Covid-19 Impact on Drive high CAGR by Medical Pendant Market Along with Top key players in 2020-2027

Medical Pendant

geeta123
geeta123
8 min read

Medical pendants or medical alert systems are designed to help patients who live alone and the elderly people with health issues. Such systems are helpful in case of any sudden emergency such as a medical condition, fire, or fall. These systems contain a help button which connects to an emergency response. The goal of a medical alert system is to simplify your life, giving peace of mind to both the user and their caregivers.

 

Here are some of the traits we must look for while purchasing such device:

Trustworthy: Medical pendants should be tested and verified before purchasing so that it lasts for at least a couple of years.User-friendly: The system should be easy enough to be operated by people with any level of technical knowledge.Reliable Customer Care: A diligent customer service is always a must for services like this.Pricing: Medical alert systems or medical pendants cost around $20-$40 per month for traditional in-home systems. The on-the-go systems are costlier than the in-home systems.Flexible Contracts: One must consider systems with flexible contracts which offer easy cancelation terms.

 

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Best Medical Pendants for 2020

Medical Guardian

Medical Guardian is the medical pendant system with best overall value. This system includes a traditional in-home medical alert system, two mobile devices with GPS, an in-home cellular option, and a smart watch. All of these devices can be paired with a fall detection technology. The systems are both instinctive and easier to use.

Bay Alarm Medical

Bay Alarm Medical offers a traditional in-home medical alert system with a GPS-enabled mobile unit. It also offers an in-car system which is the first of its kind. They also allow you to save by bundling their in-home system with one of their on-the-go options. Another amazing fact about Bay Alarm Medical system is that it has an affordable pricing.

Philips Lifeline

Philips Lifeline is best known for its user-friendly interfaces. The system contains a traditional in-home system, the HomeSafe along with the GoSafe 2, a mobile alert system with GPS capabilities and two-way talk. Their new Philips Cares app allows caregivers to view the status of their loved one’s device and even create schedules for checkups and other assistance.

LifeFone

LifeFone offers an incomparable level of customer service. At-Home and On-The-Go GPS combo are other services provided by LifeFone which are specially designed for spouses or partners.

LifeFone has four different alert systems in total: (a) In-home (both landline and cellular options), (b) a bundled at-home, (c) on-the-go system (perfect for couples), and (d) a bundle of two mobile units (perfect for active couples).

Although LifeFone specially offers options suitable for couples, their perfect equipment and locked-in pricing make them fulfilling for almost anyone.

QMedic

The smartest medical alert system, QMedic was developed by MIT scientists. QMedic is the mishmash of the simple functionality of a medical alert system and an advanced range of proactive measures such as activity monitoring and wellness calls. These systems are particularly designed for the disabled, frails, or blind persons.

 

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Impact of COVID-19 on Medical Pendant Industry

During this pandemic, the World Health Organization (WHO) is functioning with governments and medical equipment manufacturers for constant supply of medical devices and increase the production to meet the supply demand. Also, increasing healthcare expenditure to adopt advanced medical devices and accessories to conduct regular surgeries is also helping the growth of the medical pendant market. According to a recent report , the global market of medical pendant has garnered a revenue of $450.5 million in 2020 despite the crisis of coronavirus outbreak.

 

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