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Table of Contents
Personal Alarm Market has grown at an impressive growth rate between 2018 to 2023 and expected to continue same trend during 2024 to 2030. Increasing demand for Personal Alarm is attributed to high usage for safety purpose. Older people with more than 60 years of age more often experience fall and cannot get up without help. Auto-dialler / Non-Monitored Alarm & Monitored Alarm are primarily product types studied to evaluate global market. Auto-dialler / Non-Monitored Alarm are market leader with around 60 % of market share. Monitored Alarm Market expected to show impressive growth rate in upcoming years.
Competitive analysis included in research study helps users to understand key players market positioning and marketing strategies. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Study on Personal Alarm Market helps to make precise decision to expand market presence and increase market share. Global Personal Alarm Market is highly competitive due to emerging manufactures especially in Asia Pacific region.
Research study includes analysis of Personal Alarm for Adults and Children. Adult segment dominates the market and helps for people with disabilities or recovering from surgery, chronic health condition. The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. Study includes drivers and restraints for Personal Alarm Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Covid-19 Pandemic has severely affected supply chain and complete analysis of impact on market is included in research study.
Regional outlook of research study is based on analysis of Personal Alarm Market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. Currently, North America is market leader with around 35 % of market share followed by North America Europe. North America is expected to show constant demand growth in upcoming years due to high usage among Adults. Asia Pacific is as most attractive market primarily due to high population and increasing safety as well as health concerns. Personal Alarm Market in Middle East also shown impressive growth rate primarily due to the establishment of manufacturing plants.
The report provides Personal Alarm Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Reports also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Personal Alarm Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.
Research study has extensively worked on supply-demand analysis which has become important parameter in consumer goods industry. Supplier analysis helps to understand supply- demand scenario that certainly helps designed better manufacturing process. Analytical tools used while developing research studies include Porter's 5 Forces model, PESTEL analysis, SWOT analysis, market sizing. Opportunities and threat analysis have gained significant importance in recent years primarily due to dynamic nature of consumer goods industry.
Personal Alarm Market: Product Type
Personal Alarm Market: Application
Global Personal Alarm Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Personal Alarm Market:
Geographical analysis of Global Personal Alarm Market:
Global Personal Alarm Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 225.78 million |
Forecast Value (2031) |
USD 571.93 million |
CAGR (2025-2030) |
14.2 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Personal Alarm Market was valued at around USD 225.78 million in 2023 & estimated to reach USD 571.93 million by 2030.
Personal Alarm Market is likely to grow at Compound Annual Growth Rate (CAGR) of 14.2% between 2024 to 2030.
Personal Alarm Market is dominated by the Auto-dialler / Non-Monitored Alarm segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Personal Alarm Market are
Primary driving factors for the growth of the Personal Alarm Market include Growing population and increasing safety as well as health concerns.
Yes, the report includes COVID 19 impact on the market.
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