This article provides an overview of the Personal Emergency Response System (PERS) market, highlighting its various components, growth drivers, and regional trends. It explores the various types of PERS available, as well as the key players operating in the market.
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Key Points
“Overview of the Personal Emergency Response System (PERS) market, highlighting its various components, growth drivers, and regional trends.”
“Explore the various types of PERS available, as well as the key players operating in the market.”
“Growth drivers of the PERS market include the increasing number of elderly people, rising awareness, and technological advancements.”
“Segmentation of the PERS market based on type, end-user, and region.”
“Key players in the PERS market include GreatCall, Philips Lifeline, MobileHelp, MedScope, and Tunstall Healthcare.”
“North America is the largest market for PERS, followed by Europe and Asia Pacific.”
Personal Emergency Response System (PERS) Market: An Overview
Personal Emergency Response Systems (PERS) have become increasingly popular in recent years, as they provide a reliable way for individuals to call for help in an emergency situation. PERS are typically used by elderly individuals or those with disabilities who may not be able to reach a phone or seek help on their own. The PERS market is expected to experience significant growth in the coming years, as demand for these systems continues to rise.
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This article will provide an overview of the PERS market, highlighting its various components, growth drivers, and regional trends. Additionally, we will explore the various types of PERS available, as well as the key players operating in the market.
PERS Statistics
*The PERS market is expected to grow at a CAGR of 8.2% from 2020 to 2027.
*North America is the largest market for PERS, accounting for 33.3% of the global market in 2020.
*The elderly are the primary users of PERS, accounting for 41.4% of the total market in 2020.
*Caregivers are increasingly using PERS, accounting for 14.2% of the total market in 2020.
*Mobile systems account for the majority of the PERS market, with a share of 63.6% in 2020.
*Asia Pacific is expected to be the fastest-growing region for PERS, with a CAGR of 10.2% from 2020 to 2027.
*Government initiatives are a major driver of the PERS market, with subsidies for PERS systems making them more affordable for the elderly and disabled.
*Philips Lifeline is one of the major players in the PERS market, with a market share of 11.4% in 2020.
*GreatCall is another major player in the PERS market, a major growth driver of the PERS market.
*As people become more aware of the benefits of PERS, they are more likely to purchase such systems.
*Additionally, technological advancements have made PERS more reliable, which has further increased their adoption with a market share of 10.9% in 2020.
*Technological advancements have been a major driver of the PERS market, with the reliability of PERS systems increasing significantly in recent years.
Growth Drivers of the Personal Emergency Response System (PERS) Market
Increasing Number of Elderly People
One of the major growth drivers of the PERS market is the increasing number of elderly people.
As people age, they tend to become more vulnerable to health issues, making them more likely to need medical attention.
As the aging population continues to grow, the demand for PERS is expected to increase.
Rising Awareness and Technological Advancements
In recent years to be a major growth driver of the PERS market. As people become more aware of the benefits of PERS, they are more likely to purchase such systems.
Additionally, technological advancements have made PERS more reliable, which has further increased their adoption.
Government Initiatives
In many countries, government initiatives have been launched to promote the use of PERS. These initiatives have encouraged the adoption of PERS, as they provide individuals with access to reliable medical assistance.
Furthermore, some governments have even provided subsidies for PERS systems, making them more affordable for the elderly and disabled.
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Segmentation of the Personal Emergency Response System (PERS) Market
The PERS market can be segmented based on type, end-user, and region.
By Type
The PERS market can be divided into two main types: home-based systems and mobile systems.
Home-based PERS remains connected to an individual’s home phone line and provides assistance in the home. Mobile systems are worn by individuals and allow them to call for help wherever they are.
By End-user
The end-users of PERS can be divided into three main categories: elderly individuals, those with disabilities, and caregivers.
The elderly are the primary users of PERS, as they are more likely to require medical assistance. Those with disabilities may also require PERS, as it can provide them with access to medical help when needed.
Caregivers are also increasingly using PERS, as it allows them to monitor their elderly or disabled patients from afar.
By Region
The PERS market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the largest market for PERS, as the region has a large aging population and government initiatives to promote the adoption of PERS.
Europe is also a major market for PERS, as the region’s elderly population continues to grow.
In Asia Pacific, countries such as Australia and Japan have seen a surge in demand for PERS, due to their aging populations.
Key Players in the Personal Emergency Response System (PERS) Market
The PERS market is highly competitive, with a number of key players operating in the space. Some of the major players include GreatCall, Philips Lifeline, MobileHelp, MedScope, and Tunstall Healthcare.
These companies offer a range of PERS products, ranging from home-based systems to mobile a major growth driver of the PERS market.
As people become more aware of the benefits of PERS, they are more likely to purchase such systems. Additionally, technological advancements have made PERS more reliable, which has further increased their adoption.
Bottom Line
The personal emergency response system (PERS) market is expected to experience significant growth in the coming years, driven by the increasing number of elderly people, rising awareness, and technological advancements. The market can be divided into two main types: home-based systems and mobile systems. The end-users of PERS can be divided into three main categories: elderly individuals, those with disabilities, and caregivers. The PERS market is highly competitive, with a number of key players operating in the space. With the increasing demand for PERS, it is likely that the market will continue to experience strong growth in the near future.
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