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Exclusive Report on Medical Alert System/Personal Emergency Response System Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Medical

The “Medical Alert System/Personal Emergency Response System Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Medical Alert System/Personal Emergency Response System Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Medical Alert System/Personal Emergency Response System market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Medical Alert System/Personal Emergency Response System Market Are:

  • 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

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    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.

    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.

    Medical Alert System/Personal Emergency Response System Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Medical Alert System/Personal Emergency Response System market?
    • What are the key market trends impacting the growth of the global Medical Alert System/Personal Emergency Response System market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Medical Alert System/Personal Emergency Response System market?
    • What are the market opportunities and threats faced by the vendors in the global Medical Alert System/Personal Emergency Response System market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Medical Alert System/Personal Emergency Response System market?

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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.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Medical Alert System/Personal Emergency Response System Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Medical Alert System/Personal Emergency Response System.

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    Report Objectives:

    • Analyzing the size of the Medical Alert System/Personal Emergency Response System market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Medical Alert System/Personal Emergency Response System market.
    • Determining the key dynamics of the Medical Alert System/Personal Emergency Response System market.
    • Highlighting significant trends of the Medical Alert System/Personal Emergency Response System market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Medical Alert System/Personal Emergency Response System market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Medical Alert System/Personal Emergency Response System market.

    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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