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Global Medical Alert Systems Market: By Product: Personal Emergency Response System, Others; By Offering; By Connection Type; By Communication Technologies; By Distribution Channel; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Medical Alert Systems Market Outlook

The global medical alert systems market attained a value of USD 6.27 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 9.55% to reach USD 10.83 billion by 2026.

 

Global Medical Alert Systems Market

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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.

 

Global Medical Alert Systems Market by Segment

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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.

 

Global Medical Alert Systems Market by Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Offering, Connection Type, Communication Technologies, Distribution Channel, End Use, Region
Breakup by Product Personal Emergency Response System, Nurse Calling System, Smart Belt 
Breakup by Offering Hardware, Services
Breakup by Connection Type Wired, Wireless
Breakup by Communication Technologies Two-way Voice Systems, Unmonitored Medical Alert Systems, Medical Alert Alarm (Button) Systems, Voip-based Systems
Breakup by Distribution Channel Pharmacies, Online Channels, Hypermarkets
Breakup by End Use Hospitals and Clinics, Home- Based Users, Senior Living Facilities, Assisted Living Facilities, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Koninklijke Philips N.V., Connect America LLC, Medical Guardian, LLP, ADT Inc., Bay Alarm Medical, Others
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
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Medical Alert Systems Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Medical Alert Systems Historical Market (2018-2022) 
    8.3    Global Medical Alert Systems Market Forecast (2023-2028)
    8.4    Global Medical Alert Systems Market by Product
        8.4.1    Personal Emergency Response System
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Nurse Calling System
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Smart Belt 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Medical Alert Systems Market by Offering
        8.5.1    Hardware
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
            8.5.1.4    Hardware by Type
                8.5.1.4.1    Console Unit
                8.5.1.4.2    Transmitter
                8.5.1.4.3    Wristband Transmitter
                8.5.1.4.4    Pendant Transmitter
                8.5.1.4.5    Sensors
        8.5.2    Services
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
            8.5.2.4    Services by Type
                8.5.2.4.1    Subscription-based Monitoring
                8.5.2.4.2    Mobile Application-based Monitoring
    8.6    Global Medical Alert Systems Market by Connection Type 
        8.6.1    Wired
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Wireless
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Medical Alert Systems Market by Communication Technologies 
        8.7.1    Two-way Voice Systems
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Unmonitored Medical Alert Systems
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Medical Alert Alarm (Button) Systems
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Voip-based Systems
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
    8.8    Global Medical Alert Systems Market by Distribution Channel
        8.8.1    Pharmacies
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022)
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Online Channels
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Hypermarkets
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
    8.9    Global Medical Alert Systems Market by End Use
        8.9.1    Hospitals and Clinics
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2022)
            8.9.1.3    Forecast Trend (2023-2028)
        8.9.2    Home- Based Users
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2022)
            8.9.2.3    Forecast Trend (2023-2028)
        8.9.3    Senior Living Facilities
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2022)
            8.9.3.3    Forecast Trend (2023-2028)
        8.9.4    Assisted Living Facilities
            8.9.4.1    Market Share
            8.9.4.2    Historical Trend (2018-2022)
            8.9.4.3    Forecast Trend (2023-2028)
        8.9.5    Others
    8.10    Global Medical Alert Systems Market by Region       
        8.10.1    North America
           8.10.1.1    Market Share
           8.10.1.2    Historical Trend (2018-2022) 
           8.10.1.3    Forecast Trend (2023-2028)
       8.10.2    Europe
           8.10.2.1    Market Share
           8.10.2.2    Historical Trend (2018-2022) 
           8.10.2.3    Forecast Trend (2023-2028)
       8.10.3    Asia Pacific
           8.10.3.1    Market Share
           8.10.3.2    Historical Trend (2018-2022) 
           8.10.3.3    Forecast Trend (2023-2028)
       8.10.4    Latin America
           8.10.4.1    Market Share
           8.10.4.2    Historical Trend (2018-2022) 
           8.10.4.3    Forecast Trend (2023-2028)
       8.10.5    Middle East and Africa
