Global Medical Alert System/Personal Emergency Response System Market

Market Dynamics:
1. Market Drivers
1.1 Advancements in Communication Technologies
1.2 Increasing need for affordable medical alert devices
1.3 Growing aging population across the globe
1.4 Technological enhancements in healthcare wearables
1.5 Increasing adoption of smartphones in healthcare
1.6 Continuous innovations in technology and easy adaptability of PERS devices
2. Market Restraints
2.1 False alarm decreasing the efficiency of PERS
2.2 High overall cost
2.3 Poor knowledge of the new technology used in PERS systems
2.4 Poor acceptability among senior citizens

Market Segmentation:
The Global Medical Alert System/Personal Emergency Response System Market is segmented on the end user, type, and region.

1. End User:
1.1 Senior Living Facilities
1.2 Assisted Living Facilities
1.3 Home-based Users

2. By Type:
2.1 Standalone PERS
2.1.1 Wandering System
2.1.2 R-cube/V-cube Monitoring System
2.1.3 Transmitters
2.1.4 Standalone Voice Communicator
2.2 Landline PERS
2.3 Mobile PERS
2.3.1 Cellular Emergency Response System
2.3.2 GPS-based Emergency Response System
2.3.3 Wireless Emergency Response System

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. ADT Corporation
2. Tunstall Americas
3. Valued Relationships, Inc.
4. Connect America
5. Critical Signal Technologies
6. Galaxy Medical Alert System
7. Numera Inc.
8. Mobilehelp
9. Koninklijke Philips N.V.
10. Guardian Alarm
11. Mytrex, Inc. Dba Rescue Alert
12. Alertone Services LLC.
13. Medical Guardian LLC

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Medical Alert System/Personal Emergency Response System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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