DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Personal Emergency Response System Market - Forecasts from 2017 to 2022" report to their offering.
In 2022, the market for Personal Emergency Response System is expected to reach US$7.056 billion, increasing from US$5.590 billion in 2017. During this period it is projected to grow at a CAGR of 4.77%.
Personal Emergency Response Systems (PERS) are mobile or portable devices that help track health of an individual and send out emergency signals to the authority concerned. They are in the form of lightweight transmitters, powered by a battery and can be easily carried anywhere.
Demand for such systems has risen significantly in recent years owing to the availability of technology, rising aging or dependent population across various regions and rising incidence of chronic health issues. Factors driving growth in the market are increasing healthcare expenditure, the proliferation of smartphones and increasing penetration of digital technology. Geographically Asia-Pacific is expected to witness the highest growth over the projected period, driven by rising demand from an affluent and aging population.
Key industry players profiled as part of this section are Bay Alarm Medical, Medical Guardian, Koninklijke Philips N.V and Tunstall Americas among others.
Segmentation
By Type:
- Landline
- Mobile
- Standalone
By End-User:
- Hospitals and Clinics
- Specialized Services Facilities
- Homecare
Companies Mentioned
- ADT LLC
- Alert One Services
- Bay Alarm Medical
- Guardian Medical Monitoring Systems
- Koninklijke Philips N.V
- Lifefone (MSS Electronics Inc.)
- Lifestation Inc.
- Medical Guardian
- Mobile Help
- Tunstall Americas
For more information about this report visit http://www.researchandmarkets.com/research/s4bfdb/personal
