Medical Alert Systems Market with COVID-19 Impact Analysis by Offering, System Type, Connection Type (Wired, Wireless), Technology, Distribution Channel(Pharmacies, Online Sales, Hypermarkets), Application and Geography - Global Forecast to 2026
The medical alert systems market is expected to grow from USD 6.8 billion in 2021 to USD 11.1 billion by 2026; it is expected to grow at a CAGR of 10.3% during the forecast period. The major driving factors for the growth of the medical alert systems market include increase in geriatric population, an increase in adoption of life saving and tracking systems and growing inclination of elderly population towards independent living.
Hardware in offering segment to witness higher CAGR growth from 2021 to 2026
In terms of CAGR, the hardware segment in offerings is expected to increase significantly the medical alert systems market during the forecast period from 2021 to 2026. The scope of the hardware segment of the medical alert systems market includes console units, transmitter, wristband transmitter, pendant transmitter, battery, and others. The majority of this hardware are used frequently in different applications like hospitals and clinics among others. Thus, the demand for hardware is expected to be high in the forecast period.
Hospital and clinics application to show significant growth in medical alert systems market, in the forecast period.
The demand for medical alert systems in hospitals and clinics is quite high. It helps monitor the patients with neurologic disorders, such as Alzheimer’s and dementia, by providing two-way communication between the caregivers and users and locating such users if they are confused or unable to figure out their destination. The purpose of medical alert systems in a safe environment, such as a hospital, is to substitute the watch of a doctor, nurse, or caregiver. The nursing or hospital staff cannot guarantee 24-hour supervision for aged patients. Medical alert systems are more helpful when people with dementia and Alzheimer’s are admitted to a hospital. Medical alert systems allow patients at hospitals to send a signal in case of any emergency or stroke. The fall detection feature in medical alert systems also aids users in reaching out to caregivers or nurses even if they are unable to press the emergency button. Thus, advanced features of the medical alert system such as GPS, motion sensors, fall detection help caregivers to know the location of the user. Adopting innovative technologies and solutions has enabled manufacturers to build medical alert systems with improved capabilities, thereby keeping up with changing trends and ensuring continued growth in the quality of care provided.
North America to account for largest market size during the forecast period
North America will be the largest market for medical alert systems. The major factors driving the medical alert systems market growth in North America are the rising adoption of mobile personal emergency response systems, the increasing geriatric population, a growing number of Alzheimer’s patients, coupled with a strong focus of seniors on independent living and financial assistance provided by the government.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the medical alert systems market. Following is the breakup of the profiles of primary participants for the report.
Research Coverage
This report segments the medical alert systems market by System Type, Offering, Technology, Connection Type, Distribution Channel, Application, and Region. It also describes major drivers, restraints, challenges, and opportunities about this market, as well as includes market share analysis, value chain analysis, porter’s five forces analysis, trade analysis, ecosystem, technological trends, pricing analysis, key patents, standards, and frameworks, and case studies/use cases.
Reasons to Buy This Report
The report will help leaders/new entrants in the medical alert systems market in the following ways:
1. The report segments the medical alert systems market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities about the medical alert systems market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the medical alert systems market. The competitive landscape section describes the competitor ecosystem.
Hardware in offering segment to witness higher CAGR growth from 2021 to 2026
In terms of CAGR, the hardware segment in offerings is expected to increase significantly the medical alert systems market during the forecast period from 2021 to 2026. The scope of the hardware segment of the medical alert systems market includes console units, transmitter, wristband transmitter, pendant transmitter, battery, and others. The majority of this hardware are used frequently in different applications like hospitals and clinics among others. Thus, the demand for hardware is expected to be high in the forecast period.
Hospital and clinics application to show significant growth in medical alert systems market, in the forecast period.
The demand for medical alert systems in hospitals and clinics is quite high. It helps monitor the patients with neurologic disorders, such as Alzheimer’s and dementia, by providing two-way communication between the caregivers and users and locating such users if they are confused or unable to figure out their destination. The purpose of medical alert systems in a safe environment, such as a hospital, is to substitute the watch of a doctor, nurse, or caregiver. The nursing or hospital staff cannot guarantee 24-hour supervision for aged patients. Medical alert systems are more helpful when people with dementia and Alzheimer’s are admitted to a hospital. Medical alert systems allow patients at hospitals to send a signal in case of any emergency or stroke. The fall detection feature in medical alert systems also aids users in reaching out to caregivers or nurses even if they are unable to press the emergency button. Thus, advanced features of the medical alert system such as GPS, motion sensors, fall detection help caregivers to know the location of the user. Adopting innovative technologies and solutions has enabled manufacturers to build medical alert systems with improved capabilities, thereby keeping up with changing trends and ensuring continued growth in the quality of care provided.
North America to account for largest market size during the forecast period
North America will be the largest market for medical alert systems. The major factors driving the medical alert systems market growth in North America are the rising adoption of mobile personal emergency response systems, the increasing geriatric population, a growing number of Alzheimer’s patients, coupled with a strong focus of seniors on independent living and financial assistance provided by the government.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the medical alert systems market. Following is the breakup of the profiles of primary participants for the report.
- By Company Type: Tier 1 – 40 %, Tier 2 – 35%, and Tier 3 – 25%
- By Designation: C-Level Executives – 57%, Managers – 29%, and Others – 14%
- By Region: North America – 40%, Europe – 30%, APAC – 20%, and RoW – 10%
Research Coverage
This report segments the medical alert systems market by System Type, Offering, Technology, Connection Type, Distribution Channel, Application, and Region. It also describes major drivers, restraints, challenges, and opportunities about this market, as well as includes market share analysis, value chain analysis, porter’s five forces analysis, trade analysis, ecosystem, technological trends, pricing analysis, key patents, standards, and frameworks, and case studies/use cases.
