Medical Alert Systems are the devices that are used to summon assistance by healthcare personnel or individuals in time of emergency, through a panic button in the form of a pendant or a wristband worn by the user. These devices include Personal Emergency Response Systems (PERS), Nurse Call Systems (NCS), Ambulatory Auto Alert Systems and Automated Airborne Flight Alert System and so on.
The global stand-alone type market share is 17%. The global market for standalone type will grow moderately with a positive growth rate during the forecast period. Stand-alone voice communicators, V-cube monitoring systems, transmitters, and traveling alarm systems are some of the most widely used examples of standalone PERS devices. Standalone PERS devices provide emergency protection in uncertain situations, like a sudden fall while traveling.
Inside the Home was the largest application segment in 2016, the proportion is about 70.7%.
North America region is the largest supplier of Medical Alert Systems, with a production market share nearly 48.9% in 2016. Europe is the second largest supplier of Medical Alert Systems, enjoying production market share nearly 29.2% in 2016.
According to this study, over the next five years the Medical Alert Systems market will register a 7.5% CAGR in terms of revenue, the global market size will reach US$ 9190 million by 2024, from US$ 5950 million in 2019.
Global Medical Alert Systems Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Medical Alert Systems Industry report also provides essential attributes associated with Medical Alert Systems market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Medical Alert Systems Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Medical Alert Systems business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Medical Alert Systems market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Bay Alarm Medical
Galaxy Medical Alert Systems
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
Inside the Home
Outside the Home
The prospective of this Medical Alert Systems industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Medical Alert Systems present market share and future prospects of the segment in terms of has also been explored in this report.
Global Medical Alert Systems market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Medical Alert Systems report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Medical Alert Systems Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.