Medical Alert System/ Pers Market By Type (Landline PERS, Mobile PERS, Standalone PERS) By End Users (Home – Based Use, Nursing Home, Assisted Living Facilities, Hospices).
Global Medical Alert System/ Pers Market was valued at USD 6.41 Billion in the year 2017. Global Medical Alert System/ PERS Market is further estimated to grow at a CAGR of 5.92% from 2017 to reach USD 9.24 Billion by the year 2023.
North America region holds the highest market share in 2017. Asia Pacific market is considered as the fastest growing market in the projected period due to favorable regulations and policies in these regions.
At a country level, developed markets like the U.S., European nations as well the emerging markets like China, Brazil, and India are further anticipated to grow at a steady pace in the next 5 years.
The major players in the Global Medical Alert System/ PERS Market include ADT Corporation (US), Koninklijke Philips N.V. (Netherlands), Tunstall Healthcare Group Ltd.
(UK), Bay Alarm Medical (US) and Medical Guardian LLC (US). Rising R&D investments and various Organic growth strategies adopted by most of the top manufacturers in recent years has provided comprehensive market opportunities for the various stakeholder.
24 hours monitoring the health
Helps to be independent with build in the emergency alert system.
Ease of use with advanced feature.
Expensive monthly fees & signed contract
Lower acceptance of technology by the senior citizen
Innovations in technologies for better healthcare services
Increasing number of smart phone users.
Mobile Networks connectivity a big challenge for medical alerts.
By end users home based segment because of the growing popularity and availability of advance technology devices and growing prevalence of elderly age.
On the other hand, Mobile PERS by types for this market is expected to grow at the highest CAGR of XXX during the year 2018-2023. The Mobile PERS segment holds the substantial market share because of its high demand and rising awareness about personal health.
Key Benefits for Stakeholders
Medical alert system Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
Healthcare centers and senior citizens
By End Users
Home – Based Use
Assisted Living Facilities
Key Market Players
- 1. ADT Corporation (US)
- 2. Life Alert Emergency Response Inc. (US)
- 3. Bay Alarm Medical (US)
- 4. Philips Lifeline (Netherlands)
- 5. Tunstall Healthcare Group Ltd. (UK)
- 6. VRI, Inc. (US)
- 7. Medical Guardian LLC (US)
- 8. GreatCall (US)
- 9. AlertOne Services LLC (US)
- 10. Nortek Security and Control (US)
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