Market Research Future published a research report on “Global Personal Emergency Response Systems Market Research Report- Forecast 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Market Highlights
The study reveals that personal emergency response systems is trending in North America region. The increasing demand of chips integrated with the belt, wristwatch, necklace and others are widely used among people. The wireless technologies are used with home phone systems which send the signal to the phone. These personal emergency response systems are available with fall detection, help button, fast response, GPS locators and others which enhanced its solution.
In North America region, the personal emergency response systems demand are growing as the prominent companies such as Alertone Standalone PERS, LLC (U.S.), ADT Corporation (US), Valued Relationships, Inc. (US), Nortek Security & Control LLC. (US), LifeStation, Inc. (US), are providing personal emergency response systems solution. The new technology which helps the personal emergency response systems to enhance business and improve a number of crucial services which is provided at the time of emergency. The personal emergency response systems allow the doctors to make smarter decision.
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The Global Personal Emergency Response Systems Market is expected to grow at 6.8% CAGR, witnessing substantial growth during the forecast period. The market was valued at USD 3,490.2 Million in 2018; it is expected to reach USD 5,032.5 Million by 2024. North America accounted for the largest market value of USD 1327.7 Million in 2018; the market is expected to register a CAGR of 7.3% during the forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Personal Emergency Response Systems Market Research Report -Forecast to 2023”.
Key Players:
The key players of the global personal emergency response systems market are Alertone Services LLC (US), Cisco Systems, Inc. (US), Nortek Security and Control (US), VRI (US), Honeywell International, Inc. (US), Tunstall (UK), Robert Bosch GmbH (Germany), GreatCall, Inc. (US), Koninklijke Philips NV (Netherlands), and ADT (US) among others.
Global Personal Emergency Response Systems Market Segmentation
The global personal emergency response systems market are bifurcated on the basis of type, component, applications and region. The types are segmented into mobile PERS, landline PERS, standalone PERS and others. The component are segmented into hardware, solution, service, and others. The applications are segmented senior living facilities, home user, assisted living facilities and others. The region includes North America, Europe, Asia Pacific and Rest of the World.
Market Research Analysis:
On geographic basis, global personal emergency response systems market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the personal emergency response systems market. The personal emergency response systems are gaining huge demand due to the number of technology helps the senior citizen to inform at the critical time and at a very low cost. In this market, Europe is to be estimated to be the second largest market share for personal emergency response systems during the forecast period. Asia Pacific is expected to forecast the highest CAGR in the coming years.
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TABLE OF CONTENTS
1 Executive Summary
1.1 Market Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List Of Assumptions
5 Market Dynamics
5.1 Drivers
5.1.1 Increasing Adoption Of Smartphones And Wearable Devices For Health Monitoring
5.1.2 Need For Convenient And User-Friendly Medical Alert Devices
5.2 Restraints
5.2.1 High Cost Associated With PERS And Limited Technology Literacy
5.3 Opportunities
5.3.1 Advancements In Communication Technologies
Continued…
Know More about this Report @ https://www.marketwatch.com/press-release/personal-emergency-response-system-market-share-emerging-trends-sales-revenue-business-growth-development-strategy-competitive-landscape-and-regional-forecast-to-2023-2019-01-25
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Email: [email protected]Personal Emergency Response Systems, Personal Emergency Response Systems Market, Personal Emergency Response Systems Industry
Based upon type, global personal emergency response systems market is classified into standalone PERS, landline PERS, mobile PERS and others.
Based upon end-user, the market is divided into home-based users, assisted living facilities, nursing homes and hospitals.
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In the event of an injury, disaster, burglary, or other emergency, the button on the device is pressed and the response center dispatch is alerted to send help immediately.
It is very beneficial for seniors who have a history of falling or have been identified as having a high fall risk, older individuals who live alone and people who have mobility issues.
Depending on the system and its monitoring options, user can obtain assistance even while on the go which provides a greater level of independence and assurance during vacations, while running errands, or otherwise outside the primary residence.The regions covered in this Personal Emergency Response Systems (PERS) Market report are North America, Europe, Asia-Pacific and Rest of the World.
Personal Emergency Response Systems allow to quickly call for assistance in case of an accident or medical emergency without turning on the cell phone.
A personal emergency response system has three parts: an integrated radio transmitter, an answering console attached to the phone, and a central call center that monitor all calls made.
The process is accurate, and personal emergency response systems can even direct dispatchers to the location when a personal emergency comes up.Some personal emergency response systems have an integrated three-way voice feature.
When anyone presses the button on their emergency response systems, it registers their call, identifies their location, and transfers the call to a central location for transfer to a live operator.
These devices are called "location detection" or "spot-and-recall" devices and work very well in personal emergencies where a person must exit their vehicle and may need to be found within minutes.The rapidly increasing geriatric population is the main factor that is driving the growth of the global personal emergency response systems market over the forecast period.
Some tracking devices can also serve as personal emergency response systems by alerting services to any medical problems or any other problems that may be encountered.
Market InsightGlobal Personal Emergency Response Systems Market is gaining prominence from the growing semiconductor industry.
Market Research Future suggested that the global personal emergency response systems market is touted to expand at 7.3% CAGR and would achieve a valuation of USD 5,032.5 Million from of USD 1327.7 Million in 2018, during the forecast period (2018-2024).
Increasing geriatric population is the significant factor that is driving the market to a greater extent.OverviewPersonal emergency response systems refer to the devices that let the elderly or disabled individuals get assistance in case of emergencies.
These devices are designed for wearing on wristbands or neck pendants that alerts at the time of emergency when required.Get More Details of Report @ https://www.abnewswire.com/pressreleases/personal-emergency-response-systems-pers-market-size-2019-global-trends-industry-growth-key-players-analysis-development-status-competitive-landscape-and-regional-forecast-2024_441347.htmlMarket Drivers & TrendsThe market is gaining traction owing to the implementation of policies to increase the quality of home healthcare in support of independent living, development, and innovative healthcare services.
It is the trend of living of individuals independently has also encouraged the mass adoption of this product, thus thriving the growth at a rapid pace.At the same time, the proliferation of IoT and similar connected technologies have also emerged as a significant factor behind the market’s growth over the years.
On the other hand, rising ownership of smartphones and wearable devices, especially for health monitoring, have also contributed extensively to the market’s growth.
