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Global Medical Alert Systems Market Growth, Size, Forecast: By Product: Personal Emergency Response System, Nurse Calling System, Smart Belt; By Offering: Hardware, Services; By Connection Type: Wired, Wireless; By Communication Technologies; By Distribution Channel; By End User; Regional Analysis; Supplier Landscape; 2024-2032
Global Medical Alert Systems Market Outlook
The growth of the medical alert systems market size is being driven by the rising technological advancements in medical alert systems across the globe. The market attained a value of about USD 7.53 billion in 2023 and is further expected to grow at a CAGR of 9.54% to attain a value of about USD 17.10 billion by 2032.
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North America to Account for a Significant Market Share of the Medical Alert Systems Industry
Region-wise, North America is expected to occupy a significant share in the industry. Within North America, the United States is likely to be a major market for medical alert systems owing to an increased utilisation of the product in hospitals and clinics and senior living facilities. The increased presence of leading players such as Bay alarm medical in the United States is aiding the regional market growth. The products offered by the companies are considered one of the top-rated alert systems used for the elderly. These products help people stay alone and get an immediate help whenever required. It is one of the most used technologies to ensure the safety of older people. Meanwhile, based on connection type, the demand for wireless systems is expected to witness a healthy growth in the forecast period. In wired type, a framework that utilises wires running throughout the home is used to transfer data back to the focal control board whereas wireless type uses a cellular network to communicate. The increasing internet penetration globally is driving the demand for wireless systems.
Medical Alert Systems: Market Segmentation
The medical alert system helps elderly people with health issues and those who live alone to get help during an emergency, be it fire, medical, or any other emergency that requires an immediate response. The user is required to press a button which is in the form of a pendant or wrist band after which the user’s information and location are sent to emergency operators.
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The major products available in the medical alert systems industry are:
- Personal Emergency Response System
- Nurse Calling System
- Smart Belt
The market can be broadly categorised on the basis of its offering into:
- Hardware
- Services
Among these, while the hardware segment is sub-divided into console unit, transmitter, wristband transmitter, pendant transmitter, and sensors, the services segment is further bifurcated into subscription-based monitoring and mobile application-based monitoring based on type.
On the basis of connection type, the market can be broadly segmented into:
- Wired
- Wireless
The market can be divided on the basis of communication technologies into:
- Two-way Voice Systems
- Unmonitored Medical Alert Systems
- Medical Alert Alarm (Button) Systems
- Voip-based Systems
By distribution channel, the market can be categorised into:
- Pharmacies
- Online Channels
- Hypermarkets
The market can be segmented on the basis of end use into:
- Hospitals and Clinics
- Home-Based Users
- Senior Living Facilities
- Assisted Living Facilities
- Others
The EMR report looks into the regional markets of medical alert systems like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Multiple Benefits of the Product to Bolster the Medical Alert Systems Industry Growth
The global market for medical alert systems is growing because of the increasing awareness of the benefits offered by the product. Medical alert systems help ensure the safety of a person staying alone and the senior citizens suffering from various ailments or health conditions. With the increasing geriatric population, the demand for medical alert systems is likely to increase in the forecast period. These systems provide an immediate response to the people trapped in some problem. Being an all-in-one wearable device that has both GPS and Wi-Fi capability along with a two-way speaker to speak with an operator, it acts as an active guardian. In addition, they can be monitored 24*7 and provide help to elderly people within a fraction of minutes. These factors are contributing to the growth of the market.
Key Industry Players in the Global Medical Alert Systems Market
The report presents a detailed analysis of the following key players in the global medical alert systems market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Koninklijke Philips N.V.
- Connect America LLC
- Medical Guardian, LLP
- ADT Inc.
