Global Medical Alert Systems Market Insights, Forecast to 2025
This report only includes Personal Emergency Response Systems. PERS are medical devices that are used by individuals to call for emergency medical help. These innovative devices contact the emergency care services or the user’s family members through a panic button in the form of a pendant or a wristband.
The global stand-alone type market share is 17%. The global market for standalone type will grow moderately with a positive growth rate during the forecast period. Stand-alone voice communicators, V-cube monitoring systems, transmitters, and traveling alarm systems are some of the most widely used examples of standalone PERS devices. Standalone PERS devices provide emergency protection in uncertain situations, like a sudden fall while traveling.
Inside the Home was the largest application segment in 2016, the proportion is about 70.7%.
North America region is the largest supplier of Medical Alert Systems, with a production market share nearly 48.9% in 2016. Europe is the second largest supplier of Medical Alert Systems, enjoying production market share nearly 29.2% in 2016.
North America is the largest sales place, with a sales market share nearly 47.1% in 2016. Following North America, Europe is the second largest sales place with the sales market share of 23.1%.
Market competition is intense. Philips Lifeline, ADT, Tunstall, Greatcall, etc. are the leaders of the industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
The global Medical Alert Systems market is valued at 5950 million US$ in 2018 and will reach 10700 million US$ by the end of 2025, growing at a CAGR of 7.6% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Medical Alert Systems market based on company, product type, end user and key regions.
This report studies the global market size of Medical Alert Systems in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Medical Alert Systems in these regions.
This research report categorizes the global Medical Alert Systems market by top players/brands, region, type and end user. This report also studies the global Medical Alert Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Bay Alarm Medical
Galaxy Medical Alert Systems
Market size by Product
Market size by End User
Inside the Home
Outside the Home
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Medical Alert Systems market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Medical Alert Systems market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Medical Alert Systems companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Medical Alert Systems submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Medical Alert Systems are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Medical Alert Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.