Medical

The primary goal of this Medical Alert System/Personal Emergency Response System Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the Medical Alert System/Personal Emergency Response System market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the market. The impact of prevailing regulatory scenario on both regional and worldwide Medical Alert System/Personal Emergency Response System market is provided in detail in the report.

Get Sample Copy of Medical Alert System/Personal Emergency Response System Market Report @ https://www.industryresearch.co/enquiry/request-sample/13999713

Key Market Trends:

Mobile PERS Segment by Type is Expected to Grow the Fastest During the Forecast Period

Mobile PERS is found to be the largest segment as these units possess many advantages over traditional PERS units, which include tracking capabilities via a variety of technologies. In addition, they are also lightweight and durable. They are gaining popularity as they allow senior citizens to lead a more independent and healthy lifestyle.

The increasing demand for medical assistance, especially for the elderly, has also resulted in the increasing adoption of landline PERS, which is likely to result in the growth of the medical alert system market over the forecast period.

Asia-Pacific Holds the Fastest Growth in the Market and is Expected to Follow the Same Trend Over the Forecast Period

Asia-Pacific is estimated to be the fastest-growing region in the overall market over the forecast period, owing to the increasing geriatric population and increasing prevalence of chronic diseases. Also, the need for improved healthcare facilities and an increase in home-based health programs are expected to drive the market. Thus, increasing geriatric population and chronic diseases may lead to the growth of the medical alert system market.

The rising technological advancements, increasing awareness among the people, and increasing investments from foreign players are, therefore, expected to augment the growth of the medical alert system market in the future in this region.

Medical Alert System/Personal Emergency Response System Market Covers Key Players:

  • ADT Corporation
  • Bay Alarm Medical
  • Philips Lifeline (Koninklijke Philips N.V.)
  • Life Alert
  • VRI Inc.
  • Tunstall
  • Medical Guardian LLC
  • Alertone Services LLC
  • Greatcall
  • Rescue Alert

    Ask for Discount at https://www.industryresearch.co/enquiry/request-discount/13999713

    Geographical Landscape:

    This Report Focuses on the Medical Alert System/Personal Emergency Response System in the market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • The propelling factors for the growth of the medical alert system/personal emergency response system market include the increasing aging population, technological developments in healthcare wearables, increasing penetration of smartphones in healthcare and constant innovations in technology, and easy adaptability of PERS devices. Owing to the aforementioned factors, the market is expected to experience a boost during the forecast period.
  • With the rapid increase in the elderly population, there is a growing need for medical alert systems in the houses. Personal emergency response systems (PERS) are mainly for the older population and people with disabilities to easily call for help in an emergency. They are also widely adopted and used throughout most western countries. Therefore, with the help of medical alert systems, the elderly can age in the comfort of their own homes, and thus, this factor is likely to propel the growth of the overall market.
  • The current market is also growing due to the increasing adoption of smartphones. The smartphone penetration is estimated at an all-time high, and thus, smartphones are crucial in one’s daily life, which is a major factor for the growth of the market.
  • The wearable health industry has also exploded in recent years, and thus this trend is expected to grow rapidly in the coming years. These wearables are used to monitor the health and well-being of people. In addition, there are technological advancements in wearables that may help the patients to adopt medical systems in the coming years.

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – Medical Alert System/Personal Emergency Response System Market opportunities and recommendations for new investments

    Price Of Report: $ 4250 (SUL)

    Purchase Medical Alert System/Personal Emergency Response System Market Report @ https://www.industryresearch.co/purchase/13999713

    Detailed TOC of Medical Alert System/Personal Emergency Response System Market Research Report 2019 – 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Aging Population Across the World
    4.2.2 Technological Developments in Healthcare Wearables
    4.2.3 Increasing Penetration of Smartphones in Healthcare
    4.2.4 Constant Innovations in Technology and Easy Adaptability of PERS Devices
    4.3 Market Restraints
    4.3.1 Overall Cost Associated with the System is High
    4.3.2 Lack of Know-how Pertaining to the New Technology used in the PERS System
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Landline PERS
    5.1.2 Mobile PERS
    5.1.3 Other Types
    5.2 By End User
    5.2.1 Home-based Users
    5.2.2 Senior Living Facilities
    5.2.3 Assisted Living Facilities
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 ADT Corporation
    6.1.2 Bay Alarm Medical
    6.1.3 Philips Lifeline (Koninklijke Philips N.V.)
    6.1.4 Life Alert
    6.1.5 VRI Inc.
    6.1.6 Tunstall
    6.1.7 Medical Guardian LLC
    6.1.8 Alertone Services LLC
    6.1.9 Greatcall
    6.1.10 Rescue Alert

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    About Industry Research:

    Industry Research is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market, dedicated to bringing you an ingenious concoction of data parameters.

    Contact Us:

    Name: Ajay More

    Organization: Industry Research

    Phone: +44 20 3239 8187 / +14242530807

    Email: [email protected]

    Our latest Report: Flip-Chip Market 2019 Size, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2025

  • Charles Bevers
    News Reporter