Market Overview:
The global medical alarm market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for home healthcare services. In addition, technological advancements in medical alarm systems are also contributing to the growth of the market. The global medical alarm market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into landline type, mobile type, and standalone type. The landline type segment dominates the global medical alarm market owing to its low cost and easy installation as compared to other types of alarms. However, with increasing adoption of smart devices such as smartphones and tablets globally coupled with technological advancements in mobile devices such as location tracking capabilities and fall detection sensors;the mobiletype segment is expectedto grow at a higher CAGR duringthe forecast periodthan other segments .
Product Definition:
A medical alarm is an electronic device that helps summon aid in the event of a medical emergency. These devices may be worn as pendants or wristbands, or they may be installed in the home. When activated, a medical alarm sends a signal to a monitoring center, which then notifies emergency personnel.
Landline Type:
The global landline type market size was valued at USD 2.1 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period due to its increasing demand in medical alarm industry for patient monitoring system.
Mobile Type:
Mobile type is a medical device used to diagnose and treat diseases by using the power of vibrations. It is also known as vibration therapy or massage equipment. Mobile types are portable devices that produce low-frequency vibrations for therapeutic purposes, which help in treating pain, reducing stress and anxiety, healing wounds & cuts and improving blood circulation among other functions.
Application Insights:
The home-based users segment held the largest share of over 60.0% in 2017. The growing use of medical alarms at home to prevent falls is one of the major factors contributing to this growth. According to a study published by NCBI, it has been observed that around 70% of senior citizens living at home are susceptible to fall injuries due to cognitive impairment and loss of muscle control caused due to Alzheimer¢â‚¬â„¢s disease or other similar disorders. Thus, implementation of medical alarms for preventing such accidents will help increase its usage rate among elderly people who live alone at homes across the world.
The assisted living facilities segment is expected register significant CAGR during the forecast period owing to rising geriatric population across various regions including North America, Europe.
Regional Analysis:
North America dominated the global medical alarm market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of advanced technologies, and rising geriatric population are some major factors contributing to its growth. In addition, increasing number of home-based patients is expected to drive the demand for these devices in this region. According to a study published by CDC’s National Center for Health Statistics (NCHS), around 29% of adults 65 and older were living alone in 2015; this number is likely to increase over time as there has been a significant rise among those aged 75 years and older who live alone (Alon & Deaton 2016). Thus, an increase in the prevalence of chronic conditions among such populations will further boost their usage rates thereby driving regional growth over the forecast period.
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 medical alarms, as these devices provide safety and security for elderly people living alone or with limited mobility.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as heart disease, stroke, diabetes, and cancer is increasing globally due to changing lifestyles and aging populations. This is leading to an increase in demand for medical alarms as a means of early detection and prevention of emergencies among patients with chronic conditions.
- Technological advancements: Rapid advancements in technology are resulting in innovative medical alarm products that are easier to use and provide more features than traditional alarm systems. These new products are attracting consumers who are looking for enhanced safety and security solutions for their loved ones.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Alarm Market Research Report
By Type
Landline Type, Mobile Type, Standalone Type
By Application
Home-Based Users, Senior Living Facilities, Assisted Living Facilities
By Companies
Philips Lifeline, ADT, Tunstall, Greatcall, Alert-1, Connect America, Bay Alarm Medical, Philips Lifeline
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Medical Alarm Market Report Segments:
The global Medical Alarm market is segmented on the basis of:
Types
Landline Type, Mobile Type, Standalone Type
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 Users, Senior Living Facilities, Assisted Living Facilities
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
- Tunstall
- Greatcall
- Alert-1
- Connect America
- Bay Alarm Medical
- Philips Lifeline
Highlights of The Medical Alarm 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 Type
- Mobile Type
- Standalone Type
- By Application:
- Home-Based Users
- Senior Living Facilities
- Assisted Living Facilities
- 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 Medical Alarm 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Medical alarm is a device that emits an audible signal to notify people of an emergency.
Some of the major players in the medical alarm market are Philips Lifeline, ADT, Tunstall, Greatcall, Alert-1, Connect America, Bay Alarm Medical, Philips Lifeline.
The medical alarm 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 Medical Alarm 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 Medical Alarm Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Alarm 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 Medical Alarm 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 Medical Alarm Market Size & Forecast, 2018-2028
4.5.1 Medical Alarm Market Size and Y-o-Y Growth
4.5.2 Medical Alarm Market Absolute $ Opportunity
Chapter 5 Global Medical Alarm 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 Medical Alarm Market Size Forecast by Type
5.2.1 Landline Type
5.2.2 Mobile Type
5.2.3 Standalone Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Alarm 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 Medical Alarm Market Size Forecast by Applications
6.2.1 Home-Based Users
6.2.2 Senior Living Facilities
6.2.3 Assisted Living Facilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Alarm 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 Medical Alarm 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 Medical Alarm Analysis and Forecast
9.1 Introduction
9.2 North America Medical Alarm 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 Medical Alarm Market Size Forecast by Type
9.6.1 Landline Type
9.6.2 Mobile Type
9.6.3 Standalone Type
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 Medical Alarm Market Size Forecast by Applications
9.10.1 Home-Based Users
9.10.2 Senior Living Facilities
9.10.3 Assisted Living Facilities
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 Medical Alarm Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Alarm 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 Medical Alarm Market Size Forecast by Type
10.6.1 Landline Type
10.6.2 Mobile Type
10.6.3 Standalone Type
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 Medical Alarm Market Size Forecast by Applications
10.10.1 Home-Based Users
10.10.2 Senior Living Facilities
10.10.3 Assisted Living Facilities
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 Medical Alarm Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Alarm 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 Medical Alarm Market Size Forecast by Type
11.6.1 Landline Type
11.6.2 Mobile Type
11.6.3 Standalone Type
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 Medical Alarm Market Size Forecast by Applications
11.10.1 Home-Based Users
11.10.2 Senior Living Facilities
11.10.3 Assisted Living Facilities
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 Medical Alarm Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Alarm 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 Medical Alarm Market Size Forecast by Type
12.6.1 Landline Type
12.6.2 Mobile Type
12.6.3 Standalone Type
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 Medical Alarm Market Size Forecast by Applications
12.10.1 Home-Based Users
12.10.2 Senior Living Facilities
12.10.3 Assisted Living Facilities
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) Medical Alarm Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Alarm 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) Medical Alarm Market Size Forecast by Type
13.6.1 Landline Type
13.6.2 Mobile Type
13.6.3 Standalone Type
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) Medical Alarm Market Size Forecast by Applications
13.10.1 Home-Based Users
13.10.2 Senior Living Facilities
13.10.3 Assisted Living Facilities
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 Medical Alarm Market: Competitive Dashboard
14.2 Global Medical Alarm 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 Tunstall
14.3.4 Greatcall
14.3.5 Alert-1
14.3.6 Connect America
14.3.7 Bay Alarm Medical
14.3.8 Philips Lifeline
