DUBLIN--(BUSINESS WIRE)--The "Global Medical Alert System/Personal Emergency Response System Market - Segmented by Type (Landline PERS, Mobile PERS and Others), End-User and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Medical Alert System/Personal Emergency Response System market was valued at USD 1,860.48 million in 2017, and is expected to register a CAGR of about 9.68% during the forecast period 2018-2023.
Key Highlights
- Increasing Aging Population across the Globe to Boost the Market
- Overall Cost Associated with the System is High which is Hindering Growth
- Asia-Pacific is Expected to have High Growth Opportunities
Market Segmentation Insights
- Based on the type of medical alert system, mobile PERS was the largest segment in 2017.
- By end-user, home-based users have the highest share in the market.
Developments in the Market
- ADT added video alarm verification services to its award-winning ADT Pulse Platform
- Medical Guardian launched Freedom Guardian, a smart watch designed specifically for seniors' everyday use as well as for emergencies.
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Drivers, Restraints, Opportunities And Challenges Analysis (Droc)
6.1 Market Drivers
6.1.1 Increasing Aging Population Across the Globe
6.1.2 Technological Developments in Healthcare Wearables
6.1.3 Increasing Penetration of Smartphones in Healthcare
6.1.4 Constant Innovations in Technology and Easy Adaptability of PERS Devices
6.2 Market Restraints
6.2.1 Overall Cost Associated with the System is High
6.2.2 Lack of Know-how Pertaining to the New Technology Used in PERS System
6.3 Opportunities
6.3.1 Advancements in Communication Technologies
6.3.2 Emerging Markets Create Growth Opportunities for PERS
6.3.3 Thriving Healthcare Market to Create Need for Affordable Medical Alert Devices
6.4 Key Challenges
6.4.1 False Alarm Decreasing the Efficiency of PERS
7. Market Segmentation
7.1 By Type
7.1.1 Landline PERS
7.1.2 Mobile PERS
7.1.3 Others
7.2 By End User
7.2.1 Home-based Users
7.2.2 Senior Living Facilities
7.2.3 Assisted Living Facilities
7.3 By Geography
7.3.1 North America
7.3.2 Europe
7.3.3 Asia-Pacific
7.3.4 Middle East & Africa
7.3.5 South America
8. Competitive Landscape
9. Major Players
9.1 ADT Corporation
9.2 Bay Alarm Medical
9.3 Philips Lifeline
9.4 Life Alert Emergency Response Inc.
9.5 VRI Inc.
9.6 Tunstall
9.7 Medical Guardian LLC
9.8 Alertone Services LLC
9.9 Greatcall
9.10 Rescue Alert
9.11 Logicmark
9.12 Nortek Security and Control
10. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/g8dmzm/global_medical?w=4
