Market Insights:
Personal Emergency Response System/Medical Alert System Market size was valued at USD 7.1 Billion in 2021, registering a CAGR of 10.8% during the forecast period (2022-2030), and the market is projected to be worth USD 17.8 Billion by 2030.
Personal emergency response systems (PERS), sometimes known as medical emergency response systems, enable users to summon assistance in the event of an emergency by pressing a button. It consists of three parts: a tiny radio transmitter, a telephone-connected console, and an emergency response centre that monitors calls. Medical alert systems are often sold with a wireless transmitter in the form of a necklace that may be activated in the event of a medical emergency. The majority of these emergency systems are used by disabled and elderly persons who do not live with their families. The medical alert systems industry is now very appealing owing to the constantly ageing population and rising public awareness.
Personal Emergency Response System/Medical Alert System Market Research Report” was just released by Market Research Community. It is divided into several categories, including By type (Landline PERS, Mobile PERS, Standalone PERS, Other Types), By End Use (Home-based Users, Assisted Living Facilities, Others), and companies (Nortek Security & Control LLC, Legrand Assisted Living & Healthcare, Alertone Services, LLC, LifeStation, Inc., Koninklijke Philips N.V.,ADT Corporation, Tunstall Healthcare Group Ltd, Valued Relationships, Inc., Medical Guardian LLC), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.8%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Personal Emergency Response System/Medical Alert System in the Healthcare IT industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Personal Emergency Response System/Medical Alert System also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Personal Emergency Response System/Medical Alert System in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 17.8 Billion |
| CAGR (2022-2030) | 10.8% |
| By Type | Landline PERS, Mobile PERS, Standalone PERS, Other Types |
| By End Use | Home-based Users, Assisted Living Facilities, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Nortek Security & Control LLC,Legrand Assisted Living & Healthcare,Alertone Services, LLC,LifeStation, Inc., Koninklijke Philips N.V.,ADT Corporation,Tunstall Healthcare Group Ltd,Valued Relationships, Inc.,Medical Guardian LLC. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Personal Emergency Response System/Medical Alert System market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Nortek Security & Control LLC,Legrand Assisted Living & Healthcare,Alertone Services, LLC,LifeStation, Inc., Koninklijke Philips N.V.,ADT Corporation,Tunstall Healthcare Group Ltd,Valued Relationships, Inc.,Medical Guardian LLC.
Market Segment Analysis:
By Type
- Landline PERS
- Mobile PERS
- Standalone PERS
- Other Types
By End User
- Home-based Users
- Assisted Living Facilities
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Personal Emergency Response System/Medical Alert System industries in the region.
Key Personal Emergency Response System/Medical Alert System Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Personal Emergency Response System/Medical Alert System Market segments.
– Largest Market Share Held by Industry to Industry for Personal Emergency Response System/Medical Alert System
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Personal Emergency Response System/Medical Alert System Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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