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NEW YORK, May 4, 2022 /PRNewswire/ — The Personal Emergency Response System Market offers a comprehensive analysis of new product launches, the latest trends, drivers, and challenges. The personal emergency response system market value is set to grow by USD 2.25 billion from 2021 to 2025 progressing at a CAGR of 5.98% as per the latest market report by Technavio. 35% of the market’s growth will originate from North America during the forecast period. The US is a key market for personal emergency response systems in North America. Market growth in this region will be faster than the growth of the market in Europe.
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Market Dynamics
Factors such as the growing geriatric population, and the increasing prevalence of chronic diseases will be crucial in driving the growth of the market. However, the lack of awareness will restrict the market growth. The holistic analysis of the drivers and challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge
Company Profiles
The PERS market is fragmented and the vendors are deploying growth strategies such as extending their product portfolios to compete in the market. The personal emergency response system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. The personal emergency response system market report provides complete insights on key vendors including ADT Inc., AlertOne Services LLC, Bay Alarm Medical, Best Buy Co. Inc., Careline365, Koninklijke Philips NV, MobileHelp LLC, ModivCare Inc., Nice SpA, and Tunstall Healthcare Group Ltd.
Few companies with key offerings
- ADT Inc. – The company offers On The Go Medical Alert Systems, Medical Alert Plus, and Medical Alert Basic systems.
- AlertOne Services LLC – The company offers personal emergency response systems such as…
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