The report Medical Alert System/Personal Emergency Response System Market by Type (Landline PERS, Mobile PERS, Standalone PERS), by End User (Home-based Users, Senior Living Facilities, Assisted Living Facilities), and by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ 12.62 Bn by 2027, at a CAGR of 6.7 % during a forecast period.
Medical alert systems (MAS), also called as Personal Emergency Response System (PERS), are alarm systems designed to alert linked healthcare facilities in case of any medical risk or injury requiring immediate medical attention. Medical alert systems are generally marketed with a wireless transmitter designed as a pendant, which can be activated in a medical emergency. Disabled and people who do not live with their family members are the major users of these systems. Currently, the medical alert systems market is highly attractive owing to rapidly aging population and increasing awareness among the populace
In the case of any emergency, the person pushes the transmitter that sends an alert signal to a base box or alternative receptor. From there a pre-programmed number (usually 911) may be first called or may go to a call center that will assess the situation at that time. Those within the call center will usually try to talk to the person in suffering over the call box. The box contain a microphone that may obtain the person’s voice if they are ready to talk and if not, 911 is called. If emergency services are transmitted and you cannot get to the door, several companies embrace lock boxes with their medical alert systems so that the house can still be accessible.
Mobile PERS sector are rapidly increasing during the forecast period.
Landline PERS dominated the global market by acquiring almost 35% share of the global market at a dynamic CAGR of in 2017. As a main Type, Mobile PERS is widely used in Home-based Users. Home-based Users is the major downstream of Mobile PERSs, taking 30% of the world Mobile PERS consumption in 2017. According to world telecommunication data by Ministry of International Affairs and Communications (WTDMIAC) Japan, The usage of mobile phones is 100% in many countries while landline usage is 50%.
The Medical Alert System/Personal Emergency Response System Market in North America region is expected to hold the largest share during the forecast period.
Geographically, North America is a leading market for the Medical Alert System/Personal Emergency Response System on accounts of its high demand in Home-based Users industry and various health benefits. Reimbursement policies and government rules & regulations are playing an essential role in the development of the medical alert system in North America, which, in turn, is driving the growth of the PERS market in this region. Furthermore, the increasing aging population and growing demand for home healthcare devices by elder people who are health conscious are driving the growth of the PERS market.
Key players operating in the global Medical Alert System/Personal Emergency Response System market are 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., and MobileHelp. Key players and manufactures are focusing on entering the new market by producing and launching technically advance and cost-effective products in the market. Production capacity expansion, brand portfolio expansion, mergers, collaborations, joint ventures and acquisitions of innovative businesses is the key trend to foot hold and penetrate market.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking in product strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global medical alert system/personal emergency response system market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global medical alert system/personal emergency response system market positioning of competitors.
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