(Australia-NewsWire.Com, May 24, 2018 ) A personal emergency response system is an electronic device that enables individual to look for a safe help amid an emergency. This is system is associated with different devices, for example, wireless or alert and are customized to flag a response endless supply of 'help' or a 'push' button. This help button is a radiofrequency trigger device that is generally worn around the wrist or neck. The individual at the less than desirable end of the PERS can even communicate with the person so as to choose which move ought to be made. It has been watched that there is an expanding pattern towards utilization of innovations that enable individuals to increase simple access to healthcare with no undue exertion of remaining in the doctor's facility. Accordingly, it is normal that the personal emergency response system market will be among the most lucrative part in the home healthcare market.
Development of the personal emergency response systems market is relied upon to be driven basically by rising geriatric populace deciding on improved medicinal alarm administrations. As indicated by the United Nations Department of Economic and Social Affairs, the world's maturing populace was 900.9 Mn in 2015 and is relied upon to achieve 1.4 Bn by 2030. Additionally, accessibility of protection program to low-pay people in created nations is another factor anticipated that would help general development of the personal emergency response system market sooner rather than later. The personal emergency response systems market is additionally anticipated that would be driven by expanded infiltration of cell phone based versatile applications among senior nationals and mechanical headways in personal emergency response systems, for example, two-way voice correspondence and solution update.
Global Personal Emergency Response Systems Market is geographically segmented in regions of Asia Pacific, Latin America, North America, Europe and Middle East and Africa. Asia Pacific Market is geographically segmented into India, China, Japan, South Korea and Australia. The market in this region has been growing at an exceptional pace and is projected to have the highest growth rate among all other regions. The Asia-Pacific Personal emergency response systems market was worth USD 0.56 billion in 2016 and estimated to be growing at a CAGR of 5.85%, to reach USD 0.74 billion by 2021.
Key players dominating the Asia-Pacific market are ADT Corporation, Life Guardian Technologies LLC, Koninklijke Philips N.V., Tunstall Healthcare Group Ltd., Bay Alarm Medical Company, Philips Electronics N.V., Alert One Services LLC and Medical Guardian LLC.
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