Personal Emergency Response/Medical Alert System Market Outlook Till, 2014 - 2025: Million Insights

The personal emergency response system (PERS) market is predicted to grow at CAGR of 5.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the market. Furthermore, the rise in prevalence of critical injuries during falls in elderly population between age of fifty to eighty years are substantially contributing to the demand of medical alert system market in recent years. Additionally, increasing number of patients suffering from diseases such as epilepsy, Alzheimer, Parkinson, and multiple sclerosis are escalating demand for personal emergency response system (PERS). Such diseases are caused due to risks associated with falling. With recent technological advancement involving wireless communication technologies such as W-Fi, GPS, Bluetooth LE, and radio frequency are aggravating demand for medical alert system among elderly population.

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Adoption of personal emergency response system (PERS) alongside mobile communication technologies allows monitoring of patients at home from a remote location. Thus, giving feel of safety for patient and their relatives while performing regular tasks. In-built automatic fall detection system quickly informs healthcare professionals or caretaker in case of emergency. Increasing adoption of IoT technology in healthcare sector is one of the key driver for sustained growth of the personal emergency response system/medical alert system industry in recent years. Subsequently, increase in the awareness programs by private players about medical alert systems are boosting sales of these equipment.

Mobile personal emergency response system is one of the fastest growing segment in the personal emergency response system/medical alert system market with highest revenue generation over last couple of years. Growth of the mobile personal emergency response system market segment is attributed to its rising popularity among consumers. Also, increasing use of smartphones across the globe are likely boost sales of the mobile personal emergency response system in coming years. Similarly, standalone devices have shown substantial growth since last few years due to improved accessibility, compact size, and cost-effectiveness.

Personal emergency response system, also widely known as medical alert system is set devices that monitors patient activities, provides detailed report to healthcare professional, and an emergency button. The Personal emergency response systems commonly consist of three major electronic components including a compact radio transmitter, a console panel linked to communication channel and an emergency response system that monitors calls.

Trnsmitters are light in weight and battery powered devices that are typically placed on either patient neck or tied around a wrist band. As soon as emergency button is pressed by patients, a signal is sent to the console that automatically dials multiple number of contact emergency number, which are already stored by patient.

The personal emergency response system/medical alert system industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence of well-established healthcare infrastructure.