Reasons to Buy This Report
The report will help leaders/new entrants in the medical alert systems market in the following ways:
1. The report segments the medical alert systems market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities about the medical alert systems market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the medical alert systems market. The competitive landscape section describes the competitor ecosystem.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT PRODUCT LEVEL
1.2.4 INCLUSIONS AND EXCLUSIONS AT OFFERING LEVEL
1.2.5 INCLUSIONS AND EXCLUSIONS AT CONNECTION TYPE LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS AT END USER LEVEL
1.2.7 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL
1.3 MARKET SEGMENTATION
1.3.1 MARKETS COVERED
FIGURE 1 MEDICAL ALERT SYSTEMS MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 MEDICAL ALERT SYSTEMS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Primary participants
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for obtaining market size using bottom-up analysis (demand side)
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for obtaining market size using top-down
analysis (supply side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH 1
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH 2
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RISK ASSESSMENT
TABLE 1 RISK FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.5.1 ASSUMPTIONS
2.5.2 LIMITATIONS
3 EXECUTIVE SUMMARY
3.1 SCENARIO ANALYSIS
FIGURE 9 PRE- AND POST-COVID-19 MEDICAL ALERT SYSTEMS MARKET SIZE, BY SCENARIO, 2017–2026
3.1.1 REALISTIC SCENARIO (POST-COVID-19)
3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19)
3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19)
FIGURE 10 SMART BELTS TO EXHIBIT HIGHEST CAGR IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
FIGURE 11 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
FIGURE 12 HOME-BASED USERS TO WITNESS LARGEST STAKE IN MEDICAL ALERT SYSTEMS MARKET IN 2026
FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2020
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MEDICAL ALERT SYSTEMS MARKET
FIGURE 14 MOBILE-BASED PERS TO WITNESS HIGH ADOPTION DURING FORECAST PERIOD
4.2 MEDICAL ALERT SYSTEMS MARKET, BY END USER
FIGURE 15 HOME-BASED USERS TO ACCOUNT FOR LARGEST SIZE OF MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
4.3 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT
FIGURE 16 PERS TO CAPTURE LARGER MARKET SHARE THAN NCS IN 2026
4.4 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING
FIGURE 17 HARDWARE SEGMENT TO EXHIBIT HIGHER CAGR THAN SERVICES SEGMENT IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
4.5 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT AND REGION
FIGURE 18 NORTH AMERICA AND PERS TO ACCOUNT FOR LARGEST MARKET
SHARE IN 2026
5 MARKET OVERVIEW
5.1 MARKET DYNAMICS
FIGURE 19 MEDICAL ALERT SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.1.1 DRIVERS
5.1.1.1 Increasing geriatric population globally, along with high level of health literacy among older people
FIGURE 20 GLOBAL AND REGION-WISE GROWTH OF POPULATION AGED 60 AND OLDER, BY REGION (2017 VS. 2050)
5.1.1.2 Rising adoption of life-saving and tracking systems by hospitals and general public in pandemic and post-pandemic scenarios
5.1.1.3 Surging implementation of smart and mobile emergency response systems in medical care
5.1.1.4 Ongoing technological advancements in medical alert systems
5.1.1.5 Supporting healthcare policies and financial assistance by governments worldwide for senior citizens
5.1.1.6 Growing inclination of elders toward independent living
FIGURE 21 IMPACT ANALYSIS: DRIVERS
5.1.2 RESTRAINTS
5.1.2.1 High rate of false alarms
5.1.2.2 Stringent regulatory processes and increased testing requirements for product approval
5.1.2.3 Lower acceptability among seniors for use of technology
FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
5.1.3 OPPORTUNITIES
5.1.3.1 Positive growth outlook for healthcare sector with rising expenditure on medical services
FIGURE 23 REGIONAL PERCENTAGE OF GDP SPEND ON HEALTHCARE, 1995–2024
5.1.3.2 Important revolution brought by emerging technologies
such as IoT and AI
5.1.3.3 Untapped potential in developing countries
FIGURE 24 PERCENTAGE OF GDP SPEND ON HEALTHCARE ACROSS BRICS MEMBERS IN 2019
5.1.3.4 Rapid penetration of voice-based and mobile medical alert systems
5.1.3.5 Recent trend of assisted living centers and retirement homes designed for geriatric population
FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES
5.1.4 CHALLENGES
5.1.4.1 Integration of connected medical devices into established ecosystem
5.1.4.2 Cybersecurity risks posed by proliferation of connected medical devices
5.1.4.3 Supply chain disruptions caused due to outbreak of COVID-19
FIGURE 26 IMPACT ANALYSIS: CHALLENGES
5.2 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN MEDICAL ALERT SYSTEMS MARKET
FIGURE 27 REVENUE SHIFT IN MEDICAL ALERT SYSTEMS MARKET
5.3 PRICE TREND ANALYSIS
FIGURE 28 AVERAGE SELLING PRICES OF DIFFERENT TYPES OF MEDICAL ALERT SYSTEMS, 2017–2026 (USD)
5.4 REGULATORY LANDSCAPE
5.4.1 US
5.4.2 UK
5.4.3 INDIA
TABLE 2 LIST OF COUNTRY-BASED POLICIES, STANDARDS, AND GUIDELINES RELATED TO MEDICAL DEVICES
5.5 VALUE CHAIN ANALYSIS
FIGURE 29 MEDICAL ALERT SYSTEMS MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 30 KEY PLAYERS IN MEDICAL ALERT SYSTEMS ECOSYSTEM
TABLE 3 MEDICAL ALERT SYSTEMS MARKET: ECOSYSTEM
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 31 MEDICAL ALERT SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 4 MEDICAL ALERT SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8 TECHNOLOGY ANALYSIS
5.8.1 INTEGRATION OF IOT AND AI INTO SENIOR HEALTHCARE
5.8.2 DETECTION OF FALLS USING MACHINE LEARNING APPROACH
5.8.3 ADOPTION OF SMART WEARABLES
5.8.4 RISE OF TELEMEDICINE
5.9 PATENT ANALYSIS
5.9.1 PUBLICATION TREND
FIGURE 32 NO. OF PATENTS GRANTED EACH YEAR BETWEEN 2011 AND 2020
5.9.2 JURISDICTION ANALYSIS
FIGURE 33 JURISDICTION ANALYSIS
5.9.3 TOP PATENT OWNERS
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2011 TO 2020
TABLE 5 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS
5.10 TRADE ANALYSIS
FIGURE 35 EXPORT SCENARIO FOR HS CODE: 851769-BASED PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
FIGURE 36 IMPORT SCENARIO FOR HS CODE: 851769-BASED PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
6 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT
6.1 INTRODUCTION
FIGURE 37 PERSONAL EMERGENCY RESPONSE SYSTEM (PERS) TO ACCOUNT FOR LARGEST SIZE OF MEDICAL ALERT SYSTEMS MARKET IN 2026
TABLE 6 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 7 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 8 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
TABLE 9 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
6.2 PERSONAL EMERGENCY RESPONSE SYSTEM
TABLE 10 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY TYPE, 2017–2020 (USD MILLION)
TABLE 11 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY TYPE, 2021–2026 (USD MILLION)
TABLE 12 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY END USER, 2017–2020 (USD MILLION)
