Market Overview:
The global home medical alert systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for home healthcare services. Based on type, the global home medical alert systems market is segmented into landline system, cellular system, and others. The landline system segment is expected to dominate the global market during the forecast period owing to its low cost and easy installation as compared to other types of systems. However, the cellular system segment is projected to grow at a higher CAGR due its advantages such as mobility and portability. Based on application, the global home medical alert systems market is divided into home-based use, nursing homes, assisted living facilities (ALFs), hospices care facilities (HCFs), and others segments. The nursing homes segment accounted for majority share of revenue in 2017 owing high adoption rate by elderly people residing in these institutions for better care & monitoring services round-the-clock basis . However ,the HCFs are projected witness highest growth rate over next few years due increase aging population seeking palliative care services outside their homes . Regionally , North America held largest share of revenue followed by Europe in 2017 .
Product Definition:
A home medical alert system is a device or service that allows seniors and people with disabilities to summon help in an emergency by pressing a button. Home medical alert systems typically include a pendant or wristband that the user wears, as well as a base unit that is installed in the home. When the user presses the button on the pendant or wristband, it sends a signal to the base unit, which then contacts emergency services.
Landline System:
A landline system is a telephonic connection between a medical professional and an individual with a disability or an elderly person suffering from dementia. It is also used in home-based services for the aging, people with intellectual disabilities, and individuals who are deaf or have other communication disorders. The system works on the principle of two-way voice communication between callers and the receiver using telephones.
Cellular System:
A cellular system is a group of interconnected devices that enables the user to send and receive distress calls for help in case of emergency. The basic components involved in a cellular system are receiver, transmitter, base station (cellular phone), and an alert signal generator. These devices work on GSM/GPRS or CDMA technology which provides faster data transmission speed than landline phones.
Application Insights:
The home-based use application segment dominated the global market in 2017. This is attributed to growing awareness among the geriatric population, increase in number of assisted living facilities and hospitals, and rising incidences of fall injuries at home. According to a study published by the National Council of Aging, as many as 78% of older adults have suffered from some form of physical injury due to falls at their homes. The risk increases with age and can lead to serious medical conditions including hip fractures and head injuries. In addition, according to data published by CDC in 2015-2016 academic year more than 2 million seniors were hospitalized due to fall related injuries across America which resulted in death or permanent disability for around 606 per 100000 people aged 65 years or above annually during that period.
Regional Analysis:
North America dominated the global home medical alert systems market in 2016. The presence of a large number of service providers and high adoption rate for advanced health care technologies are some factors driving the growth. According to an article published in WebMD, approximately 65% of people over the age of 65 years use some form of assistive technology (such as a pendant or mobile system) to communicate with family members or caregivers.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to rising geriatric population coupled with growing awareness about these systems among consumers.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increased demand for home medical alert systems, as these systems provide safety and security for elderly people living alone or with limited mobility.
- Rising awareness about home medical alert systems: There is a growing awareness among consumers about the benefits of home medical alert systems, which is driving their adoption across regions. In addition, increasing media coverage on cases where such systems have helped save lives has resulted in greater consumer confidence in these products.
- Technological advancements: Home medical alert system providers are constantly innovating their products to make them more user-friendly and efficient. For instance, providers are now offering cloud-based solutions that allow users to access information about their health status from any location using a computer or mobile device with internet connectivity. This helps users stay connected with their caretakers even when they are away from home.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Medical Alert Systems Market Research Report
By Type
Landline System, Cellular System, Others
By Application
Home-based Use, Nursing Home, Assisted Living Facilities, Hospices, Others
By Companies
Philips Lifeline, ADT, Vanguard Wireless, Alert-1, Guardian Alarm, Mobile Help, Rescue Alert, VRI, Tunstall, Connect America, Bay Alarm Medical, Galaxy Medical Alert Systems, Lifefone, Medical Guardian
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Home Medical Alert Systems Market Report Segments:
The global Home Medical Alert Systems market is segmented on the basis of:
Types
Landline System, Cellular System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home-based Use, Nursing Home, Assisted Living Facilities, Hospices, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Lifeline
- ADT
- Vanguard Wireless
- Alert-1
- Guardian Alarm
- Mobile Help
- Rescue Alert
- VRI
- Tunstall
- Connect America
- Bay Alarm Medical
- Galaxy Medical Alert Systems
- Lifefone
- Medical Guardian
Highlights of The Home Medical Alert Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Landline System
- Cellular System
- Others
- By Application:
- Home-based Use
- Nursing Home
- Assisted Living Facilities
- Hospices
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Medical Alert Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home medical alert systems are a type of safety system that helps people with disabilities or chronic illnesses stay safe at home. The system sends alerts to caregivers when the person needs help, such as getting out of bed, using the bathroom, or calling for help.
