Preference for Independent Living Among the Elderly Drives the PERS Market, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) April 30, 2015 -- Follow us on LinkedIn – The growing base of aging population worldwide is creating a parallel need to provide a robust social care system for the elderly. An increasing number of elderly people, particularly in developed markets such as the United States, are showing preference for independent living. A key driver of this trend is the rising number of healthy, active ageing individuals who support independence. Also, improvement in awareness, self-care and disease management is helping people with chronic diseases and disability to lead active and independent lives. The desire to live well with complex conditions such as dementia and frailty is spurring demand for social care services. Also, hospitals and health service providers are encouraging patient care outside healthcare premises, driven by the need to curtail spiraling healthcare expenses. A combination of all these factors are resulting in growing demand for medical products and services that aid in living safe, healthy and independent lives.
Personal Emergency Response System (PERS), also called social alarm, represents a social care service that helps the elderly and the disabled receive timely medical aid during emergencies. PERS are essentially communication devices that help resolve delays and problems with co-ordination of care. Conventional PERS are portable and/or stationary equipment such as a panic button in the form of wristband or necklace and a stationary unit attached to the fixed phone lines. At the press of a button, the personal emergency response system aids a person in distress to initiate an alarm call for assistance. Integration of PERS in senior healthcare offers numerous benefits to family members, care providers and care teams and enables the ageing population to lead independent and healthier lives. Technological developments, growing government support, and increasing awareness are also driving growth in demand for PERS worldwide.
Technological advances, over the years, have led to the development of novel portable devices, which feature two-way voice communication capabilities. Functionality improvements are also being witnessed in panic buttons. Compared to the conventional buttons that required users to move closer to the monitoring station for help, the new generation panic buttons enable users to talk directly over the buttons. PERS can be also be integrated with a wide range of consumer devices, connected home, remote monitoring solutions and smartwatches. Mobile PERS is growing in popularity and is expected to spur growth in the market encouraged by the mobility benefits offered.
As stated by the new market research report on Personal Emergency Response Systems (PERS), Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 8% over the analysis period.
Major players covered in the report include ADT Security Services Inc., AlertOne Services LLC, Appello, Bay Alarm Medical, Connect America Medical Alarm Company, Galaxy Medical Alert Systems Ltd., Koninklijke Philips Electronics N.V., Life Alert Emergency Response Inc., Tynetec Ltd. and VRI, Inc. among others.
The research report titled “Personal Emergency Response Systems (PERS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, and Rest of World.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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