TABLE 13 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY END USER, 2021–2026 (USD MILLION)
TABLE 14 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY CONNECTION TYPE, 2017–2020 (USD MILLION)
TABLE 15 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
TABLE 16 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY REGION, 2017–2020 (USD MILLION)
TABLE 17 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY REGION, 2021–2026 (USD MILLION)
6.2.1 TRADITIONAL LANDLINE-BASED PERS
6.2.1.1 Traditional landline-based PERS proved to be user friendly
6.2.2 MOBILE-BASED PERS
6.2.2.1 Cellular emergency response system
6.2.2.1.1 Developments in communication technologies and protocols creating high demand for cellular PERS
6.2.2.2 Wireless emergency response system
6.2.2.2.1 Wireless PERS are gaining popularity owing to advances in medical technology
6.2.2.3 GPS-based emergency response system
6.2.2.3.1 GPS-based PERS devices are expected to witness highest growth rate in medical alert systems market during forecast period
6.3 NURSE CALLING SYSTEM (NCS)
TABLE 18 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY TYPE, 2017–2020 (USD MILLION)
TABLE 19 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY TYPE, 2021–2026 (USD MILLION)
TABLE 20 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY END USER, 2017–2020 (USD MILLION)
TABLE 21 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY END USER, 2021–2026 (USD MILLION)
TABLE 22 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY CONNECTION TYPE, 2017–2020 (USD MILLION)
TABLE 23 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
TABLE 24 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY REGION, 2017–2020 (USD MILLION)
TABLE 25 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY REGION, 2021–2026 (USD MILLION)
6.3.1 BUTTON-BASED SYSTEMS
6.3.1.1 Button-based systems allow patients in hospitals or healthcare settings to alert nurses or healthcare staff in medical emergencies
6.3.2 INTEGRATED COMMUNICATION SYSTEMS
6.3.2.1 Integrated communication systems enable end users to access real-time routing of text messages, calls, and clinical data
6.3.3 MOBILE SYSTEMS
6.3.3.1 Mobile nurse call systems enable easy communication between healthcare staff and doctors
6.3.4 INTERCOM SYSTEMS
6.3.4.1 Intercom systems are used inside healthcare facilities to transmit audio and video signals
6.4 SMART BELT
6.4.1 SMART BELTS TO REGISTER HIGHEST CAGR IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 26 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY END USER, 2017–2020 (USD MILLION)
TABLE 27 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY END USER, 2021–2026 (USD MILLION)
TABLE 28 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY REGION, 2017–2020 (USD MILLION)
TABLE 29 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY REGION, 2021–2026 (USD MILLION)
7 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 38 MEDICAL ALERT SYSTEMS MARKET FOR HARDWARE TO GROW AT HIGHER CAGR FROM 2021 TO 2026
TABLE 30 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 31 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING, 2021–2026 (USD MILLION)
7.2 HARDWARE
7.2.1 CONSOLE UNIT
7.2.1.1 Technological advancements have resulted in development of smart console units that can be connected to VoIP or 4G LTE network for faster communication
7.2.2 TRANSMITTER
7.2.2.1 Transmitter is battery-powered, lightweight, and waterproof button providing excellent communication capabilities
7.2.3 WRISTBAND TRANSMITTER
7.2.3.1 Wristband transmitter is most common easy-to-use on-the-go medical alert system
7.2.4 PENDANT TRANSMITTER
7.2.4.1 Pendant transmitters are available with fall detection option and are user-friendly
7.2.5 SENSORS
7.2.5.1 Sensors play crucial role in saving user’s life and unnecessary hospitalization costs
7.3 SERVICES
7.3.1 SUBSCRIPTION-BASED MONITORING
7.3.1.1 Surged demand for subscription-based services to ensure security and safety of elderly person
7.3.2 MOBILE APPLICATION-BASED MONITORING
7.3.2.1 Increased penetration and popularity of smartphones resulted in rising demand for mobile application-based monitoring services
8 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE
8.1 INTRODUCTION
FIGURE 39 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE
FIGURE 40 WIRELESS MEDICAL ALERT SYSTEMS TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
TABLE 32 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE, 2017–2020 (USD MILLION)
TABLE 33 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
8.2 WIRED
8.2.1 WIRED MEDICAL ALERT SYSTEMS ARE SUITABLE FOR SENIORS WITH SEDENTARY LIFESTYLE
TABLE 34 WIRED MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 35 WIRED MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
8.3 WIRELESS
8.3.1 PENETRATION OF WIRELESS MEDICAL ALERT SYSTEMS AMONG ELDERLY INDIVIDUALS IS HIGHER THAN WIRED MEDICAL ALERT SYSTEMS
TABLE 36 WIRELESS MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 37 WIRELESS MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
9 COMMUNICATION TECHNOLOGIES USED IN MEDICAL ALERT SYSTEMS
9.1 INTRODUCTION
9.2 TWO-WAY VOICE SYSTEMS
9.2.1 TWO-WAY VOICE SYSTEMS PROVIDE REAL-TIME ACCESS TO TEXT MESSAGES, CALLS, AND CLINICAL DATA
9.3 UNMONITORED MEDICAL ALERT SYSTEMS
9.3.1 UNMONITORED SYSTEMS ENABLE SUBSCRIPTION-FREE, TWO-WAY COMMUNICATION WITH EMERGENCY CONTACT PERSON OR SERVICE PROVIDER
9.4 MEDICAL ALERT ALARM (BUTTON) SYSTEMS
9.4.1 MEDICAL ALARMS PROVIDE CRUCIAL INFORMATION TO CLINICIANS TO MAKE DIAGNOSTIC AND TREATMENT-RELATED DECISIONS
9.5 VOIP-BASED SYSTEMS
9.5.1 VOIP-BASED MEDICAL ALERT SYSTEMS UTILIZE HIGH-SPEED INTERNET CONNECTION, ALLOWING PATIENTS TO ROUTE CALLS DIRECTLY TO THEIR ASSIGNED CAREGIVER
10 CHANNELS OF DISTRIBUTION TO MARKET MEDICAL ALERT SYSTEMS
10.1 INTRODUCTION
10.2 PHARMACIES
10.2.1 PHARMACIES ARE WIDELY PREFERRED BY BOTH MANUFACTURERS AND CONSUMERS
10.3 ONLINE CHANNELS
10.3.1 EASE OF USE AND HIGH LEVELS OF CONVENIENCE HAVE MADE ONLINE SALES PROMINENT DISTRIBUTION CHANNEL
10.4 HYPERMARKETS
10.4.1 RISING PREFERENCE FOR ONLINE PURCHASING IS REDUCING MARKET SHARE OF HYPERMARKETS
11 MEDICAL ALERT SYSTEMS MARKET, BY END USER
11.1 INTRODUCTION
FIGURE 41 ASSISTED LIVING FACILITIES TO REGISTER HIGHEST CAGR IN
MEDICAL ALERT SYSTEMS MARKET BETWEEN 2021 AND 2026
TABLE 38 MEDICAL ALERT SYSTEMS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 39 MEDICAL ALERT SYSTEMS MARKET, BY END USER, 2021–2026 (USD MILLION)
11.2 HOSPITALS AND CLINICS
11.2.1 HIGH DEMAND FOR MEDICAL ALERT SYSTEMS IN HOSPITALS AND CLINICS TO SUPERVISE PATIENTS WITH BRAIN DISORDERS
11.3 HOME-BASED USERS
11.3.1 LARGEST MARKET SHARE OF HOME-BASED USERS DUE TO INDEPENDENCE OFFERED BY MEDICAL ALERT SYSTEMS AT LOWEST COST
TABLE 40 MEDICAL ALERT SYSTEMS MARKET FOR HOME-BASED USERS, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 41 MEDICAL ALERT SYSTEMS MARKET FOR HOME-BASED USERS, BY PRODUCT, 2021–2026 (USD MILLION)
11.4 SENIOR LIVING FACILITIES
11.4.1 ENHANCED SAFETY FEATURES, REDUCED BURDEN ON STAFF, AND IMPROVED MOBILITY STIMULATE DEMAND FROM SENIOR LIVING FACILITIES TO MAINTAIN ACTIVE LIFESTYLE OF USERS
