Medical Alert System Market In-Depth Research On Basis Of Type, End-Use, Region And Forecast To 2025 

06/apr/2020 13:28:10 Grand View Research Contatta l'autore

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Personal Emergency Response System Medical Alert System Market

San Francisco, 6  April 2020: The Report Personal Emergency Response System/Medical Alert System Market Analysis By Type (Landline, Mobile, Standalone), By End-use (Home-based Users, Nursing Homes, Assisted Living Facilities, Hospices), And Segment Forecasts, 2018 - 2025

The global PERS market is estimated to reach USD 11.1 billion by 2025, according to a new report by Grand View Research, Inc. Increasing incidence of Alzheimer’s disease and rising life expectancy are estimated to boost the market for Medical alert systems. Moreover, increasing number of mergers and acquisitions by market players are also expected to accelerate growth.

Furthermore, the elderly is more prone to falls, and according to a study, 50% of seniors aged 80 years and 30% of seniors aged 65 fall every year. In addition, those suffering from diseases such as epilepsy, Alzheimer’s, Parkinson’s, multiple sclerosis, and muscular dystrophy, are at a higher risk of falling. These are major factors that are estimated to drive the market.

In addition, availability of technologically advanced medical alert systems, such as those enabled with W-Fi, GPS, BLE, and radio frequency, help caregivers in finding wandering elders. Combination of PERS with mobile communication technology has enabled not only monitoring of users when they are at home, but also when they are traveling and leading active lives. Devices are now capable of predictive or automatic fall detection and connect the elderly to their caregivers and medical professionals. Increasing awareness about Internet of Things has presented a huge opportunity for medical alert systems to create connected homes. Thus, technologically advanced PERS devices have accelerated the growth of the market.

 Access Research Report of Medical Alert System Market https://www.grandviewresearch.com/industry-analysis/medical-alert-personal-emergency-response-system-pers-market

Recent Developments in Medical alert System Personal Emergency Response System Market

  • In December 2018, HomeCentris Healthcare, LLC declared the introduction of personal emergency response system named HomeCentris Health Link device. This device is small size cell phone with features of the GPS tracking which will help the clients when they get lost. HomeCentris Health Link is waterproof and monitored 24 hours per day. This device offers non-skilled home care services through HomeCentris Home Health as well as expert nursing and therapy facilities. This introduction of device will drive the medical alert system market growth.
  • Essence declared the introduction of their two-way voice-communication personal emergency response system Essence Umbrella, in December 2018. This system is particularly designed for the safety of the staff and students in universities and schools. The Essence Umbrella is a mobile pendant and it is equipped with an intuitive management interface with a companion app. The main purpose of this system is to be turned over individuals who may be at risk by organizations, from students to remote construction technicians or teams.
  • As per the Centers for Disease Control (CDC) there are around 645 fall-related emergency room visits for every 10,000 aged individuals. The next most common purpose for looking for instant medical treatment for persons in this age group is motor vehicle traffic, which comprises injuries sustained in an automobile accident. On account of this higher likelihood of falling, it can be very advantageous to have a medical alert system if an older person finds herself or him in this type of circumstance and the necessity of medical support.
  • According to the United Nations Population Fund, UNFPA; the number of aged individuals in the Asia-Pacific region is increasing at an unprecedented amount and it is at the top of the worldwide phenomenon of the aging population. One in four people in Asia and the Pacific will be above 60 years old by 2050. The populace of aged persons in the region will triple between the years 2010 and 2050 near to 1.3 billion people, this will lead to a surge in demand for the medical alert system market in the forecast period.
  • The emerging trend in the medical alert system market is Emergency Medical Technician (EMT) services are developing with improved training in first-aid treatment and Cardiopulmonary. Companies that offer these mechanisms mainly enter into a collaborative project with call centers that are accountable for getting emergency calls and take care of forwarding them to health-care providers. They also offer critical care situations to be flexible by giving medical alarm systems to senior citizens. The US has a major demand for a healthcare emergency.
  • Philips Lifeline announced the Philips Case app, In January 2019. This Philips Case app checks the patient’s well-being and offers medication alerts.
  • Visiting Angels company decided to support test pilot the trusted Companion, an innovative voice-activated tool and a network of Amazon Alexa devices, to assist and care for senior citizens, in July 2019. The tool is pre-programmed to offer security options and companionship for people who previously take at-home nursing care. This tool will boost the demand of medical alert system market in the years to come.

Access Press Release of Medical Alert System Market @ https://www.grandviewresearch.com/press-release/global-medical-alert-personal-emergency-response-system-pers-market

 

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