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Medical Alert Systems Trends and Forecast

The future of the global medical alert systems market looks promising with opportunities in the home-based users, senior living facilities/senior care centers, assisted living facilities, and hospitals and clinics markets. The global medical alert systems market is expected to reach an estimated $20.3 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are technology advancements in medical warning systems, a rise in health care reform that is beneficial, and government funding help for elderly persons and rising expenditure on medical services coupled with rise in emerging technologies such as IoT and AI is also boosting the market.
Medical Alert Systems Market by Type, Technology, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Medical Alert Systems Market by Segments

Medical Alert Systems by Segment

The study includes a forecast for the global medical alert systems by type, technology, application, and region.

Medical Alert Systems Market by Type [Shipment Analysis by Value from 2018 to 2030]:


• Personal Emergency Response Systems (PERS)
• Nurse Calling Systems (NCS)
• Smart Belt

Medical Alert Systems Market by Technology [Shipment Analysis by Value from 2018 to 2030]:


• Two-way Voice Systems
• Unmonitored Medical Alert Systems
• Medical Alert Alarm (Button) System
• IP-based Systems

Medical Alert Systems Market by Application [Shipment Analysis by Value from 2018 to 2030]:


• Home-Based Users
• Senior Living Facilities/Senior Care Centers
• Assisted Living Facilities
• Hospitals and Clinics
• Others

Medical Alert Systems Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Medical Alert Systems Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical alert systems companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical alert systems companies profiled in this report include-
• Medical Guardian
• Mobilehelp
• ADT Corporation
• Ascom Wireless Solutions
• Jeron Electronics Systems Inc.
• Hill-Rom Holdings
• LifeFone
• Koninklijke Philips N.V.
• Connect America
• Bay Alarm Medical

Medical Alert Systems Market Insights

Medical Alert Systems Market Insights
Lucintel forecasts that personal emergency response systems (PERS) is expected to witness highest growth over the forecast period.
Within this market, home-based users will remain the largest segment.
Asia Pacific is expected to witness highest growth over the forecast period.

Features of the Global Medical Alert Systems Market

Market Size Estimates: Medical alert systems market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical alert systems market size by type, technology, application, and region in terms of value ($B).
Regional Analysis: Medical alert systems market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, technology, application, and regions for the medical alert systems market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical alert systems market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the medical alert systems market size?
Answer: The global medical alert systems market is expected to reach an estimated $20.3 billion by 2030.
Q.2 What is the growth forecast for medical alert systems market?
Answer: The global medical alert systems market is expected to grow with a CAGR of 10.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the medical alert systems market?
Answer: The major drivers for this market are technology advancements in medical warning systems, a rise in health care reform that is beneficial, and government funding help for elderly persons and rising expenditure on medical services coupled with rise in emerging technologies such as IoT and AI is also boosting the market.
Q4. What are the major segments for medical alert systems market?
Answer: The future of the medical alert systems market looks promising with opportunities in the home-based users, senior living facilities/senior care centers, assisted living facilities, and hospitals and clinics markets.
Q5. Who are the key medical alert systems market companies?
Answer: Some of the key medical alert systems companies are as follows:
• Medical Guardian
• MobileHelp
• ADT Corporation
• Ascom Wireless Solutions
• Jeron Electronics Systems
• Hill-Rom Holdings
• LifeFone
• Koninklijke Philips
• Connect America
• Bay Alarm Medical
Q6. Which medical alert systems market segment will be the largest in future?
Answer: Lucintel forecasts that personal emergency response systems (pers) is expected to witness highest growth over the forecast period.
Q7. In medical alert systems market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the medical alert systems market by type (personal emergency response systems (PERS), nurse calling systems (NCS), and smart belt), technology (two-way voice systems, unmonitored medical alert systems, medical alert alarm (button) system, and IP-based systems), application (home-based users, senior living facilities/senior care centers, assisted living facilities, hospitals and clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Medical Alert Systems Market, Medical Alert Systems Market Size, Medical Alert Systems Market Growth, Medical Alert Systems Market Analysis, Medical Alert Systems Market Report, Medical Alert Systems Market Share, Medical Alert Systems Market Trends, Medical Alert Systems Market Forecast, Medical Alert Systems Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Medical Alert Systems Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Medical Alert Systems Market Trends (2018-2023) and Forecast (2024-2030)

3.3: Global Medical Alert Systems Market by Type
3.3.1: Personal Emergency Response Systems (PERS)
3.3.2: Nurse Calling Systems (NCS)
3.3.3: Smart Belt
3.4: Global Medical Alert Systems Market by Technology
3.4.1: Two-way Voice Systems
3.4.2: Unmonitored Medical Alert Systems
3.4.3: Medical Alert Alarm (Button) System
3.4.4: IP-based Systems
3.5: Global Medical Alert Systems Market by Application
3.5.1: Home-Based Users
3.5.2: Senior Living Facilities/Senior Care Centers
3.5.3: Assisted Living Facilities
3.5.4: Hospitals and Clinics
3.5.5: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Medical Alert Systems Market by Region
4.2: North American Medical Alert Systems Market
4.2.1: North American Medical Alert Systems Market by Type: Personal Emergency Response Systems (PERS), Nurse Calling Systems (NCS), and Smart Belt
4.2.2: North American Medical Alert Systems Market by Application: Home-Based Users, Senior Living Facilities/Senior Care Centers, Assisted Living Facilities, Hospitals and Clinics, and Others
4.3: European Medical Alert Systems Market
4.3.1: European Medical Alert Systems Market by Type: Personal Emergency Response Systems (PERS), Nurse Calling Systems (NCS), and Smart Belt
4.3.2: European Medical Alert Systems Market by Application: Home-Based Users, Senior Living Facilities/Senior Care Centers, Assisted Living Facilities, Hospitals and Clinics, and Others
4.4: APAC Medical Alert Systems Market
4.4.1: APAC Medical Alert Systems Market by Type: Personal Emergency Response Systems (PERS), Nurse Calling Systems (NCS), and Smart Belt
4.4.2: APAC Medical Alert Systems Market by Application: Home-Based Users, Senior Living Facilities/Senior Care Centers, Assisted Living Facilities, Hospitals and Clinics, and Others
4.5: ROW Medical Alert Systems Market
4.5.1: ROW Medical Alert Systems Market by Type: Personal Emergency Response Systems (PERS), Nurse Calling Systems (NCS), and Smart Belt
4.5.2: ROW Medical Alert Systems Market by Application: Home-Based Users, Senior Living Facilities/Senior Care Centers, Assisted Living Facilities, Hospitals and Clinics, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Alert Systems Market by Type
6.1.2: Growth Opportunities for the Global Medical Alert Systems Market by Technology
6.1.3: Growth Opportunities for the Global Medical Alert Systems Market by Application
6.1.4: Growth Opportunities for the Global Medical Alert Systems Market by Region
6.2: Emerging Trends in the Global Medical Alert Systems Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Alert Systems Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Alert Systems Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Medical Guardian
7.2: MobileHelp
7.3: ADT Corporation
7.4: Ascom Wireless Solutions
7.5: Jeron Electronics Systems
7.6: Hill-Rom Holdings
7.7: LifeFone
7.8: Koninklijke Philips
7.9: Connect America
7.10: Bay Alarm Medical
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.