Personal Emergency Response System (PERS) Market to Grow at 5.7% CAGR Driven by Integration of PERS with Wireless Phones to 2020
ReportsnReports.com adds Global Personal Emergency Response System Market 2016-2020 latest research report, the analysts forecast global personal emergency response system market to grow at a CAGR of 5.7% during the period 2016-2020.
Pune, India – April 26, 2016 /MarketersMedia/ —
The consolidation of PERS with wireless phones is one of the most noteworthy trends in personal emergency response system market. This has been achieved by the vendors with the use of session initiation protocol and voice over internet protocol technologies. It will allow caregivers to send text messages and to speak directly with patients, providing added benefits such as saving time and resulting in faster communication among patients, hospital staff, and doctors.
Complete report on personal emergency response system market spread across 54 pages, analyzing 5 major companies and providing 25 data exhibits is now available at http://www.reportsnreports.com/reports/533964-global-personal-emergency-response-system-market-2016-2020.html.
Increase in the older population and associated chronic diseases are expected to drive the global personal emergency response system market during the forecast period. The older population requires care in their homes, irrespective of the care they receive in hospitals. However, staying at home carries potential risks of accidents like falls, sudden trauma, and strokes. Due to the independent lifestyles led by the older population, particularly in developed countries, they are not willing to be dependent on their families.
Overview of the personal emergency response system (PERS) market
The personal emergency response system (PERS) for hospital and at-home care is a critical device, specially designed to signal an emergency situation and the requirement of urgent attention for the older population, as well as for people with disabilities. Medical personnel are immediately dispatched by response associates to assist the affected people. With the availability of technologically advanced personal emergency response system market is expected to grow steadily during the forecast period. There have been several technological advancements in PERS devices to make them more user-friendly and efficient. There was a shift from analog equipment to digital equipment, and now the devices have moved from wired systems to wireless systems. These changes have increased the adoption of PERS devices by various healthcare organizations. Moreover, several vendors have undertaken research projects to redesign their PERS devices to enhance their efficiency. The introduction of technologically advanced PERS in the market will aid in the growth of this market in the coming years.Order a copy of Global Personal Emergency Response System Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=533964.
Segmentation by type and analysis of the personal emergency response system market – Mobile, Landline and Stand-alone
In this personal emergency response system market research report, the analysts have estimated factors like the integration of PERS with the wireless phone to drive the market in the predicted period. With the use of session initiation protocol and voice over Internet protocol technologies, the vendors were able to integrate PERS with wireless phones. This allows caregivers to send text messages and speak directly with patients, thereby saving time and resulting in faster communication between patients, hospital staff, and doctors. Furthermore, increasing awareness of the product and telecom regulatory support will aid in the growth of this market until the end of 2020.
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In this market research report, the analysts estimated the Americas to account for the largest share of personal emergency response system market by the end of the forecast period. The PERS market in the Americas is expected to reach close to USD 3 billion by 2020. The increase in smartphones or wireless phones has led to the wider adoption wearable and sensor-based PERS among individuals. Factors like the rise in chronic disease patients, requisite healthcare facilities, and lack of disease management by doctors are expected to propel the prospects of growth in this region.
Key players in the Global Personal Emergency Response System Market: ADT LLC, Bay Alarm Medical, Life Alert Emergency Response Inc., Phillips Lifeline, and Valued Relationships Inc. (VRI).
Other prominent vendors in the market are: Alert One Services, Appello, Age UK, AT&T, Buddi Ltd, Connect America, Critical Signal Technologies, Galaxy Medical Alert Systems, GreatCall Splash, Medical Alarm Concepts Holding, Medical Guardian, MobileHelp, Tunstall Americas, Vector Security, VESAG, VNA Homecare, and Voicecare.
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