Global Personal Emergency Response System Market 2016-2020 report is the latest addition to SandlerResearch.org industry research reports collection. The consolidation of PERS with wireless phones is one of the most noteworthy trends in the market. This has been achieved by the vendors with the use of session initiation protocol and voice over internet protocol technologies. It will allow caregivers to send text messages and to speak directly with patients, providing added benefits such as saving time and resulting in faster communication among patients, hospital staff, and doctors.
Complete report on PERS market spread across 54 pages, analyzing 5 major companies and provides 25 data exhibits is now available at http://www.sandlerresearch.org/global-personal-emergency-response-system-market-2016-2020.html .
According to the report, the increase in the older population and associated chronic diseases is expected to drive the global PERS market during the forecast period. The older population requires care in their homes, irrespective of the care they receive in hospitals. However, staying at home carries potential risks of accidents like falls, sudden trauma, and strokes. Due to the independent lifestyles led by the older population, particularly in developed countries, they are not willing to be dependent on their families.
Segmentation by type and analysis of the PERS market
During 2015, the mobile PERS segment was the highest contributor to the global market and accounted for a market share of more than 48% during the forecast period. The increasing demand for the best-in-class devices for patients like GPS, wireless, and 3G cellular. The rising use of smartphone among older people is expected to spur this market segment’s growth.
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In this market research report, the analysts estimated the Americas to account for the largest share of the market by the end of the forecast period. The PERS market in the Americas is expected to reach close to USD 3 billion by 2020. The increase in smartphones or wireless phones has led to the wider adoption wearable and sensor-based PERS among individuals. Factors like the rise in chronic disease patients, requisite healthcare facilities, and lack of disease management by doctors are expected to propel the prospects of growth in this region.
The global PERS market is highly competitive owing to the presence of multiple vendors. The competition is set to intense with the entry of several new vendors. The existing competition together with rapid changes in consumer preference and new product launches will lead to the growth of this market.
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