Personal Emergency Response System Market Evaluated by M&M in Topical Report Published at MarketPublishers.com04 Dec 2015 • by Natalie Aster
LONDON – The market for personal emergency response systems (PERSs) is forecast to grow at a CAGR of 6% during 2015-2020 to amount to USD 7.62 billion by the end of the forecast period. The factors that are driving the PEPS market encompass the expanding pool of ageing population worldwide and growing awareness about healthy and independent lifestyles, making day-to-day lives smooth and easy. Furthermore, a range of other factors like ongoing technology innovation, a surging number of smartphone users, and easy adaptability of PERS are also propelling the market growth.
Mobile PERS (mPERS) is projected to take the lead in the PERS market in terms of value, posting a CAGR of over 5% through to 2020.
By end-user, the market for assisted living facilities will likely register the highest growth, a CAGR of over 5% to 2020. This is primarily owing to the fact that it combines both wired and wireless technology for providing around the clock medical emergency safety to ageing population.
North America’s PERS market is anticipated to enjoy the lion’s share by end-2020; the regional market is expected to grow at over 5% CAGR during the forecasted period. The key growth drivers include a hike in the demand for landline PERS devices. Furthermore, changing demographic proportion, that is, growing ageing population in the region and soaring healthy lifestyle awareness amongst the senior citizens are important factors contributing to the rising adoption of PERS devices.
Koninklijke Philips N.V (Lifeline), ADT LLC, Tunstall Americas, Valued Relationships, Inc., Bay Alarm Medical, Alert One Services, amid others, are leading players involved in PERS development.
Topical report “Medical Alert Systems/Personal Emergency Response System (PERS) Market by Type (Landline PERS, Mobile PERS (MPERS), Standalone PERS), by End-User (Home-Based, Senior Living Facilities, and Assisted Living Facilities) and by Geography - Global Forecast to 2020” developed by M&M offers an up-close look at the global personal emergency response system marketplace, categorising it by type, end-user, and region. The research study identifies and canvasses key drivers, limiters, emerging opportunities, and major challenges in the market. It includes Porter's five forces analysis, covering a detailed description of each of the forces and their pertinent influence on the PERS market. The report also examines the competitive landscape and includes a careful discussion of top 12 players. Detailed market forecasts are available as well.
Medical Alert Systems/Personal Emergency Response System (PERS) Market by Type (Landline PERS, Mobile PERS (MPERS), Standalone PERS), by End-User (Home-Based, Senior Living Facilities, and Assisted Living Facilities) and by Geography - Global Forecast to 2020
Published: November, 2015
Price: US$ 4,650.00
More new studies by our market research partner can be found at M&M page.