Los Angeles, CA -- (SBWire) -- 04/26/2019 --Medical Alert Systems are the devices that are used to summon assistance by healthcare personnel or individuals in time of emergency, through a panic button in the form of a pendant or a wristband worn by the user. These devices include Personal Emergency Response Systems (PERS), Nurse Call Systems (NCS), Ambulatory Auto Alert Systems and Automated Airborne Flight Alert System and so on.
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.
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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 was 5950 million US$ in 2018 and is expected to 10700 million US$ by the end of 2025, growing at a CAGR of 7.6% between 2019 and 2025.
This report studies the Medical Alert Systems market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Medical Alert Systems in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
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
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By the product type, the market is primarily split into
Landline Type
Mobile Type
Standalone Type
By the end users/application, this report covers the following segments
Inside the Home
Outside the Home
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Medical Alert Systems Market Is Gigantic to Reach 10700 Million US$ by the End of 2025: Philips Lifeline, ADT, Tunstall
QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience.