Increasing smartphones penetration
to drive the growth of global medical alert systems market
According to
TechSci Research report, “Global Medical
Alert Systems Market By Connection (Wired v/s Wireless), By Type (Landline,
Mobile, Standalone), By End User (Home Based Users, Hospitals & Clinics,
Nursing Homes, Assisted Living Facilities), By Region, Forecast &
Opportunities, 2025”, the global medical alert
systems market is expected to grow at a steady rate during the forecast period on
account of the ongoing healthcare reforms in different parts of the world.
Additionally, these medical alert systems not only help in emergency but also
helps patients for routine checkups, regular medical diagnosis, sending
medicine reminders, among others. Furthermore, financial assistance to elderly
individuals and inclination towards independent living are anticipated to
propel the market over next few years. Besides, revolution of the healthcare
industry by technological advancements and technologies such as AI and IoT is
anticipated to positively impact the market growth during the next five years.
However, high cost and lack of infrastructure and trained professionals can
hamper the market growth through 2025. Additionally, lack of awareness and
adoption of medical alert systems especially in the developing economies might further
slowdown the market growth. Furthermore, false alarms and network connectivity
issues might further pose a challenge for market growth over the next few
years. Also, regulatory barriers for nurse control system might negatively
impact the market growth during forecast period.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " Global Medical Alert Systems Market"
The global
medical alert systems market is segmented based on connection, type, end user,
company and region. Based on connection, the market can be bifurcated into
wired and wireless. The wireless connection segment is expected to grow
significantly during forecast period owing to the increasing adoption of
wireless technology by the elderly population. Additionally, it has an added
advantage of providing mobility and can be used at any time anywhere in
emergency. Furthermore, introduction of smart wearable technology drives the
growth of segment. Based on type, the market can be categorized into landline,
mobile and standalone. The landline segment is expected to hold significant
market share since it is easy to use and suitable for senior citizens who stay
at home. On the other hand, the mobile segment is expected to register the
highest growth over the next few years on account of their tracking
capabilities through different technologies such as GPS, Bluetooth, etc.
Additionally, these devices are light in weight and durable and are getting
rapidly adopted by the elderly population as they allow them population to lead
an independent and healthier lifestyle. The standalone system also expected to
grow since they provide emergency protection in uncertain situations such as falling
while travelling. Based on end user, the market can be fragmented into home
based users, hospitals & clinics, nursing homes and assisted living
facilities. The home based users segment dominates the market owing to the
introduction of smart medical alert systems. Additionally, increasing adoption
of AI and IoT has improved the efficiency of these systems and provide a number
of opportunities to medical alert system providers.
Philips Lifeline, ADT
Corporation, Tunstall, Greatcall, Bay Alarm, Medical Guardian, Galaxy Medical
Alert Systems, Blue Linea, Tango Technologies, Vanguard Wireless and others are some
of the leading players operating in global medical alert systems market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their share. For instance, in January 2019,
Philips Lifeline launched a new app-based platform named Philips Cares. This
platform links the company’s senior care products into a digital ecosystem for
family caretakers. This app helps the caretakers to track and manage senior’s
care, such as reminders, scheduling tools and access to emergency services.
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“North America is expected to dominate
the global medical alert systems market during the forecast period owing to the
growing inclination of the elderly population towards independent living in the
region. Additionally, financially assistance provided by the government to take
care of elderly population and favourable healthcare regulations in the region are
further anticipated to spur the market through 2025. Furthermore, technological
advancements and adoption such as robotic healthcare system are further anticipated
to fuel the market growth over next few years. Also, the key vendors operating
in the market are expanding their business in the region creating lucrative
opportunities for the growth of market until 2025.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Medical Alert Systems Market By
Connection (Wired v/s Wireless), By Type (Landline, Mobile, Standalone), By End
User (Home Based Users, Hospitals & Clinics, Nursing Homes, Assisted Living
Facilities), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global medical
alert systems market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global medical alert systems
market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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