Companies in the business of offering personal emergency response systems are getting good business because everybody wants to protect his/her house from burglars and medical emergencies. These systems send emergency signals to representatives. Alerts available with medical alert plus serve as on-the-go emergency response system. Advanced emergency response systems can send different kinds of emergency signals for different emergencies. Personal emergency response systems are not just making the homes safer; they are also creating a revolution in the healthcare industry through their variety of features including the availability of fall detection, Global Positioning System (GPS) location capabilities, home temperature monitoring, in-home operations, and others. Most popular emergency response systems are cellular based personal emergency response systems. Most people use them due to immediate response features that enable hands-free, two-way communication over a cellular network.
Market Research Future (MRFR) has released a research report about the global Personal Emergency Response Systems Market that predicts 6% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. In terms of cash, this growth is expected to be around the US $ 9 bn by 2023. Global personal emergency response systems market has been segmented into applications, component, type, and region. On the basis of application, global personal emergency response systems have been segmented into assisted living facilities, home user, living facilities, and others. Components based segmentation of this market covers hardware, software, and service. By types, the market is segmented into landline personal emergency response system (PERS), mobile PERS, standalone PERS, and others.
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Global Personal Emergency Response Systems Market Segmentation
The global personal emergency response systems market are bifurcated on the basis of type, component, applications and region. The types are segmented into mobile PERS, landline PERS, standalone PERS and others. The component are segmented into hardware, solution, service, and others. The applications are segmented senior living facilities, home user, assisted living facilities and others. The region includes North America, Europe, Asia Pacific and Rest of the World.
The prominent players in the global personal emergency response systems market are – Alertone Standalone PERS, LLC (US), Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Valued Relationships, Inc. (US), Nortek Security & Control LLC. (US), LifeStation, Inc. (US), Bay Alarm Medical (US), Medical Guardian LLC (US), Tunstall Healthcare Group Ltd. (UK), GreatCall (US), Guardian Alarm (US), MobileHelp (U.S) among others.
Market Research Analysis:
On geographic basis, global personal emergency response systems market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the personal emergency response systems market. The personal emergency response systems are gaining huge demand due to the number of technology helps the senior citizen to inform at the critical time and at a very low cost. In this market, Europe is to be estimated to be the second largest market share for personal emergency response systems during the forecast period. Asia Pacific is expected to forecast the highest CAGR in the coming years.
TABLE OF CONTENTS
1 Executive Summary
1.1 Market Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List Of Assumptions
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