Medical Alert Systems Market Set to Grow 21.6 Billion USD By 2020 1 | Page 3

Home-based users are the largest end-user segment for medical alert systems. This segment
will continue to hold the largest market share owing to the fast growing home healthcare
market and growing demand for efficient emergency communication devices in people with
medical emergencies, chronic diseases and disabilities. One of the major causes of injuries and
hospitalization in older population is the accidental fall. Seniors using medical alert systems get
hospitalized only for fewer days or have shorter days of stay than the people without medical
alert pendants. Although an accidental fall cannot be prevented, these devices reduce the
impact of a fall or injury by ensuring availability of timely medical assistance. In the event of an
emergency, the user presses the red button on the pendant, bracelet or the wireless room
button; the base unit connects the operator within seconds to assess the situation and contact
medical service or the loved ones.
In 2014, North America held largest share of 41%, followed by Europe and APAC in the global
medical alert systems market. Rise in disposable income and aging population will drive the
demand for medical alert systems in the coming years. According to the United Nations, global
aging population over 65 years of age was 566.4 million in 2013 and is expected to grow to
more than 2 billion by 2050. The market is set to grow at a fast pace, particularly in the APAC
region, owing to rise in number of innovations and developments as well as the shift in
demographics towards aging population.