The personal emergency response system (PERS), also known as a
medical alert system, has a wireless transmitter that can be activated
in an emergency. Next, the signal emitted from these transmitters is
transmitted to an alarm monitoring company's central station or other
emergency agency. Further, the medical personnel is dispatched to the
site where the alarm is activated. This system allows the person to call
for help in an emergency by pushing a button. The purpose of this
system is to help a senior citizen in case of a medical emergency such
as heart attack, sudden fall, dementia, and Alzheimer's, as well as to
equip the senior living facilities and assisted living facilities with
the appropriate aid in case of medical emergency to ensure that these
senior members live an independent and a care-free, healthier life.
Going further in this document, we will learn in detail about the
medical alert system providers, various medical alert system
applications, various types of the medical alert system, the latest
trends and developments
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Top 10 Medical Alert System Companies
- Philips Lifeline
- Lifefone
- ADT Medical Alert System
- VRI Connect
- Guardian Medical Monitoring
- MobileHelp
- Alert1
- Bay Alarm Medical
- Connect America
- Medical Guardian
Increase in geriatric population and health literacy across the globe
The increasing medical literacy rate in developed and developing countries is an important factor for increasing the adoption of a medical alert systems. The developed countries around the world have consistently worked towards imparting health education to the people and the importance of a healthy environment. In recent years, governments of developing countries such as China, India, and Brazil have taken various steps to overhaul healthcare systems. Some of the major steps undertaken by the governments of these countries include incentives on medical devices and awareness programs on health care. The healthcare expenditure in these countries has increased significantly over the past few years and is expected to rise in the years to come.
Rising adoption of Smart & Mobile Emergency Response System
The emergence of mobile PERS has been one of the leading factors driving the medical alert systems market. There has been a massive shift from the traditional medical alert systems to the mobile medical alert system. This is due to the evolution of wireless technology. As per the US Department of Health and Human Services (HHS), half of the households in the US do not have a landline system and use cellular technology. People have embraced wireless technology because of the mobility it offered, which is suited for people with an active lifestyle; it provides and is expected to grow soon. The change in technology from wired to wireless systems, the mobile medical alert systems market is taking strides in the growing direction.
Technological advancements in the medical alert systems
The advancements in technology and its commercialization has led the medical alert system market towards growth. The advent of various technologies such as artificial intelligence (AI), Internet of Medical Things (IoMT), big data, cloud computing, machine learning, and data analytics have impacted the best medical alert system market significantly. Companies such as Apple and Fitbit have already made it big in this market by offering smart wearables along with artificial intelligence, which provides critical insights. AiCare, a company providing intelligent senior care, has claimed to use the machine learning analytics and wearable sensor to personalize the elderly care.
Growing inclination of elders towards independent living
The inclination of seniors toward independent living has been increasing across the world. More and more retired elders are opting to be independent living homes for seniors, and lead a dignified living without burdening the aspirations of their children. Financially independent senior citizens are fueling the demand for housing projects developed specifically for them. This has led to an increase in demand for medical alert devices as the seniors have a high fall rate, and the medical alert system can help in emergency situations. The choice of independent living among seniors has swelled up the demand for medical alert systems.
Market Overview
The
medical alert system market was valued at USD 5.9 billion in 2019 and
is expected to grow at a CAGR of 7.9% during the forecast period
2020–2025 to reach USD 9.5 billion in 2025. The best medical alert system
is majorly used by elderly individuals who are prone to various chronic
diseases such as Alzheimer’s, dementia, diabetes, weakening of
reflexes, heart diseases, and other health issues. The old aged people
are susceptible to falls, which is a major reason for severe injuries
among the elders and, if not treated in time, could lead to disability
or death. Apart from receiving help during an emergency, these devices
are also used by people to ensure safety and security when living or
traveling alone. The best medical alert system market
is praised by hospitals, doctors, and healthcare organizations such as
the American Heart Association (US) and the American Association of
Retired Person (US)
The best medical alert system is
used by the geriatric population or people who need special care, to
send the emergency signal in order to contact emergency services or
caregivers. The medical alert ecosystem consists of—hardware device,
monitoring platform, response center, and caregiver. The hardware is a
console along with a transmitter used for communication between the user
and the monitoring center. The response centers are responsible for
dispatching the emergency personnel after the emergency signal is
received from the user’s end, and ecosystems are the caregivers, which
can be family, friends, or any other person assigned by the user.
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