The global medical alert system market is predicted to grow from USD 5.9 billion in 2019 to USD 9.5 billion in 2025, growing at a CAGR of 7.9% during the forecast period 2020–2025. The personal emergency response systems (PERS) is majorly used by the elderly individuals who are prone to various chronic diseases, such as Alzheimer’s, dementia, diabetes, weakening of reflexes, heart diseases, and other health issues. The old aged people are more susceptible to falls, which is a major reason for severe injuries among the elderly. If not treated on time, it could lead to a disability or death. The medical alert system market is praised by hospitals, doctors, and healthcare organizations such as the American Heart Association (US) and the American Association of Retired Person (US).

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Medical alert system or PERS ensures that people are getting assistance during any emergency quickly. This system provides help for 24x7 with a press of button for many devices or through calls. These systems are usually user-friendly and are trending in the market. With help of these systems people feel safe and live freely. With this system it is also possible to add levels of safety so that based on it the quick emergency service is delivered by the vendor. There are various medical alert systems available in the market that is affordable for implementation. The system is mainly used by senior or old age people and the people who are living alone or people with disabilities in their home. The medical alert system can be chosen from the variety of options available based on the requirement. There are various trends in medical alert system like mobile-based medical alert, GPS integrated system, and many more.

The best medical alert systems are used by the geriatric population or people who need special care such as to send an emergency signal to contact emergency services or caregivers. The personal emergency response systems (PERS) consist of a hardware device, monitoring platform, response center, and a caregiver. The system’s hardware consists of a console along with a transmitter for communication between the user and the monitoring response center. The response centers are majorly responsible for dispatching the emergency team soon after an emergency signal is received from the user’s end. The ecosystems comprise are givers, which can be family, friends, or any other person assigned by the user.

360Quadrants has released a quadrant Best Medical Alert System to help businesses make quicker and more informed decisions. 360Quadrants are generated post analysis of companies (product portfolios and business strategy). Quadrants will be updated every three months based on market and regional analyses and developments in the Medical Alert System market.

Categorization of MEDICAL ALERT SYSTEM vendors on 360Quadrants

More than 40 companies offering Medical Alert System were evaluated, of which, 20 companies were categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.

Koninklijke Philips, Connect America, Valued Relationships (VRI), Guardian Alarm, and Alertone Serviceshave been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy.

QMedic, BayAlarm, Lifefone, MobileHelp, and Critical Signal Technologies have been identified as innovators as they have focused product portfolios, and an innovative business strategy which helps in setting new trends in the market.

Rescue Alert, Better Alert, LifeStation, Response Now, and Vangaurd Wireless have been identified as emerging companies as they have a niche product offering and a decent businessstrategy which helps them in growing consistently.

Medical Guardian LLC, ADT Corporation, GreatCall, Galaxy Medical Alert Systems, and Bluelinea have been recognized as dynamic differentiators as they have an innovative portfolio of solutions and services.

The 360Quadrants platform provides the most granular Medical Alert System comparison between vendors.

360Quadrants conducts in-depth SWOT analysis and accurately analyses the companies considered for evaluation. This helps service providers in learning about new opportunities and areas where they lag behind their peers. It also helps clients in choosing the most appropriate vendor for their requirements.

360Quadrant Company Evaluation Methodology

The Top Medical Alert System will be rated using the following methodology -

1. A highly experienced team of researchers and senior analysts conducts extensive research to generate a list of vendors (competitors).
2. A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Product Maturity and Company Maturity.
a. Criteria under Product Maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact on customer value.
b. Criteria under Company Maturity include geographical footprint, partner ecosystem, financial stability, and client coverage, or sector footprint.
3. Approximately 20+ in-depth parameters will be considered for research for the Medical Alert System market. These parameters will be updated every sixmonths to ensure the latest developments are taken into consideration.
4. A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:
Buyers
Industry Experts
360Quadrants Analysts
Vendors (Competitors)
5. The inputs are analyzed, and a final rating is assigned to each vendor (competitor).
6. After the finalization of ratings, each vendor is placed in the most relevant quadrant based on itsscore.