Personal Emergency Response System/Medical Alert System Market Share, Revenue And Growth Rate Report by 2025 “Globally, 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.”
The global personal emergency response system/medical alert system market size is expected to value at USD11.1 billion by 2025. The market is subject to witness a substantial growth due to the rise in occurrence of Alzheimer’s disease and higher life expectancy. Additionally, numerous joint ventures and acquisitions by industry players are anticipated to boost growth of the industry. Globally, 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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