Research report explores the medical alert system/ PERS market to reckon increasing valuation by the end of year 2022

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 6.4 billion in the year 2016. Global Medical Alert System/ PERS Market is further estimated to grow at a CAGR of 5.9 % from 2016 to reach USD 9.24 billion by the year 2022.

North America region holds the highest market share in 2016. 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 U.S., European nations as well the emerging markets like Chinese, Brazil, and Indian is 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.

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Drivers

            24 hours monitoring the health

            Helps to be independent with build in the emergency alert system.

            Ease of use with advanced feature.

Restraints

            Expensive monthly fees & signed contract

            Lower acceptance of technology by the senior citizen

Opportunity

            Innovations in technologies for better healthcare services

            Increasing number of smartphone users.

Challenges

            Mobile Networks connectivity a big challenge for medical alerts.

By end users home-based segment because of the growing popularity and availability of advanced technology devices and growing prevalence of elderly age.

On the other hand, Mobile PERS types for this market is expected to grow at the highest CAGR of XXX during the year 2017-2022. The Mobile PERS segment holds the substantial market share because of its high demand and raising awareness about personal health.

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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 Type

Landline PERS

Mobile PERS

Standalone PERS

By End Users

Home – Based Use

Nursing Home

Assisted Living Facilities

Hospices

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

1. 1. ADT Corporation (US)
2. 2. Life Alert Emergency Response Inc. (US)
3. 3. Bay Alarm Medical (US)
4. 4. Philips Lifeline (Netherlands)
5. 5. Tunstall Healthcare Group Ltd. (UK)
6. 6. VRI, Inc. (US)
7. 7. Medical Guardian LLC (US)
8. 8. GreatCall (US)
9. 9. AlertOne Services LLC (US)
10. 10. Nortek Security and Control (US)

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Category: Industry Reports & Market Analysis Profile: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...