Market Overview:
The global 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 incidence of chronic diseases, rising geriatric population, and growing awareness about medical alert systems among consumers. The global medical alert systems 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 alert systems market owing to its low cost as compared to other types of medical alert systems and easy installation process. However, with technological advancements in mobile devices such as smartphones and tablets coupled with increasing preference for mobility among consumers worldwide;the mobiletype segment is expectedto witness high growth duringthe forecast period from 2018to 2030.
Product Definition:
Medical Alert Systems are a system that notifies emergency services and family members in the event of an emergency. These systems can be used in the home, or when out and about. They are important as they provide peace of mind for those with health conditions, or for those who are elderly and may need assistance in an emergency.
Landline Type:
A landline is a telephonic connection between two endpoints, the endpoint which initiating the call and the called party who answers. The term usually refers to a paid service provided by businesses for their employees or customers to reach out to them in case of emergency. In recent times, with growing number of mobile phone users, there has been an increase in demand for mobile-based applications that can be used instead of traditional landline phones due to its cost effectiveness and ease of use.
Mobile Type:
Mobile type is a medical device used to assist people with impaired mobility. It is mainly used by the elderly and those suffering from neurological disorders, such as stroke or Parkinson’s disease. Mobile types are battery-powered devices that use a wheelchair-like mechanism to enable mobility in patients who cannot move themselves.
The global mobile type and it's usage in medical alert systems market was valued at USD 648 million in 2016.
Application Insights:
The inside the home application segment held the largest share of over 60.0% in 2017. This is attributed to increasing demand for personal safety and medical assistance among aging population, especially in developed countries like U.S., Canada, U.K., Germany, France and Spain where there is a high prevalence of chronic diseases such as diabetes mellitus, cancer and cardiovascular diseases respectively. These systems are also installed by hospitals to ensure patient safety across all departments within a hospital complex or an entire healthcare facility complex which comprises multiple buildings or units connected by covered ways (corridors).
Medical emergencies that require immediate attention at home may call for activation of an outside the home medical alert system too where patients can directly dial 911 from their mobile phones without having to contact a landline operator first as was previously required under federal law (HIPAA).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of vendors offering advanced solutions for medical emergencies. The U.S., in particular, has one of the largest markets for GEMS due to high demand from both patients and physicians as it provides real-time information regarding health and safety issues at home as well as on mobile devices with no additional cost attached.
Asia Pacific is expected to witness lucrative growth over the next eight years owing to factors such as improving healthcare infrastructure coupled with growing awareness about these systems among end users including patients, families, friends & neighbors along with doctors & nurses resulting into faster adoption rates by consumers throughout this region compared to other regions globally which will drive growth further during that 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 alert systems, as these systems provide safety and security for elderly people living alone or with limited mobility.
- Rising awareness about medical alert systems: There is a growing awareness among consumers about the benefits of medical alert systems, which is driving their adoption across regions. In addition, increasing media coverage on cases where medical alert systems have helped save lives has resulted in an increase in consumer confidence towards these devices.
- Technological advancements: The development of new features and applications for medical alert systems is helping to drive market growth by making these devices more user-friendly and accessible. For instance, the advent of wearable technology has led to the launch of smartwatch-based medical alert systems that can be worn discreetly by users 24/7 . This helps ensure that help is always available when needed most .
