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Personal Emergency Response System Market is Anticipated to Grow at a Strong CAGR by 2027

A new market study is released on Personal Emergency Response System Market 2021 with data Tables for historical and forecast years represented with Chats & Graphs with easy to understand detailed analysis. The report also sheds light on present scenario and upcoming trends and developments that are contributing in the growth of the market. In addition, key market boomers and opportunities driving the market growth are provided that estimates for Global Personal Emergency Response System Market till 2027. The authors of the Personal Emergency Response System Market report have piled up a detailed study on crucial market dynamics, including growth drivers, restraints, and opportunities.

Personal Emergency Response System Market report carries out research and analysis of the market for a particular product/service which includes the investigation into customer inclinations. It performs the study of various customer capabilities such as investment attributes and buying potential. This market report involves feedback from the target audience to understand their characteristics, expectations, and requirements. The report provides new and exciting strategies for upcoming products by determining the category and features of products that the target audiences will readily accept. The global Personal Emergency Response System market research report collects data about the target market such as pricing trends, customer requirements, competitor analysis, and other such details.

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Global personal emergency response system market is set to witness a substantial CAGR of 5.98% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Growing demand for affordable medical alert devices and advancement in communication technologies are the factor for the market growth.

Personal emergency response systems are devices which are specially designed so that one can get immediate assistance during any emergency. They usually consist of three main components such as small radio transmitter, console which is connected to telephone and an emergency response centre which assist calls. The system is linked to other tools such as cell phone or alarm and is programmed to signal a response centre when the ‘ support ‘ button or the ‘ press ‘ button is triggered. Then after receiving signal the operator sends help at the individual location.

Market Drivers:

  • Increasing involvement of smartphones in healthcare industry is acting as a major factor uplifting the market growth
  • Improvement in the healthcare infrastructure also drives the market growth
  • Increasing life expectancy will accelerate the market growth

Market Restraints:

  • Lack of knowledge about the technologies used in PERS will hamper the market growth
  • Less acceptability of the technology will also hinder the market growth
  • High cost associated with the manufacturing of PERS restricts the market growth

Personal Emergency Response System Market Scope and Segmentation:

By Type

  • Landline PERS
  • Mobile PERS
    • Wireless Emergency Response System
    • Cellular Emergency Response System
    • GPS-Based Emergency Response System
  • Standalone PERS
    • Transmitters
    • Standalone Voice Communicator
    • Wandering System
    • R- Cube/V-Cube Monitoring System

By End- User

  • Home- based Users
  • Senior Living Facilities
  • Assisted Living Facilities

By Component

  • Software
  • Hardware
    • Rented
    • Owned

By Services

  • Monthly
  • Yearly

Personal Emergency Response System Market Country Level Analysis

  • North America (United States, Canada & Mexico)
  • Asia-Pacific (Japan, China, India, Southeast Asian Countries & Australia etc.)
  • Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands & Belgium etc.)
  • Central & South America (Brazil, Argentina, LATAM etc.)
  • Middle East & Africa (United Arab Emirates, Qatar, Saudi Arabia, Israel & South Africa etc.)

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-personal-emergency-response-system-market&Somesh

Key Developments in the Market:

  • In December 2018, HomeCentris Healthcare, LLC announced the launch of their HomeCentris Health Link which is personal emergency response system. This new device is a small cell phone with the abilities of the GPS tracking which will help the clients when they get lost. This new device is waterproof and is monitored 24 hours per day. HomeCentris provides non-skilled home care services through HomeCentris Home Health as well as skilled nursing and therapy services
  • In December 2018, Essence announced the launch of their two two-way voice-communication personal emergency response system Essence Umbrella which is specially designed for the safety of the students and staffs in school and universities. The Essence Umbrella is a mobile pendant on all accounts that is equipped with an intuitive management interface with a companion app. It is intended to be turned over to individuals who may be at risk by organisations, from students to remote construction teams or technicians

Competitive Analysis

Global personal emergency response system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares personal emergency response system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global personal emergency response system market are Koninklijke Philips N.V.; Tunstall Canada.; VRI; Guardian Alarm; ALERTONE SERVICES LLC.; Connect America; ADT; Medical Guardian, LLC; MobileHelp; Nortek Security & Control LLC; Galaxy Medical Alert System; Critical Signal Technologies; Mytrex, INC.; LifeFone Medical Alert Services.; Bay Alarm Family of Companies.; VitalConnect; Cisco Systems; Nortek Security and Control; Honeywell International Inc.; GreatCall; Essence.; among others. 

What Are The Key Findings of the Report?

  • Historical and current year revenue of related Personal Emergency Response System Market players analyzed at regional level.
  • One by one company profile of prominent stakeholders.
  • Analysis of the Market size on the basis of product type and end use type.
  • Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global Personal Emergency Response System Market industry.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • Questions answered in the Personal Emergency Response System Market research report:
  • Who are the leading market players active in the market?
  • What would be the detailed impact of COVID-19 on the market size?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the Personal Emergency Response System Market industry?
  • What are the projections for the future that would help in taking further strategic steps?

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

PART 05: MARKET LANDSCAPE

PART 06: MARKET SIZING

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

PART 12: REGIONAL LANDSCAPE

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

PART 15: MARKET TRENDS

PART 16: COMPETITIVE LANDSCAPE

PART 17: COMPANY PROFILES

PART 18: APPENDIX

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