Personal Emergency Response Systems Market Size, Share And Growth Analysis For 2024-2031| VRI, Honeywell International, Tunstall.

DataM Intelligence has published a new research report on "Personal Emergency Response Systems Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Personal Emergency Response Systems market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

The Personal Emergency Response Systems (PERS) Market refers to the industry focused on devices and services designed to enhance the safety and security of individuals, particularly the elderly and those with health concerns, by enabling them to request help in emergencies. PERS typically include wearable devices, such as pendants or wristbands, equipped with emergency buttons that connect users to emergency services or caregivers.

Market Dynamics:
The Growing Need for Personal Emergency Response Systems Among Seniors
Research from organizations like Clarity, AARP, and MetLife highlights a critical concern for older adults: the fear of losing their independence often outweighs their fear of dying. Unfortunately, one of the most significant threats to this independence is falling, a danger that many are unaware of.

Each year, falls lead to over 2.8 million injuries that require treatment in emergency rooms, with more than 800,000 hospital admissions and over 27,000 fatalities. Alarmingly, every 11 seconds, an elderly individual who has fallen needs emergency care, and every 19 minutes, a fall results in a death.

To address this pressing issue, personal emergency response systems (PERS) like Always Best Care PERS have emerged to ensure that seniors living at home can receive immediate assistance. One innovative solution is Clear Arch HOME, a base-station hub equipped with additional Remote Life Safety (RLS) features.

This system allows seniors to feel more secure in their homes, even without a landline phone. It includes a "help button" pendant, a wristband, and an optional Fall Button. With two-way communication and U.S. emergency monitoring available year-round, Clear Arch HOME provides peace of mind for both patients and caregivers, thanks to its robust battery backup system.

By integrating these technologies, we can help enhance the safety and independence of older adults, allowing them to live with greater confidence in their homes.

Forecast Growth Projected:

The Global Personal Emergency Response Systems Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Personal Emergency Response Systems Market:

VRI, Honeywell International, Tunstall, Robert Bosch GmbH, GreatCall, Koninklijke Philips NV, ADT, Connect America, ModivCare and LogicMark.

Segment Covered in the Personal Emergency Response Systems Market:

By Product: Standalone PERS, Transmitter, R-cube monitoring systems, Standalone voice dialer, Wandering system, Medical alarm system, Landline PERS, Mobile PERS, Wireless, GPS, Cellular.

By End-user: Nursing home, Home-based user, Others.

Regional Analysis:

The global Personal Emergency Response Systems Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Personal Emergency Response Systems Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Personal Emergency Response Systems Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Personal Emergency Response Systems manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Personal Emergency Response Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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