Personal Emergency Response Systems (PERS) devices have been in the market since past few decades. They are being actively adopted by people in a few developed regions such as North America and Europe.
The Personal Emergency Response Systems Market deals with the development, manufacture and distribution of various types of personal emergency response systems (PERS), medical alert devices and medical alert services. Personal Emergency Response Systems are electronic contraptions which allow users to request for emergency medical services.
The development undertaken by the Personal Emergency Response Systems Market over the years has ensured that medical alert systems are connected to smartphones or alarms through which a programmed signal can be broadcast to medical response centers. The signal is transmitted as soon as a button for 'help' is pressed. Medical alert devices like this 'help' button are usually classified as radiofrequency triggers that are worn around the neck or wrist.
Scope & Regional Forecast of the Personal Emergency Response Systems Market
The development of such convenient and compact medical alarm systems has allowed the Personal Emergency Response Systems Market to stake its place in the development of senior alert systems too. Medical alert companies have rightly deduced that the aging population is the most vulnerable, and thus needs access to specialized medical alert services.
A rapidly aging population, superior access to medical services, elongating lifespans and rapidly advancing technology has boosted the future prospects of the Personal Emergency Response Systems Market. Medical alert companies expects the CAGR of personal emergency repsonse systems to be 5.8% during the forecast period of 2015-2020. Medical alert systems are also expected to post a market valuation of $8.4 Billion by the year 2020.
Owing to growing R&D investment on innovative medical alarm systems and senior alert systems, North America and Europe are gradually driving up the revenue of the Personal Emergency Response Systems Market. But medical alert companies are currently focused on the Asia-Pacific region as it provides the biggest chunk of revenue. On the other hand, the home-based medical alert systems segment has been recorded to be biggest revenue generator for the medical alert companies.
Segmentations & Key Players Involved in the Personal Emergency Response Systems Market
According to IndustryARC findings, the Personal Emergency Response Systems Market can be broken down into various segmentations on the basis of –
Type: Landline-Based PERS, Standalone PERS & Mobile PERS.
End-Users: Home-Based Users, Senior Living Facilities and Assisted Living Facilities.
Geographical Location: North America, Europe, Asia-Pacific and RoW (Rest of the World).
Some of the key players involved in the Personal Emergency Response Systems Market according to IndustryARC are as follows:
Lifefone Personal Response Services Koninklijke Philips N.V (Lifeline) Mytrex Inc. DBA Rescue Alert Tunstall Healthcare (UK) Ltd Valued Relationships, Inc. Non-Profit PERS Providers
Personal Emergency Response Systems (PERS) devices have been in the market since past few decades. They are being actively adopted by people in a few developed regions such as North America and Europe.
Personal Emergency Response Systems Market , personal emergency response systems , medical alert systems , medical alarm , medical alert devices , medical alert companies , senior alert systems , medical alert services
Jan 10, 2017
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