Global Personal Emergency Response Systems (PERS) Market Size By Product, By Application, By Geographic Scope And Forecast

Report Highlights

Personal Emergency Response Systems (PERS) Market Size And Forecast

Personal Emergency Response Systems (PERS) Market was valued at USD 5.86 Billion in 2019 and is projected to reach USD 10.63 Billion by 2027, growing at a CAGR of 7.74 % from 2020 to 2027.

The Personal Emergency Response Systems (PERS) Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Personal Emergency Response Systems (PERS) Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Personal Emergency Response Systems (PERS) Market Overview

The global Personal Emergency Response Systems (PERS) Market is principally driven by the increasing aging population, increase in the number of health conscious people, huge adaptation rates of these devices, and new technology modifications. Growth in the personal emergency response systems market is anticipated to be driven by the rising adoption of mobile smartphone-based applications for older citizens health management and improvements in medical alert services. There are increasing rates of aging population and population who opt to lead an active life in independent living communities, which helps to improve the demand for personal emergency response systems globally.

This report provides an all-inclusive environment of the analysis for the Personal Emergency Response Systems (PERS) Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Personal Emergency Response Systems (PERS) Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Personal Emergency Response Systems (PERS) Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Personal Emergency Response Systems (PERS) Market.