A Medical Alert
System, often referred to as a personal emergency response system (PERS)
or a fall button, is a combination of hi-tech communication and
computer technology. There are two different types of systems
available—in-home systems and mobile systems. These are easy-to-use
communication tools that enable seniors to live independently and safely
in their homes. It is a good investment for seniors who live
alone, especially for those who need swift attention in case of an
emergency. Investing in a medical alert system is a wise choice for
anyone who has a fear of falling at home or on the go, and for those who
want to be independent and continue doing the activities they love with
an added level of security.
Philips Lifeline provides
a complete medical alert device product with PERS offerings and an
informative website that is supported by the name Phillips. Its core
product line includes HomeSafe Standard, HomeSafe with AutoAlert, and
GoSafe2. It also offers additional services, including medication
dispensing and a caregiving monitoring digital platform called Philips
Cares, which is great for elderly patients and their families. Philips
Lifeline also provides many excellent features, such as professional
installation, automatic fall detection, medication dispensing, and GPS
location services.
360Quadrants has released a quadrant on top medical alert systems to
help businesses make quicker and more informed decisions for their
business. Ranking Quadrants are generated post analysis of companies
(product portfolios and business strategies) and will be updated every
three months based on market and regional analyses and developments in
the medical alert systems industry. 360Quadrants conducts an in-depth
SWOT analysis which helps service providers in learning about new
opportunities and areas where they lag behind their peers. It also helps
clients in choosing the most appropriate vendor for their
requirements.
CATEGORIZATION OF MEDICAL ALERT SYSTEM VENDORS
Company evaluation was conducted for 40+ companies offering Medical
Alert Systems, out of which 25 companies were shortlisted and
categorized on a quadrant under Visionary Leaders, Innovators, Dynamic
Differentiators, and Emerging Leaders.
Koninklijke Philips, Connect America, Valued Relationships (VRI),
Guardian Alarm, and Alertone Services have been identified
as Visionary Leaders, as they have established product portfolios and a
robust market presence & business strategy. These vendors offer
highly customizable and easily deployable Medical Alert Systems for
commercial clients, which, when combined with their robust business
strategies, enables them to achieve sustained growth in the market.
QMedic, BayAlarm, Lifefone, MobileHelp,
and Critical Signal Technologies have been identified as Innovators, as
these companies have innovative portfolios of the Best Medical Alert
Systems and the potential to build strong business strategies
for their business growth to be at par with the leading companies in the
market. The companies have been providing the best Medical Alert
System offerings as per the demands of their customers.
Rescue
Alert, Better Alert, LifeStation, Response Now, and Vanguard
Wireless have been identified as emerging players in the best Medical
Alert System market. These companies are specialized in offering highly
niche and personalized solutions and services to their clients and have
also focused on completing acquisitions and improving their sales
abilities in numerous regions with an aim to offer their integrated
services to a wider range of clients.
Medical Guardian LLC,
ADT Corporation, GreatCall, Galaxy Medical Alert Systems,
and Bluelinea have been recognized as Dynamic Differentiators, as they
have strong portfolios of the best Medical Alert Systems and
also have a widespread network of channel partners and resellers to
upsurge the deployment of their services across various vertical
markets.
360QUADRANTS COMPANY EVALUATION METHODOLOGY
Top companies in the Medical Alert System Market will be rated using the following methodology:
- A highly experienced team of researchers and senior analysts conducts extensive research to generate a list of vendors (competitors).
- A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Product Maturity and Company Maturity.
- Criteria under Product Maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact on customer value.
- Criteria under Company Maturity include geographical footprint, partner ecosystem, financial stability, and client coverage or sector footprint.
- Approximately 80+ in-depth parameters will be considered for research for the Medical Alert System market. These parameters will be updated every six months to ensure the latest developments are taken into consideration.
- A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:
- Buyers
- Industry Experts
- 360Quadrants Analysts
- Vendors (Competitors)
- The inputs are analyzed, and a final rating is assigned to each vendor (competitor).
- After the finalization of ratings, each vendor is placed in the most relevant quadrant based on its score.
ABOUT 360QUADRANTS
360Quadrants is the largest marketplace looking to disrupt USD 6.3 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 total buyers across various markets.
360Quadrants will also be launching quadrants in fields like Healthcare Analytics, Managed Services, and Lighting Control System.
Contact:
Mr. Agney Sugla
agney@marketsandmarkets.com
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
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