The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical alert systems market report forecasts the medical alert systems market size to grow to $14.51 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Medical Alert Systems Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-alert-systems-global-market-report

Medical Alert Systems Market Size Forecast
The global medical alert systems market is expected to grow from $9.35 billion in 2022 to $10.25 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical alert systems market size is expected to grow to $14.51 billion in 2027 at a CAGR of 9.1%.

Asia-Pacific held the largest medical alert systems market share and was the fastest-growing region in 2022.

Key Medical Alert Systems Market Driver ­– Increase In Focus Of The Government To Improve Healthcare Infrastructure
For instance, in March 2020, the Federal Communications Commission (FCC), an independent agency of the US government, launched several programs to keep Americans connected to crucial health services, such as the $200 million COVID-19 Telehealth Program, which will assist medical professionals in providing connected care services to patients at their homes or mobile sites in response to the pandemic. The program completely funded the telecommunications services, information services, and a wide range of devices required to offer essential linked care services, enabling eligible health care providers to respond to the pandemic right away. Therefore, the increasing government focus to improve healthcare infrastructure is expected to boost the medical alert systems market during the forecast period.

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Key Medical Alert Systems Market Trend – Technological Advancement
Major companies operating in the medical alert systems market are adopting new technological solutions such as the Micro, a mobile medical alert device to sustain their position. For instance, in October 2020, MobileHelp, a Florida-based healthcare technology company, launched Micro, the all-in-one mobile medical alert device equipped with the company’s patented automated fall detection technology, ensuring that the user can still get assistance even if they are unable to press their emergency button. In the event of an emergency, the company’s multi-mode location accuracy, which derives from GPS technology, cellular ID, and short-range RF, can pinpoint the user’s location.

Medical Alert Systems Market Segment
1) By Offering Type: Hardware, Services
2) By System Type: Personal Emergency Response System (PERS), Nurse Calling System (NCS), Smart Belt
3) By Technology Type: Two-way Voice Systems, Medical Alert Alarm (Button) System,, IP-based Systems
4) By Distribution Channel Type: Pharmacies, Online Sales, Hypermarkets
5) By Application Type: Home-Based users, Senior Living Facilities/Senior Care Centers, Assisted Living Facilities, Hospitals and Clinics, Others Applications

Medical Alert Systems Market Major Players and Strategies
Major players in the medical alert systems market are Koninklijke Philips N.V., Connect America, ADT Security Services, Bay Alarm Medical, VRI Inc., Life Alert Emergency Response, Inc., Medical Guardian LLP, Nortek Security and Control, Rescue Alert, AlertONE Service Inc., GreatCall, Ascom Wireless Solutions, LogicMark, Tunstall, and LifeStation.

In April 2022, Advocate Aurora Enterprises, a US-based provider of integrated health systems, acquired MobileHelp for an undisclosed amount. This acquisition will help Aurora to access advance cutting-edge approaches that go beyond conventional clinical care and in investing in solutions that are complementary to its clinical offerings, advancing whole-person health and its purpose of helping people live well. MobileHelp is a US-based healthcare technology company and provider of portable personal emergency response systems.

The Medical Alert Systems Global Market Report 2023 covers regional data on medical alert systems market size, medical alert systems market trends and drivers, opportunities, strategies, and medical alert systems market competitor analysis. The countries covered in the medical alert systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A medical alert system refers to a device, also known as a personal emergency response system (PERS) or fall button, that combines communication and computer technologies. These life-saving tools help seniors and people with health issues age in place while maintaining their freedom by ensuring their safety and peace of mind. “The medical alert systems are used to create a sense of safety at the push of a button.

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