The global Personal Emergency Response Systems Market is expected to grow at a stupendous rate In Upcoming Years. Today calls for prediction tools that are powered by AI to optimize the usage of the resources available. This could also help in crisis management. As such, key market participants are likely to invest in predictive analytics for condoning unforeseen circumstances. These would be preventive steps taken by the enterprises on the whole.
The Personal Emergency Response Systems Market will be worth US$ 4.0 Billion at a CAGR of 7% between 2019 to 2029. With seamless digital exploration on the anvil, greater patient volume is likely to be enclosed worldwide with no geographical barriers to hold back. Telehealth is there is added to the digital transformation wave, thereby revolutionizing the healthcare vertical.
Rising elderly population and need for continuous patient monitoring have boosted the adoption of personal emergency response systems (PERS), globally. Technological advancements in mobile personal emergency response system devices such as automatic fall detection and medication reminder features are expected to fuel overall personal emergency response systems market growth during the forecast period.
The growing adoption of smartphones by the geriatric population is one of the main factors that supports the introduction of software and applications, as such, enabling the growth of the personal emergency response systems market.
Get Going With Sample Of Personal Emergency Response Systems Market Report! https://www.persistencemarketresearch.co/samples/6403
- Koninklijke Philips N.V
- LifeWatch USA
- ADT Inc.
- Medical Guardian LLC
The global PERS market was valued US$ 4.0 Bn in 2018 and is expected to exhibit a CAGR of 7% during the forecast period (2019–2029).
Get A Customized Scope To Match Your Need Ask An Expert – email@example.com
Key Takeaways of Personal Emergency Response Systems Market Study
Landline-associated devices dominated the personal emergency response systems market in terms of revenue, and are expected to hold nearly half of the PERS market share.
Wearables and sensor-based transmitters are able to track the location of patients during emergency situations. This feature is expected to be one of the growth driving factors.
The demand for personal emergency response systems among home-based users is expected to gain traction during the forecast period.
North America is expected to be a significant revenue generating region in the global personal emergency response systems market, owing to the higher adoption rate of these systems by the geriatric population for medication reminder and health monitoring.
Innovative product launches are boosting the growth of the personal emergency response systems market.
For instance, in December 2019, LifeStation, a leading provider of medical alert monitoring systems for elderly people, launched LifeStation Mobile LTE with a monitoring center of LifeStation, staffed with its team of certified emergency care specialists, enabling seniors to get help quickly.
How About Re-Inventing The Methodical Wheel In The Personal Emergency Response Systems Market? Switch Over To The “Methodology” Tab! https://www.persistencemarketresearch.co/methodology/6403
“Innovative product launches including remote patient monitoring, fall alerts, rhythmic disorder data, and location tracking, and increase in the adoption rate of these systems among home-based elderly people are expected to stimulate significant market growth.”- says a PMR Analyst.
Improved and Efficient Service Offerings – Strategic Focus of Manufacturers
Key players in the personal emergency response systems market are providing a supporting link between users and emergency healthcare service providers through their products. Care@Home from Essence Group learns and adapts to an individual’s daily behavior, and provides alerts with different levels of severity based on variance from the daily routine. In-Home Medical Alert from Bay Alarm Medical sends alerts to trained emergency operators, family, friends, neighbors, and, if necessary, 911 emergency services, by pressing a button.
Keeping A Tab On Key Players In The Personal Emergency Response Systems Market? Go To “Purchase Now” To Decipher The Competitive Analysis In Our Personal Emergency Response Systems Market Report! https://www.persistencemarketresearch.com/checkout/6403
More Valuable Insights on Personal Emergency Response Systems Market
Persistence Market Research offers a unique perspective and actionable insights on personal emergency response systems in its latest study, presenting historical demand assessment from 2014–2018 and projections for 2019–2029.
The global personal emergency response systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provide compelling insights on the personal emergency response systems market on basis of product type (landline devices, mobile devices, standalone devices, mobile applications), and end user (home-based users, assisted living facilities, hospitals), across five major regions.
About us: Persistence Market Research
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – firstname.lastname@example.org
Why pay for news and opinions when you can get them for free?
Subscribe for free now!
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
NEWS4 days ago
M&A may breathe new life into Europe’s neglected telecoms
NEWS4 days ago
Oil rises almost 2% as markets await OPEC+ decision
NEWS4 days ago
Analysis – G20 optimism on global outlook gives BOJ impetus for early stimulus exit
NEWS4 days ago
China approves plan aimed at spurring investment and spending