TABLE 42 MEDICAL ALERT SYSTEMS MARKET FOR SENIOR LIVING FACILITIES, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 43 MEDICAL ALERT SYSTEMS MARKET FOR SENIOR LIVING FACILITIES, BY PRODUCT, 2021–2026 (USD MILLION)
11.5 ASSISTED LIVING FACILITIES
11.5.1 INCREASED NUMBER OF ASSISTED LIVING CENTERS PUSHING DEMAND FOR MEDICAL ALERT SYSTEMS
TABLE 44 MEDICAL ALERT SYSTEMS MARKET FOR ASSISTED LIVING FACILITIES, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 45 MEDICAL ALERT SYSTEMS MARKET FOR ASSISTED LIVING FACILITIES, BY PRODUCT, 2021–2026 (USD MILLION)
11.6 OTHERS
TABLE 46 MEDICAL ALERT SYSTEMS MARKET FOR OTHER END USERS, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 47 MEDICAL ALERT SYSTEMS MARKET FOR OTHER END USERS, BY PRODUCT, 2021–2026 (USD MILLION)
12 MEDICAL ALERT SYSTEMS MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 42 GEOGRAPHIC SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET, 2021–2026
FIGURE 43 APAC TO BE FASTEST-GROWING MARKET FOR MEDICAL ALERT SYSTEMS FROM 2021 TO 2026
TABLE 48 MEDICAL ALERT SYSTEMS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 49 MEDICAL ALERT SYSTEMS MARKET, BY REGION, 2021–2026 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 44 SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA
FIGURE 45 US TO ACCOUNT FOR LARGEST SIZE OF NORTH AMERICAN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 50 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 51 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 52 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 53 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 54 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 55 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
12.2.1 US
12.2.1.1 US to capture largest share of North American market for medical alert systems market due to rising geriatric population
TABLE 56 MEDICAL ALERT SYSTEMS MARKET IN US, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 57 MEDICAL ALERT SYSTEMS MARKET IN US, BY OFFERING, 2021–2026 (USD MILLION)
12.2.2 CANADA
12.2.2.1 Canada to witness highest growth rate in North American market for medical alert systems
TABLE 58 MEDICAL ALERT SYSTEMS MARKET IN CANADA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 59 MEDICAL ALERT SYSTEMS MARKET IN CANADA, BY OFFERING, 2021–2026 (USD MILLION)
12.2.3 MEXICO
12.2.3.1 Mexican market growth is driven by rising need for improved medical infrastructure
TABLE 60 MEDICAL ALERT SYSTEMS MARKET IN MEXICO, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 61 MEDICAL ALERT SYSTEMS MARKET IN MEXICO, BY OFFERING, 2021–2026 (USD MILLION)
12.2.4 IMPACT OF COVID-19 ON MEDICAL ALERT SYSTEMS MARKET IN
NORTH AMERICA
12.3 EUROPE
FIGURE 46 SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET IN EUROPE
FIGURE 47 MEDICAL ALERT SYSTEMS MARKET IN SPAIN TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 62 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 63 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 64 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 65 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 66 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 67 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
12.3.1 UK
12.3.1.1 Rising awareness among elderly citizens regarding benefits of medical alert systems to boost market growth in UK
TABLE 68 MEDICAL ALERT SYSTEMS MARKET IN UK, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 69 MEDICAL ALERT SYSTEMS MARKET IN UK, BY OFFERING, 2021–2026 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 Growing inclination of older adults toward independent living to accelerate market growth in Germany
TABLE 70 MEDICAL ALERT SYSTEMS MARKET IN GERMANY, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 71 MEDICAL ALERT SYSTEMS MARKET IN GERMANY, BY OFFERING, 2021–2026 (USD MILLION)
12.3.3 FRANCE
12.3.3.1 Increasing healthcare expenditure to fuel growth of medical alert systems market in France
TABLE 72 MEDICAL ALERT SYSTEMS MARKET IN FRANCE, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 73 MEDICAL ALERT SYSTEMS MARKET IN FRANCE, BY OFFERING, 2021–2026 (USD MILLION)
12.3.4 ITALY
12.3.4.1 Increasing elderly population, along with elevated demand for advanced technology, to propel growth of Italian medical alert systems market
TABLE 74 MEDICAL ALERT SYSTEMS MARKET IN ITALY, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 75 MEDICAL ALERT SYSTEMS MARKET IN ITALY, BY OFFERING, 2021–2026 (USD MILLION)
12.3.5 SPAIN
12.3.5.1 Developing private healthcare sector in Spain providing opportunities to players in medical alert systems market
TABLE 76 MEDICAL ALERT SYSTEMS MARKET IN SPAIN, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 77 MEDICAL ALERT SYSTEMS MARKET IN SPAIN, BY OFFERING, 2021–2026 (USD MILLION)
12.3.6 REST OF EUROPE
TABLE 78 MEDICAL ALERT SYSTEMS MARKET IN REST OF EUROPE, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 79 MEDICAL ALERT SYSTEMS MARKET IN REST OF EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
12.3.7 IMPACT OF COVID-19 ON MEDICAL ALERT SYSTEMS MARKET IN EUROPE
12.4 ASIA PACIFIC (APAC)
FIGURE 48 SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET IN APAC
FIGURE 49 AUSTRALIA TO WITNESS HIGHEST CAGR IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 80 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 81 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 82 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 83 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 84 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 85 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY OFFERING, 2021–2026 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Healthcare sector in China is expanding at faster rate, creating opportunity for affordable and easy-to-use medical technologies such as medical alert systems
TABLE 86 MEDICAL ALERT SYSTEMS MARKET IN CHINA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 87 MEDICAL ALERT SYSTEMS MARKET IN CHINA, BY OFFERING, 2021–2026 (USD MILLION)
12.4.2 JAPAN
12.4.2.1 Japan has almost 25% of population 65 years old and above, thereby creating growth opportunities for market players
TABLE 88 MEDICAL ALERT SYSTEMS MARKET IN JAPAN, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 89 MEDICAL ALERT SYSTEMS MARKET IN JAPAN, BY OFFERING, 2021–2026 (USD MILLION)
12.4.3 AUSTRALIA
12.4.3.1 Australian market is driven by high expenditure toward modern healthcare services
TABLE 90 MEDICAL ALERT SYSTEMS MARKET IN AUSTRALIA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 91 MEDICAL ALERT SYSTEMS MARKET IN AUSTRALIA, BY OFFERING, 2021–2026 (USD MILLION)
12.4.4 SOUTH KOREA
12.4.4.1 High penetration of technology among South Korean senior population has resulted in increased demand for medical devices such as medical alert systems
TABLE 92 MEDICAL ALERT SYSTEMS MARKET IN SOUTH KOREA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 93 MEDICAL ALERT SYSTEMS MARKET IN SOUTH KOREA, BY OFFERING, 2021–2026 (USD MILLION)
12.4.5 REST OF APAC
TABLE 94 MEDICAL ALERT SYSTEMS MARKET IN REST OF APAC, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 95 MEDICAL ALERT SYSTEMS MARKET IN REST OF APAC, BY OFFERING, 2021–2026 (USD MILLION)
12.4.6 IMPACT OF COVID-19 ON MEDICAL ALERT SYSTEMS MARKET IN APAC
