Global Medical Alert Systems Market Overview
Medical Alert Systems Market Size was valued at USD 6.80 billion in 2022.
The Medical Alert Systems industry is projected to grow from USD 7.21 Billion in 2023 to USD 11.54 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% during the forecast period (2024 - 2032).
Rising prevalence of chronic diseases, and increasing demand for point-of-care testing are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
IQVIA™ founded a strategic partnership in October 2023, a prominent global provider of advanced analytics, clinical research services, and technology solutions to the life sciences industry with Argenx. They intend to enhance treatment for individuals having rare auto-immune diseases by employing progressive as well as all-inclusive know-how fueled pharmacovigilance (PV) safety programs and platforms.
In September 2023, Mayo Clinic and GE Healthcare announced a strategic collaboration in healthcare. This joint venture consists of research and product development initiatives aimed at revolutionizing patient experience as well as radiology practice for doctors administering complex treatments.
In September 2023, Atropos Health announced its recent strategic funding round, which is famous for providing evidence-based healthcare innovations like the Green Button Clinical Informatics Consult Service. The funds came from investors such as Presidio Ventures (the venture arm of Sumitomo Corporation Venture Group), Samsung Next (a venture arm of Samsung Electronics), Gaingels, and Audere Capital, among others. Atropos Health has this financial support it will use to target commercialization beyond the U.S., leveraging its unique technology and business models. Key clients will initially be in Japan and Brazil.
WellBe is a voice-enabled digital health assistant platform that HandsFree Health launched in May 2023 aimed at supporting effective management of old-age patients' health conditions. With WellBe's introduction comes a carefully planned response to the growing demand for simple-to-use healthcare tools.
According to the company's vision statement, WellBe seeks to make older adults enjoy better access and convenience when managing their health through the use of voice technologies.
In January 2023, Ford partnered with HSC Falls Call Solutions, launching a medical alert system in Australia that helps older patients better than before." This partnership allows seniors throughout Australia to receive support no matter where they are situated, hence promoting security and serenity
In April 2022, Advocate Aurora Health's investment division completed the acquisition of MobileHelp, a leading manufacturer of medical alert systems. This strategic move positions Advocate Aurora Health to broaden its portfolio and strengthen its capabilities in delivering healthcare services, especially remote patient monitoring and emergency response solutions.
Medical alert systems are improved medical gadgets that provide an immediate and more dependable means for elderly people and individuals with health difficulties to contact emergency medical personnel. Additionally, medical alert systems have an assistance button that users can press to contact a live representative at an emergency response center.
The growing geriatric population, innovations in healthcare wearable devices, increasing penetration of smart cell phones in the healthcare sector, and regular changes in technology, as well as the ease of flexibility of PERS instruments, are all contributing to the requirement for individual crisis response operation management, which is accelerating the growth of medical alert systems.
Due to several factors, the sector is anticipated to grow during the predicted period.
Modern medical alert systems also include GPS-based mobile devices, cellular alternatives for users to use while on the go, and features that automatically send an alarm if a fall is detected. In addition, the traditional medical alert system has a base unit and an external help button that a user can put on around the house.
The aging population, technological advancements in wearable healthcare devices, the growing use of smartphones in healthcare, ongoing technological advancements, and the PERS devices' ease of adaptability are the driving forces behind the growth of the health alert system emergency response system market.
As the number of seniors increases, medical alert systems have become more common. The main purpose of personal emergency response systems (PERS) is to enable the elderly and people with disabilities to quickly summon assistance in an emergency.
The global market for medical alert systems is expanding quickly due to growing awareness of the value of ongoing self-health monitoring. An important sign of this trend would be the rising use of mobile alert systems in the global market for medical alert systems. Intense manufacturer rivalry in the global market for medical alert systems and an uptick in large-scale procurement of these systems through GPOs and INHs could limit growth in the years to come.
To introduce iPhone and Android-based health alert systems in Australia, FallCall Solutions and HSC Technology Group have announced their international partnership. This partnership will integrate the FallCall application on a user's iPhone or Android device with the HSC Talius Smart Care System and subsequent-generation Bluetooth medical alert devices.
The medical alarm will launch an assistance call when a fall is detected. This call can link the user's mobile phone to 24-hour response partners nationwide. Help will be deployed, if necessary when the situation is assessed.
Medical Alert Systems Market Trends
- Increasing aging population to boost market growth
With the aging population on the rise, the demand for medical alert systems is expected to increase, as these systems allow older adults to remain independent and age in place. The incidence of chronic diseases such as diabetes, heart disease, and hypertension is increasing, leading to a greater need for medical alert systems to manage these conditions and alert healthcare providers in case of emergencies.
