Report Sellers has added a new market research report “Personal Emergency Response System Market – Forecasts From 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, in 2022 the market for Personal Emergency Response System is expected to reach US$7.056 billion, increasing from US$5.590 billion in 2017. During this period it is projected to grow at a CAGR of 4.77%. Personal Emergency Response Systems (PERS) are mobile or portable devices that help track health of an individual and send out emergency signals to the authority concerned. They are in the form of lightweight transmitters, powered by a battery and can be easily carried anywhere.
Demand for such systems has risen significantly in recent years owing to the availability of technology, rising aging or dependent population across various regions and rising incidence of chronic health issues. Factors driving growth in the market are increasing healthcare expenditure, the proliferation of smartphones and increasing penetration of digital technology. Geographically Asia-Pacific is expected to witness the highest growth over the projected period, driven by rising demand from an affluent and aging population.
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Personal Emergency Response System Market has been segmented on the basis of type, end user and geography as follows:
Hospitals and Clinics
Europe Middle East and Africa
Middle East and Africa
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