12.5 REST OF THE WORLD (ROW)
TABLE 96 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 97 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 98 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 99 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 100 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 101 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY OFFERING, 2021–2026 (USD MILLION)
12.5.1 MIDDLE EAST & AFRICA
12.5.1.1 Middle East & Africa to account for larger market size in
RoW region throughout forecast period
TABLE 102 MEDICAL ALERT SYSTEMS MARKET IN MIDDLE EAST & AFRICA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 103 MEDICAL ALERT SYSTEMS MARKET IN MIDDLE EAST & AFRICA, BY OFFERING, 2021–2026 (USD MILLION)
12.5.2 SOUTH AMERICA
12.5.2.1 South America to exhibit higher CAGR in medical alert systems market in RoW during forecast period
TABLE 104 MEDICAL ALERT SYSTEMS MARKET IN SOUTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 105 MEDICAL ALERT SYSTEMS MARKET IN SOUTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
FIGURE 50 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGIES BETWEEN JANUARY 2018 AND MAY 2021
13.2 MARKET EVALUATION FRAMEWORK
TABLE 106 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MEDICAL ALERT SYSTEM MANUFACTURERS
13.2.1 PRODUCT PORTFOLIO
13.2.2 REGIONAL FOCUS
13.2.3 MANUFACTURING FOOTPRINT
13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
13.3 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2020
TABLE 107 MEDICAL ALERT SYSTEMS MARKET: DEGREE OF COMPETITION
TABLE 108 SHARE OF LEADING PLAYERS IN MEDICAL ALERT SYSTEMS MARKET, 2020
TABLE 109 MARKET RANKING ANALYSIS: MEDICAL ALERT SYSTEMS MARKET, 2020
13.4 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN MEDICAL ALERT SYSTEMS MARKET
FIGURE 51 REVENUE ANALYSIS OF KEY COMPANIES FROM 2016 TO 2020 (USD BILLION)
13.5 COMPETITIVE SITUATIONS AND TRENDS
13.5.1 PRODUCT LAUNCHES
TABLE 110 MEDICAL ALERT SYSTEMS MARKET: PRODUCT LAUNCHES, JANUARY 2018–MAY 2021
13.5.2 DEALS
TABLE 111 MEDICAL ALERT SYSTEMS MARKET: DEALS, JANUARY 2018– MAY 2021
13.6 COMPANY EVALUATION MATRIX, 2020
13.6.1 STAR
13.6.2 PERVASIVE
13.6.3 PARTICIPANT
13.6.4 EMERGING LEADER
FIGURE 52 MEDICAL ALERT SYSTEMS MARKET (GLOBAL), COMPANY EVALUATION MATRIX (2020)
13.7 STARTUP/SME EVALUATION MATRIX, 2020
13.7.1 PROGRESSIVE COMPANY
13.7.2 RESPONSIVE COMPANY
13.7.3 DYNAMIC COMPANY
13.7.4 STARTING BLOCK
FIGURE 53 MEDICAL ALERT SYSTEMS MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX (2020)
13.8 COMPETITIVE BENCHMARKING
TABLE 112 COMPANY END USER FOOTPRINT
TABLE 113 COMPANY REGION FOOTPRINT
TABLE 114 COMPANY FOOTPRINT
14 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 INTRODUCTION
14.2 KEY PLAYERS
14.2.1 PHILIPS
TABLE 115 PHILIPS: BUSINESS OVERVIEW
FIGURE 54 PHILIPS: COMPANY SNAPSHOT
14.2.2 CONNECT AMERICA
TABLE 116 CONNECT AMERICA: BUSINESS OVERVIEW
14.2.3 VALUED RELATIONSHIPS
TABLE 117 VALUED RELATIONSHIPS: BUSINESS OVERVIEW
14.2.4 MEDICAL GUARDIAN
TABLE 118 MEDICAL GUARDIAN: BUSINESS OVERVIEW
14.2.5 ADT
TABLE 119 ADT: BUSINESS OVERVIEW
FIGURE 55 ADT: COMPANY SNAPSHOT
14.2.6 GUARDIAN ALARM
TABLE 120 GUARDIAN ALARM: BUSINESS OVERVIEW
14.2.7 BAY ALARM MEDICAL
TABLE 121 BAY ALARM MEDICAL: BUSINESS OVERVIEW
14.2.8 MOBILEHELP
TABLE 122 MOBILEHELP: BUSINESS OVERVIEW
14.2.9 ALERT1
TABLE 123 ALERT1: BUSINESS OVERVIEW
14.2.10 LIFEFONE
TABLE 124 LIFEFONE: BUSINESS OVERVIEW
14.3 OTHER IMPORTANT PLAYERS
14.3.1 NORTEK CONTROL (NUMERA)
14.3.2 GALAXY MEDICAL ALERT SYSTEMS
14.3.3 RESPONSE NOW
14.3.4 LIFESTATION
14.3.5 RESCUE ALERT
14.3.6 BETTER ALERTS
14.3.7 INTERCALL SYSTEMS
14.3.8 LIVELY
14.3.9 CORNELL COMMUNICATIONS
14.3.10 BLUELINEA
14.3.11 ACTIVEPROTECTIVE
14.3.12 ALOE CARE HEALTH
14.3.13 VANGUARD WIRELESS
14.3.14 QMEDIC
14.3.15 TUNSTALL
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT PRODUCT LEVEL
1.2.4 INCLUSIONS AND EXCLUSIONS AT OFFERING LEVEL
1.2.5 INCLUSIONS AND EXCLUSIONS AT CONNECTION TYPE LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS AT END USER LEVEL
1.2.7 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL
1.3 MARKET SEGMENTATION
1.3.1 MARKETS COVERED
FIGURE 1 MEDICAL ALERT SYSTEMS MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 MEDICAL ALERT SYSTEMS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Primary participants
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for obtaining market size using bottom-up analysis (demand side)
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for obtaining market size using top-down
analysis (supply side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH 1
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH 2
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RISK ASSESSMENT
TABLE 1 RISK FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.5.1 ASSUMPTIONS
2.5.2 LIMITATIONS
3 EXECUTIVE SUMMARY
3.1 SCENARIO ANALYSIS
FIGURE 9 PRE- AND POST-COVID-19 MEDICAL ALERT SYSTEMS MARKET SIZE, BY SCENARIO, 2017–2026
3.1.1 REALISTIC SCENARIO (POST-COVID-19)
3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19)
3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19)
FIGURE 10 SMART BELTS TO EXHIBIT HIGHEST CAGR IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
FIGURE 11 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
FIGURE 12 HOME-BASED USERS TO WITNESS LARGEST STAKE IN MEDICAL ALERT SYSTEMS MARKET IN 2026
FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2020
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MEDICAL ALERT SYSTEMS MARKET
FIGURE 14 MOBILE-BASED PERS TO WITNESS HIGH ADOPTION DURING FORECAST PERIOD
4.2 MEDICAL ALERT SYSTEMS MARKET, BY END USER
FIGURE 15 HOME-BASED USERS TO ACCOUNT FOR LARGEST SIZE OF MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
4.3 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT
FIGURE 16 PERS TO CAPTURE LARGER MARKET SHARE THAN NCS IN 2026
4.4 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING
FIGURE 17 HARDWARE SEGMENT TO EXHIBIT HIGHER CAGR THAN SERVICES SEGMENT IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
4.5 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT AND REGION
FIGURE 18 NORTH AMERICA AND PERS TO ACCOUNT FOR LARGEST MARKET
SHARE IN 2026
5 MARKET OVERVIEW
5.1 MARKET DYNAMICS
FIGURE 19 MEDICAL ALERT SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.1.1 DRIVERS
5.1.1.1 Increasing geriatric population globally, along with high level of health literacy among older people
FIGURE 20 GLOBAL AND REGION-WISE GROWTH OF POPULATION AGED 60 AND OLDER, BY REGION (2017 VS. 2050)
5.1.1.2 Rising adoption of life-saving and tracking systems by hospitals and general public in pandemic and post-pandemic scenarios
5.1.1.3 Surging implementation of smart and mobile emergency response systems in medical care
5.1.1.4 Ongoing technological advancements in medical alert systems
5.1.1.5 Supporting healthcare policies and financial assistance by governments worldwide for senior citizens
5.1.1.6 Growing inclination of elders toward independent living
FIGURE 21 IMPACT ANALYSIS: DRIVERS
5.1.2 RESTRAINTS
5.1.2.1 High rate of false alarms
5.1.2.2 Stringent regulatory processes and increased testing requirements for product approval
