Personal Emergency Response System Market Growth Challenges, Opportunities And Forthcoming Developments 2021

Precision Business Insights published a research report on "Personal Emergency Response System Market By Connection (Wired, Wireless), System Type (Cellular PERS, Mobile PERS, Nurse Call Systems, Smart Wearable Belt), By Technology (Two-way Voice Systems, Unmonitored Medical Alert Systems, Medical Alert Alarm (Button) System, IP-based systems and Others), End User (Home Based, Hospitals & Clinics, Senior Living Centers) and Geography - Global/Region/Country Forecast to 2027".

Medical Emergency Response Systems (MERS) are another name for Personal Emergency Response Systems (PERS). The personal emergency response system market is a diverse healthcare monitoring devices industry that serves people who require rapid medical assistance. These gadgets are used by people in general to ensure security and safety when residing or commuting alone, in addition to being used by patients to call for aid in an emergency. Personal emergency response systems are becoming more popular as the need for home healthcare equipment grows around the world, as they provide safety and medical security while remaining accessible and affordable.

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The ageing population, rising number of health-conscious individuals, high device acceptance rates, and latest technological breakthroughs are driving the global personal emergency response system market. The global need for personal emergency response systems is growing because to rising rates of ageing populations and those who choose to live an active life in independent living communities. People with chronic diseases and disabilities can also live independent and effective lives thanks to advances in awareness, self-care, and medical management. The choice to live well with complex illnesses also including dementia and frailty is driving demand for social care services all around the world. These old techniques, on the other hand, are unsophisticated and offer little assistance in practical preventive and life management. As the personal emergency response system industry originated from the securities market, maturity difficulties and aggressive sales methods that do not auger well for long-term growth have also acted as a roadblock for this market.

The global Personal Emergency Response System Market is fragmented on the basis of product type and end-user. On the basis of Product Type, the market is classified into Mobile Devices, Landline Devices, Mobile Apps, and Standalone Devices. On the basis of end-user, the market is divided into Home-based Users, Assisted Living Facilities, and Hospitals.

In North America, the rising frequency of chronic conditions and the rising number of injuries caused by falls are predicted to boost demand for personal emergency response systems. In comparison to other regions, North America has a higher concentration of companies providing personal emergency response systems, resulting in fierce rivalry in the PERS industry. Companies are offering discounts and producing cost-effective items in order to enhance sales. The European market for personal emergency response systems is the second most lucrative. Smartphone-based applications and wearable devices are becoming more popular among Europe's older population. The region has 11.5 percent of the world's population suffering from mental health illnesses.

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some of the major players key players in the global personal emergency response system market, Koninklijke Philips, Connect America, Valued Relationships, Guardian Alarm, Alertone Services, ADT Corporation, LifeFone, Bay Alarm, Medical Guardian, MobileHelp, Nortek Security and Control, Galaxy Medical Alert Systems, Response Now, LifeStation, Rescue Alert, Better Alerts, GreatCall, Electronic Caregiver, Blue Linea, Vanguard Wireless, Tango

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