Global Medical Alert Systems /Personal Emergency Response Systems (PERSs) Market by Types, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Medical Alert Systems /Personal Emergency Response Systems (PERSs) Market was valued at USD 6.2 Billion in 2016. The market is set to grow at CAGR of 5.2% over 2020–2026, owing to improvement in healthcare infrastructure, increase in need for medical alert systems in homes due to growing elderly population and rising adoption of mobile personal emergency response system.

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The propelling factors for the growth of the medical alert system/personal emergency response system market include the increasing aging population, technological developments in healthcare wearables, increasing penetration of smartphones in healthcare and constant innovations in technology, and easy adaptability of PERS devices. Owing to the aforementioned factors, the market is expected to experience a boost during the forecast period.

With the rapid increase in the elderly population, there is a growing need for medical alert systems. Personal emergency response systems (PERS) are mainly for the older population and people with disabilities to easily call for help in an emergency. They are also widely adopted and used throughout most western countries. Therefore, with the help of medical alert systems, the elderly can age in the comfort of their own homes, and thus, this factor is likely to propel the growth of the overall market.

Market Trends, Drivers, Restraints, and Opportunities:

Rapid response offered through MAS can provide quick results to people experiencing fall or are distressed caused by health problems. This is fueling the growth of the market
Alert systems allow responders or caregivers to help patients in real-time thus, preventing the need for the individual to be admitted to a hospital. This, in turn, propels market growth.
Rise in geriatric population globally and technical advancements in healthcare wearables are anticipated to propel the market growth during the forecast period.
Increase in usage of smartphones in healthcare and continuous inventions in technology and easy adaptability of PERS devices are anticipated to boost the market growth.
High costs of these systems and dearth of knowledge related to the innovative technology employed in PERS systems are expected to hinder market growth.
Less acceptance and operability of the technology among senior citizens and incorrect alarms reduce the efficacy of PERSs. These are some factors challenging the market growth.
Technological advances in communication technologies and growth of the economy in emerging nations are projected to create opportunities in the market.