Los Angeles, CA -- (SBWIRE) -- 03/29/2019 -- 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 Medical Alert Systems market is valued at 5950 million US$ in 2018 is expected to reach 10700 million US$ by the end of 2025, growing at a CAGR of 7.6% during 2019-2025.
The global stand-alone type market share is 17%. The global market for the 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.
Key Players
The report includes company profiling of almost all important players of the global Medical Alert Systems market. The company profiling section offers valuable analysis on strengths and weaknesses, business developments, recent advancements, mergers and acquisitions, expansion plans, global footprint, Medical Alert Systems market presence, and product portfolios of leading market players. This information can be used by players and other market participants to maximize their profitability and streamline their business strategies.
Major players cited in the report
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
Global Medical Alert Systems Market by Product
Landline Type
Mobile Type
Standalone Type
Global Medical Alert Systems Market by Application
Inside the Home
Outside the Home
Global Medical Alert Systems Market by Region
The Medical Alert Systems market is also segmented on the basis of geography. This segmentation allows the readers to get a holistic understanding of the market. It highlights the changing nature of the economies within the geographies that are influencing the global Medical Alert Systems market. Some of the geographical regions studied in the overall market are as follows:
- The Middle East and Africa (GCC Countries and Egypt)
- North America (the United States, Mexico, and Canada)
- South America (Brazil etc.)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Questions answered in the report
- Which are the five top players of the global Medical Alert Systems market?
- How will the global Medical Alert Systems market change in the next five years?
- Which product and application will take a lion's share of the global Medical Alert Systems market?
- What are the drivers and restraints of the global Medical Alert Systems market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the global Medical Alert Systems market throughout the forecast period?
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Table of Contents
Study Coverage: This is the first section of the report that includes three or more chapters, viz. Years Considered, Study Objectives, Global Medical Alert Systems Market Growth Rate by Product, Global Medical Alert Systems Market Growth Rate by Application, Key Manufacturers Covered, Key Market Segments, and Product Scope.
Executive Summary: It offers a study on global production with a high focus on production rate and share, Medical Alert Systems market pricing and trends, capacity, and revenue. It also contains a separate chapter that explains the changes in CAGR throughout the forecast period. Furthermore, it provides analysis of raw material prices, GDP for major regions, macroscopic factors, and market drivers, issues, and trends. It also focuses on the vendor landscape, key manufacturers, and Medical Alert Systems market concentration ratio.
The Medical Alert Systems Market Regional Analysis: It offers market analysis of key regions and countries, taking into consideration their market share, revenue, Medical Alert Systems market production, and other significant factors.
Market Size by Product: Here, the analysts provide breakdown data of the global Medical Alert Systems market by product and comprehensive analysis of global revenue by product and prices by product.
Market Size by Application: It includes breakdown data of the global Medical Alert Systems market by application, consumption by application, and consumption market share by an application.
Manufacturers Profiles: Evaluating the leading manufacturers of the global Medical Alert Systems market which consists of its revenue, sales, and price of the products.
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