5.1.2.3 Lower acceptability among seniors for use of technology
FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
5.1.3 OPPORTUNITIES
5.1.3.1 Positive growth outlook for healthcare sector with rising expenditure on medical services
FIGURE 23 REGIONAL PERCENTAGE OF GDP SPEND ON HEALTHCARE, 1995–2024
5.1.3.2 Important revolution brought by emerging technologies
such as IoT and AI
5.1.3.3 Untapped potential in developing countries
FIGURE 24 PERCENTAGE OF GDP SPEND ON HEALTHCARE ACROSS BRICS MEMBERS IN 2019
5.1.3.4 Rapid penetration of voice-based and mobile medical alert systems
5.1.3.5 Recent trend of assisted living centers and retirement homes designed for geriatric population
FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES
5.1.4 CHALLENGES
5.1.4.1 Integration of connected medical devices into established ecosystem
5.1.4.2 Cybersecurity risks posed by proliferation of connected medical devices
5.1.4.3 Supply chain disruptions caused due to outbreak of COVID-19
FIGURE 26 IMPACT ANALYSIS: CHALLENGES
5.2 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN MEDICAL ALERT SYSTEMS MARKET
FIGURE 27 REVENUE SHIFT IN MEDICAL ALERT SYSTEMS MARKET
5.3 PRICE TREND ANALYSIS
FIGURE 28 AVERAGE SELLING PRICES OF DIFFERENT TYPES OF MEDICAL ALERT SYSTEMS, 2017–2026 (USD)
5.4 REGULATORY LANDSCAPE
5.4.1 US
5.4.2 UK
5.4.3 INDIA
TABLE 2 LIST OF COUNTRY-BASED POLICIES, STANDARDS, AND GUIDELINES RELATED TO MEDICAL DEVICES
5.5 VALUE CHAIN ANALYSIS
FIGURE 29 MEDICAL ALERT SYSTEMS MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 30 KEY PLAYERS IN MEDICAL ALERT SYSTEMS ECOSYSTEM
TABLE 3 MEDICAL ALERT SYSTEMS MARKET: ECOSYSTEM
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 31 MEDICAL ALERT SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 4 MEDICAL ALERT SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8 TECHNOLOGY ANALYSIS
5.8.1 INTEGRATION OF IOT AND AI INTO SENIOR HEALTHCARE
5.8.2 DETECTION OF FALLS USING MACHINE LEARNING APPROACH
5.8.3 ADOPTION OF SMART WEARABLES
5.8.4 RISE OF TELEMEDICINE
5.9 PATENT ANALYSIS
5.9.1 PUBLICATION TREND
FIGURE 32 NO. OF PATENTS GRANTED EACH YEAR BETWEEN 2011 AND 2020
5.9.2 JURISDICTION ANALYSIS
FIGURE 33 JURISDICTION ANALYSIS
5.9.3 TOP PATENT OWNERS
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2011 TO 2020
TABLE 5 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS
5.10 TRADE ANALYSIS
FIGURE 35 EXPORT SCENARIO FOR HS CODE: 851769-BASED PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
FIGURE 36 IMPORT SCENARIO FOR HS CODE: 851769-BASED PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
6 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT
6.1 INTRODUCTION
FIGURE 37 PERSONAL EMERGENCY RESPONSE SYSTEM (PERS) TO ACCOUNT FOR LARGEST SIZE OF MEDICAL ALERT SYSTEMS MARKET IN 2026
TABLE 6 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 7 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 8 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
TABLE 9 MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
6.2 PERSONAL EMERGENCY RESPONSE SYSTEM
TABLE 10 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY TYPE, 2017–2020 (USD MILLION)
TABLE 11 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY TYPE, 2021–2026 (USD MILLION)
TABLE 12 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY END USER, 2017–2020 (USD MILLION)
TABLE 13 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY END USER, 2021–2026 (USD MILLION)
TABLE 14 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY CONNECTION TYPE, 2017–2020 (USD MILLION)
TABLE 15 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
TABLE 16 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY REGION, 2017–2020 (USD MILLION)
TABLE 17 MEDICAL ALERT SYSTEMS MARKET FOR PERS, BY REGION, 2021–2026 (USD MILLION)
6.2.1 TRADITIONAL LANDLINE-BASED PERS
6.2.1.1 Traditional landline-based PERS proved to be user friendly
6.2.2 MOBILE-BASED PERS
6.2.2.1 Cellular emergency response system
6.2.2.1.1 Developments in communication technologies and protocols creating high demand for cellular PERS
6.2.2.2 Wireless emergency response system
6.2.2.2.1 Wireless PERS are gaining popularity owing to advances in medical technology
6.2.2.3 GPS-based emergency response system
6.2.2.3.1 GPS-based PERS devices are expected to witness highest growth rate in medical alert systems market during forecast period
6.3 NURSE CALLING SYSTEM (NCS)
TABLE 18 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY TYPE, 2017–2020 (USD MILLION)
TABLE 19 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY TYPE, 2021–2026 (USD MILLION)
TABLE 20 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY END USER, 2017–2020 (USD MILLION)
TABLE 21 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY END USER, 2021–2026 (USD MILLION)
TABLE 22 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY CONNECTION TYPE, 2017–2020 (USD MILLION)
TABLE 23 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
TABLE 24 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY REGION, 2017–2020 (USD MILLION)
TABLE 25 MEDICAL ALERT SYSTEMS MARKET FOR NCS, BY REGION, 2021–2026 (USD MILLION)
6.3.1 BUTTON-BASED SYSTEMS
6.3.1.1 Button-based systems allow patients in hospitals or healthcare settings to alert nurses or healthcare staff in medical emergencies
6.3.2 INTEGRATED COMMUNICATION SYSTEMS
6.3.2.1 Integrated communication systems enable end users to access real-time routing of text messages, calls, and clinical data
6.3.3 MOBILE SYSTEMS
6.3.3.1 Mobile nurse call systems enable easy communication between healthcare staff and doctors
6.3.4 INTERCOM SYSTEMS
6.3.4.1 Intercom systems are used inside healthcare facilities to transmit audio and video signals
6.4 SMART BELT
6.4.1 SMART BELTS TO REGISTER HIGHEST CAGR IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 26 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY END USER, 2017–2020 (USD MILLION)
TABLE 27 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY END USER, 2021–2026 (USD MILLION)
TABLE 28 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY REGION, 2017–2020 (USD MILLION)
TABLE 29 MEDICAL ALERT SYSTEMS MARKET FOR SMART BELT, BY REGION, 2021–2026 (USD MILLION)
7 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 38 MEDICAL ALERT SYSTEMS MARKET FOR HARDWARE TO GROW AT HIGHER CAGR FROM 2021 TO 2026
TABLE 30 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 31 MEDICAL ALERT SYSTEMS MARKET, BY OFFERING, 2021–2026 (USD MILLION)
7.2 HARDWARE
7.2.1 CONSOLE UNIT
7.2.1.1 Technological advancements have resulted in development of smart console units that can be connected to VoIP or 4G LTE network for faster communication
7.2.2 TRANSMITTER
7.2.2.1 Transmitter is battery-powered, lightweight, and waterproof button providing excellent communication capabilities
7.2.3 WRISTBAND TRANSMITTER
7.2.3.1 Wristband transmitter is most common easy-to-use on-the-go medical alert system
7.2.4 PENDANT TRANSMITTER
7.2.4.1 Pendant transmitters are available with fall detection option and are user-friendly
7.2.5 SENSORS
7.2.5.1 Sensors play crucial role in saving user’s life and unnecessary hospitalization costs
7.3 SERVICES
7.3.1 SUBSCRIPTION-BASED MONITORING
