Medical Alert Systems Market is anticipated to rise at a value CAGR of 8.75% over 2019-2028. According to a study published by Insure Insights on the Medical Alert Systems Market, Medical Alert Systems are also known as personal emergency response systems it is a fast and easy way for the elderly, people with health issues, and those who live alone, to get help during emergency situations. An inclination towards independent living and Technological advancement in Medical alert systems  are driving the market growth

Top Driver: Rise in the elderly population worldwide is driving the market

There has been a significant rise in the geriatric population around the globe, for instance, in the year 2018, WHO had reported that by 2050, the world’s population aged above 60 years and older is expected to total 2 billion, from 900 million in 2015. The growth in the elderly population is expected to boost market growth. The increase in the adoption of the mobile personal emergency response system is promoting market growth. The ongoing product launches, government initiatives for better healthcare facilities in enhancing market growth.

Personal Emergency Response Systems to Make Crucial Contribution to the Growth of Global Blister Packaging Market

Personal Emergency Response Systems has obtained the highest growth in the market due to the rise in the geriatric population around the globe, and an increase in the adoption of these systems is expanding the growth in the market. The rise in the per capita expenditure towards healthcare, and, growing awareness towards healthcare, is enhancing the market growth. The increase in the popularity of personal emergency response systems among older adults is further propelling market growth.

Based on the Connection type segment has dominated the market growth as they are the most reliable devices used by senior citizens during the time of medical emergency, and senior citizens are not much familiar with the technology. Based on the End User segment, Home-based users have obtained the most remarkable growth as they have improved efficiency and additional monitoring features., the technologically advanced products like  AI and IoT have further contributed to the growth of the market.

    North America will rule the global Medical Alert Systems Market due to availability of Technologically Advanced Products

New product launches for producing advanced medical alert systems consisting of technologies such as IoT and artificial intelligence (AI) in the healthcare sector, presence of a majority of market players, government funding for the elderly care is boosting the market growth. The rise in the elderly population across the world, rising healthcare expenditure is further boosting growth in the market. Better healthcare infrastructure in the region is further accelerating the growth

Strategic  collaboration and acquisition are the major strategies of the competitors

The key competitors of the Global Medical Alert Systems Market are largely fragmented, and the player focuses on product launches, Strategic collaboration, and acquisition are the key strategies of the competitors. The key players of the Global Medical Alert Systems Market are Medical Guardian LLC, Philips N.V, Bay Alarm Medical, ADT LLC dba ADT Security Services, LifeFone, Guardian Alarm, AlertOne Services LLC, Galaxy Medical Alert Systems, and Valued Relationships, Inc.

Philips N.V: Philips N.V is a giant competitor of the packaging industry; for instance, in the year 2019, Royal Philips had launched a new app for senior citizens known as Philips Cares, the app consisted of a wide range of features in order to track and manage a senior’s citizens the app had certain kinds of, reminders, scheduling tools and access to emergency services for seniors.

Medical Guardian LLC: Medical Guardian LLC, is a leading producer in Medical Alert Systems, for instance, in the year 2018, Medical Guardian had officially launched a watch known as Freedom Guardian. It was developed for the users to remain safe, live healthily, and stay connected to loved ones and also consisted of emergency operators to be used in emergencies.

Scope of the Report

By Type

• Personal Emergency Response Systems
• Ambulatory Auto Alert Systems
• Automated Airborne Flight Alert System

By Connection Type

• Wired
• Wireless

By Application

• Home-Based Users
• Assisted Living Facilities
• Senior Living Facilities/Senior Care Centers
• Others

By Region

• North America
• Europe
• Asia Pacific
• LAMEA