Medical Alert Systems Market – It’s Opportunities & Challenges
The
medical alert systems market is estimated to be worth USD 6.5 billion in 2020
and is projected to reach USD 9.6 billion by 2025, at a CAGR of 7.9% from 2020
to 2025.
The
global medical
alert systems market exhibits a lucrative growth potential for the
next several years. The major factors driving the growth of the medical alert
systems market are rising elderly population, inclination of senior...
Medical Alert Systems provides flexibility of usage to the senior citizens and provide ease of use in the event of medical emergency.
Personal emergency response systems (PERSs) provide both in-house and out of the house round-the-clock medical assistance to the senior citizens in case of emergency. Technological innovations in the PERS market and globally increasing aging population are driving the overall personal emergency response system (PERS) market. According to the data given by Live Well San Diego, a California-based NGO,...