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 system works with a triangulation algorithm to determine the best location for receiving signals. 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. However, many people prefer a one-way, automatic transfer mechanism that does not require them to press a button to transfer a call. 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. For instance, according to United Nations, in 2019, there were around 703 million people in the world, aged 65 or more. The total geriatric population is estimated to double to around 1.5 billion in 2050. Moreover, the increasing amount of healthcare-related expenditures is also augmenting the growth of the global personal emergency response systems market.
For many people, having a personal emergency response system means that their loved ones can reach them more quickly than they would if they simply called out to their friends and family by cell phone. 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. These services can help alert authorities to the whereabouts of the individuals so that they can find them more quickly. However, technical glitches, the high cost of the services, and lesser knowledge about such services, epically in developing economies are the main factors that are influencing the growth of the global personal emergency response systems market negatively.
North America is witnessing significant demand in the global personal emergency response systems market, owing to the increase of the geriatric population in the region. For instance, according to the U.S. Census Bureau, more than 54 million US residents in 2019 were 65 years or older. Owing to such factors there have been significant industrial developments in the global personal emergency response systems market. For instance, in November 2019, a provider of mobile personal emergency response systems, MobileHelp, stated that it will be integrating its caregiver and customer capabilities with the Alexa platform of Amazon.
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.
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.
