Landline Personal Emergency Response Systems Market will grow at a CAGR of 7.40%, Size, Industry trends

Landline personal emergency response systems market will grow at a CAGR of 7.40% in the forecast period of 2021 to 2028. Increase in geriatric population and health literacy across globe is an essential factor driving the aircraft oxygen system market.

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Personal emergency response systems are the type of devices which are specially designed so that one can get immediate assistance during any emergency. They generally 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.

Increasing involvement of smartphones in healthcare industry is a crucial factor accelerating the market growth, also rising life expectancy, rising adoption of smart and mobile emergency response system, rising technological advancements in medical alert systems, increasing favorable healthcare reforms and financial assistance by government for senior citizens and rising inclination of elders towards independent livings are the major factors among others boosting the landline personal emergency response systems market. Moreover, rising revolution brought by emerging technologies-IoT & AI, rising number of assisted living centers and retirement homes, rising introduction of voice-based and mobile medical alert system and rising transformation in healthcare sector will further create new opportunities for landline personal emergency response systems market in the forecast period mentioned above.

However, rising incidence of false alarm, increasing integration of connected medical devices into established ecosystem and rising lower acceptability among seniors for use of technology are the major factors among others which will curtail the market growth, while rising low penetration of medical alert systems in developing countries will further challenge the landline personal emergency response systems market in the forecast period mentioned above.

Landline Personal Emergency Response Systems Market Scope and Market Size

Landline personal emergency response systems market is segmented on the basis of end-user, component and services. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of end-user, landline personal emergency response systems market is segmented into home-based users, senior living facilities and assisted living facilities.

Based on component, the landline personal emergency response systems market is segmented into software and hardware.

The landline personal emergency response systems market is also segmented on the basis of services into monthly and yearly.

North America dominates the landline personal emergency response systems market due to rising shift from fee to value-based healthcare services, hiking life expectancy, increasing adoption of smart and mobile emergency response system, rising technological advancements in medical alert systems and increasing favorable healthcare reforms and financial assistance by government for senior citizens in this region.

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