Medical alert systems are becoming more advanced, with features such as fall detection, GPS tracking, and integration with smartphones and other devices. This is making these systems more user-friendly and increasing their adoption among older adults. As more people become aware of the benefits of medical alert systems, there is a growing acceptance and adoption of these devices, which is expected to drive the growth of the market.
Government policies and initiatives to support aging in place and improve access to healthcare services are also expected to contribute to the growth of the medical alert systems market. The Medical Alert Systems market is poised for significant growth in the coming years, driven by demographic, technological, and societal factors, as well as supportive government policies.
Medical Alert Systems Market Segment Insights
Medical Alert Systems System Type Insights
The Medical Alert Systems market segmentation, based on system type, includes Personal Emergency Response Systems (PERS), Nurse Call Systems (NCS), Ambulatory Auto Alert Systems, Automated Airborne Flight Alert System, and Smart Belt. The Personal Emergency Response Systems (PERS) segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2024-2032.
PERS devices are becoming more advanced, with features such as fall detection, GPS tracking, and integration with smartphones and other devices. This is making these systems more user-friendly and increasing their adoption among older adults.
Medical Alert Systems Offering Insights
The Medical Alert Systems market data has been bifurcated by offering into Hardware, Software, and Services. The hardware segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2024-2032.
Advances in hardware technology have led to the development of more advanced medical alert systems that are more reliable, accurate, and user-friendly. These advancements include improvements in sensor technology, battery life, and wireless connectivity.
Figure 2 Medical Alert Systems Market, by Offering, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The trend towards aging in place has led to an increasing demand for home-based medical alert systems. These systems typically consist of a base unit and one or more wearable or stationary devices, all of which rely heavily on hardware technology. Health-Alert (Canada) is pleased to introduce its cutting-edge medical alert service, providing elders and people with unique safety options.
Health-Alert's expansion of its services to citizens across Ontario, Canada, as a dependable provider improves the lives of persons looking for dependable emergency support. Health-Alert (Canada) knows how crucial it is to act quickly in emergencies. With our state-of-the-art technology, people may live freely with confidence, knowing that help is only a button push away.
Medical Alert Systems Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Medical Alert Systems market accounted for USD 3.11 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The North American market for Medical Alert Systems is the largest, owing to the high adoption rate of advanced technology and the increasing aging population.
The United States and Canada are the key markets in the region, with a significant number of market players operating in these countries. Further, the US Medical Alert Systems market held the largest market share, and the Canada Medical Alert Systems market was the fastest growing market in the North American region.
Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3 Medical Alert Systems Market Share By Region 2022 (%)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Medical Alert Systems market accounts for the second-largest market share. The European market for Medical Alert Systems is expected to witness significant growth due to the presence of a large aging population, increasing government initiatives to support aging in place, and increasing technological advancements in the field. The United Kingdom, Germany, France, and Italy are among the key markets in the region.
The Asia-Pacific Medical Alert Systems market is expected to grow at the fastest CAGR from 2024 to 2032. The Asia-Pacific market for Medical Alert Systems is expected to witness the highest growth rate due to the increasing aging population, rising prevalence of chronic diseases, and increasing awareness and adoption of medical alert systems.
China, Japan, and India are the key markets in the region. Moreover, China Medical Alert Systems market held the largest market share, and the India Medical Alert Systems market was the fastest growing market in the Asia-Pacific region.
Medical Alert Systems Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Medical Alert Systems market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations.
Competitors in the Medical Alert Systems industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Medical Alert Systems industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Medical Alert Systems industry has provided innovative products with some of the most significant benefits.
The Medical Alert Systems market major player such as Koninklijke Philips NV (Philips) (Netherlands), ADT (US), AlertONE Service Inc. (US), Bay Alarm Medical (US), GreatCall (US), Life Alert Emergency Response Inc. (US), LogicMark (US), Medical Guardian LLP (US), Nortek Security and Control (US), Rescue Alert (US), and others are working to expand the market demand by investing in research and development activities.
Koninklijke Philips NV (Philips) is a Dutch multinational conglomerate that operates in the healthcare, lighting, and consumer lifestyle industries. The company is headquartered in Amsterdam and has operations in over 100 countries worldwide. In the healthcare industry, Philips focuses on developing and manufacturing a wide range of medical devices, equipment, and services. The company offers medical alert systems under its Lifeline brand, which includes a range of wearable and home-based medical alert devices.
