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

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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-Re
ports/medical-alert-systems-market-237415207.html
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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"
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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/p
dfdownloadNew.asp?id237415207 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.
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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/re
questsampleNew.asp?id237415207 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).
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