According to a market report by Lucintel, the future of the global medical alert systems market looks promising with opportunities in the home-based users, senior living facilities/senior care centers, assisted living facilities, and hospitals and clinics markets. The global medical alert systems market is expected to reach an estimated $20.3 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are technology advancements in medical warning systems, a rise in health care reform that is beneficial, and government funding help for elderly persons and rising expenditure on medical services coupled with rise in emerging technologies such as IoT and AI is also boosting the market.
In this market, personal
emergency response systems (PERS), nurse calling systems (NCS), and smart belt
are the major segments of medical alert systems market by application type.
Lucintel forecasts that
personal emergency response systems (PERS) is expected to witness highest
growth over the forecast period.
Within this market,
home-based users will remain the largest segment.
North America is
expected to witness highest growth over the forecast period.
Medical Guardian,
MobileHelp, ADT Corporation, Ascom Wireless Solutions, Jeron Electronics Systems
Inc., Hill-Rom Holdings, LifeFone, Koninklijke Philips N.V., Connect America,
and Bay Alarm Medical are the major suppliers in the medical alert systems
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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