7.3.1.1 Surged demand for subscription-based services to ensure security and safety of elderly person
7.3.2 MOBILE APPLICATION-BASED MONITORING
7.3.2.1 Increased penetration and popularity of smartphones resulted in rising demand for mobile application-based monitoring services
8 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE
8.1 INTRODUCTION
FIGURE 39 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE
FIGURE 40 WIRELESS MEDICAL ALERT SYSTEMS TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
TABLE 32 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE, 2017–2020 (USD MILLION)
TABLE 33 MEDICAL ALERT SYSTEMS MARKET, BY CONNECTION TYPE, 2021–2026 (USD MILLION)
8.2 WIRED
8.2.1 WIRED MEDICAL ALERT SYSTEMS ARE SUITABLE FOR SENIORS WITH SEDENTARY LIFESTYLE
TABLE 34 WIRED MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 35 WIRED MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
8.3 WIRELESS
8.3.1 PENETRATION OF WIRELESS MEDICAL ALERT SYSTEMS AMONG ELDERLY INDIVIDUALS IS HIGHER THAN WIRED MEDICAL ALERT SYSTEMS
TABLE 36 WIRELESS MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 37 WIRELESS MEDICAL ALERT SYSTEMS MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
9 COMMUNICATION TECHNOLOGIES USED IN MEDICAL ALERT SYSTEMS
9.1 INTRODUCTION
9.2 TWO-WAY VOICE SYSTEMS
9.2.1 TWO-WAY VOICE SYSTEMS PROVIDE REAL-TIME ACCESS TO TEXT MESSAGES, CALLS, AND CLINICAL DATA
9.3 UNMONITORED MEDICAL ALERT SYSTEMS
9.3.1 UNMONITORED SYSTEMS ENABLE SUBSCRIPTION-FREE, TWO-WAY COMMUNICATION WITH EMERGENCY CONTACT PERSON OR SERVICE PROVIDER
9.4 MEDICAL ALERT ALARM (BUTTON) SYSTEMS
9.4.1 MEDICAL ALARMS PROVIDE CRUCIAL INFORMATION TO CLINICIANS TO MAKE DIAGNOSTIC AND TREATMENT-RELATED DECISIONS
9.5 VOIP-BASED SYSTEMS
9.5.1 VOIP-BASED MEDICAL ALERT SYSTEMS UTILIZE HIGH-SPEED INTERNET CONNECTION, ALLOWING PATIENTS TO ROUTE CALLS DIRECTLY TO THEIR ASSIGNED CAREGIVER
10 CHANNELS OF DISTRIBUTION TO MARKET MEDICAL ALERT SYSTEMS
10.1 INTRODUCTION
10.2 PHARMACIES
10.2.1 PHARMACIES ARE WIDELY PREFERRED BY BOTH MANUFACTURERS AND CONSUMERS
10.3 ONLINE CHANNELS
10.3.1 EASE OF USE AND HIGH LEVELS OF CONVENIENCE HAVE MADE ONLINE SALES PROMINENT DISTRIBUTION CHANNEL
10.4 HYPERMARKETS
10.4.1 RISING PREFERENCE FOR ONLINE PURCHASING IS REDUCING MARKET SHARE OF HYPERMARKETS
11 MEDICAL ALERT SYSTEMS MARKET, BY END USER
11.1 INTRODUCTION
FIGURE 41 ASSISTED LIVING FACILITIES TO REGISTER HIGHEST CAGR IN
MEDICAL ALERT SYSTEMS MARKET BETWEEN 2021 AND 2026
TABLE 38 MEDICAL ALERT SYSTEMS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 39 MEDICAL ALERT SYSTEMS MARKET, BY END USER, 2021–2026 (USD MILLION)
11.2 HOSPITALS AND CLINICS
11.2.1 HIGH DEMAND FOR MEDICAL ALERT SYSTEMS IN HOSPITALS AND CLINICS TO SUPERVISE PATIENTS WITH BRAIN DISORDERS
11.3 HOME-BASED USERS
11.3.1 LARGEST MARKET SHARE OF HOME-BASED USERS DUE TO INDEPENDENCE OFFERED BY MEDICAL ALERT SYSTEMS AT LOWEST COST
TABLE 40 MEDICAL ALERT SYSTEMS MARKET FOR HOME-BASED USERS, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 41 MEDICAL ALERT SYSTEMS MARKET FOR HOME-BASED USERS, BY PRODUCT, 2021–2026 (USD MILLION)
11.4 SENIOR LIVING FACILITIES
11.4.1 ENHANCED SAFETY FEATURES, REDUCED BURDEN ON STAFF, AND IMPROVED MOBILITY STIMULATE DEMAND FROM SENIOR LIVING FACILITIES TO MAINTAIN ACTIVE LIFESTYLE OF USERS
TABLE 42 MEDICAL ALERT SYSTEMS MARKET FOR SENIOR LIVING FACILITIES, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 43 MEDICAL ALERT SYSTEMS MARKET FOR SENIOR LIVING FACILITIES, BY PRODUCT, 2021–2026 (USD MILLION)
11.5 ASSISTED LIVING FACILITIES
11.5.1 INCREASED NUMBER OF ASSISTED LIVING CENTERS PUSHING DEMAND FOR MEDICAL ALERT SYSTEMS
TABLE 44 MEDICAL ALERT SYSTEMS MARKET FOR ASSISTED LIVING FACILITIES, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 45 MEDICAL ALERT SYSTEMS MARKET FOR ASSISTED LIVING FACILITIES, BY PRODUCT, 2021–2026 (USD MILLION)
11.6 OTHERS
TABLE 46 MEDICAL ALERT SYSTEMS MARKET FOR OTHER END USERS, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 47 MEDICAL ALERT SYSTEMS MARKET FOR OTHER END USERS, BY PRODUCT, 2021–2026 (USD MILLION)
12 MEDICAL ALERT SYSTEMS MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 42 GEOGRAPHIC SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET, 2021–2026
FIGURE 43 APAC TO BE FASTEST-GROWING MARKET FOR MEDICAL ALERT SYSTEMS FROM 2021 TO 2026
TABLE 48 MEDICAL ALERT SYSTEMS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 49 MEDICAL ALERT SYSTEMS MARKET, BY REGION, 2021–2026 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 44 SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA
FIGURE 45 US TO ACCOUNT FOR LARGEST SIZE OF NORTH AMERICAN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 50 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 51 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 52 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 53 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 54 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 55 MEDICAL ALERT SYSTEMS MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
12.2.1 US
12.2.1.1 US to capture largest share of North American market for medical alert systems market due to rising geriatric population
TABLE 56 MEDICAL ALERT SYSTEMS MARKET IN US, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 57 MEDICAL ALERT SYSTEMS MARKET IN US, BY OFFERING, 2021–2026 (USD MILLION)
12.2.2 CANADA
12.2.2.1 Canada to witness highest growth rate in North American market for medical alert systems
TABLE 58 MEDICAL ALERT SYSTEMS MARKET IN CANADA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 59 MEDICAL ALERT SYSTEMS MARKET IN CANADA, BY OFFERING, 2021–2026 (USD MILLION)
12.2.3 MEXICO
12.2.3.1 Mexican market growth is driven by rising need for improved medical infrastructure
TABLE 60 MEDICAL ALERT SYSTEMS MARKET IN MEXICO, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 61 MEDICAL ALERT SYSTEMS MARKET IN MEXICO, BY OFFERING, 2021–2026 (USD MILLION)
12.2.4 IMPACT OF COVID-19 ON MEDICAL ALERT SYSTEMS MARKET IN
NORTH AMERICA
12.3 EUROPE
FIGURE 46 SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET IN EUROPE
FIGURE 47 MEDICAL ALERT SYSTEMS MARKET IN SPAIN TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 62 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 63 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 64 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 65 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 66 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 67 MEDICAL ALERT SYSTEMS MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
12.3.1 UK
12.3.1.1 Rising awareness among elderly citizens regarding benefits of medical alert systems to boost market growth in UK
TABLE 68 MEDICAL ALERT SYSTEMS MARKET IN UK, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 69 MEDICAL ALERT SYSTEMS MARKET IN UK, BY OFFERING, 2021–2026 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 Growing inclination of older adults toward independent living to accelerate market growth in Germany
TABLE 70 MEDICAL ALERT SYSTEMS MARKET IN GERMANY, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 71 MEDICAL ALERT SYSTEMS MARKET IN GERMANY, BY OFFERING, 2021–2026 (USD MILLION)
12.3.3 FRANCE
