About Personal Emergency Response System
The rapid growth of the global population raises concerns about the well-being of the older people as they may become vulnerable due to diminished communication capabilities, health challenges, financial circumstances, and chronic or terminal illness.
PERS for hospital and at-home care is a critical device, which is designed to signal the presence of a hazard and the requirement of urgent attention for the older population as well as people with disabilities during an emergency. Medical personnel are dispatched by response associates to assist the affected people accordingly for further care. These systems are available in various types, which include mobile PERS, landline PERS, and stand-alone PERS. They are available in the form of wireless pendants, wrist watches, sensors, motion detectors, smartphones, or transmitters that can be activated in an emergency. PERS can be available on purchase, lease, or rent based on a doctor’s recommendation. Medicaid and insurance companies primarily do not pay for the device. However, national manufacturers, hospitals, local distributors, and NGOs often pay the rental, which includes monitoring services.
Technavio’s analysts forecast the global PERS market to grow at a CAGR of 5.7% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global PERS market for 2016-2020. The market size was calculated from revenue generated from the sales of PERS by the market vendors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Personal Emergency Response System Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Personal Emergency Response System Market: ADT LLC, Bay Alarm Medical, Life Alert Emergency Response Inc., Phillips Lifeline, and Valued Relationships Inc. (VRI).
Other Prominent Vendors in the market are: Alert One Services, Appello, Age UK, AT&T, Buddi Ltd, Connect America, Critical Signal Technologies, Galaxy Medical Alert Systems, GreatCall Splash, Medical Alarm Concepts Holding, Medical Guardian, MobileHelp, Tunstall Americas, Vector Security, VESAG, VNA Homecare, and Voicecare.
Commenting on the report, an analyst from Technavio’s team said: “The consolidation of PERS with wireless phones is one of the most noteworthy trends in the market. This has been achieved by the vendors with the use of session initiation protocol and voice over internet protocol technologies. It will allow caregivers to send text messages and to speak directly with patients, providing added benefits such as saving time and resulting in faster communication among patients, hospital staff, and doctors.”
According to the report, the increase in the older population and associated chronic diseases is expected to drive the global PERS market during the forecast period. The older population requires care in their homes, irrespective of the care they receive in hospitals. However, staying at home carries potential risks of accidents like falls, sudden trauma, and strokes. Due to the independent lifestyles led by the older population, particularly in developed countries, they are not willing to be dependent on their families.
Further, the report states that one of the major challenges faced by the market is lack of awareness about use and maintenance of PERS devices.
ADT LLC, Bay Alarm Medical, Life Alert Emergency Response Inc., Phillips Lifeline, Valued Relationships Inc. (VRI), Alert One Services, Appello, Age UK, AT&T, Buddi Ltd, Connect America, Critical Signal Technologies, Galaxy Medical Alert Systems, GreatCall Splash, Medical Alarm Concepts Holding, Medical Guardian, MobileHelp, Tunstall Americas, Vector Security, VESAG, VNA Homecare, Voicecare.