Latin America Personal Emergency Response Systems Market 2017 Industry Key Trends, Demand, Growth, Size, Review, Share, Analysis to 2022
Latin America Personal Emergency Response Systems Market By Type (Mobile Based, Landline Based, Standalone)
(EMAILWIRE.COM, February 20, 2018 ) The Latin America Personal emergency response systems market was worth USD 0.42 billion in 2016 and estimated to be growing at a CAGR of 5.65%, to reach USD 0.55 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 Latin 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 Latin 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 Latin 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. Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.
Key players dominating the Latin 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.
Market Segmentation
Type
Introduction
Mobile based
GPS mobile PERS
3G cellular emergency response
Wireless emergency response system
Landline based
Medical alert phones
Standalone
Standalone voice communicator
V-cube monitoring system
Transmitters
Wandering system
Medical alarm system
End-user
Introduction
Home-Based Users
Senior Living Facilities
Assisted Living Facilities
Others
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
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.
Get a comprehensive overview of the Market: https://www.marketdataforecast.com/market-reports/latin-america-personal-emergency-response-systems-market-5771/
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/latin-america-personal-emergency-response-systems-market-5771/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 Latin 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/latin-america-personal-emergency-response-systems-market-5771/inquire
The Latin 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 Latin 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. Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.
Key players dominating the Latin 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.
Market Segmentation
Type
Introduction
Mobile based
GPS mobile PERS
3G cellular emergency response
Wireless emergency response system
Landline based
Medical alert phones
Standalone
Standalone voice communicator
V-cube monitoring system
Transmitters
Wandering system
Medical alarm system
End-user
Introduction
Home-Based Users
Senior Living Facilities
Assisted Living Facilities
Others
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
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.
Contact Information:
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