Personal Emergency Response System Market Insights, Trends & Future Development Status Recorded during 2020-2025 | Koninklijke Philips, ADT, Tunstall Healthcare Group

Global Personal Emergency Response System Market overview:

The growing demand for Personal Emergency Response System has provided a major boost to the Global Personal Emergency Response System Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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According the reports Personal Emergency Response System also known as medical alert system or medical alarm, is a type of alarm system, especially designed to indicate and alert the presence of a threat which requires immediate attention and to call in emergency medical work force. Unlike conventional alarm systems which consists of a transmitter and is activated in case of emergency, in the same way, personal emergency response system transmits signals to alarm monitoring medical team, which then departs for the location where the alarm was called up. Usually, such medical alarms are used by disabled or aged people or those who are living alone.

The global Personal Emergency Response System Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Landline

2 Mobile

3 Standalone

On the basis of End Use Industry, the market is split into:

1 Home-Based Users

2 Senior Living Facilities

3 Assisted Living Facilities

These devices are designed as wristbands or neck pendants and are equipped with transmitters to alert the emergency helplines in case any help is required. When alerted, the transmitter sends the signal to an emergency operator which responds by promptly sending help to the individual's location. Based on the severity of the situation, the operator decides whether to send an ambulance to the location or call the designated guardian. Increasing geriatric population along with policies to increase the quality of home healthcare to support independent living has led to innovations in healthcare services. Also, with the proliferation of IoT and similar connected technologies, the personal emergency response systems market has witnessed remarkable growth

Objectives of the Study

To describe and forecast the global Personal Emergency Response System Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Personal Emergency Response System Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Personal Emergency Response System Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Personal Emergency Response System Market.

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Some of the Personal Emergency Response System Market manufacturers involved in the market are Koninklijke Philips, ADT Corporation, Tunstall Healthcare Group, Valued Relationships, Medical Guardian, Acquisitions and effective mergers are some of the strategies adopted by the Personal Emergency Response System Market manufacturers. New product launches and continuous technological innovations are the Personal Emergency Response System Market strategies adopted by the major players.

Latest Industry Updates:

BOCA RATON, Fla., May 21, 2020 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT), a leading security and automation provider serving residential and business customers, today announced a partnership with Instacart to provide its mobile safety solution, Safe by ADT, to the delivery company's 500,000 shoppers through an in-app safety feature beginning this month. The Safe by ADT platform will power Instacart's new safety and emergency response feature, allowing shoppers to quickly and discreetly contact emergency services anytime they may feel unsafe.

Safe by ADT is a data-driven, customizable mobile safety solution that seamlessly integrates into third-party apps, providing on-the-go users with access to ADT's 24/7 professional monitoring centers to help provide emergency assistance. Customers can connect with an ADT monitoring professional who may receive customer location, identity and other partner-specified data, such as trip or task details.

"ADT is eager to work alongside Instacart as it quickly grows and provides more ways to help keep its shoppers and customers safe with tech-based solutions like Safe by ADT," said Leah Page, Vice President, Mobile Security & Strategic Projects at ADT. "At ADT, we believe everyone has the right to feel safe, and companies like Instacart that institute solutions like Safe by ADT are helping to create safer working experiences for hundreds of thousands of Americans."

The new ADT-powered safety feature within the Instacart Shopper app can quickly connect shoppers to emergency services and send along incident details, including GPS location. This feature is especially critical when shoppers are unfamiliar with their surroundings or cannot describe their location to a dispatcher. Once activated, the safety feature can help emergency services to locate the shopper, even if they moved after the initial alert.

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Asia Pacific was a prominent market for Personal Emergency Response Systems in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Personal Emergency Response System market in Asia Pacific.

There are several manufacturers of Personal Emergency Response Systems in Europe and North America. In North America, the demand for Personal Emergency Response Systems is primarily driven by the residential sector. Improved standards of living and rising usage of Personal Emergency Response Systems for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Personal Emergency Response System Market Report 2020

1 Personal Emergency Response System Definition

2 Global Personal Emergency Response System Market Major Player Share and Market Overview

3 Major Player Personal Emergency Response System Business Introduction

4 Global Personal Emergency Response System Market Segmentation (Region Level)

5 Global Personal Emergency Response System Market Segmentation (Product Type Level)

6 Global Personal Emergency Response System Market Segmentation (Industry Level)

7 Global Personal Emergency Response System Market Segmentation (Channel Level)

8 Personal Emergency Response System Market Forecast 2020-2024

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