Global Medical Alert Systems Market 2020-2025 - Featuring Philips Lifeline, ADT, Tunstall, Greatcall, Bay Alarm Medical, Medical Guardian, and More
DUBLIN, May 27, 2020 /PRNewswire/ -- The "Global Medical Alert Systems Market, By Connection (Wired, Wireless), By Type (Landline, Mobile, Standalone), By End-user (Home Based Users, Hospitals & Clinics, Nursing Homes, Assisted Living Facilities), By Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Medical Alert Systems Market is forecast to witness a CAGR of 14% to grow from an estimated $6 billion in 2020 to $11.7 billion by 2025.
In terms of region, North America is the largest market for medical alert systems, with a share of more than 40% in 2019 due to early adoption of the systems and presence of major companies in the region. However, the demand in Asia Pacific is expected to grow at the fastest CAGR during the forecast period due to increasing awareness towards such systems, favorable government policies, increasing investments in healthcare infrastructure, and growing middle class and old population in the region's major economies such as India, China, Japan and South Korea.
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