Personal Emergency Response System Market is poised to attain a CAGR of 5.2% during the forecast period 2022 to 2032.
Demand for personal emergency response systems is projected to increase as new raw material sources become available.
Streamlining distribution channels is predicted to improve supply chains and boost the global market for personal emergency response systems.
Because of worldwide currencies, demand for personal emergency response systems is expected to increase.
The expected growth in exports would create a favourable environment for industry participants to increase their personal emergency response system market share.
One of the key drivers driving sales of personal emergency response systems throughout the projection period is the impact of global trade policies adopted by various administrations.
Inventions discovered or attempted in the market are also expected to drive sales of personal emergency response systems in the future years.
Because of the rising use of cellphones, sales of personal emergency response systems are also increasing.
Worldwide smartphone adoption is expected to be at an all-time high, meaning that cellphones are indispensable in one's daily life, which is a major reason driving up demand for personal emergency response systems.
The wearable health business has also grown in recent years, and this trend is projected to continue.
These wearables track people's health and well-being, which will have a significant impact on the demand for personal emergency response systems.
Additionally, developments in wearable technology may assist patients in adopting medical systems, hence increasing sales of personal emergency response systems.
Key Companies:
Some of the key participants identified in personal emergency response system market are AT&T, GreatCall, Tunstall, AlertOne Services LLC, Aerotel medical system Ltd., Philips Electronics N.V., and others.
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Key Segments
By Type:
Landline PERS
Mobile PERS
Other Types
By End User:
Home Healthcare
Assisted Living Facilities
Others