openPR Logo
Press release

Personal Emergency Response Systems Market is Poised to be Worth US$ 8.3 Bn by the year 2031

03-11-2022 04:18 PM CET | Health & Medicine

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Personal Emergency Response Systems Market 2022-2031

Personal Emergency Response Systems Market 2022-2031

Personal Emergency Response Systems Market 2022-2031

The Personal Emergency Response Systems Market is expected to grow on a healthy note in the subsequent decade. With value-based care picking up, close to 15% of the entire population is under its umbrella as of now. Programs like "Online Bachelor's Degree in General Studies with a Concentration in Healthcare" is being floated, which could aid professionals to lead in the value-based care strategies. In other words, the future belongs to professionals bringing conventional skills in communication, care, and leadership with new-fangled skills in analytics and technology. So, "being value-based" would hold value in the healthcare vertical in the future.

The global PERS market was valued US$ 4.0 Bn in 2018 and is expected to exhibit a CAGR of 7% during the forecast period (2020-2030).

Request for Free Sample Report of "Personal Emergency Response Systems" Market @ https://www.persistencemarketresearch.com/samples/6403

Rising elderly population and need for continuous patient monitoring have boosted the adoption of personal emergency response systems (PERS), globally. Technological advancements in mobile personal emergency response system devices such as automatic fall detection and medication reminder features are expected to fuel overall personal emergency response systems market growth during the forecast period. The growing adoption of smartphones by the geriatric population is one of the main factors that supports the introduction of software and applications, as such, enabling the growth of the personal emergency response systems market.

Key Players:

The report has profiled some of the important players prevalent in the global like - Cape Cod Healthcare Inc., Philips, MedicAlert Foundation, Bay Alarm Medical, and Honeywell International Inc and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Personal Emergency Response Systems Market.                

Key Takeaways of Personal Emergency Response Systems Market Study

Landline-associated devices dominated the personal emergency response systems market in terms of revenue, and are expected to hold nearly half of the PERS market share.

Wearables and sensor-based transmitters are able to track the location of patients during emergency situations. This feature is expected to be one of the growth driving factors.

The demand for personal emergency response systems among home-based users is expected to gain traction during the forecast period.

North America is expected to be a significant revenue generating region in the global personal emergency response systems market, owing to the higher adoption rate of these systems by the geriatric population for medication reminder and health monitoring.

Innovative product launches are boosting the growth of the personal emergency response systems market.

For instance, in December 2019, LifeStation, a leading provider of medical alert monitoring systems for elderly people, launched LifeStation Mobile LTE with a monitoring center of LifeStation, staffed with its team of certified emergency care specialists, enabling seniors to get help quickly.

"Innovative product launches including remote patient monitoring, fall alerts, rhythmic disorder data, and location tracking, and increase in the adoption rate of these systems among home-based elderly people are expected to stimulate significant market growth."- says a PMR Analyst.

Improved and Efficient Service Offerings - Strategic Focus of Manufacturers

Key players in the personal emergency response systems market are providing a supporting link between users and emergency healthcare service providers through their products. Care@Home from Essence Group learns and adapts to an individual's daily behavior, and provides alerts with different levels of severity based on variance from the daily routine. In-Home Medical Alert from Bay Alarm Medical sends alerts to trained emergency operators, family, friends, neighbors, and, if necessary, 911 emergency services, by pressing a button.

Request For Customization @ https://www.persistencemarketresearch.com/request-customization/6403

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Personal Emergency Response Systems Market Manufacturers 
Personal Emergency Response Systems Market Distributors/Traders/Wholesalers 
Personal Emergency Response Systems Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

If you have any special requirements, please let us know and we will offer you the report as you want.      
Key Questions Answered in the Personal Emergency Response Systems Market Report

How is the Personal Emergency Response Systems Market expected to grow over the projected period?

What direction is the Personal Emergency Response Systems Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Personal Emergency Response Systems Market in future?

What are the key market drivers in the Personal Emergency Response Systems Market?

What are significant opportunities and improvement areas for Personal Emergency Response Systems Market manufacturers?

What are the key developments and trends taking over the Personal Emergency Response Systems Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Personal Emergency Response Systems Market?  

If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

Click Here to Buy this Report@  https://www.persistencemarketresearch.com/checkout/6403

Media Contact:

Persistence Market Research

305 Broadway,7th Floor New York City, NY 10007 United States

Call +1-646-568-7751

Call +1 800-961-0353

sales@persistencemarketresearch.com

About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Personal Emergency Response Systems Market is Poised to be Worth US$ 8.3 Bn by the year 2031 here

News-ID: 2576716 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Personal

Hearn Personal Injury & Accident Attorneys: Leading Personal Injury Lawyers in J …
In the unfortunate event of an accident, finding the right legal support can make a significant difference in securing justice and fair compensation. Hearn Personal Injury & Accident Attorneys, a prominent law firm in Jackson, MS, has been a trusted name for individuals seeking experienced representation for their injury claims. Specializing in a variety of personal injury cases, the firm is committed to helping clients navigate the complexities of personal
What do personal injury lawyers do? - Introduction to Personal Injury Law
Personal injuries can turn your life upside down in an instant. Whether it's a slip and fall, a Car Accident Attorney Buffalo NY [https://stevefoleylaw.com/car-accidents/], or medical negligence, the aftermath can be overwhelming. Navigating through medical bills, insurance claims, and legal jargon adds to the stress. That's where personal injury lawyers come into play.These professionals specialize in helping individuals who have suffered harm due to someone else's negligence. They serve as
Personal alarm - The best personal security product for women
Image: https://www.airuize.com/uploads/personal-alarm-keychain-2.jpg Sometimes girls feel scared when they walk alone or if someone is following them. But having a personal alarm [https://www.airuize.com/self-defense-products-2/] around can give people a greater sense of security. Personal alarms keychain [https://www.airuize.com/personal-alarm-application/] are also called personal safety alarms [https://www.airuize.com/of-2004-product.html]. They are mainly used by girls, but they are also suitable for students. When they encounter a sudden attack or want to seek help, this product will play a certain
Top Rated Personal Injury Lawyers: Ehrlich & Naparstek Personal Injury Lawyers
Image: https://www.getnews.info/wp-content/uploads/2024/06/1719331854.png personal injury lawyers Discover top-rated legal representation with Ehrlich & Naparstek Personal Injury Lawyers. With offices serving Stuart, Boynton Beach, Fort Pierce, Port St. Lucie, and West Palm Beach, our dedicated team is committed to advocating for your rights and securing the compensation you deserve. Our experienced attorneys are here to provide expert guidance and personalized support every step of the way. Discover top-rated legal representation with Ehrlich &
Personal Shopping Advisors Market Dynamic Growth Factors, and Outlook until 2030 …
The Personal Shopping Advisors Market research report represents major insights on the current growth dynamics as well as the primary revenue generation elements that are available in the Personal Shopping Advisors industry along with various other factors over the predicted period 2023-2030. The report on the Personal Shopping Advisors market is focusing on a series of parameters including top manufacturing strategies, industry share, prime opportunities, industrial channels, profit margin, etc.
Personal Services Market
Personal Services Market Global Briefing 2017 Personal Services market global briefing provides strategists, marketers and senior management with the critical information they need to assess the global personal services sector. Reasons to Purchase: • Outperform competitors using accurate up to date demand-side dynamics information. Identify growth segments for investment. • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market. • Develop strategies based on likely future developments. • Suitable for