The emergency call systems market size is projected to reach US$ 7,043.60 million by 2030 from US$ 3,052.05 million in 2022. The market is expected to register a CAGR of 11% during 2022–2030. Rising geriatric population and increasing installation of software solutions are likely to remain key trends in the market.
According to the United Nations (Department of Economic and Social Affairs), it has been estimated that the number of people aged 65 years or above worldwide is projected to more than double, rising from 761 million in 2021 to 1.6 billion by 2050. Among regions, Northern Africa and Western Asia and sub-Saharan Africa are expected to experience the highest growth in the number of older people over the next three decades. For elderly protection, emergency call systems are installed in various healthcare settings as they are equipped with Bluetooth Beacon in the form of a wristband or any other forms, with which an alarm can be triggered in emergency situations by a simple push button. This essentially helps the people who are facing mobility issues such as the geriatric population group.
According to the Census.gov, there were about 55.8 million older population in the United States and the numbers are expected to rise in future years. Emergency call systems which are not only installed in healthcare settings but also households helps in fall detection and prevents the lives of older people living in the region. Such a factor has resulted in the growth of emergency call systems market
Emergency call systems are installed in independent & assisted living facilities, skilled care nursing homes, and medical clinics. Wireless types are being increasingly installed both at small & medium healthcare organizations and large scale organizations that improves the overall well being of the older population patient base.
Thus, the major factor leading to the emergency call systems market growth are the growing number software installations across the healthcare settings .
In the recent past, it has been observed that market participants are launching new products that helps physicians to monitor the patient’s continuously. For instance, in the recent past, the Emergency Response Support System (ERSS) launched a mobile App called ‘112 India’ that helps to quickly raise a request when a person is in emergency, by pressing a button to send alert messages with location data and make emergency call to 112. The concernced facility then aids the service agencies to reach out the requestor quickly.
Key segments that contributed to the derivation of the emergency call systems market analysis are technology and ened user.
The geographic scope of the emergency call systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the emergency market. Increasing geriatric population and rise in technological advancements in the United States has led the growth of regional market. In May 2023, andsFree Health has expanded its product portfolio with the introduction of a new personal emergency response speaker (PERS). The new speakers join the company’s advanced, secure, medical alert devices offering, that includes smartwatches and pendants. Asia Pacific region is anticipated to grow with the highest CAGR in the coming years.
The regional trends and factors influencing the Emergency Call Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Emergency Call Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 3,052.05 Million |
Market Size by 2030 | US$ 7,043.60 Million |
Global CAGR (2022 - 2030) | 11% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Application
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Emergency Call Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Emergency Call Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The emergency call systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the emergency call systems market are listed below:
The “Emergency Call Systems Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Emergency Call Systems Market
The emergency call systems market size is projected to reach US$ 7,043.60 million by 2030.
The global emergency call systems market is estimated to register a CAGR of 11% during the forecast period 2022-2030
HandsFree Health, Bay Alarm Medical, Connected America, Medical Guardian, ADT, Philips LifeLine, Life Alert, MediVcare, Amazon, and Tunstall are some leading players operating in the emergency call systems market
North America has dominated the emergency call systems market in 2022
Rising geriatric population and increasing installation of software solutions are likely to remain key trends in the market..
Innovative Product launches is one of the future trends that will drive the overall emergency call systems market during the forecast period 2022-2030