According to Stratistics MRC, the Global Medical Alert Systems market is estimated at $5.48 billion in 2015 and is expected to grow at a CAGR of 7.8% to reach $9.27 billion by 2022. In time of emergency to provide assistance by healthcare individuals the medical systems are used. Increasing number of ageing population and healthcare awareness coupled with independent lifestyle for soothing life are the factors fueling the market growth. These devices being easily accessible and affordable are further enhancing the market growth. With the current scenario of geriatric population these devices are in its utmost use.
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Assisted living facilities among the end-users is estimated to grow strong led by the coupled wireless and wired communication, whereas mobile PERS among the system types is expected to witness fast growth owing to rise in number of mobile phone users. North America is anticipated to be the largest and fastest growing market because of early inheritance of technology in society.
Some of the Key players in the market are ADT LLC, Alertone Services, LLC, Bay Alarm Medical Company, Connect America, Critical Signal Technologies, Galaxy Medical Alert System, Guardian Medical Monitoring, Koninklijke Philips N.V., Medical Guardian, Simplexgrinnell LP, Tunstall Americas, Valued Relationships, Inc., Siemens AG, Life Alert Emergency Response, Inc. and GE Health Care Solution.
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