Recently published market study research titled Global Medical Alert Systems Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 by Fior Markets is encapsulated on the basis of estimation of key market segments in the forecast horizon. The report forecast a conclusive study on the specified market, offering an estimation of the overall market size from 2019 to 2024.
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.
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This report only includes Personal Emergency Response Systems. PERS are medical devices that are used by individuals to call for emergency medical help. These innovative devices contact the emergency care services or the user’s family members through a panic button in the form of a pendant or a wristband.
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.
North America is the largest sales place, with a sales market share nearly 47.1% in 2016. Following North America, Europe is the second largest sales place with the sales market share of 23.1%.
Market competition is intense. Philips Lifeline, ADT, Tunstall, Greatcall, etc. are the leaders of the industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
The worldwide market for Medical Alert Systems is expected to grow at a CAGR of roughly 7.5% over the next five years, will reach 9190 million US$ in 2024, from 5950 million US$ in 2019.
This report focuses on the Medical Alert Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The report highlights vital supreme players in the worldwide Medical Alert Systems market including Philips Lifeline, ADT, Tunstall, Greatcall, Alert-1, Connect America, Bay Alarm Medical, Life Alert, Rescue Alert, Mobile Help, Medical Guardian, LifeStation, Galaxy Medical Alert Systems, Lifefone, Better Alerts, .
On the basis of product, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into Landline Type, Mobile Type, Standalone Type
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including: Inside the Home, Outside the Home
Reasons to Buy this Report:
- Identify the dominating and the fastest developing regions in the global Medical Alert Systems market and their growth trends during the forecast period (2019 to 2024)
- To assess various perspectives of the market with the help of Porters five forces analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- To discover regions that are expected to witness the efficient growth during the forecast period
Overarching data related to the foremost players’ in the market are also presented in this research report which includes market share, product offering, new developments and SWOT analysis of the major players. Furthermore, the report expands and formulates market strategies by investing in ultimate partners to influence and traverse business potentials and scope. It adds technological innovations and pinpoints analysis for ever-changing competitive dynamics. Last part of the report describes production, consumption, and rate by product kind and applications forecast year from 2019 to 2024.
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