Medical alert systems (MAS), also known as Personal Emergency Response System (PERS), are alarm systems designed to alert linked healthcare facilities in case of any medical hazard or injury requiring immediate medical attention. Disabled and elderly people who do not live with their family members are the major users of these systems. Currently, the medical alert systems market is highly attractive due to rapidly aging population and increasing awareness among the populace. These systems are available in various modalities such as landline, mobile and a wireless transmitter designed as a pendant. With medical alert systems, safety and peace of mind is just as easy as pressing a button.
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High demand for monitored medical alert systems
The global medical alert systems market comprises of devices with different functions and features catering to the individual needs and budget. The market has been segmented on the basis of device type, technology, and end users as follows:
- Medical Alert Systems Market, by product type:
- Standalone/Wall-Mounted Devices
- Medical alert systems market, by technology:
- Two-way voice systems
- Unmonitored medical alert systems
- Medical Alert Alarm (Button) System
The only advantage of non-monitored MAS is that it does not require a monthly fee to be paid to the monitoring company as in the case of two-way voice system and Medical Alert Alarm (Button) System. The monitored MAS on the other hand, helps save time in contacting or alerting the health service provider, does not require updating non-monitored voice dialer, and helps provide emergency help in less time than non-monitored systems.
- End users of medical alert systems:
- Senior care centers
- Nursing homes
- Old age homes
- Individual patients
Patients at high risk of stroke, heart attack, and epileptic shocks would greatly benefit through this system. Increasing consumer awareness about the technology and its various benefits is creating a highly conducive environment for growth of the market, especially in emerging nations. The World Health Organization (WHO) estimates that falls are the second leading cause of accidental injury deaths globally. Nearly 80% of these deaths occur in low and middle income countries.
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Devices with integrated features pose a threat to standalone MAS devices
Philips launched a new MAS device, GoSafe that has an auto-alert fall-detection and GPS tracking. Even wearables by Fitbit come with medical alert systems, in addition to their usual health tracking features. Stealth Technologies, Inc. also launched a device—911 Help Now—with no recurring monthly charge. These devices are a major threat for standalone MAS devices.
Some of the major products in the medical alert systems market: Life Alert, LifeStation, Medical Alert, Philips Lifeline, MobileHelp, Bay Alarm Medical, Alert1, Medical Guardian’s MAS and Rescue Alert.
Developed economies still provide high growth avenues for market players in the medical alert systems market
Developed economies such as the U.S., Canada, U.K., Germany, and Japan are characterized by higher adoption of emergency alert systems among the large geriatric population base. Moreover, due to high incidence rates of injuries due to fall from beds and upper bunks, the market for medical alert systems is expected to grow further in developed regions. According to the Centers for Disease Control and Prevention (CDC), one in three senior citizens aged 65 and above, fall down from bed and upper bunks each year, in the U.S., and 20% to 30% of them suffer from serious injuries due to the fall.
However, with certain issues in the current medical alert systems, such as unsolicited and unwanted calls, there is an immense scope for technological development in the device. Moreover, limited reimbursement for this device is hindering demand in the U.S. and Canada.
The medical alert systems market is projected to witness admirable growth due to increasing preference for emergency alert consoles, rapidly aging population, and increasing demand for medical alert systems in nursing homes and old age care facilities. However, product availability and pricing would be decisive factors shaping market growth, especially in emerging economies.
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Medical alert systems market is fragmented
The global medical alert systems market is highly fragmented, owing to participation of many established and emerging players. Major players involved in the medical alert systems market include AlertOne Services, LLC. Bay Alarm Medical, CarelineUK Monitoring Limited, Galaxy Medical Alert Systems, Ltd., Life Alert Emergency Response, Inc., LifeStation, Inc., and Koninklijke Philips N.V..
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