACH 29 3.7 DATA TRIANGULATION 30 3.8 VALIDATION 30 4 MARKET DYNAMICS 31 4.1 OVERVIEW 31 4.2 DRIVERS 32 4.2.1 INCREASE IN GERIATRIC POPULATION & HEALTH LITERACY ACROSS GLOBE 32 4.2.2 GROWING ADOPTION OF SMARTPHONES & MOBILE EMERGENCY RESPONSE SYSTEMS 32 4.2.3 TECHNOLOGICAL ADVANCEMENTS IN MEDICAL ALERT SYSTEMS 32 4.3 RESTRAINTS 33 4.3.1 INCREASING INCIDENCES OF FALSE ALARM 33 4.3.2 PRIVACY AND DATA SECURITY RELATED CONCERNS 33 4.4 OPPORTUNITIES 34 4.4.1 ENTERING DEVELOPING MARKETS 34 5 MARKET FACTOR ANALYSIS 35 5.1 VALUE CHAIN ANALYSIS 35 5.1.1 INPUTS 35 5.1.2 SOFTWARE DEVELOPMENT PROCESSES 36 5.1.3 OUTPUT 36 5.1.4 MARKETING AND DISTRIBUTION 36 5.1.5 POST SELLING SERVICES 36 5.2 PORTER’S FIVE FORCES MODEL 37 5.2.1 THREAT OF NEW ENTRANTS 38 5.2.2 BARGAINING POWER OF SUPPLIERS 38 5.2.3 THREAT OF SUBSTITUTES 38 5.2.4 BARGAINING POWER OF BUYERS 38 5.2.5 INTENSITY OF RIVALRY 38 5.3 COVID-19 IMPACT ANALYSIS 39 6 GLOBAL MEDICAL ALERT SYSTEMS MARKET, BY SYSTEM TYPE 41 6.1 OVERVIEW 41 6.2 PERSONAL EMERGENCY RESPONSE SYSTEMS (PERS) 43 6.3 NURSE CALL SYSTEMS (NCS) 45 6.4 AMBULATORY AUTO ALERT SYSTEMS 45 6.5 AUTOMATED AIRBORNE FLIGHT ALERT SYSTEM 46 6.6 SMART BELT 47 7 GLOBAL MEDICAL ALERT SYSTEMS MARKET, BY OFFERING 48 7.1 OVERVIEW 48 7.2 HARDWARE 50 7.3 SERVICES 51 7.4 SOFTWARE 52 8 GLOBAL MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE 53 8.1 OVERVIEW 53 8.2 WIRED 55 8.3 WIRELESS 55 9 GLOBAL MEDICAL ALERT SYSTEMS MARKET, BY TECHNOLOGY 56 9.1 OVERVIEW 56 9.2 TWO-WAY VOICE SYSTEMS 58 9.3 UNMONITORED MEDICAL ALERT SYSTEMS 59 9.4 MEDICAL ALERT ALARM (BUTTON) SYSTEM 59 9.5 IP-BASED SYSTEMS 60 9.6 OTHERS 60 10 GLOBAL MEDICAL ALERT SYSTEMS MARKET, BY APPLICATION 61 10.1 OVERVIEW 61 10.2 HOME-BASED USERS 63 10.3 SENIOR LIVING FACILITIES/SENIOR CARE CENTERS 63 10.4 ASSISTED LIVING FACILITIES 64 10.5 OTHERS (NURSING HOMES, HOSPICE) 64 11 GLOBAL MEDICAL ALERT SYSTEMS MARKET, BY REGION 65 11.1 OVERVIEW 65 11.2 AMERICAS 67 11.2.1 NORTH AMERICA 72 11.2.1.1 US 77 11.2.1.2 CANADA 81 11.2.2 LATIN AMERICA 85 11.3 EUROPE 89 11.3.1 WESTERN EUROPE 94 11.3.1.1 GERMANY 99 11.3.1.2 UK 103 11.3.1.3 FRANCE 107 11.3.1.4 ITALY 111 11.3.1.5 SPAIN 115 11.3.1.6 REST OF WESTERN EUROPE 119 11.3.2 EASTERN EUROPE 123 11.4 ASIA-PACIFIC 127 11.4.1 CHINA 132 11.4.2 JAPAN 136 11.4.3 INDIA 140 11.4.4 AUSTRALIA 144 11.4.5 SOUTH KOREA 148 11.4.6 REST OF ASIA-PACIFIC 152 11.5 MIDDLE EAST & AFRICA 156 11.5.1 MIDDLE EAST 161 11.5.2 AFRICA 165 12 COMPETITIVE LANDSCAPE 170 12.1 OVERVIEW 170 12.2 MAJOR PLAYERS IN THE GLOBAL MEDICAL ALERT SYSTEMS MARKET 170 12.3 GLOBAL MEDICAL ALERT SYSTEMS MARKET INSIGHTS 171 12.4 COMPETITIVE BENCHMARKING 172 12.5 MAJOR GROWTH STRATEGIES IN THE GLOBAL MEDICAL ALERT SYSTEMS MARKET 173 12.6 THE LEADING PLAYERS IN TERMS OF NUMBER