Global Medical Alert Systems (MAS) Market Is Estimated To Witness High Growth Owing To Increasing Significant Investments By Key Players And Rising Geriatric Population

Overview:

A Medical Alert Device determines individuals’ needs and what special features are needed in a medical alert system. Among the most important features to look for are fall detection and GPS tracking, which can help responders identify the location. Emergency response devices connect with emergency services and loved ones. They are great for anyone who wants to live independently and protect themselves, regardless of their age or health condition. Especially helpful for people with chronic conditions or disabilities, such as Parkinson’s disease, epilepsy, diabetes, and COPD.

Medical Alert Systems (MAS) 

Generally, at-home Medical Alert Systems consist of a base unit that connects to various wearable devices and wall-mounted sensors. Many companies also offer mobile systems, which typically don’t require a base unit and can be carried with everywhere. Some Medical Alert Systems also have a risk-free trial period, which can be used to try out a device and see how it works before buying it. These trial periods usually last 30 days, and some providers even offer a money-back guarantee.

Market Dynamics:

Growing acquisitions are estimated to augment growth of the global Medical Alert Systems (MAS) Market over the forecast period. For instance, Advocate Aurora Enterprises acquired MobileHelp, in April 2022. According to the acquisition MobileHelp's advanced product offering will contribute in improving Aurora's care coordination. Moreover, increasing instances of medical alert system malfunction are anticipated to restrain growth of the global medical alert systems (MAS) market over the forecast period.

Impact of COVID-19:

The pandemic was announced as a public health emergency by the World Health Organization in 2020. This outbreak led to shutting down of several businesses, and industries around the world. The pandemic also affected almost all sectors of the society.  Countries like China, Italy, India, the UK, the US, and many more imposed strict nationwide lockdowns for preventing the further spread of the virus. These lockdowns had a negative impact on lives of millions of people, as several people were stuck away from family, many were working remotely. The lockdown was also difficult for elderly citizens staying alone. Thus, there was an increased demand for medical alert devices during the pandemic. The global Medical Alert Systems (MAS) Market witnessed significant growth during the pandemic.

Key Takeaways:

The global Medical Alert Systems (MAS) Market is expected to witness high growth, exhibiting CAGR of 9.8 % over the forecast period, due to increasing product launches. For instance, SOS Anywhere launched a new PERS called SOS anywhere mobile medical alert system in January 2021, for senior citizens.

North America is anticipated to witness significant growth in the global medical alert systems (MAS) market over the forecast period, owing to growing adoption of medical- and health-related wearable devices and increasing rapid technological advancements.

Major players operating in the global Medical Alert Systems (MAS) Market are VRI, ADT, AlertOne Services, LLC, Connect America, LifeFone Medical Alert Services, Medical Guardian LLC, Ascom, Hill-Rom Services, Inc., MobileHelp, Jeron Electronic Systems Inc., and Bay Alarm Medical.