Medical Alert System - Personal Emergency Response System Market Outlook 2027 By Size, Share, Trends

According to TechSci Research, Global medical alert system - personal emergency response system market is projected to grow at a CAGR of over 5%, in value terms, during 2022-2027. Advancements in personal safety monitoring technology, favourable government regulations and policies, growth in health care industry are some factors, which are expected to propel demand for medical alert system/personal emergency response system over the next five years.

Some of the major players operating in the global Medical alert system/personal emergency response system are Koninklijke Philips N.V., ADT Corporation, Tunstall Healthcare Group Ltd., Valued Relationships, Inc., Medical Guardian LLC, Nortek Security & Control LLC., Legrand Assisted Living & Healthcare, Alertone Services, LLC, LifeStation, Inc., Bay Alarm Medical, LifeFone, GreatCall, Guardian Alarm, etc.

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Objective of the Study:

·         To analyze and forecast market size of the global medical alert system/personal emergency response system market, in terms of value.

·         To define, classify and forecast the global medical alert system/personal emergency response system on the basis of type, end user and regional distribution.

·         To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global medical alert system/personal emergency response system into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.

·         To identify tailwinds and headwinds for the global medical alert system/personal emergency response system market.

·         To examine competitive developments such as expansions, new product launches, contracts and mergers & acquisitions in the global medical alert system/personal emergency response system market.

·         To evaluate competitor and trends in the global Medical alert system/personal emergency response system market.

·         To strategically profile the leading players, which are involved in of medical alert system/personal emergency response system globally.

 

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of medical alert system/personal emergency response system providers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include providers that could not be identified due to the limitations of secondary research. TechSci research analysed components, application and regional presence of all major medical alert system/personal emergency response system providers across the globe.

TechSci Research calculated the market size for the global medical alert system/personal emergency response system using a bottom-up approach, where providers’ value data for different type of (landline, mobile & standalone), medical alert system/personal emergency response system was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

• Global medical alert system/personal emergency response system providers
• Research organizations and consulting companies
• Organizations, associations and alliances related to medical alert system/personal emergency response system.
• Government bodies such as regulating authorities and policy makers.
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as providers and policy makers, which market segments should be targeted over the medical alert system/personal emergency response system in coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	·         Type ·         End User
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE; Saudi Arabia; Israel; Brazil, Argentina; Colombia
Key companies profiled	Koninklijke Philips N.V., ADT Corporation, Tunstall Healthcare Group Ltd., Valued Relationships, Inc., Medical Guardian LLC, Nortek Security & Control LLC., Legrand Assisted Living & Healthcare, Alertone Services, LLC, LifeStation, Inc., Bay Alarm Medical, LifeFone, GreatCall, Guardian Alarm.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global medical alert system/personal emergency response system has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Type:
• Global Medical Alert System/Personal Emergency Response System Market
• Landline
•  Mobile
• Standalone
• Market, by End User:
• Home-Based Users
•  Senior Living Facilities
•  Assisted Living Facilities
• Market, by Geography:
• North America

§  United States

§  Canada

§  Mexico

§  Rest of North America

• Europe

§  United Kingdom

§  Germany

§  France

§  Italy

§  Spain

§  Rest of Europe

• Asia Pacific

§  China

§  Japan

§  South Korea

§  Australia

§  India

§  Rest of APAC

• South America

§  Brazil

§  Argentina

§  Colombia

§  Rest of South America

• MEA

§  Saudi Arabia

§  UAE

§  Israel

§  South Africa

§  Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 20 players

Company Profiles: Detailed analysis of the major companies present in the global medical alert system/personal emergency response system market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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