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The global medical alert systems/personal emergency response systems market size is anticipated to increase at a substantial CAGR during the forecast timeline, 2020u20132026.
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Welcome To Dataintelo Medical Alert Systems /Personal Emergency Response Systems (PERSs) Market Size, Growth | Industry Report, 2026 The global medical alert systems/personal emergency response systems market size is anticipated to increase at a substantial CAGR during the forecast timeline, 2020–2026, owing to growing usage of personal emergency response systems for reduced readmissions in hospitals. Additionally, healthcare reforms are projected to drive the medical alert systems or the market growth during the forecast period. Market Trends, Drivers, Restraints, and Opportunities: Rapid response offered through MAS can provide quick results to people experiencing fall or are distressed caused by health problems. This is fueling the growth of the market Alert systems allow responders or caregivers to help patients in real-time thus, preventing the need for the individual to be admitted to a hospital. This, in turn, propels market growth. Rise in geriatric population globally and technical advancements in healthcare wearables are anticipated to propel the market growth during the forecast period. Increase in usage of smartphones in healthcare and continuous inventions in technology and easy adaptability of PERS devices are anticipated to boost the market growth. High costs of these systems and dearth of knowledge related to the innovative technology employed in PERS systems are expected to hinder market growth.
Less acceptance and operability of the technology among senior citizens and incorrect alarms reduce the efficacy of PERSs. These are some factors challenging the market growth. Technological advances in communication technologies and growth of the economy in emerging nations are projected to create opportunities in the market. Scope of the report: The report on medical alert systems/personal emergency response systems market includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report. Attributes Details Base Year 2019 Historic Data 2015–2019 Forecast Period 2020–2026 North America, Europe, Asia Pacific, Latin America, Middle East &Africa Regional Scope Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast Report Coverage Medical Alert Systems/Personal Emergency Response Systems Market Segment Insights: Growing usage of standalone PERSs is boosting the growth of the standalone PERSs segment In terms of types, the medical alert systems/personal emergency response systems market has been divided into landline PERSs, mobile PERSs, and standalone PERSs. The mobile PERSs segment has been further segregated into wireless emergency response systems, cellular emergency response systems, and GPS-based emergency response systems. The standalone PERSs segment has been classified as standalone voice communicator, transmitters, R- cube/V-
cube monitoring systems, and wandering systems. The standalone PERSs segment has been projected to grow considerably during the forecast period. Standalone PERSs are widely used to provide emergency protection in uncertain circumstances, for instance an unexpected fall during travel. This, in turn, fuels the growth of the segment. Request Sample Report: https://dataintelo.com/request- sample/?reportId=130156 Rising demand for microfiltration is projected to propel segment growth Based on end-users, the market has been categorized as home-based users, senior living facilities, and assisted living facilities. The home-based users segment is projected to register significant CAGR during the forecast period due to high demand for the system from home-based users. Market in North America to expand at a considerable pace in the coming years On the basis of geography, the global medical alert systems/personal emergency response systems market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to grow significantly during the forecast period due to the growth in the elderly population and rise in the demand for home healthcare devices by senior citizens who are health conscious. Competitive Landscape: Major companies in the medical alert systems/personal emergency response systems market are ADT Corporation, Alertone Services, LLC, Bay Alarm Medical, Connect America, GreatCall, Guardian Alarm,Koninklijke Philips N.V., Legrand Assisted Living & Healthcare, Life Alert Emergency Response, Inc., LifeFone, LifeStation, Inc., Medical Guardian LLC, MobileHelp, Nortek Security & Control LLC., Tunstall Healthcare Group Ltd., and Valued Relationships, Inc. The industry is expected to observe several collaborations, mergers, and acquisitions undertaken by these players to provide effective and reachable patient care.
Segments Covered in the Report The global medical alert systems/personal emergency response systems market has been segmented based on types, end-users, and regions. By Types Landline PERSs Mobile PERSs Wireless Emergency Response Systems Cellular Emergency Response Systems GPS-based Emergency Response Systems Standalone PERSs Transmitters Standalone Voice Communicator Wandering Systems R-Cube/V-Cube Monitoring Systems By End-users Home-based Users Senior Living Facilities Assisted Living Facilities By Regions North America Europe Asia Pacific Latin America