OF DEVELOPMENTS IN THE GLOBAL MEDICAL ALERT SYSTEMS MARKET 174 12.7 KEY DEVELOPMENTS & GROWTH STRATEGIES 174 12.7.1 PRODUCT LAUNCHES 175 12.7.2 ACQUISITIONS 176 12.7.3 PARTNERSHIP/COLLABORATIONS 176 13 COMPANY PROFILES 179 13.1 KONINKLIJKE PHILIPS NV 179 13.1.1 COMPANY OVERVIEW 179 13.1.2 FINANCIAL OVERVIEW 180 13.1.3 PRODUCTS/SERVICES OFFERED 180 13.1.4 KEY DEVELOPMENTS 181 13.1.5 SWOT ANALYSIS 182 13.1.6 KEY STRATEGIES 182 13.2 ADT 183 13.2.1 COMPANY OVERVIEW 183 13.2.2 FINANCIAL OVERVIEW 183 13.2.3 PRODUCTS/SERVICES OFFERED 184 13.2.4 KEY DEVELOPMENTS 184 13.2.5 SWOT ANALYSIS 185 13.2.6 KEY STRATEGIES 185 13.3 ALERTONE SERVICE INC. 186 13.3.1 COMPANY OVERVIEW 186 13.3.2 FINANCIAL OVERVIEW 186 13.3.3 PRODUCTS/SERVICES OFFERED 186 13.3.4 KEY DEVELOPMENTS 186 13.3.5 SWOT ANALYSIS 187 13.3.6 KEY STRATEGIES 187 13.4 BAY ALARM MEDICAL 188 13.4.1 COMPANY OVERVIEW 188 13.4.2 FINANCIAL OVERVIEW 188 13.4.3 PRODUCTS/SERVICES OFFERED 188 13.4.4 KEY DEVELOPMENTS 188 13.4.5 SWOT ANALYSIS 189 13.4.6 KEY STRATEGIES 189 13.5 GREATCALL 190 13.5.1 COMPANY OVERVIEW 190 13.5.2 FINANCIAL OVERVIEW 190 13.5.3 PRODUCTS/SERVICES OFFERED 191 13.5.4 KEY DEVELOPMENTS 191 13.5.5 SWOT ANALYSIS 192 13.5.6 KEY STRATEGIES 192 13.6 LIFE ALERT EMERGENCY RESPONSE, INC. 193 13.6.1 COMPANY OVERVIEW 193 13.6.2 FINANCIAL OVERVIEW 193 13.6.3 PRODUCTS/SERVICES OFFERED 193 13.6.4 KEY DEVELOPMENTS 193 13.6.5 SWOT ANALYSIS 194 13.6.6 KEY STRATEGIES 194 13.7 LOGICMARK 195 13.7.1 COMPANY OVERVIEW 195 13.7.2 FINANCIAL OVERVIEW 195 13.7.3 PRODUCTS/SERVICES OFFERED 195 13.7.4 KEY DEVELOPMENTS 195 13.7.5 SWOT ANALYSIS 196 13.7.6 KEY STRATEGIES 196 13.8 MEDICAL GUARDIAN, LLP 197 13.8.1 COMPANY OVERVIEW 197 13.8.2 FINANCIAL OVERVIEW 197 13.8.3 PRODUCTS/SERVICES OFFERED 197 13.8.4 KEY DEVELOPMENTS 197 13.8.5 SWOT ANALYSIS 198 13.8.6 KEY STRATEGIES 198 13.9 NORTEK SECURITY AND CONTROL 199 13.9.1 COMPANY OVERVIEW 199 13.9.2 FINANCIAL OVERVIEW 199 13.9.3 PRODUCTS/SERVICES OFFERED 199 13.9.4 KEY DEVELOPMENTS 200 13.9.5 SWOT ANALYSIS 201 13.9.6 KEY STRATEGIES 201 13.10 RESCUE ALERT 202 13.10.1 COMPANY OVERVIEW 202 13.10.2 FINANCIAL OVERVIEW 202 13.10.3 PRODUCTS/SERVICES OFFERED 202 13.10.4 KEY DEVELOPMENTS 202 13.10.5 SWOT ANALYSIS 203 13.10.6 KEY STRATEGY 203 13.11 TUNSTALL GROUP 204 13.11.1 COMPANY OVERVIEW 204 13.11.2 FINANCIAL OVERVIEW 204 13.11.3 PRODUCTS/SERVICES OFFERED 204 13.11.4 KEY DEVELOPMENTS 204 13.11.5 SWOT ANALYSIS 205 13.11.6 KEY STRATEGIES 205 13.12 VRI 206 13.12.1 COMPANY OVERVIEW 206 13.12.2 FINANCIAL OVERVIEW 206 13.12.3 PRODUCTS/SERVICES OFFERED 206 13.12.4 KEY DEVELOPMENTS 206 13.12.5 SWOT ANALYSIS 207 13.12.6 KEY STRATEGIES 207 14 APPENDIX 208 14.1 REFERENCES 208 14.2 RELATED REPORTS 208

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