Medical Alert System/Personal Emergency Response System Market Worth 9.22 Billion USD by 2023

1. MarketsandMarkets Presents Medical Alert System/Personal Emergency Response System Market Worth 9.22 Billion USD by 2023 Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/medical-alert-systems-market-237415207.html

2. The report "Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 6.61 Billion in 2017 to USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023. The increasing aging population and adoption of PERS as a supportive tool for independent living, technological developments in healthcare wearable, advancement in communication and connectivity technologies, and mobility benefits are the major driving factors for the growth of the PERS market. Browse 71 Market Data Tables and 34 Figures spread through 150 Pages and in-depth TOC on "Medical Alert System/Personal Emergency Response System Market - Global Forecast to 2023"

3. mPERS market expected to grow at the highest CAGR during the forecast period The Mobile PERS (mPERS) market is expected to grow at the highest CAGR during the forecast period. mPERS is gaining popularity as it allows senior citizens to lead a more independent and healthy lifestyle. Advancements in personal safety monitoring technology have expanded the market and provided home security dealers the opportunity to expand traditional security offerings. Decreasing use of landlines, which was the previous communication technology used in PERS units, is causing the widest reactive changes in the PERS industry, as companies have to reformulate the available communication technologies in their solutions. Ask for PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237415207 Emerging markets create growth opportunities for PERS Personal Emergency Response System Market is an established trend in the developed regions of North America and Europe. Due to favorable regulations and policies in these regions, medical alert systems are rapidly being adopted. As the market in developed countries is nearly saturated, market players have shifted their focus towards developing regions, especially the emerging economies of Asia as well as the Pacific region where the home healthcare market has great potential. Emerging markets such as China, India, Brazil, Indonesia, and the Philippines offer significant growth opportunities for personal emergency response systems.

4. Home-based users held the largest share of the PERS market in 2016 Home-based users held the largest share of the overall PERS market in 2016 and are expected to dominate the market till 2023. The PERS market for assisted living facilities is expected to register the highest CAGR during the forecast period. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=237415207 North America expected to hold the largest share, while APAC projected to witness the highest CAGR North America is expected to hold the largest share and dominate the PERS market between 2017 and 2023. The converging trends of aging population, technological advancement, and favorable government policies are driving the growth of the PERS market in North America. In Asia Pacific (APAC), the expenditure on healthcare has increased over the past few years because of the significant increase in the per capita income. This factor encourages people to opt for better and more reliable healthcare options. The major players in the PERS market include Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Valued Relationships, Inc. (US), and Medical Guardian LLC (US).

5. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

6. Contact Us Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:newsletter@marketsandmarkets.com For More Info: https://www.marketsandmarkets.com/PressReleases/personal-emergency-response-system.asp