Personal Emergency Response Systems Market Trends, Regional Analysis, Statistics and Growth up to 2027

 

Personal Emergency Response Systems Market

In the case of a fall, emergency, or any other risk condition, a personal emergency response system (PERS) is a device that alerts emergency services. Such gadgets have the ability to reduce some of the negative effects of emergency situations. PERSs come in a variety of forms, including mobile, landline, and freestanding devices.

The rising frequency of illnesses such as Alzheimer's disease, stroke, and other similar conditions, particularly among the elderly, increases the danger of emergency situations. According to the World Health Organization, dementia affects over 50 million people globally, with nearly 10 million new cases diagnosed each year, with almost 60% of those affected residing in low- and middle-income countries.

Personal emergency response system demand is predicted to be fueled by factors such as the development of technologically improved and miniaturised goods, as well as increased awareness of personal emergency response systems among the senior population (PERS). Rising usage of mobile smartphone-based applications for older adults' health management and improvements in medical alert services are likely to boost growth in the personal emergency response systems market. Personal emergency response system technological advances such as two-way audio communication and medication reminder alerts are projected to move the Personal Emergency Response Systems Market forward.

According to Coherent Market Insights, The global Personal Emergency Response Systems Market

Is estimated to account for US$ 8,410.1 Mn in terms of value by the end of 2027.

Because of the ageing population, the labour force participation to population ratio is in low supply. The ageing population, which is increasingly reliant on families and government assistance for healthcare and well-being, places a financial strain on government spending. Preventive care is provided via personal emergency response systems, which monitor the elderly.

Remote patient monitoring allows for the mitigation of high-risk patients, lowering hospitalisation rates, improving therapeutic results by continuous monitoring, and lowering healthcare expenses. Understanding and evolving services in the form of unique goods benefits not only patients, but also physicians, hospitals, federally qualified health centres, and other care providers.

Regional Analysis of Personal Emergency Response Systems Market

In North America, the growing frequency of chronic conditions and the rising number of injuries caused by falls are predicted to boost demand for Personal Emergency Response Systems. In comparison to other areas, North America has a higher concentration of firms selling personal emergency response systems, resulting in fierce rivalry in the PERS industry. Companies are giving discounts and producing cost-effective items in order to enhance sales. The European market for personal emergency response systems is the second most profitable. Smartphone-based applications and wearable gadgets are becoming more popular among Europe's ageing population. The area has 11.2 percent of the world's population suffering from neurological illnesses.

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