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The growth of the medical alert systems market size is being driven by the rising technological advancements in medical alert systems across the globe. The market attained a value of about USD 8.25 billion in 2023 and is further expected to grow at a CAGR of 9.5% to attain a value of about USD 18.73 billion by 2032.
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Region-wise, North America is expected to occupy a significant share in the industry. Within North America, the United States is likely to be a major market for medical alert systems owing to an increased utilisation of the product in hospitals and clinics and senior living facilities. The increased presence of leading players such as Bay alarm medical in the United States is aiding the regional market growth. The products offered by the companies are considered one of the top-rated alert systems used for the elderly. These products help people stay alone and get an immediate help whenever required. It is one of the most used technologies to ensure the safety of older people. Meanwhile, based on connection type, the demand for wireless systems is expected to witness a healthy growth in the forecast period. In wired type, a framework that utilises wires running throughout the home is used to transfer data back to the focal control board whereas wireless type uses a cellular network to communicate. The increasing internet penetration globally is driving the demand for wireless systems.
The medical alert system helps elderly people with health issues and those who live alone to get help during an emergency, be it fire, medical, or any other emergency that requires an immediate response. The user is required to press a button which is in the form of a pendant or wrist band after which the user’s information and location are sent to emergency operators.
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The major products available in the medical alert systems industry are:
The market can be broadly categorised on the basis of its offering into:
Among these, while the hardware segment is sub-divided into console unit, transmitter, wristband transmitter, pendant transmitter, and sensors, the services segment is further bifurcated into subscription-based monitoring and mobile application-based monitoring based on type.
On the basis of connection type, the market can be broadly segmented into:
The market can be divided on the basis of communication technologies into:
By distribution channel, the market can be categorised into:
The market can be segmented on the basis of end use into:
The EMR report looks into the regional markets of medical alert systems like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global market for medical alert systems is growing because of the increasing awareness of the benefits offered by the product. Medical alert systems help ensure the safety of a person staying alone and the senior citizens suffering from various ailments or health conditions. With the increasing geriatric population, the demand for medical alert systems is likely to increase in the forecast period. These systems provide an immediate response to the people trapped in some problem. Being an all-in-one wearable device that has both GPS and Wi-Fi capability along with a two-way speaker to speak with an operator, it acts as an active guardian. In addition, they can be monitored 24*7 and provide help to elderly people within a fraction of minutes. These factors are contributing to the growth of the market.
The report presents a detailed analysis of the following key players in the global medical alert systems market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Offering |
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| Breakup by Connection Type |
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| Breakup by Communication Technologies |
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| Breakup by Distribution Channel |
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| Breakup by End User |
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| Breakup by Region |
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| Competitive Landscape |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global medical alert systems market attained a value of nearly USD 8.25 billion.
The market is projected to grow at a CAGR of 9.5% between 2024 and 2032.
The major industry drivers of the market are the increasing internet penetration, increased utilisation of the product in hospitals and clinics and senior living facilities, and the increased presence of leading players.
The key trends of the market include the increasing awareness of the benefits offered and the increasing geriatric population.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific with North America accounting for the largest share in the market.
The major products available in the medical alert systems industry are personal emergency response system, nurse calling system, and smart belt.
The market can be broadly categorised on the basis of its offering into hardware and services. Among these, while the hardware segment is sub-divided into console unit, transmitter, wristband transmitter, pendant transmitter, and sensors, the services segment is further bifurcated into subscription-based monitoring and mobile application-based monitoring.
Wireless systems are the dominant type of connection in the industry.
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, and voip-based systems.
By distribution channel, the market can be categorised into pharmacies, online channels, and hypermarkets.
The end-uses are hospitals and clinics, home-based users, senior living facilities, and assisted living facilities, among others.
The major players in the industry are Koninklijke Philips N.V., Connect America LLC, Medical Guardian, LLP, ADT Inc., and Bay Alarm Medical, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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