Medical alert systems are alert systems that are specifically designed to detect medical emergencies. In the event of an emergency, these systems have transmitters that can be activated manually or automatically. These alerts are subsequently sent to the patient's family members or to any nearby medical facility, such as a hospital or clinic. This speeds up the process of receiving medical attention. In the event of a fall or other emergency, these systems also allow a person to contact emergency services.
The "Global Medical Alert Systems Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical alert systems market with detailed market segmentation by type, technology and end user. The report provides key statistics on the market status of the leading medical alert systems market players and offers key trends and opportunities in the market.
- Based on type the market is segmented as, landline, mobile and standalone/wall-mounted devices.
- Based on technology the market is segmented as, medical alert alarm (button) system, unmonitored medical alert systems and two-way voice systems.
- Based on end user the market is segmented as, hospitals, nursing homes, senior care centers and home healthcare.
- Technological advancements in healthcare is the key driving factor for the market growth.
- Rising geriatric population along with advancements in healthcare infrastructures.
- Increasing adoption of smart and mobile emergency response systems in medical care and healthcare.
- Increasing adoption of alert systems, tracking systems by clinics and hospitals.
- Technological advancements in medical alert system is also expected to fuel the market growth.
- However, issues such as high rate of false alarms along with stringent regulatory approval procedure are expected to restrain market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical alert systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical alert systems market in these regions.
IMPACT OF COVID-19ON MEDICAL ALERT SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the medical alert systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical alert systems market are anticipated to lucrative growth opportunities in the future with the rising demand for medical alert systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical alert systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AlertOne Services LLC
- Bay Alarm Medical
- Galaxy Medical Alert Systems.
- Guardian Security Systems, Inc.
- Koninklijke Philips N.V.
- LifeFone Medical Alert Services.
- Medical Guardian, LLP
- Rescue Alert
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.