Global Medical Alert System/Personal Emergency Response System Market was valued at US$ 7.51 Bn in 2019 and is expected to reach US$ 12.62 Bn by 2027, at a CAGR of 6.7 % during a forecast period.
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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Medical Alert System/Personal Emergency Response System market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in Medical Alert System/Personal Emergency Response System market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Personal emergency response systems (PERS), also refer as medical emergency response systems, allow users to call for help when in an emergency by pushing a button. It has three components a small radio transmitter, a console connected to the telephone, and an emergency response center that monitors calls. With the rapid increase in elderly population, there is a rising need for medical alert systems in residences. Furthermore, among the elderly people falls are one of the most common causes of injury. Medical alert systems are typically marketed with a wireless transmitter designed as a pendant, which can be activated in a medical emergency. Disabled and elderly people who do not live with their family are the major users of these emergency systems. Presently, the medical alert systems market is highly attractive due to rapidly aging population and increasing awareness among the people.
Increasing aging population across the globe, technological developments in healthcare wearables, healthcare reforms expected to favor growth of PERS market, increasing penetration of smartphones in healthcare, and constant innovations in technology are the major driving factor for the growth of the market in the forecast period. Whereas overall cost associated with the system is expected to hinder the market in the forecast period. Advancements in communication technologies, emerging markets create growth opportunities for PERS, and thriving healthcare market to create need for affordable medical alert devices are likely to be the opportunity for the market in the foreseen period.
Based on type, Mobile PERS systems was the largest segment in 2017 owing to wide utilization. The increasing advancements in personal safety monitoring technology have extended the market and provided home security dealers the opportunity to expand traditional security offerings. Declining use of landlines, which was the previous communication technology used in PERS units, is causing the widest reactive changes in the PERS industry, as companies have to reformulate the available communication technologies in their solutions.
Based on End-user, Home-based users held the largest share of the PERS market in 2017 and expected to dominant the market in the foreseen period. Home-based users have the highest share in the market which is about 64.6 % due to growing adoption rate and easy affordability. They also maintain the privacy by allowing them to remain in their own homes.
Geographically, North America is a develop market, followed by Asia Pacific. The demand in the area is high owing to the presence and development of end-use for the product. The region accounted for over 41.58% of the global market in 2017. Asia Pacific is a potential market due to the presences of developing countries such as China and India. Due to increase in expenditure of healthcare over the past few years will encourages peoples to opt for better and more reliable healthcare options.
The Scope of Global Medical Alert System/Personal Emergency Response System Market: Inquire before buying
Global Medical Alert System/Personal Emergency Response System Market, by Type:
• Landline PERS
• Mobile PERS
o Wireless Emergency Response System
o Cellular Emergency Response System
o GPS-based Emergency Response System
• Standalone PERS
o Transmitters
o Standalone Voice Communicator
o Wandering System
o R-cube/V-cube Monitoring System
Global Medical Alert System/Personal Emergency Response System Market, by End User:
• Home-based Users
• Senior Living Facilities
• Assisted Living Facilities
Global Medical Alert System/Personal Emergency Response System Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Medical Alert System/Personal Emergency Response System Market:
• Koninklijke Philips N.V.
• ADT Corporation
• Tunstall Healthcare Group Ltd
• Valued Relationships, Inc.
• Medical Guardian LLC
• Nortek Security & Control LLC
• Legrand Assisted Living & Healthcare
• Alertone Services, LLC
• LifeStation, Inc.
• Bay Alarm Medical
• LifeFone
• GreatCall
• Guardian Alarm
• Connect America
• Life Alert Emergency Response, Inc.
• MobileHelp
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The latest trending report Global Medical Alert System/Personal Emergency Response System Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Medical Alert System/Personal Emergency Response System market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 7.4% in the forecast period of 2020 to 2025 and will expected to reach USD 2235.8 million by 2025, from USD 1679.7 million in 2019.The Medical Alert System/Personal Emergency Response System market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/30359-medical-alert-systempersonal-emergency-response-system-market-analysis-reportThe major players covered in Medical Alert System/Personal Emergency Response System are: Koninklijke Philips Mobilehelp Guardian Alarm Tunstall Americas Medical Guardian Valued Relationships Galaxy Medical Alert System Connect America Alertone Services Numera Critical Signal Technologies MytrexBy Type, Medical Alert System/Personal Emergency Response System market has been segmented into Landline Type Mobile Type Standalone TypeBy Application, Medical Alert System/Personal Emergency Response System has been segmented into: Home-Based Users Senior Living Facilities Assisted Living FacilitiesThe report offers in-depth assessment of the growth and other aspects of the Medical Alert System/Personal Emergency Response System market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Medical Alert System/Personal Emergency Response System Market @ https://www.decisiondatabases.com/contact/download-sample-30359The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Medical Alert System/Personal Emergency Response System product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Medical Alert System/Personal Emergency Response System, with price, sales, revenue and global market share of Medical Alert System/Personal Emergency Response System in 2018 and 2019.Chapter 3, the Medical Alert System/Personal Emergency Response System competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Medical Alert System/Personal Emergency Response System breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Medical Alert System/Personal Emergency Response System market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Medical Alert System/Personal Emergency Response System sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Medical Alert System/Personal Emergency Response System Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-30359All Medical Devices Reports by DecisionDatabases.com @ https://goo.gl/wiaThbAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The personal emergency response system (PERS) market is expected to be worth USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023 as per report by MarketsandMarkets.Healthcare reforms expected to favor growth of PERS marketHealthcare reforms are general rules used for discussing major health policy creation or changes.
Under the Patient Protection and Affordable Care Act (PPACA), an increasing number of individuals with healthcare insurance coverage would drive the demand for healthcare industry services and products such as fall detectors and medical alert systems.
As part of the Affordable Care Act (ACA) and overall health reforms currently underway in the US, there has been an ongoing focus to reduce readmission rates.
Research indicates the use of medical alert devices creates better outcomes for individuals (on average) by reducing hospital readmissions by 48%, decreasing the number of days hospitalized by 69%, and reducing the number of emergency room visits by 6.5%.Increasing use of personal emergency response systems is the key factor for lesser readmissions in hospitals.
The quick response provided by medical alert systems can improve the outcomes for individuals who experience a fall or are afflicted by other medical issues.
Alert systems enable a caregiver or responder to resolve the situation in real-time, thereby preventing the need for the individual to be admitted to a hospital.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237415207Overall cost associated with the system is expected to impact the adoption of PERS devicesSenior citizens do not have a regular income source.
Medical alert systems are electronic devices that provide easy access to telephone answering service (PAS) numbers for medical emergencies.
Medical alert systems are also called medical response systems and are designed to alert family members immediately in the case of an emergency.
Medical alert systems are similar to home telephone answering machines, except they are equipped with a medical transmitter that can be attached to the person's body.
These models are:One of the ways in which medical alert systems for seniors are changing the way in which seniors are able to stay in touch with their doctors and emergency personnel is by using smartphones.
A smartphone app makes it possible for seniors to stay in touch with the doctor and emergency responders even when they cannot see them.
Most importantly, smartphones allow them to do this anywhere there is a wireless signal, which is not always available.