ADT is a leading provider of security and automation solutions in the United States and Canada. The company offers a range of products and services, including home security systems, smart home automation, and medical alert systems. In the medical alert systems market, ADT offers a product called ADT Health, which is a suite of medical alert devices and services designed to help seniors and other individuals with medical conditions to live independently and safely at home.
Key Companies in the Medical Alert Systems market includes
- Koninklijke Philips NV (Philips) (Netherlands)
- ADT (US)
- AlertONE Service Inc. (US)
- Bay Alarm Medical (US)
- GreatCall (US)
- Life Alert Emergency Response Inc. (US)
- LogicMark (US)
- Medical Guardian LLP (US)
- Nortek Security and Control (US)
- Rescue Alert (US)
Medical Alert Systems Industry Developments
Koninklijke Philips NV (Philips)
Philips continues to modify medical alert systems with its IDN-wide patient monitoring platform, enabling caregivers to access patient data from anywhere. By shifting from hardware-based systems to informatics-driven solutions, Philips improves data integration and clinical decision-making. Key innovations include:
Smart Alerts: Advanced algorithms deliver contextualized notifications for early intervention in emergencies.
Mobile and Web Integration: Allows caregivers to monitor patients on-the-go, ensuring seamless communication across care sites.
These developments underline Philips' commitment to improving patient outcomes and enhancing caregiver efficiency through centralized monitoring and intelligent systems.
AlertONE Services Inc.
AlertONE focuses on user-friendly, cost-effective medical alert solutions tailored for home safety. While recent technological updates are not highlighted, the company is renowned for its simple emergency alert systems featuring two-way communication and rapid response services. These solutions cater primarily to seniors who prioritize affordability and reliability.
Bay Alarm Medical
Bay Alarm Medical has enhanced its offerings with GPS-enabled mobile devices and automatic fall detection technology. These systems provide real-time location tracking, catering to active seniors who need protection both at home and outside.
The company's devices are designed for affordability and ease of use, ensuring broad accessibility to users across demographics.
Life Alert Emergency Response Inc.
Life Alert remains a trusted name in the industry with its highly reliable home-based alert systems. In 2024, the company expanded its portfolio by introducing a mobile application to complement its waterproof wearable devices.
This app offers additional safety features for users, especially those on the move, ensuring continuous protection beyond their homes.
Medical Alert Systems Market Segmentation
Medical Alert Systems System Type Outlook
- Personal Emergency Response Systems (PERS)
- Nurse Call Systems (NCS)
- Ambulatory Auto Alert Systems
- Automated Airborne Flight Alert System
- Smart Belt
Medical Alert Systems Offering Outlook
- Hardware
- Software
- Services
Medical Alert Systems Connection Type Outlook
Medical Alert Systems Technology Outlook
- Two-Way Voice Systems
- Unmonitored Medical Alert Systems
- Medical Alert Alarm (Button) System
- IP-Based Systems
Medical Alert Systems Application Outlook
- Home-Based Users
- Senior Living Facilities/Senior Care Centers
- Assisted Living Facilities
Medical Alert Systems Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Medical Alert Systems Report Scope
Report Attribute/Metric |
Details |
Market Size 2022 |
USD 6.80 billion |
Market Size 2023 |
USD 7.21 billion |
Market Size 2032 |
USD 11.54 billion |
Compound Annual Growth Rate (CAGR) |
5.9% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2019 - 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
System Type, offering, connection type, technology, application, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered |
The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Koninklijke Philips NV (Philips) (Netherlands), ADT (US), AlertONE Service Inc. (US), Bay Alarm Medical (US), GreatCall (US), Life Alert Emergency Response Inc. (US), LogicMark (US), Medical Guardian LLP (US), Nortek Security and Control (US), Rescue Alert (US), and others |
Key Market Opportunities |
Rising prevalence of chronic diseases |
Key Market Dynamics |
Increasing demand for point-of-care testing |
Medical Alert Systems Market Highlights:
Frequently Asked Questions (FAQ) :
The Medical Alert Systems market size was valued at USD 6.80 Billion in 2022.
The market is projected to grow at a CAGR of 5.9% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Koninklijke Philips NV (Philips) (Netherlands), ADT (US), AlertONE Service Inc. (US), Bay Alarm Medical (US), GreatCall (US), Life Alert Emergency Response Inc. (US), LogicMark (US), Medical Guardian LLP (US), Nortek Security and Control (US), Rescue Alert (US), and others.
The Personal Emergency Response Systems (PERS) system type dominated the market in 2022.
The hardware had the largest share in the market.