Global Medical Alert System/Personal Emergency Response System Market, 2023 - Thriving Healthcare Market to Create Need for Affordable Medical Alert Devices

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20 Sep, 2017, 11:00 GMT

DUBLIN, September 20, 2017 /PRNewswire/ --

The "Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The Personal Emergency Response System (Pers) Market is Expected to Be Worth USD 9.22 Billion By 2023, Growing at a CAGR of 5.7% Between 2017 And 2023.

The overall personal emergency response system (PERS) market is projected to exhibit a lucrative growth potential during the forecast period. The increasing aging population and adoption of PERS as a supportive tool for independent living, technological developments in healthcare wearable, advancement in communication and connectivity technologies, and mobility benefits are the major driving factors for the PERS market.

PERS is an important tool, which caters to senior citizens in need of immediate medical attention. Apart from receiving help during an emergency, these devices are also used by people to ensure safety and security when living or traveling alone. PERS device is a boon for seniors who live alone at home for long hours and for seniors who suffer from diseases such as Alzheimer's, diabetes, and heart conditions. The personal emergency response system market is acclaimed by doctors, hospitals, and healthcare organizations such as the American Heart Association (US) and the American Association of Retired Person (US).

The PERS market is currently in its growth phase and is expected to grow further because of the increasing aging population and awareness of independent healthcare devices in the coming years. The PERS market is expected to grow from USD 6.61 Billion in 2017 to USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023.

The personal emergency response system (PERS) market based on regions has been broadly classified into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In terms of value, North America accounted for the largest share of the PERS market in 2016. Reimbursement policies and government regulations are playing a crucial role in the development of the home healthcare sector in North America, which, in turn, is driving the growth of the PERS market in this region. Moreover, the increasing aging population and growing demand for home healthcare devices by seniors who are health conscious are driving the growth of the PERS market.

Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2023. Government initiatives such as the Japan's National Health Insurance (NHI) program and the Health Reform Program of China are creating awareness among senior citizens with regard to healthcare devices and various PERS devices.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Personal Emergency Response Market, By Type

8 Personal Emergency Response System Market, By End User

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

  • ADT Corporation
  • Alertone Services Llc.
  • American Senior Safety Agency (Us)
  • Bay Alarm Medical
  • Blue Willow Systems
  • Connect America
  • Critical Signal Technologies
  • Galaxy Medical Alert System
  • Greatcall (Us)
  • Guardian Alarm
  • Intel Corporation
  • Koninklijke Philips N.V.
  • Legrand (Uk)
  • Life Alert Emergency Response, Inc. (Us)
  • Life Call Medical Alert System (Us)
  • Lifefone
  • Lifewatch Usa (Us)
  • Marigroup Oy
  • Medical Care Alert (Us)
  • Medical Guardian Llc
  • Mobilehelp
  • Mytrex, Inc. Dba Rescue Alert
  • Nortek Security & Control Llc. (Us)
  • Numera Inc.
  • Responsenow Medical Alert Systems (Us)
  • Safe Guardian (Us)
  • Tunstall Americas
  • Valued Relationships, Inc.
  • Vital Connect Inc.

For more information about this report visit https://www.researchandmarkets.com/research/vkg4lq/medical_alert

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