           8.10.5.1    Market Share
           8.10.5.2    Historical Trend (2018-2022) 
           8.10.5.3    Forecast Trend (2023-2028)
9    North America Medical Alert Systems Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Medical Alert Systems Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Medical  Alert Systems Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Medical Alert Systems Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Medical Alert Systems Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Koninklijke Philips N.V.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Connect America LLC
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3     Medical Guardian, LLP
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    ADT Inc.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Bay Alarm Medical
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Medical Alert Systems Market: Key Industry Highlights, 2018 and 2028
2.    Global Medical Alert Systems Historical Market: Breakup by Product (USD Billion), 2018-2022
3.    Global Medical Alert Systems Market Forecast: Breakup by Product (USD Billion), 2023-2028
4.    Global Medical Alert Systems Historical Market: Breakup by Offering (USD Billion), 2018-2022
5.    Global Medical Alert Systems Market Forecast: Breakup by Offering (USD Billion), 2023-2028
6.    Global Medical Alert Systems Historical Market: Breakup by Connection Type (USD Billion), 2018-2022
7.    Global Medical Alert Systems Market Forecast: Breakup by Connection Type (USD Billion), 2023-2028
8.    Global Medical Alert Systems Historical Market: Breakup by Communication technologies (USD Billion), 2018-2022
9.    Global Medical Alert Systems Market Forecast: Breakup by Communication technologies (USD Billion), 2023-2028
10.    Global Medical Alert Systems Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
11.    Global Medical Alert Systems Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
12.    Global Medical Alert Systems Historical Market: Breakup by End User (USD Billion), 2018-2022
13.    Global Medical Alert Systems Market Forecast: Breakup by End User (USD Billion), 2023-2028
14.    Global Medical Alert Systems Historical Market: Breakup by Region (USD Billion), 2018-2022
15.    Global Medical Alert Systems Market Forecast: Breakup by Region (USD Billion), 2023-2028
16.    North America Medical Alert Systems Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    North America Medical Alert Systems Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Europe Medical Alert Systems Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Europe Medical Alert Systems Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Asia Pacific Medical Alert Systems Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Asia Pacific Medical Alert Systems Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Latin America Medical Alert Systems Historical Market: Breakup by Country (USD Billion), 2018-2022
23.    Latin America Medical Alert Systems Market Forecast: Breakup by Country (USD Billion), 2023-2028
24.    Middle East and Africa Medical Alert Systems Historical Market: Breakup by Country (USD Billion), 2018-2022
25.    Middle East and Africa Medical Alert Systems Market Forecast: Breakup by Country (USD Billion), 2023-2028
26.    North America Historical Price Trends and Forecast 2018-2028
27.    Europe Historical Price Trends and Forecast 2018-2028
28.    Asia Pacific Historical Price Trends and Forecast 2018-2028
29.    Latin America Historical Price Trends and Forecast 2018-2028
30.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
31.    Global Medical Alert Systems Market Structure

Key Questions Answered in the Report

In 2020, the global medical alert systems market attained a value of nearly USD 6.27 billion.

The market is projected to grow at a CAGR of 9.55% between 2023 and 2028.

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.

Analyst Review

The global medical alert systems market attained a value of USD 6.27 billion in 2020, driven by the growing popularity of the gadget due to its benefits in ensuring the well-being of the elderly. Aided by the growing technological advancements and increasing geriatric population, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 9.55%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its connection types, the global medical alert systems industry can be segmented into wired and wireless, with wireless accounting for the largest market share. 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.

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.  On the basis of distribution channels, the market is segmented into pharmacies, online channels, and hypermarkets. By end-use, hospitals and clinics, home-based users, senior living facilities, and assisted living facilities, among others are the categories in the industry. The major regional markets for the  medical alert systems are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with North America accounting for the largest share of the market. The key players in the above market include Koninklijke Philips N.V., Connect America LLC, Medical Guardian, LLP, ADT Inc., and Bay Alarm Medical, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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