Market Analysis Summary

Personal medical alert systems offer a reliable resource during an emergency but do not guarantee an immediate response. These systems typically contain a help button that dials up an emergency response center and connects the victim with a live agent. Most residential medical alert systems have portable help buttons. Some products offer cellular and GPS-based models for people on the go. A personal emergency response system can give an individual peace of mind knowing that help is only a button-press away. Unfortunately, these systems have some drawbacks. They often come with a costly monthly monitoring service. A call notification for help still requires a responder to arrive, and victims often incur additional injuries.

Our research indicates that home-based solutions for fall recovery lift equipment are limited, poorly designed, and expensive. Poorly designed home-based equipment is unlikely to be accessible to or located near the fall victim and will in most cases require an additional person to operate the unit. Unfortunately, many disabled citizens find it difficult to effectively perform the basic fall recovery techniques taught in physical therapy sessions.

United States (U.S) Census Bureau 2016 statistics show that 13.3 percent of the population or 43.3 million people in the U.S. have some form of a disability. The statistics further show that 10.8 percent of the disabled U.S. population is between the ages of 18 and 64, which presents a strong national marketplace for AMR-FRL, as well as great global growth opportunities.