Medical alert systems were first introduced in 1970s as plain push-button devices which were worn around the neck. It is an alarm system specially created to indicate the vulnerable situation which needs immediate attention to send for emergency medical personnel. In simple words, it is an alarm system designated for medical emergencies. These medical alert systems are also termed as Personal Emergency Response System (PERS) or medical alert. The usual systems have a wireless pendant and/or transmitter which can be activated either automatically or manually in case of an emergency. Once the medical alert system is activated, the activated signal gets transmitted to either an alert monitoring company’s central station, any other emergency agency, or other emergency authorized contact personnel which includes any near-by hospitals. When the central stations receive the alert, medical personnel are dispatched to the site from where the particular was signaled. Medical alert systems are mainly used by elderly people and/or disabled people living alone, any patient with prolonged illnesses, or someone who prefer to stay home rather than any medical facility. Apart from these, medical alert systems have several other applications such as fire, accidents, natural calamities, etc.
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The global medical alert systems market is gaining more popularity owing to its ease of availability and cost-efficiency which in a way increases the medical safety along with security of the patient. Globally escalating geriatric population, increase in the number of health conscious individuals, superior adaptation rates of these devices, and enhanced technological innovations are some of the key factors which are driving the overall market of this industry. In the recent years, there has been a considerable rise in the elderly population and the ones who are adapting to a healthier lifestyle in independent living communities, which assists in increasing the demand of medical alert systems on a global level. Product-wise medical alert system market is classified into standalone (no landline required), mobile and landline. Due to the increased awareness related to personal health, the mobile segment of the medical alert system is said to see a higher demand in the forecast period. Improved awareness about self-care and disease control management is aiding patients with chronic diseases and disabled people with leading more active and independent lives. In today’s technological awestruck market, the consumers prefer mobility and innovativeness. With more and more people using smart phones, the global medical alert systems is bound to climb the positive ladder, as tech-savvy people prefer more digitized medical alert systems in their Smartphone.
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Besides all the mentioned market drivers, the global medical alerts systems market is experiencing a few hindrances such as potentially firm competition amongst existing medical alert system manufacturers and consequent trend in bulk purchasing via (Group Purchasing Organizations) GPOs and INHs. Since the medical alert system market has evolved from the securities market, matter of maturity and rigorous sales practices that do not predict well for the enduring growth have also been a hurdle for this market. The end-user segment for this industry includes nursing facilities, hospitals, prolonged care settings, home care settings, and senior living facilities. A few major market players of this industry are Life Alert, Alert-1, Medical Guardian, LifeStation, Connect America, Bay Alarm Medical, Mobile Help, Greatcall, Qmedic, MediPedant, Philips Lifeline, ADT, Galaxy Medical, Tunstall, Lively, Better Alerts, Lifefone, Rescue Alert, and Mytrex.
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