The global PERS market is estimated to reach USD 11.1 billion by 2025, according to a new report
by Grand View Research, Inc. Increasing incidence of Alzheimer’s disease and
rising life expectancy are estimated to boost the market for Medical alert
systems. Moreover, increasing number of mergers and acquisitions by market
players are also expected to accelerate growth.
Furthermore, the elderly is more prone to falls, and
according to a study, 50% of seniors aged 80 years and 30% of seniors aged 65
fall every year. In addition, those suffering from diseases such as epilepsy,
Alzheimer’s, Parkinson’s, multiple sclerosis, and muscular dystrophy, are at a
higher risk of falling. These are major factors that are estimated to drive the
market.
In addition, availability of technologically
advanced medical alert systems, such as those enabled with W-Fi, GPS, BLE, and
radio frequency, help caregivers in finding wandering elders. Combination of
PERS with mobile communication technology has enabled not only monitoring of
users when they are at home, but also when they are traveling and leading
active lives. Devices are now capable of predictive or automatic fall detection
and connect the elderly to their caregivers and medical professionals.
Increasing awareness about Internet of Things has presented a huge opportunity
for medical alert systems to create connected homes. Thus, technologically
advanced PERS devices have accelerated the growth of the market.
Browse
Details of Report @
http://www.grandviewresearch.com/industry-analysis/medical-alert-personal-emergency-response-system-pers-market
http://www.grandviewresearch.com/industry-analysis/medical-alert-personal-emergency-response-system-pers-market
Further Key Findings From the Report Suggest:
- Standalone devices are expected to be one of the fastest growing
segments over the forecast period owing to their accessibility and
affordability
- Mobile systems were the largest segment in 2016 due to their
widespread utilization
- Home-based users segment is estimated to be the fastest growing
end-use segment over the forecast period and it was the largest end-use
segment in 2016
- North America dominated the market in 2016 owing to local presence
of key players and increasing number of mergers and acquisitions
- Asia Pacific is expected to be the fastest growing region over the
next decade with a lucrative CAGR from 2017 to 2025 due to improved
economic conditions and rise in healthcare expenditure
- Some of the key players are Koninklijke Philips N.V.; ADT Security
Services; Bay Alarm Medical; VRI, Inc.; Life Alert Emergency Response,
Inc.; Tunstall; Medical Guardian LLC; AlertOne Services LLC; GreatCall;
Rescue Alert; LogicMark; and Nortek Security and Control
- Most of the key players are focusing on expanding their product
portfolios, and engaging in collaborations and acquisitions
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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