Medical Alert Systems Personal Emergency Response System Pers Market

The market is subject to witness a substantial growth due to the rise in occurrence of alzheimer s disease and higher life expectancy.

Medical alert systems personal emergency response system pers market.

Increasing incidence of alzheimer s disease and rising life expectancy are estimated to boost the market for medical alert systems. Personal emergency response systems serve a valuable purpose for the elderly by providing a number of benefits to those who use them. Personal emergency response systems pers market size and forecast. They enable seniors to call for help in case of emergency with the press of a button.

Medical alert systems where the press of a wearable call button puts you in touch with a dispatcher who can summon emergency help or contact a friend or family member may offer some reassurance. According to verified market research global personal emergency response systems pers market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i e. The medical alert system personal emergency response system market is expected to register a cagr of nearly 9 68 during the forecast period. Based on end use the medical alert systems market is segmented into home based users nursing homes assisted living facilities and hospices.

The medical alert systems industry is expected to witness strong growth in the next six years mainly due to the rising elderly population across the globe increasing adoption of the mobile personal emergency response system. 12 16 3 galaxy medical alert systems personal emergency response systems pers sales revenue price and gross margin 2018 2020 12 16 4 main business overview 12 16 5 galaxy medical alert systems latest developments. Pers devices provide independent living with easy access to care. The medical alert systems market is estimated to be worth usd 6 5 billion in 2020 and is projected to reach usd 9 6 billion by 2025 at a cagr of 7 9 from 2020 to 2025.

This report is segmented by type landline pers mobile pers and other types end user and geography. The global personal emergency response system medical alert system market size is expected to value at usd11 1 billion by 2025. The global pers market is estimated to reach usd 11 1 billion by 2025 according to a new report by grand view research inc.