Global Personal Emergency Response System & Medical Alert System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Personal Emergency Response System & Medical Alert System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Personal Emergency Response System & Medical Alert System market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

Medical alert systems, also known as personal emergency response systems, offer a fast and easy way for the elderly, people with health issues, and those who live alone, to get help during an emergency, whether it be a medical issue, a fall, a fire, or any event that requires an immediate response. In a nutshell, these systems contain a help button that dials up an emergency response center and connects you to a live agent.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

The Global Info Research report includes an overview of the development of the Personal Emergency Response System & Medical Alert System industry chain, the market status of Home-based Use (Landline PERS, Mobile PERS), Nursing Home (Landline PERS, Mobile PERS), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Personal Emergency Response System & Medical Alert System.

Regionally, the report analyzes the Personal Emergency Response System & Medical Alert System markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Personal Emergency Response System & Medical Alert System market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Personal Emergency Response System & Medical Alert System market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Personal Emergency Response System & Medical Alert System industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Landline PERS, Mobile PERS).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Personal Emergency Response System & Medical Alert System market.

Regional Analysis: The report involves examining the Personal Emergency Response System & Medical Alert System market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Personal Emergency Response System & Medical Alert System market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Personal Emergency Response System & Medical Alert System:

Company Analysis: Report covers individual Personal Emergency Response System & Medical Alert System manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Personal Emergency Response System & Medical Alert System This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Home-based Use, Nursing Home).

Technology Analysis: Report covers specific technologies relevant to Personal Emergency Response System & Medical Alert System. It assesses the current state, advancements, and potential future developments in Personal Emergency Response System & Medical Alert System areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Personal Emergency Response System & Medical Alert System market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Personal Emergency Response System & Medical Alert System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Landline PERS
Mobile PERS
Standalone PERS

Market segment by Application
Home-based Use
Nursing Home
Assisted Living Facilities
Hospices
Others

Major players covered
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
Nortek Security and Control

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Personal Emergency Response System & Medical Alert System product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Personal Emergency Response System & Medical Alert System, with price, sales, revenue and global market share of Personal Emergency Response System & Medical Alert System from 2019 to 2024.

Chapter 3, the Personal Emergency Response System & Medical Alert System competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Personal Emergency Response System & Medical Alert System breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Personal Emergency Response System & Medical Alert System market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Personal Emergency Response System & Medical Alert System.

Chapter 14 and 15, to describe Personal Emergency Response System & Medical Alert System sales channel, distributors, customers, research findings and conclusion.