|
|
Home | Submit Press Release | Advertise | Submit Website
(CityRegions.Com, May 11, 2018 ) Personal emergency response systems (PERS), also known as medical emergency response systems, allow users to call for help when in an emergency by pushing a button. It has three components: a small radio transmitter, a console connected to the telephone, and an emergency response center that monitors calls. The global medical alert system/personal emergency response system market is expected to register a CAGR of 5.5% during the forecast period, 2018 to 2023.
Major players: ADT CORPORATION, BAY ALARM MEDICAL, PHILIPS LIFELINE, LIFE ALERT EMERGENCY RESPONSE INC, VRI INC, TUNSTALL, MEDICAL GUARDIAN LLC, ALERTONE SERVICES LLC, GREATCALL, RESCUE ALERT, LOGICMARK, AND NORTEK SECURITY AND CONTROL, among others.
Ask for Sample Report@ http://orbisresearch.com/contacts/request-sample/2095495
Key Developments in the Market
January 2018: ADT added video alarm verification services to its award-winning ADT Pulse® Platform
January 2018: Medical Guardian launched Freedom Guardian, a smart watch designed specifically for seniors’ everyday use as well as for emergencies.
Major players: ADT CORPORATION, BAY ALARM MEDICAL, PHILIPS LIFELINE, LIFE ALERT EMERGENCY RESPONSE INC, VRI INC, TUNSTALL, MEDICAL GUARDIAN LLC, ALERTONE SERVICES LLC, GREATCALL, RESCUE ALERT, LOGICMARK, AND NORTEK SECURITY AND CONTROL, among others.
Browse complete report with table of content and list of figures@ http://orbisresearch.com/reports/index/global-medical-alert-system-personal-emergency-response-system-market-analysis-of-growth-trends-and-forecasts-2018-2023
Increasing Aging Population across the Globe
With the rapid increase in elderly population, there is a growing need for medical alert systems in residences. Moreover, among the elderly people falls are one of the most common causes of injury. According to the American Hospital Association, more than one-third of adults aged 65 years and above suffers from a fall each year, and it leads to several other chronic problems if not dealt in time.
Most of the elderly people want comfort of their homes instead of going for other options, such as nursing homes and assisted living facilities. According to the American Association of Retired Persons, 90% of the people aged 65 years and above want to remain in their homes for as long as possible. With the help of medical alert systems, the elderly can age in the comfort of their own homes. Moreover, caregivers have easy access to help via medical alerts.
Technological developments in healthcare wearables, increasing penetration of smartphones in healthcare, and constant innovations in technology and easy adaptability of PERS devices are some of the other drivers of the market.
Low Practicability and Acceptability of Technology among Senior Citizens
The adoption of new technology among the elderly generation is less as they have difficulty coping with the technological upgradation. Moreover, for old people requiring PERS technology, the burden of ongoing ailments is so high that it poses a problem for efficient usage of this technology.
Additionally, overall cost associated with the system is high and knowledge pertaining to the new technology used in PERS system is low. These factors are also restraining the market growth.
Table of Content
1 Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threats of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
Continued
For discount click here@ http://orbisresearch.com/contacts/discount/2095495
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Us:
Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas - 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +912064101019
For More PR’s: http://orbisnewsrelease.com
Follow Us on LinkedIn: https://www.linkedin.com/company/orbis-research
Follow us on Twitter: https://twitter.com/orbisresearch
Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