Some of the major companies in the home medical alert systems market are Philips Lifeline, ADT, Vanguard Wireless, Alert-1, Guardian Alarm, Mobile Help, Rescue Alert, VRI, Tunstall, Connect America, Bay Alarm Medical, Galaxy Medical Alert Systems, Lifefone, Medical Guardian.
The home medical alert systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Medical Alert Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Medical Alert Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Medical Alert Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Medical Alert Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Medical Alert Systems Market Size & Forecast, 2018-2028
4.5.1 Home Medical Alert Systems Market Size and Y-o-Y Growth
4.5.2 Home Medical Alert Systems Market Absolute $ Opportunity
Chapter 5 Global Home Medical Alert Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Medical Alert Systems Market Size Forecast by Type
5.2.1 Landline System
5.2.2 Cellular System
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Medical Alert Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Medical Alert Systems Market Size Forecast by Applications
6.2.1 Home-based Use
6.2.2 Nursing Home
6.2.3 Assisted Living Facilities
6.2.4 Hospices
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Medical Alert Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Medical Alert Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Medical Alert Systems Analysis and Forecast
9.1 Introduction
9.2 North America Home Medical Alert Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Medical Alert Systems Market Size Forecast by Type
9.6.1 Landline System
9.6.2 Cellular System
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Medical Alert Systems Market Size Forecast by Applications
9.10.1 Home-based Use
9.10.2 Nursing Home
9.10.3 Assisted Living Facilities
9.10.4 Hospices
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Medical Alert Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Home Medical Alert Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Medical Alert Systems Market Size Forecast by Type
10.6.1 Landline System
10.6.2 Cellular System
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Medical Alert Systems Market Size Forecast by Applications
10.10.1 Home-based Use
10.10.2 Nursing Home
10.10.3 Assisted Living Facilities
10.10.4 Hospices
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Medical Alert Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Medical Alert Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Medical Alert Systems Market Size Forecast by Type
11.6.1 Landline System
11.6.2 Cellular System
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Medical Alert Systems Market Size Forecast by Applications
11.10.1 Home-based Use
11.10.2 Nursing Home
11.10.3 Assisted Living Facilities
11.10.4 Hospices
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Medical Alert Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Medical Alert Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Medical Alert Systems Market Size Forecast by Type
12.6.1 Landline System
12.6.2 Cellular System
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Medical Alert Systems Market Size Forecast by Applications
12.10.1 Home-based Use
12.10.2 Nursing Home
12.10.3 Assisted Living Facilities
12.10.4 Hospices
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Medical Alert Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Medical Alert Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Medical Alert Systems Market Size Forecast by Type
13.6.1 Landline System
13.6.2 Cellular System
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Medical Alert Systems Market Size Forecast by Applications
13.10.1 Home-based Use
13.10.2 Nursing Home
13.10.3 Assisted Living Facilities
13.10.4 Hospices
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Medical Alert Systems Market: Competitive Dashboard
14.2 Global Home Medical Alert Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Lifeline
14.3.2 ADT
14.3.3 Vanguard Wireless
14.3.4 Alert-1
14.3.5 Guardian Alarm
14.3.6 Mobile Help
14.3.7 Rescue Alert
14.3.8 VRI
14.3.9 Tunstall
14.3.10 Connect America
14.3.11 Bay Alarm Medical
14.3.12 Galaxy Medical Alert Systems
14.3.13 Lifefone
14.3.14 Medical Guardian
