Global Standalone Personal Emergency Response Systems Market, By Component (Smoke Detectors, Bed Sensors, Fall Detection Sensors, Others), Services (Monthly, Yearly, Others), End User (Home Based Users, Senior Living Facilities, Assisted Living Facilities), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Standalone Personal Emergency Response Systems Market
Standalone personal emergency response systems market is expected to grow at a compound annual growth rate of 14.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on standalone personal emergency response systems provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The personal emergency response systems are devices which are particularly designed so that one can get instantaneous support during any urgent situation. They generally consist of three main components such as small radio transmitter, console which is linked to telephone and an emergency response centre which back calls.
The presence of a large number of geriatric populations across the world have been directly influencing the growth of standalone personal emergency response systems market over the forecast period of 2021 to 2028. Also the rising number of dependents, mainly the disabled and elderly, who need better care and attention for health, is raising the need for flexible mode of notification systems and is also flourishing the growth of the standalone personal emergency response systems market. Also the increasing prevalence of chronic diseases amongst people around the globe is also positively impacting the growth of the market. Furthermore, the rising involvement of smartphones in healthcare industry and growing life expectancy are also acting as an active growth driver towards the growth of the standalone personal emergency response systems market. Moreover, the rising trend of independent living across the globe has encouraged the high adoption of personal emergency response systems which is creating a huge demand for standalone personal emergency response systems as well as lifting the growth of the standalone personal emergency response systems market. However, the lack of knowledge regarding the technologies used in personal emergency response systems as well as the less adequacy of the technology in low and middle-income nations are acting as the major limitations for the growth of standalone personal emergency response systems in the above mentioned forecasted period, whereas the high cost coupled with the manufacturing of personal emergency response systems have the potential to challenge the standalone personal emergency response systems market growth in the forecast period of 2021 to 2028.
Likewise, the rising investments of government to develop healthcare infrastructure and growing focus on R&D activities will further cater ample new opportunities that will lead to the growth of the standalone personal emergency response systems market in the above mentioned forecasted period.
This standalone personal emergency response systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on standalone personal emergency response systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Standalone Personal Emergency Response Systems Market Scope and Market Size
Standalone personal emergency response systems market is segmented on the basis of component, services and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The component segment of the standalone personal emergency response systems market is segmented into smoke detectors, bed sensors, fall detection sensors and others.
- On the basis of services, the standalone personal emergency response systems market is segmented into monthly, yearly and others.
- The end user segment of the standalone personal emergency response systems market is segmented into home based users, senior living facilities, and assisted living facilities.
Standalone Personal Emergency Response Systems Market Country Level Analysis
Standalone personal emergency response systems market is analyzed and market size, volume information is provided by country, component, services and end user as referenced above.
The countries covered in the standalone personal emergency response systems market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the standalone personal emergency response systems market due to the rapid shift from fee to value based healthcare services in the region. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to the large market share of China within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Standalone Personal Emergency Response Systems Market Share Analysis
Standalone personal emergency response systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to standalone personal emergency response systems market.
The major players covered in the standalone personal emergency response systems market report are Koninklijke Philips N.V., Tunstall Canada., VRI, GUARDIAN ALARM, Connect America, ADT, Medical Guardian, LLP, MobileHelp, Nortek Security & Control LLC, Galaxy Medical Alert Systems, Critical Signal Technologies, Freeus, ALERTONE SERVICES LLC., LifeFone Medical Alert Services., Bay Alarm Medical & GetSafe, Cisco Systems, jupl, HomeCentris Healthcare, LLC, GreatCall and Essence., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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