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The Personal Emergency Response Systems Market is slated to reach US$ 4.0 Billion at a CAGR of 7% between 2019 to 2029. The present scenario is that of consumers driving as well as the accelerating pace of alteration in the healthcare vertical. This drives the digitally-enabled, seamlessly connected, and on-demand clinician-patient interactions. As such, patient-centric delivery transcending geographical barriers would be the epicenter going forward.
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.
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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).
Key Takeaways of Personal Emergency Response Systems Market Study
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“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.
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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.
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