Personal Emergency Response Systems Market – Overview
The change in societal structure has led to more of the elderly population living alone which is prompting a significant surge in the growth of the market. The insights into the semiconductors and electronics industry are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. A 6.8% CAGR is projected to affect earning levels to reach USD 5,032.5 Million by 2024.
The usage of PERS Market is not limited to elderly citizens but also the younger population who are using it to avert any crime or accident that may occur to them. Furthermore, the rising crime rates in urban areas is expected to further add to the development of personal emergency response systems market size in the upcoming years.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/4522
Segmental Analysis
The segmental insights into the personal emergency response systems market are conducted on the basis of type, end user, and region. On the basis of type, the personal emergency response systems market is segmented into mobile such as wireless, cellular and GPS-based, landline, and standalone such as standalone voice communicator, transmitters, R-cube/V-cube monitoring system and wandering system. On the basis of end use, the personal emergency response systems market is segmented into senior living facilities, home-based users, and assisted living facilities. Based on the region, the personal emergency response systems market is segmented into Asia Pacific, North America, Europe, and the other global regions.
Detailed Regional Analysis
The regional assessment of the personal emergency response systems market comprises Asia Pacific, North America, Europe, and the other global regions. The North American region is anticipated to oversee the personal emergency response systems market growth throughout the forecast period owing to the change from fee to value-based healthcare services in the region. Furthermore, the elderly population across the world is a chief reason accountable for the soaring use of personal emergency response systems and the resulting growth of the personal emergency response systems market.
Competitive Analysis
The capability to shape a robust delivery chain in the market is anticipated to use the consumer source in the market. The target market is anticipated to display distinct development in terms of upcoming projections and trends. The barriers to entry in the market are expected to not pose a chief deterrent to the progress of the global market. The financiers in the market are also responsive to the needs that may take place in the future and are thus assigning their resources in a visible manner. The demographic outline of the market gives an impact of being accepted, which is allowing the producers to research with the product features, to offer a more efficient and satisfying user experience. The regulations being applied by government and trade experts on the international scale are demonstrating to be favorable to the global market growth. The augmentation in product quality is estimated to aid the market companies in the development of the user base to advance increased productivity in the coming years.
The principal competitors in the personal emergency response systems market are Cisco Systems, Inc. (US), Koninklijke Philips NV (Netherlands), Nortek Security and Control (US), GreatCall, Inc. (US), Alertone Services LLC (US), VRI (US), Tunstall (UK), Robert Bosch GmbH (Germany), Honeywell International, Inc. (US), and ADT (US) among others.
Get Complete Report @ https://www.marketresearchfuture.com/reports/personal-emergency-response-systems-market-4522
Industry Updates:
Dec 2019 Telus Health recently announced that it is intensifying its LivingWell Companion personal emergency response service (PERS) to care for more elderly Canadians. The company has now purchased DirectAlert, which is a security system dealer that has more than 15 years of knowledge in delivering emergency response services. The LivingWell Companion service offers immediate access to emergency aid 24 hours a day.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
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.
Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/390*The sample pages of this report is immediately accessible on-demand.
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.
