Global Medical Alert Systems Market to Grow at 8% CAGR Driven by Aging Population & Chronic Diseases by 2030

The global medical alert systems market is set to witness a growth rate of ~8% in the next 5 years. Aging population coupled with rise in chronic diseases, technological advancements in systems, increasing focus on independent living, government support and healthcare policies, and increased awareness via direct-to-consumer marketing are some of the key factors driving the medical alert systems market. 

Medical alert systems, also more commonly known as Personal Emergency Response Systems (PERS), are devices that are designed to signal the presence of a health emergency and call for assistance, majorly for elderly or disabled individuals. These systems typically include wearable devices like a wristband with emergency buttons that when activated connect to monitoring centers or caregivers. Advanced models have features like automatic fall detection, GPS tracking, two-way communication, and health monitoring. Medical alert systems help users to maintain independence while ensuring rapid response during emergencies, enhancing safety and peace of mind for both users and their families or healthcare providers.

 Unlock key findings! Fill out a quick inquiry to access a sample report
https://meditechinsights.com/medical-alert-systems-market/request-sample/

Increasing focus on independent living to drive market growth

The increasing focus on independent living (especially for the elderly) is a major driving force for the medical alert systems market. Independent living is a preferred long-term solution over assisted living for many seniors, which has created new demand for solutions that promote safety and independence. Because medical alert systems come with features like real-time emergency assistance, fall detection, and remote monitoring features, they can help users live independently and with confidence. This also helps families and caregivers with peace of mind that individuals are able to get help when they need it. This trend towards maintaining some level of independence while aging, will continue to drive acceptance of more advanced, user-friendly alert systems.

Voice-activated emergency response – A key market trend  

Voice-command emergency response presents one of the top trends in the medical alert system market as it enhances accessibility, especially for a user immobilized or faced with the incapacity to press a button during an emergency. The emergency alert systems employ voice recognition technology so that someone can call for help by speaking a command. Interfacing with smart speakers and home assistants such as Amazon Alexa or Google Assistant, voice-activated alerts work hands-free and instantaneously connect the user with emergency services or caregivers. This is an extremely crucial consideration as it creates a balance between independence, ease of use, and faster response during extraordinary circumstances for the elderly and differently-abled-community.

Competitive Landscape Analysis

The global medical alert systems market is marked by the presence of established and emerging market players such as Connect America; ModivCare; ADT; Medical Guardian LLC; Bay Alarm Medical; Life Alert Emergency Response, Inc.; MobileHelp; AlertOne Services, LLC.; Rescue Alert; and LogicMark; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.

Get exclusive insights - download your sample report today 
https://meditechinsights.com/medical-alert-systems-market/request-sample/

Global Medical Alert Systems Market Segmentation

This report by Medi-Tech Insights provides the size of the global medical alert systems market at the regional- and country-level from 2023 to 2030. The report further segments the market based on component, system type, and end user.

Market Size & Forecast (2023-2030), By Component, USD Million

• Hardware
• Console Unit
• Wearables
• Sensors
• Other Hardware
• Services

Market Size & Forecast (2023-2030), By System Type, USD Million

• Personal Emergency Response Systems (PERS)
• Landline-based PERS
• Mobile PERS (mPERS)
• Standalone PERS
• Nurse Call Systems
• Smart Wearables
• Others

Market Size & Forecast (2023-2030), By End User, USD Million

• Home-based Users
• Senior Living Facilities
• Assisted Living and Long-Term Care Centers
• Hospitals and Clinics
• Others

Market Size & Forecast (2023-2030), By Region, USD Million

• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Middle East & Africa

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

Contact:

Ruta Halde
Associate, Medi-Tech Insights
 +32 498 86 80 79
 info@meditechinsights.com