Personal Emergency Response System Market Is Ready To Reach Cagr Of 5.98% By 2026

By Author: DBMR
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Market Analysis: Global Personal Emergency Response System Market
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.
Global Personal Emergency Response System Market By Type (Landline PERS, Mobile PERS, Standalone PERS), End- User (Home- based Users, Senior Living Facilities, Assisted Living Facilities), Component (Software, Hardware), Services (Monthly, Yearly), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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Market Definition: Global Personal Emergency Response System Market
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
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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.
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Research Methodology: Global Personal Emergency Response System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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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
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