Medical Alert Systems Market Size, Growth Factor, Key Players

Global Medical Alert Systems Market Size is expected to register a CAGR of 6.46% during the forecast period, with a market value of USD 17,293.6 Million till 2027.

Medical alert systems permit seniors to quickly get help in case of a fall or other medical emergencies. With the push of a button, seniors can signal a call center that is monitored throughout the day and night. Trained operators then notify first responders and help communicate the senior’s condition and medical history. Medical alert systems have gained popularity in recent years in developed countries.

The increase in geriatric population and health literacy across the globe, increasing adoption of smart & mobile emergency response systems, and technological advancements in medical alert systems are driving the medical alert systems market globally.

Segment Analysis

Global Medical Alert Systems Market is segmented into System Type, Offering, Connection Type, Application, and Technology. By system type, the market has been segmented into personal emergency response systems (PERS), nurse call systems (NCS), ambulatory auto alert systems, automated airborne flight alert systems, and smart belt. Personal Emergency Response Systems (PERS) is further divided into home-based/landline-based systems, mobile-PERS, and standalone PERS.

Regional Analysis

Global Medical Alert Systems Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas accounted for the largest share in the global medical alert systems market and was estimated to account for USD 3,973.78 million in 2019 growing at a CAGR of 5.68% by the end of the forecast period. The larger share is majorly attributed to the presence of technological advancements in the wearable healthcare sector, high incidence rates of injuries due to falls from beds, and high disposable income.

 

Be the first to comment

Please check your e-mail for a link to activate your account.

connect