Growth opportunities on Medical Alert Systems Market, (2016 – 2020)

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Medical Alert Systems Market By Type (Landline,
Mobile, Standalone) By End User (Home, Senior
Living Facilities, Assisted Living Facilities)
By Components (Wireless Transmitter, Fall
Detection Sensor, GSM, GPS, Microphone)-Forecast(2
015-2020)
MarketIntelReports newly published a research
report on Global Medical Alert Systems Market
with covering detailed analysis on market
segmentation, global notable vendors,
geographical outlook, price financial updates,
segment application approach and future
forecasts.
Published on 13 July, 2015 Number of pages
225 Single User Price 4250
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Medical Alert Systems Market By Type (Landline,
Mobile, Standalone) By End User (Home, Senior
Living Facilities, Assisted Living Facilities)
By Components (Wireless Transmitter, Fall
Detection Sensor, GSM, GPS, Microphone)-Forecast
(2016-2020) 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, although
the reports scope is restricted to PERS. The
global medical alert systems market is segmented
into PERS and NCS, which are further analyzed by
three segments by type of devices, by end-users
and by geography (North America, Europe,
Asia-Pacific and Rest of the World), for the
forecast period 2014 to 2020. According to the
study conducted by MarketIntelReports, the global
market is estimated to grow at a CAGR of 6.3 to
reach 21.6 billion by 2020.
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Home-based users are the largest end-user segment
for medical alert systems. This segment will
continue to hold the largest market share owing
to the fast growing home healthcare market and
growing demand for efficient emergency
communication devices in people with medical
emergencies, chronic diseases and disabilities.
One of the major causes of injuries and
hospitalization in older population is the
accidental fall. Seniors using medical alert
systems get hospitalized only for fewer days or
have shorter days of stay than the people without
medical alert pendants. Although an accidental
fall cannot be prevented, these devices reduce
the impact of a fall or injury by ensuring
availability of timely medical assistance. In the
event of an emergency, the user presses the red
button on the pendant, bracelet or the wireless
room button the base unit connects the operator
within seconds to assess the situation and
contact medical service or the loved ones. In
2014, North America held largest share of 41,
followed by Europe and APAC in the global medical
alert systems market. Rise in disposable income
and aging population will drive the demand for
medical alert systems in the coming years.
According to the United Nations, global aging
population over 65 years of age was 566.4 million
in 2013 and is expected to grow to more than 2
billion by 2050. The market is set to grow at a
fast pace, particularly in the APAC region, owing
to rise in number of innovations and developments
as well as the shift in demographics towards
aging population.
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• The below companies altogether held around 40
  share in the global medical alert systems market.
• Philips Lifeline
• ConnectAmerica
• Hill-Rom Holdings Inc.
• Tyco SimplexGrinnell LP and
• Ascom Holding AG
• Favorable regulatory scenario and availability of
  investments will encourage emergence of startups
  such as Voalte and Starling Health. For instance,
  in February 2014, Voalte raised 36m in Series C
  financing to develop its platform for integrating
  NCS devices and solutions.

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Key questions answered in this report  What
will the market size be in 2020 and what will the
growth rate be? What are the key market
trends? What is driving this market? What are
the challenges to market growth? Who are the
key vendors in this market space? What are the
market opportunities and threats faced by the key
vendors? What are the strengths and weaknesses
of the key vendors? You can request one free
hour of our analysts time when you purchase this
market report. Details are provided within the
report.
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6
Medical Alert Systems Market By Type (Landline,
Mobile, Standalone) By End User (Home, Senior
Living Facilities, Assisted Living Facilities)
By Components (Wireless Transmitter, Fall
Detection Sensor, GSM, GPS, Microphone)-Forecast(2
015-2020)
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the Medical Alert Systems Market Market Shares,
Strategies, and Forecasts, Worldwide, 2016 to
2022 and future opportunities are provided in the
report.
Contact 1-302-684-6088 sales_at_marketintelreports.c
om www.marketintelreports.com
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(2015 2020)