(EMAILWIRE.COM, August 01, 2018 ) A personal emergency response system is a digital device that lets in a character to be trying to find a relaxed assist in the course of an emergency. That may be a device hooked up to distinct devices consisting of a cellular phone or alarm and are programmed to sign reaction center upon activation of ‘help’ or a ‘push’ button. This help button is a radiofrequency cause device this is normally worn across the wrist or neck. The individual on the receiving prevent of the PERS may additionally actually have interplay with the character if you want to decide which movement must be taken. It's been discovered that there is a growing trend in the direction of using technology that lets in humans to advantage easy get proper of entry to healthcare without any undue strive of staying within the sanatorium.

According to the world health organization, 12.5% of human’s elderly 65 years and older and 45% of people elderly 85 years and older suffer from Alzheimer’s disorder. Additionally, nearly two instances as many women as guys suffer from the disorder.

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The global personal emergency response systems market fee changed into worth USD 3.88 billion in 2018 and anticipated to be growing at a CAGR of 5.4%, to reach USD 5.05 billion by 2023.

Drivers and Restraints:

The increase of the personal emergency response systems market is anticipated to be pushed mainly by way of rising geriatric population opting for better medical alert services. Additionally, availability of coverage software to low-earnings human beings in developed nations is every other issue expected to enhance the popular increase of the market in the near future. Growing incidence of Alzheimer's ailment and rising lifestyles expectancy are anticipated to reinforce the marketplace growth.

Moreover, a standard price associated with the device is excessive and information regarding the latest technology utilized in PERS tool is low are hampering the rise of the market.

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Geographic Segmentation

The market has additionally been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America has the most important percentage and dominates the personal emergency response systems market observed by Europe because of the increase in smart phones or Wi-Fi telephones, technological advancements, upward push in the aging populace and beneficial government guidelines. Asia-Pacific has the fastest developing rate due to the growing expenditure on healthcare, growing populace, growth within the consistent with capita profits and emerging economies like China and India.

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The major share holders of the market include ADT Corporation, Life Guardian Technologies LLC, Koninklijke Philips N.V., Tunstall Healthcare Group Ltd., Bay Alarm Medical Company, Philips Electronics N.V., Alert One Services LLC and Medical Guardian LLC.

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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