New York, August 03, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the Report “Medical Alert Systems Market with COVID-19 Impact Analysis by Offer, System Type, Connection Type, Technology, Channel Distribution, Application and Geography – Global Forecast to 2026 “- https://www.reportlinker.com/p05091915/?utm_source=GNW
Hardware in supply segment to experience higher CAGR growth from 2021 to 2026
In terms of CAGR, the hardware segment of offerings is expected to significantly increase the medical alert systems market during the forecast period 2021 to 2026. The scope of the hardware segment of the medical alert systems market includes the units of console, transmitter, bracelet transmitter, pendant transmitter, battery and others.
The majority of this material is frequently used in different applications like hospitals and clinics, among others. Thus, the demand for material is expected to be high during the forecast period.
Application of hospitals and clinics to display significant growth in the medical alert systems market, during the forecast period.
The demand for medical alert systems in hospitals and clinics is quite high. It helps monitor patients with neurological disorders, such as Alzheimer’s disease and dementia, by providing two-way communication between caregivers and users and locating those users if they are confused or unable to determine their destination.
The purpose of medical alert systems in a safe environment, such as a hospital, is to substitute for a doctor’s, nurse’s, or caregiver’s watch. Nursing or hospital staff cannot guarantee 24-hour monitoring for elderly patients.
Medical alert systems are most useful when people with dementia and Alzheimer’s are admitted to a hospital. Medical alert systems allow hospital patients to send a signal in the event of an emergency or stroke.
The fall detection feature in medical alert systems also helps users contact caregivers or nurses even if they cannot press the emergency button. Thus, the advanced functionalities of the medical alert system such as GPS, motion sensors, fall detection help caregivers to know the user’s location. The adoption of innovative technologies and solutions has enabled manufacturers to create medical alert systems with enhanced capabilities, thereby keeping up with changing trends and ensuring continued growth in the quality of care provided.
North America will represent the largest market size during the forecast period
North America will be the largest market for medical alert systems. The major factors driving the growth of the medical alert systems market in North America are the increasing adoption of mobile personal emergency response systems, the increase in the geriatric population, an increasing number of patients with Alzheimer’s disease, as well as the emphasis that older people place on independent living and the financial assistance provided. by the government.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, in-depth primary interviews were conducted with key leaders of the Medical Alert Systems market. Here is the breakdown of the profiles of the main participants in the report.
â¢ By type of business: level 1 at 40%, level 2 at 35% and level 3 at 25%
â¢ By designation: C-level executives – 57%, managers – 29% and others – 14%
â¢ By region: North America: 40%, Europe: 30%, APAC: 20% and RDM: 10%
The report profiles key players in the Medical Alert Systems market and analyzes their market shares. The players featured in this report are Philips (Netherlands), Connected America (US), Valued Relationships (US), Medical Guardian (US), ADT (US), Guardian Alarm (US), Bay Alarm Medical (US), MobileHelp (US), Alert1 (US) and LifeFone (US)
This report segments the Medical Alert Systems market by system type, offering, technology, connection type, distribution channel, application, and region. It also describes the key drivers, restraints, challenges and opportunities in this market along with market share analysis, value chain analysis, carrier five force analysis, business analysis, l ecosystem, technology trends, price analysis, key patents, standards and frameworks and case studies / use cases.
Reasons to buy this report
The report will assist the leaders / new entrants in the Medical Alert Systems market in the following ways:
1. The report comprehensively segments the Medical Alert Systems market and provides the closest market size estimate for all sub-segments across all regions.
2. The report will help stakeholders understand the market pulse and provide them with information on the key drivers, restraints, challenges, and opportunities in the Medical Alert Systems market.
3. The report will help stakeholders to better understand their competitors and obtain information for improving their position in the Medical Alert Systems market. The competitive landscape section describes the ecosystem of competitors.
Read the full report: https://www.reportlinker.com/p05091915/?utm_source=GNW
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