Global Personal Emergency Response System/Medical Alert System market cagr 7.0%

Personal Emergency Response System/Medical Alert

System Market Size and Growth

The Personal Emergency Response System/Medical Alert System market is experiencing steady growth due to increasing elderly population and rising awareness about safety and security. The market size is projected to reach $8.1 billion by 2025, with North America dominating the global market. Key players include Philips Lifeline, Tunstall Healthcare, and Medical Guardian.

Companies Covered (Covid 19 Impact Covered)

◍ Koninklijke Philips N.V.

◍ ADT Security Services

◍ Bay Alarm Medical

◍ VRI, Inc.

◍ Life Alert Emergency Response, Inc.

◍ Tunstall

◍ Medical Guardian LLC

◍ AlertOne Services LLC

◍ GreatCall

◍ Rescue Alert

◍ LogicMark

◍ Nortek Security and Control

The Personal Emergency Response System/Medical Alert System Market is highly competitive with key players such as Koninklijke Philips N.V., ADT Security Services, Bay Alarm Medical, VRI, Inc., Life Alert Emergency Response, Inc., Tunstall, Medical Guardian LLC, AlertOne Services LLC, GreatCall, Rescue Alert, LogicMark, Nortek Security and Control. These companies provide a variety of products and services to cater to the growing demand for personal emergency response systems, which help older adults and individuals with disabilities live independently and safely.

- Sales revenue actual figures:

- Koninklijke Philips N.V.: $20.64 billion

- Tunstall: $318 million

- GreatCall: $358 million

Market Segmentation

By Application

◍ Home-based Use

◍ Nursing Home

◍ Assisted Living Facilities

◍ Hospices

◍ Others

By Product

◍ Landline PERS

◍ Mobile PERS

◍ Standalone PERS

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