Medical Alert Systems Market Revenue Surge to USD 16.86 billion by 2030

Industrial Burner Market

Medical alert systems (MAS), also called as Personal Emergency Response System (PERS), are medical devices designed to alert people with health issues to communicate with medical services in the case of an emergency. Medical alert systems are generally equipped with a help button that can notify users by dialing an emergency response center and connecting them to live agents. These devices are majorly used by Disabled and elderly people who do not live with their family members.

Modern comprises GPS-based mobile solutions and cellular alternatives for users and options that automatically send an alarm when a fall is notified. A rapidly aging population and growing awareness among the populace are favoring the medical alert systems market growth. Also, a strong government focus on offering financial help to the elderly is further driving the market growth.

According to the research report published by Polaris Market Research, the Global Medical Alert Systems Market Size Is Expected To Reach USD 16.86 Billion By 2030 at a CAGR of 10.9% during the forecast period.

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Medical Alert Systems Market: Growth Drivers

The increase in the geriatric population and health latency across the world is expected to boost the market growth. Also, growing technological advancement such as IoT and AI in medical alert systems is another crucial factor expected to create lucrative opportunities in the market. Moreover, the rise in the adoption of the Internet of Things across residential and healthcare sectors is fueling the market demand during the forecast period. In addition, the growing government funding for purchasing medicinal vigilant systems is also fueling the market growth. Also, the rising prevalence of chronic pain among the geriatric population is further expected to drive the market growth in the global medical alert systems market.

Medical Alert Systems Market: Market Segmentation

Insight by system type

Based on the system type segment, the mobile PERS segment accounts for the most significant revenue share in the global market in 2021 and is anticipated to continue its dominance in the forecast period. This growth is majorly driven by the obvious widespread usage of smartphones in recent years, mobile-based PERS, or mPERS. Built-in sensors, the popularity of a mobile phone app, and faster response times are additional factors driving the demand for mobile-based PERS.

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Regional Overview: Medical Alert Systems Market

Based on geography, North America led the medical alert systems market with the largest market share. The region is anticipated to maintain its dominance due to the rising local presence of leading players and growing technological advancements in the area. Also, various strategies adopted by these leading players, such as partnerships, collaborations, mergers and acquisitions, and product launches, are also driving the market growth.

The Asia Pacific is expected to record healthy growth in the global market. Essential factors driving the market growth in the region includes the growing geriatric population and the rising incidence of chronic diseases. In addition, increased healthcare awareness and increased home-based health programs are also accelerating the market growth. The rapidly increasing mobile health deployments are projected to increase the demand for PERS in this region.

Competitive Insight

Some of the major players operating in the global medical alert systems market include ADT Corporation, AlertOne Services LLC, Bay Alarm Medical, Connected America, Galaxy Medical Alert Systems, Greatcall, Inc., Guardian Alarm, Koninklijke Philips N.V., Legrand Assisted Living & Healthcare, Life Alert Emergency Response, Inc., LifeFone, LifeStation, Medical Guardian LLC, Nortek Security & Control LLC, Philips N. V., Rescue Alert, Response Now, Tunstall Healthcare Group Ltd., Valued Relationships, Inc., Vanguard Wireless, and VRI Inc.

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Industry Developments

  • In September 2021, Bay Alarm Medical, a medicinal vigilant system supplier, and Kami Visual made a partnership to integrate former Medical’s safety service with Kami’s AI platform.
  • In February 2021, Connect America, a provider of connected health solutions, made a partnership with Urban Health Plan to provide Remote Patient Monitoring (RPM) services to patients in the Bronx, Queens, and Manhattan.

The market is primarily segmented based on application, system type, technology, and region.

Medical Alert Systems: By Application Outlook

  • Home-Based users
  • Senior Living Facilities/Senior Care Centers
  • Assisted Living Facilities
  • Hospitals and Clinics
  • Others (Nursing Homes, Retirement Homes, Mental Healthcare Centers)

Medical Alert Systems: By System Type

  • Personal Emergency Response System (PERS)
  • Home-based/Landline-based System
  • Mobile PERS
  • Cellular Emergency Response System
  • Wireless Emergency Response System
  • GPS-based Emergency Response System
  • Nurse Calling System (NCS)
  • Button-based Systems
  • Integrated Communication Systems
  • Mobile Systems
  • Intercom Systems
  • Smart Belt

Medical Alert Systems: By Technology

  • Two-way Voice Systems
  • Unmonitored Medical Alert Systems
  • Medical Alert Alarm (Button) System
  • IP-based Systems

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