
Photos from Envato
Thanks to product performance innovation and AI integration.
According to SNS Insider, the medical alert system market is worth $9.05B by 2032 and a CAGR of 18.71B by 2032 at a CAGR of 8.45%.
The industry’s expansion is attributed to product performance, artificial intelligence integration and innovations that improve service quality.
In line with this, the development of mobile personal emergency systems, smartphone integration and wearable technologies has enhanced the adoption of these devices.
In addition, the rising population of elderly people and the increasing prevalence of chronic diseases are driving market growth.
“In addition, the government’s initiatives support elderly care and remote patient monitoring to further drive market expansion,” the report said.
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