12.3.3.1 Increasing healthcare expenditure to fuel growth of medical alert systems market in France
TABLE 72 MEDICAL ALERT SYSTEMS MARKET IN FRANCE, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 73 MEDICAL ALERT SYSTEMS MARKET IN FRANCE, BY OFFERING, 2021–2026 (USD MILLION)
12.3.4 ITALY
12.3.4.1 Increasing elderly population, along with elevated demand for advanced technology, to propel growth of Italian medical alert systems market
TABLE 74 MEDICAL ALERT SYSTEMS MARKET IN ITALY, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 75 MEDICAL ALERT SYSTEMS MARKET IN ITALY, BY OFFERING, 2021–2026 (USD MILLION)
12.3.5 SPAIN
12.3.5.1 Developing private healthcare sector in Spain providing opportunities to players in medical alert systems market
TABLE 76 MEDICAL ALERT SYSTEMS MARKET IN SPAIN, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 77 MEDICAL ALERT SYSTEMS MARKET IN SPAIN, BY OFFERING, 2021–2026 (USD MILLION)
12.3.6 REST OF EUROPE
TABLE 78 MEDICAL ALERT SYSTEMS MARKET IN REST OF EUROPE, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 79 MEDICAL ALERT SYSTEMS MARKET IN REST OF EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
12.3.7 IMPACT OF COVID-19 ON MEDICAL ALERT SYSTEMS MARKET IN EUROPE
12.4 ASIA PACIFIC (APAC)
FIGURE 48 SNAPSHOT OF MEDICAL ALERT SYSTEMS MARKET IN APAC
FIGURE 49 AUSTRALIA TO WITNESS HIGHEST CAGR IN MEDICAL ALERT SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 80 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 81 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 82 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 83 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 84 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 85 MEDICAL ALERT SYSTEMS MARKET IN APAC, BY OFFERING, 2021–2026 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Healthcare sector in China is expanding at faster rate, creating opportunity for affordable and easy-to-use medical technologies such as medical alert systems
TABLE 86 MEDICAL ALERT SYSTEMS MARKET IN CHINA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 87 MEDICAL ALERT SYSTEMS MARKET IN CHINA, BY OFFERING, 2021–2026 (USD MILLION)
12.4.2 JAPAN
12.4.2.1 Japan has almost 25% of population 65 years old and above, thereby creating growth opportunities for market players
TABLE 88 MEDICAL ALERT SYSTEMS MARKET IN JAPAN, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 89 MEDICAL ALERT SYSTEMS MARKET IN JAPAN, BY OFFERING, 2021–2026 (USD MILLION)
12.4.3 AUSTRALIA
12.4.3.1 Australian market is driven by high expenditure toward modern healthcare services
TABLE 90 MEDICAL ALERT SYSTEMS MARKET IN AUSTRALIA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 91 MEDICAL ALERT SYSTEMS MARKET IN AUSTRALIA, BY OFFERING, 2021–2026 (USD MILLION)
12.4.4 SOUTH KOREA
12.4.4.1 High penetration of technology among South Korean senior population has resulted in increased demand for medical devices such as medical alert systems
TABLE 92 MEDICAL ALERT SYSTEMS MARKET IN SOUTH KOREA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 93 MEDICAL ALERT SYSTEMS MARKET IN SOUTH KOREA, BY OFFERING, 2021–2026 (USD MILLION)
12.4.5 REST OF APAC
TABLE 94 MEDICAL ALERT SYSTEMS MARKET IN REST OF APAC, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 95 MEDICAL ALERT SYSTEMS MARKET IN REST OF APAC, BY OFFERING, 2021–2026 (USD MILLION)
12.4.6 IMPACT OF COVID-19 ON MEDICAL ALERT SYSTEMS MARKET IN APAC
12.5 REST OF THE WORLD (ROW)
TABLE 96 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 97 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 98 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 99 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 100 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 101 MEDICAL ALERT SYSTEMS MARKET IN ROW, BY OFFERING, 2021–2026 (USD MILLION)
12.5.1 MIDDLE EAST & AFRICA
12.5.1.1 Middle East & Africa to account for larger market size in
RoW region throughout forecast period
TABLE 102 MEDICAL ALERT SYSTEMS MARKET IN MIDDLE EAST & AFRICA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 103 MEDICAL ALERT SYSTEMS MARKET IN MIDDLE EAST & AFRICA, BY OFFERING, 2021–2026 (USD MILLION)
12.5.2 SOUTH AMERICA
12.5.2.1 South America to exhibit higher CAGR in medical alert systems market in RoW during forecast period
TABLE 104 MEDICAL ALERT SYSTEMS MARKET IN SOUTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 105 MEDICAL ALERT SYSTEMS MARKET IN SOUTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
FIGURE 50 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGIES BETWEEN JANUARY 2018 AND MAY 2021
13.2 MARKET EVALUATION FRAMEWORK
TABLE 106 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MEDICAL ALERT SYSTEM MANUFACTURERS
13.2.1 PRODUCT PORTFOLIO
13.2.2 REGIONAL FOCUS
13.2.3 MANUFACTURING FOOTPRINT
13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
13.3 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2020
TABLE 107 MEDICAL ALERT SYSTEMS MARKET: DEGREE OF COMPETITION
TABLE 108 SHARE OF LEADING PLAYERS IN MEDICAL ALERT SYSTEMS MARKET, 2020
TABLE 109 MARKET RANKING ANALYSIS: MEDICAL ALERT SYSTEMS MARKET, 2020
13.4 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN MEDICAL ALERT SYSTEMS MARKET
FIGURE 51 REVENUE ANALYSIS OF KEY COMPANIES FROM 2016 TO 2020 (USD BILLION)
13.5 COMPETITIVE SITUATIONS AND TRENDS
13.5.1 PRODUCT LAUNCHES
TABLE 110 MEDICAL ALERT SYSTEMS MARKET: PRODUCT LAUNCHES, JANUARY 2018–MAY 2021
13.5.2 DEALS
TABLE 111 MEDICAL ALERT SYSTEMS MARKET: DEALS, JANUARY 2018– MAY 2021
13.6 COMPANY EVALUATION MATRIX, 2020
13.6.1 STAR
13.6.2 PERVASIVE
13.6.3 PARTICIPANT
13.6.4 EMERGING LEADER
FIGURE 52 MEDICAL ALERT SYSTEMS MARKET (GLOBAL), COMPANY EVALUATION MATRIX (2020)
13.7 STARTUP/SME EVALUATION MATRIX, 2020
13.7.1 PROGRESSIVE COMPANY
13.7.2 RESPONSIVE COMPANY
13.7.3 DYNAMIC COMPANY
13.7.4 STARTING BLOCK
FIGURE 53 MEDICAL ALERT SYSTEMS MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX (2020)
13.8 COMPETITIVE BENCHMARKING
TABLE 112 COMPANY END USER FOOTPRINT
TABLE 113 COMPANY REGION FOOTPRINT
TABLE 114 COMPANY FOOTPRINT
14 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 INTRODUCTION
14.2 KEY PLAYERS
14.2.1 PHILIPS
TABLE 115 PHILIPS: BUSINESS OVERVIEW
FIGURE 54 PHILIPS: COMPANY SNAPSHOT
14.2.2 CONNECT AMERICA
TABLE 116 CONNECT AMERICA: BUSINESS OVERVIEW
14.2.3 VALUED RELATIONSHIPS
TABLE 117 VALUED RELATIONSHIPS: BUSINESS OVERVIEW
14.2.4 MEDICAL GUARDIAN
TABLE 118 MEDICAL GUARDIAN: BUSINESS OVERVIEW
14.2.5 ADT
TABLE 119 ADT: BUSINESS OVERVIEW
FIGURE 55 ADT: COMPANY SNAPSHOT
14.2.6 GUARDIAN ALARM
TABLE 120 GUARDIAN ALARM: BUSINESS OVERVIEW
14.2.7 BAY ALARM MEDICAL
TABLE 121 BAY ALARM MEDICAL: BUSINESS OVERVIEW
14.2.8 MOBILEHELP
TABLE 122 MOBILEHELP: BUSINESS OVERVIEW
14.2.9 ALERT1
TABLE 123 ALERT1: BUSINESS OVERVIEW
14.2.10 LIFEFONE
TABLE 124 LIFEFONE: BUSINESS OVERVIEW
14.3 OTHER IMPORTANT PLAYERS
14.3.1 NORTEK CONTROL (NUMERA)
14.3.2 GALAXY MEDICAL ALERT SYSTEMS
14.3.3 RESPONSE NOW
14.3.4 LIFESTATION
14.3.5 RESCUE ALERT
14.3.6 BETTER ALERTS
14.3.7 INTERCALL SYSTEMS
14.3.8 LIVELY
14.3.9 CORNELL COMMUNICATIONS
14.3.10 BLUELINEA
14.3.11 ACTIVEPROTECTIVE
14.3.12 ALOE CARE HEALTH
14.3.13 VANGUARD WIRELESS
14.3.14 QMEDIC
14.3.15 TUNSTALL
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
