North America Personal Emergency Response Systems Market projected to reach a market value of USD 1.7 billion by 2021
North America Personal Emergency Response Systems Market By Type (Mobile Based, Landline Based, Standalone)
(EMAILWIRE.COM, February 01, 2018 ) The North America Personal emergency response systems market was worth USD 1.32 billion in 2016 and estimated to be growing at a CAGR of 5.12%, to reach USD 1.7 billion by 2021. Personal emergency response systems are the medical devices where individuals call for medical help during emergency. These devices are very innovative which contact the emergency care services or the other family members. Other than the use of patients during emergency, these devices are also used for general use, to ensure safety and security when living or travelling alone.
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Shift from analog to digital equipment and wired to wireless systems, increased the adoption of personal emergency response system market. This system is also allowing caregivers to send messages and speak directly with patients, thereby saving time and resulting in faster communication between patients, hospital staff and doctors. It allows open communication between the patient and other through the main unit, enabling the doctors to affect a proper response where the range of the pendant is normally inside the home and partly outside.
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Rising geriatric population, adoption of Personal emergency response systems as a supportive tool for independent living, rapid technological advancements in healthcare wearable, increased penetration of smartphone-based mobile applications, rising awareness towards personal healthcare and monitoring, lack of disease management, advancement in communication and connectivity technologies, and mobility benefits are driving the growth of the North America personal emergency response system market. However, lack of awareness and decreasing use of landlines are restraining the growth of the market.
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The North America Personal emergency response systems market is segmented on the basis of type, end-user and region. On the basis of type, the market is segmented into mobile based, landline based and standalone. The mobile PERS segment was the highest contributor to the North America market due to the rising use of smartphone among older people and increasing demand for the best-in-class devices for patients like GPS, wireless, and 3G cellular. Depending on the end-user, the market is segmented on the basis of home-based users, senior living facilities, assisted living facilities and others. Home-based users have the largest revenue in the market which is operated through mobile and landline telephone that as the largest revenue-yielding segments in the PERS market. The assisted living facilities is expected to have the fastest growing rate during the forecast period. The North America market has been geographically segmented into segmented into US and Canada. North America has the largest share and dominate the Personal emergency response systems market due to the increase in smartphones or wireless phones, technological advancements, rise in aging population and favourable government policies.
Key players dominating the North America market are 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.
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.
View Full Report: https://www.marketdataforecast.com/market-reports/north-america-personal-emergency-response-systems-market-5765/
Shift from analog to digital equipment and wired to wireless systems, increased the adoption of personal emergency response system market. This system is also allowing caregivers to send messages and speak directly with patients, thereby saving time and resulting in faster communication between patients, hospital staff and doctors. It allows open communication between the patient and other through the main unit, enabling the doctors to affect a proper response where the range of the pendant is normally inside the home and partly outside.
Request for Sample Brochure: https://www.marketdataforecast.com/market-reports/north-america-personal-emergency-response-systems-market-5765/request-sample
Rising geriatric population, adoption of Personal emergency response systems as a supportive tool for independent living, rapid technological advancements in healthcare wearable, increased penetration of smartphone-based mobile applications, rising awareness towards personal healthcare and monitoring, lack of disease management, advancement in communication and connectivity technologies, and mobility benefits are driving the growth of the North America personal emergency response system market. However, lack of awareness and decreasing use of landlines are restraining the growth of the market.
Inquire before buying: https://www.marketdataforecast.com/market-reports/north-america-personal-emergency-response-systems-market-5765/inquire
The North America Personal emergency response systems market is segmented on the basis of type, end-user and region. On the basis of type, the market is segmented into mobile based, landline based and standalone. The mobile PERS segment was the highest contributor to the North America market due to the rising use of smartphone among older people and increasing demand for the best-in-class devices for patients like GPS, wireless, and 3G cellular. Depending on the end-user, the market is segmented on the basis of home-based users, senior living facilities, assisted living facilities and others. Home-based users have the largest revenue in the market which is operated through mobile and landline telephone that as the largest revenue-yielding segments in the PERS market. The assisted living facilities is expected to have the fastest growing rate during the forecast period. The North America market has been geographically segmented into segmented into US and Canada. North America has the largest share and dominate the Personal emergency response systems market due to the increase in smartphones or wireless phones, technological advancements, rise in aging population and favourable government policies.
Key players dominating the North America market are 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.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.
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Market Data Forecast
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results