- Bay Alarm Medical
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Offering |
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| Breakup by Connection Type |
|
| Breakup by Communication Technologies |
|
| Breakup by Distribution Channel |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Medical Alert Systems Market Overview
3.1 Global Medical Alert Systems Market Historical Value (2017-2023)
3.2 Global Medical Alert Systems Market Forecast Value (2024-2032)
4 Global Medical Alert Systems Market Landscape
4.1 Global Medical Alert Systems Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Medical Alert Systems Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Offering
4.2.3 Analysis by Connection Type
4.2.4 Analysis by Communication Technology
4.2.5 Analysis by Distribution Channel
4.2.6 Analysis by End User
5 Global Medical Alert Systems Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Medical Alert Systems Market Segmentation
6.1 Global Medical Alert Systems Market by Product
6.1.1 Market Overview
6.1.2 Personal Emergency Response System
6.1.3 Nurse Calling System
6.1.4 Smart Belt
6.2 Global Medical Alert Systems Market by Offering
6.2.1 Market Overview
6.2.2 Hardware
6.2.2.1 Console Unit
6.2.2.2 Transmitter
6.2.2.3 Wristband Transmitter
6.2.2.4 Pendant Transmitter
6.2.2.5 Sensors
6.2.3 Services
6.2.3.1 Subscription-based Monitoring
6.2.3.2 Mobile Application-based Monitoring
6.3 Global Medical Alert Systems Market by Connection Type
6.3.1 Market Overview
6.3.2 Wired
6.3.3 Wireless
6.4 Global Medical Alert Systems Market by Communication Technologies
6.4.1 Market Overview
6.4.2 Two-way Voice Systems
6.4.3 Unmonitored Medical Alert Systems
6.4.4 Medical Alert Alarm (Button) Systems
6.4.5 VoIP-based Systems
6.5 Global Medical Alert Systems Market by Distribution Channel
6.5.1 Market Overview
6.5.2 Pharmacies
6.5.3 Online Channels
6.5.4 Hypermarkets
6.6 Global Medical Alert Systems Market by End User
6.6.1 Market Overview
6.6.2 Home-Based User
6.6.3 Senior Living Facilities
6.6.4 Hospitals & Nursing Homes
6.6.5 Assisted Living Facilities
6.6.6 Others
6.7 Global Medical Alert Systems Market by Region
6.7.1 Market Overview
6.7.2 North America
6.7.3 Europe
6.7.4 Asia Pacific
6.7.5 Latin America
6.7.6 Middle East and Africa
7 North America Medical Alert Systems Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Medical Alert Systems Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Medical Alert Systems Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Medical Alert Systems Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Medical Alert Systems Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Koninklijke Philips N.V.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Connect America LLC
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Medical Guardian, LLP
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 ADT Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Bay Alarm Medical
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Life Alert Emergency Response, Inc.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 SafeGuardian LLC Help Alert
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Nortek Security and Control
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 ALERTONE SERVICES LLC
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Ascom Wireless Solutions
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 American Response Technologies
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Medical Guardian
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Hill-Rom Holdings Inc.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Medical Alert Systems Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2023, the global medical alert systems market attained a value of nearly USD 7.53 billion.
The market is projected to grow at a CAGR of 9.55% between 2024 and 2032.
The major industry drivers of the market are the increasing internet penetration, increased utilisation of the product in hospitals and clinics and senior living facilities, and the increased presence of leading players.
The key trends of the market include the increasing awareness of the benefits offered and the increasing geriatric population.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific with North America accounting for the largest share in the market.
The major products available in the medical alert systems industry are personal emergency response system, nurse calling system, and smart belt.
The market can be broadly categorised on the basis of its offering into hardware and services. Among these, while the hardware segment is sub-divided into console unit, transmitter, wristband transmitter, pendant transmitter, and sensors, the services segment is further bifurcated into subscription-based monitoring and mobile application-based monitoring.
Wireless systems are the dominant type of connection in the industry.
The market can be divided on the basis of communication technologies into two-way voice systems, unmonitored medical alert systems, medical alert alarm (button) systems, and voip-based systems.
By distribution channel, the market can be categorised into pharmacies, online channels, and hypermarkets.
The end-uses are hospitals and clinics, home-based users, senior living facilities, and assisted living facilities, among others.
The major players in the industry are Koninklijke Philips N.V., Connect America LLC, Medical Guardian, LLP, ADT Inc., and Bay Alarm Medical, among others.
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