Healthcare
Medical Alert Systems Market is Expected to Reach $27,600 million by 2023 at a CAGR of 6.3%.
According to the new market research report by IndustryARC titled “Medical Alert Systems Market By Type (Landline, Mobile, Standalone); By End User (Home, Senior Living Facilities, Assisted Living Facilities) & By Geography 2018-2023”, the market is driven by the ageing population and rising healthcare costs.
North America dominates the Medical Alert Systems Market
North America will dominate the Medical Alert Systems during the forecast period. It is expected to reach $ 10025.21 million by 2023 at a CAGR of 5.2%. In this region, reimbursement policies and
Government regulations will drive the growth of the home healthcare sector, which in turn enhances the demand for the medical alert necklace in North America. Asia Pacific will be the fastest growing region in the coming years due to the growing home healthcare segment and government expenses on healthcare infrastructure. The ageing population is another factor which spurs the growth of medical alert bracelet in Asia Pacific.
Selected Analysis done in the full Report:
The PERS (Personal Emergency Response Systems) segment in 2017 reached revenue of $7,496 million. It will generate revenue of $10,514 million by 2023 at a CAGR of 5.8 %. PERS devices help users to ensure their personal safety and lead an independent life without depending on professional care. The increasing demand for mobility and technological advancements spur the growth of the PERS which drive the market. The landline based devices had the largest share in the PERS segment.
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Excerpts on Market Growth Factors
- Growth of the ageing population will drive the demand for medical alert devices during the forecast period.
- The increasing costs of the in hospital care enhances the demand for home healthcare devices.
- Reimbursement policies boost the growth of the medical alert systems.
- Growing use of smartphones drives the demand for medical alarm systems.
1.1. Landline
1.2. Mobile
1.3. Standalone
2. Nurse Call Systems
2.1. Traditional
2.2. Advanced
2.3. Middleware Interfacing
B. Medical Alert Systems Market By End User 1. Personal Emergency Response Systems1.1. Home-Based Users
1.2. Assisted Living Facilities
1.3. Senior Living Facilities
2. Nurse Call Systems
2.1. Hospitals
2.2. Clinics
2.3. Assisted Living Facilities
2.4. Senior Living Facilities
C. Medical Alert Systems Market by Geography (covers 17+ countries) D. Medical Alert Systems Market Entropy E. Companies Citied / Interviewed 1. ADT LLC D.B.A. ADT SECURITY SERVICES 2. ALERTONE SERVICES LLC 3. BAY ALARM MEDICALCOMPANY 4. CARELINEUK MONITORING LIMITED 5. GALAXY MEDICAL ALERT SYSTEMS, LTD 6. LIFE ALERT EMERGENCY RESPONSE, INC 7. LIFE GUARDIAN TECHNOLOGIES LLC 8. LIFEFONE PERSONAL RESPONSE SERVICES 9. LIFESTATION, INC. 10. LOGICMARK, LLC 11. MOBILEHELP 12. KONINKLIJKE PHILIPS N.V 13. MYTREX INC. DBA RESCUE ALERT 14. TUNSTALL HEALTHCARE (UK) LTD 15. VALUED RELATIONSHIPS, INC 16. Company 16+ Related Report: Media Contact: Mr. Venkat Reddy Sales Manager Email : sales@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
