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Analysis of Medical Alert System/Personal Emergency Response System Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Medical

The “Medical Alert System/Personal Emergency Response System Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Medical Alert System/Personal Emergency Response System market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Medical Alert System/Personal Emergency Response System market report also offers market competitors that includes detailed company profiles along with company product specifications.

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 global 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.

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    In Medical Alert System/Personal Emergency Response System Market Report, Following Companies Are Covered:

  • 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

    Medical Alert System/Personal Emergency Response System Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • As per the , personal emergency response systems (PERS), also known as medical emergency response systems, allow users to call for help during an emergency by pushing a button. Therefore, due to the rapid increase in elderly population, there is a growing need for medical alert systems.

    Reasons for Buying Medical Alert System/Personal Emergency Response System Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    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.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Medical Alert System/Personal Emergency Response System create from those of established entities?

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    Detailed TOC of Medical Alert System/Personal Emergency Response System Market 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

     

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