Medical Alert Systems market Expected to grow at a CAGR of 7.8% to reach $9.27 billion by 2022

According to Publisher, 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.

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.

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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.

System Types Covered:
-Nurse Call Systems (NCS)
-Ambulatory Auto Alert Systems
-Personal Emergency Response Systems (PERS)
-Mobile PERS
Cellular Emergency Response System
GPS-Based Emergency Response System
Wireless Emergency Response System
-Landline PERS
-Standalone PERS
R Cube/V Cube Monitoring Systems
Standalone Voice Communicator
Transmitters
Wandering System
-Automated Airborne Flight Alert System
-Other System types

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End User Covered:
-Home-Based Users
-Senior Living Facilities
-Assisted Living Facilities

Components Covered:
-GSM
-Fall Detection Sensor
-GPS
-Microphone
-Wireless Transmitter

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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This release was published on openPR.