[138 Pages Report] Medical Alert Systems/Personal Emergency Response System (PERS) Market research report categorizes by Type (Landline PERS, Mobile PERS (MPERS), Standalone PERS), by End-User (Home-Based, Senior Living Facilities, and Assisted Living Facilities) and by Geography
The report "Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 6.61 Billion in 2017 to USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023.
The personal emergency response system (PERS) market is estimated to reach USD 7.62 Billion by 2020, at a CAGR of 6.0% between 2015 and 2020. The factors which are driving the personal emergency response system market include expanding base of aging population worldwide and increasing awareness about the healthy and independent lifestyle, making daily living easy and smooth.
The latest report by Precision Business Insights, titled “Personal Emergency Response System Market” covers complete information on market size, share, growth, trends, segment analysis, key players, drivers, and restraints.
The Global Personal Emergency Response Systems Market has recorded $2874.6m in 2017 and it is estimated to surpass $4128.5m by 2023 growing at an estimated rate of more than 6.22% during 2018 to 2023.
Global Personal Emergency Response Systems (PERS) market is estimated at $5.6 billion in 2015 and is poised to reach $8.61 billion by 2022, growing at a CAGR of 6.35% from 2015 to 2022. Reforms in healthcare industry and rising aging population are some of the key factors boosting the market growth.
According to the latest research report by IMARC Group, The global personal emergency response system market size reached US$ 5.86 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.02 Billion by 2028, exhibiting a growth rate (CAGR) of 5.40% during 2023-2028. More Info:- https://www.imarcgroup.com/personal-emergency-response-system-market
The Personal Emergency Response Systems (PERS) Market is estimated to grow from USD 5.9 billion in 2020 to USD 9.1 billion by 2026 at a healthy CAGR of 7.5% during the forecast period.
The 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.
Personal Emergency Response Systems Market Segmented By Landline Devices, Mobile Devices, Standalone Devices, Mobile Applications for Home-based Users, Assisted Living Facilities, Hospitals
Market Research Future published a research report on “Global Personal Emergency Response Systems Market Research Report- Forecast 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024. Get Complete Report @ https://www.marketresearchfuture.com/reports/personal-emergency-response-systems-market-4522
Get Sample Brochure of the Report @ http://www.marketintelreports.com/pdfdownload.php?id=hcr0018 The growing demand for personal emergency communication devices will lead to development of more innovative personal care and home monitoring devices. Furthermore, the advancements in technologies will allow the entry of affordable and efficient personal emergency care devices in the market in the coming years. PERS are medical devices that are used by individuals to call for emergency medical help. These innovative devices contact the emergency care services or the user’s family members through a panic button in the form of a pendant or a wristband. According to MarketIntelReports analysis, the Global Personal Emergency Responses Systems Market will grow at a CAGR of 5.8% and reach $8.4 Billion by 2020.
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.
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.
The Global Personal Emergency Response Systems Market has recorded $2874.6m in 2017 and it is estimated to surpass $4128.5m by 2023 growing at an estimated rate of more than 6.22% during 2018 to 2023. The Mobile PERS unit is witnessed as fast growing in the market with $624.7m revenue and expected to reach $891.6m by 2023 with a CAGR of 6.18%. Standalone PERS Market is projected to grow with a high CAGR of 36.58% during forecast period. North America and Europe holds the maximum share of 38% and 35% in the global PERS Market.
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Personal safety is a fundamental concern for individuals of all ages, and it becomes even more crucial for vulnerable populations, such as seniors. In Australia, there is a growing awareness of the importance of personal safety, leading to the rise in popularity of personal alarms. These compact devices are designed to provide a sense of security and peace of mind, enabling individuals to feel confident and protected in their daily lives. In this blog post, we will explore the concept of personal alarms in Australia and highlight the benefits they offer for personal safety.
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