- Landline PERS
- Mobile PERS
- Other Types
Medical Alert Systems Market size was valued at 2.30 billion in 2022 and is estimated to reach 4.31 billion by 2029, at a CAGR of 9.4% from 2023 to 2029. Some of the key factors fueling the market growth include increasing usage of smartphones, a rise in the aging population, stringent government regulations to reorganize the NCS industry, constant innovations in technology, and easy adaptability of PERS devices and technological developments in healthcare wearables. However, regulatory barriers for nurse call systems, lack of infrastructure & trained resources, the overall cost associated with the system is high, and limited financial resources in the elderly population are hindering the market growth. This report gives market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, This report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. The company Connect America teamed with Urban Health Plan, a health center program in the United States, in February 2021 to deliver remote patient monitoring (RPM) services to patients in the Bronx, Queens, and Manhattan. Moreover, PBI analyzed the global medical alert systems market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global medical alert systems market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global medical alert systems products.
Fastest Growing Market
The acceptance of smartphone has been remarkable all over the world. The number of smartphone users internationally at a significant rate and is predicted to additionally grow by numerous hundred million in the coming few years. And while smartphones do prove of benefit during some of lifeâ€™s most vulnerable moments, they donâ€™t offer everything that personal medical alert systems do. However, because medical alert systems and smartphones have risen in popularity, some of todayâ€™s more innovative companies have come up with ways to integrate medical alert systems with smartphones thus being why medical alert apps are becoming so popular. While using a medical alert app can definitely prove of benefit during an emergency, using a smartphone during a vulnerable moment is only smooth in theory. Thereâ€™s a good chance you may not have your smartphone nearby during an emergency.
The medical alert systems market size was valued at 2.30 billion in 2022.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
The major key players operating in the medical alert systems market are: Philips Lifeline, ADT, Tunstall, Alert-1, Connect America, Bay Alarm Medical, Life Alert, Rescue Alert, Mobile Help, Medical Guardian, LifeStation, Better Alert