The emergency call systems market size is projected to reach US$ 7,043.60 million by 2030 from US$ 3,052.05 million in 2022. The market is expected to register a CAGR of 11% during 2022–2030. Rising geriatric population and increasing installation of software solutions are likely to remain key trends in the market.
Emergency Call Systems Market Analysis
According to the United Nations (Department of Economic and Social Affairs), it has been estimated that the number of people aged 65 years or above worldwide is projected to more than double, rising from 761 million in 2021 to 1.6 billion by 2050. Among regions, Northern Africa and Western Asia and sub-Saharan Africa are expected to experience the highest growth in the number of older people over the next three decades. For elderly protection, emergency call systems are installed in various healthcare settings as they are equipped with Bluetooth Beacon in the form of a wristband or any other forms, with which an alarm can be triggered in emergency situations by a simple push button. This essentially helps the people who are facing mobility issues such as the geriatric population group.
Emergency Call Systems Market Overview
According to the Census.gov, there were about 55.8 million older population in the United States and the numbers are expected to rise in future years. Emergency call systems which are not only installed in healthcare settings but also households helps in fall detection and prevents the lives of older people living in the region. Such a factor has resulted in the growth of emergency call systems market
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You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
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Emergency Call Systems Market Drivers and Opportunities
Increasing Installation of Software Solutions Across the Hospitals and Nursing Homes to Favor Market
Emergency call systems are installed in independent & assisted living facilities, skilled care nursing homes, and medical clinics. Wireless types are being increasingly installed both at small & medium healthcare organizations and large scale organizations that improves the overall well being of the older population patient base.
Thus, the major factor leading to the emergency call systems market growth are the growing number software installations across the healthcare settings .
Innovative Product Launches
In the recent past, it has been observed that market participants are launching new products that helps physicians to monitor the patient’s continuously. For instance, in the recent past, the Emergency Response Support System (ERSS) launched a mobile App called ‘112 India’ that helps to quickly raise a request when a person is in emergency, by pressing a button to send alert messages with location data and make emergency call to 112. The concernced facility then aids the service agencies to reach out the requestor quickly.
Emergency Call Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the emergency call systems market analysis are technology and ened user.
- Based on technology, the emergency call systems market is bifurcated into wired and wireless. The wired segment held a larger market share in 2022.
- Based on end user, the emergency call systems market is segmented into hospital and clinics, assisted living and independent living facilities, ambulatory surgical centers, and others. The assisted living and independent living facilities segment is expected to witness the higher CAGR during the forecast period.
Emergency Call Systems Market Share Analysis by Geography
The geographic scope of the emergency call systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the emergency market. Increasing geriatric population and rise in technological advancements in the United States has led the growth of regional market. In May 2023, andsFree Health has expanded its product portfolio with the introduction of a new personal emergency response speaker (PERS). The new speakers join the company’s advanced, secure, medical alert devices offering, that includes smartwatches and pendants. Asia Pacific region is anticipated to grow with the highest CAGR in the coming years.
Emergency Call Systems Market Regional Insights
The regional trends and factors influencing the Emergency Call Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Emergency Call Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Emergency Call Systems Market
Emergency Call Systems Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 3,052.05 Million |
Market Size by 2030 | US$ 7,043.60 Million |
Global CAGR (2022 - 2030) | 11% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Application
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Emergency Call Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Emergency Call Systems Market are:
- HandsFree Health
- Bay Alarm Medical
- Connected America
- Medical Guardian
- ADT
- Philips LifeLine
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Emergency Call Systems Market top key players overview
Emergency Call Systems Market News and Recent Developments
The emergency call systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the emergency call systems market are listed below:
- KORE, one of the global leaders in Internet of Things ("IoT") Solutions, and Medical Guardian, one of the leading providesr of personal emergency response systems (PERS), jointly announced their collaboration on the first-ever medical alert device utilizing eSIM technology. This technology has been designed to overcome cell signal challenges and address healthcare bottlenecks by enabling electronic switching of service carriers for optimal 24/7 connectivity. (Source: KORE Wireless, Newsroom, February 2024)
- SOS Anywhere, a new technological company designed in personal emergency response systems for seniors, announced the release of its SOS Anywheremobile medical alert system. (Source: Accesswire, January 2021)
Emergency Call Systems Market Report Coverage and Deliverables
The “Emergency Call Systems Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Emergency call systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Emergency call systems market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Emergency call systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the emergency call systems market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, End User, Technology, Offering, Product Type, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The emergency call systems market size is projected to reach US$ 7,043.60 million by 2030.
The global emergency call systems market is estimated to register a CAGR of 11% during the forecast period 2022-2030
HandsFree Health, Bay Alarm Medical, Connected America, Medical Guardian, ADT, Philips LifeLine, Life Alert, MediVcare, Amazon, and Tunstall are some leading players operating in the emergency call systems market
North America has dominated the emergency call systems market in 2022
Rising geriatric population and increasing installation of software solutions are likely to remain key trends in the market..
Innovative Product launches is one of the future trends that will drive the overall emergency call systems market during the forecast period 2022-2030
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The List of Companies - Emergency Call Systems Market
- Hill-Rom Holdings Inc
- GE HealthCare Technologies Inc
- RF Technologies Inc
- BEC Integration Solutions LLC
- Mircom Technologies Ltd
- Systems Technologies Inc
- Carecaller Emergency Call Systems Inc
- Talius Group Ltd
- Ascom Holding AG
- Cornell Communication
- Hoyles Electronic Developments Ltd