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Global Medical Alert System Market is valued at USD 6.06 billion in 2016 is anticipated to grow USD 10.5 billion with the compounded annual growth of 6.3% over the forecast period 2017-2025.
New York 4Aug 2018, as per the new research study conducted by Bizwit Research & Consulting, Global Medical Alert System industry is poised to raise USD 10.5 billion by 2025. The driving factor for the medical alert market is the rapid rise in elder population which is a growing need for medical alert systems in residences. Moreover, among the elder people falls are the one which are the most common causes of injury. According to the American Hospital Association, more than one-third of adults aged 65 years and above suffer from a fall each year, and it leads to several other chronic problems if not dealt in time. This summons as the driving demand for medical alert systems. To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Medical Alert System Market Size Estimates By Type (Landline, Mobiles, Standalone) By End-Use (Home-based Users, Nursing Homes, Assisted Living Facilities, Hospices) By Region (North America, Europe, Asia Pacific, Latin America and Rest of the World) 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include Koninklijke Philips N.V., ADT Security Services, Bay Alarm Medical, VRI, Inc, Life Alert Emergency Response, Inc., Tunstall; Medical Guardian LLC, AlertOne Services LLC, Great Call, Rescue Alert, Logic Mark, Nortek Security and Control New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America region estimated for dominating the Medical Alert System market during the forecast period.
- The North America region will be the highest growing segment with respect to geographical segmentation by around XX%
- Asia Pacific Medical Alert System market is estimated to grow at the highest CAGR during the forecast period.
Bizwit Research & Consulting LLP has considered following segments for the study:
- By Type
- By End-Use
- Home-based Users
- Nursing Homes
- Assisted Living Facilities
- North America
- Asia Pacific
- Latin America
- Rest of the World