- . Growing demand from emerging markets: Emerging markets such as China and India are expected to witness high growth rates for the Medical Alert Systems market due to rising disposable incomes and an increasing focus on health & safety among consumers . This presents opportunities for vendors operating in this market space . 5.. Increased partnerships between healthcare providers & device manufacturers: There has been a
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Alert Systems Market Research Report
By Type
Landline Type, Mobile Type, Standalone Type
By Application
Inside the Home, Outside the Home
By Companies
Philips Lifeline, ADT, Tunstall, Greatcall, Alert-1, Connect America, Bay Alarm Medical, Life Alert, Rescue Alert, Mobile Help, Medical Guardian, LifeStation, Galaxy Medical Alert Systems, Lifefone, Better Alerts
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Medical Alert Systems Market Report Segments:
The global Medical Alert Systems 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
Inside the Home, Outside the Home
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
- Life Alert
- Rescue Alert
- Mobile Help
- Medical Guardian
- LifeStation
- Galaxy Medical Alert Systems
- Lifefone
- Better Alerts
Highlights of The 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 Type
- Mobile Type
- Standalone Type
- By Application:
- Inside the Home
- Outside the Home
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 alert systems are a type of home security system that can help you stay safe if you have a medical condition. The system sends an emergency notification to your loved ones if you need help and they're available.
Some of the key players operating in the medical alert systems market are Philips Lifeline, ADT, Tunstall, Greatcall, Alert-1, Connect America, Bay Alarm Medical, Life Alert, Rescue Alert, Mobile Help, Medical Guardian, LifeStation, Galaxy Medical Alert Systems, Lifefone, Better Alerts.
The medical alert systems market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Alert Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Alert Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Alert Systems Market - Supply Chain
4.5. Global Medical Alert Systems Market Forecast
4.5.1. Medical Alert Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Alert Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Alert Systems Market Absolute $ Opportunity
5. Global Medical Alert Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Alert Systems Market Size and Volume Forecast by Type
5.3.1. Landline Type
5.3.2. Mobile Type
5.3.3. Standalone Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Alert Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Alert Systems Market Size and Volume Forecast by Application
6.3.1. Inside the Home
6.3.2. Outside the Home
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Alert Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Alert Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Alert Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Alert Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Alert Systems Demand Share Forecast, 2019-2026
9. North America Medical Alert Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Alert Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Alert Systems Market Size and Volume Forecast by Application
9.4.1. Inside the Home
9.4.2. Outside the Home
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Alert Systems Market Size and Volume Forecast by Type
9.7.1. Landline Type
9.7.2. Mobile Type
9.7.3. Standalone Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Alert Systems Demand Share Forecast, 2019-2026
10. Latin America Medical Alert Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Alert Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Alert Systems Market Size and Volume Forecast by Application
10.4.1. Inside the Home
10.4.2. Outside the Home
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Alert Systems Market Size and Volume Forecast by Type
10.7.1. Landline Type
10.7.2. Mobile Type
10.7.3. Standalone Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Alert Systems Demand Share Forecast, 2019-2026
11. Europe Medical Alert Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Alert Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Alert Systems Market Size and Volume Forecast by Application
11.4.1. Inside the Home
11.4.2. Outside the Home
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Alert Systems Market Size and Volume Forecast by Type
11.7.1. Landline Type
11.7.2. Mobile Type
11.7.3. Standalone Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Alert Systems Demand Share, 2019-2026
12. Asia Pacific Medical Alert Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Alert Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Alert Systems Market Size and Volume Forecast by Application
12.4.1. Inside the Home
12.4.2. Outside the Home
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Alert Systems Market Size and Volume Forecast by Type
12.7.1. Landline Type
12.7.2. Mobile Type
12.7.3. Standalone Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Alert Systems Demand Share, 2019-2026
13. Middle East & Africa Medical Alert Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Alert Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Alert Systems Market Size and Volume Forecast by Application
13.4.1. Inside the Home
13.4.2. Outside the Home
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Alert Systems Market Size and Volume Forecast by Type
13.7.1. Landline Type
13.7.2. Mobile Type
13.7.3. Standalone Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Alert Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Alert Systems Market: Market Share Analysis
14.2. Medical Alert Systems Distributors and Customers
14.3. Medical Alert Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips Lifeline
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ADT
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tunstall
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Greatcall
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alert-1
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Connect America
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bay Alarm Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Life Alert
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rescue Alert
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mobile Help
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Medical Guardian
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LifeStation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Galaxy Medical Alert Systems
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lifefone
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Better Alerts
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
