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Europe Personal Emergency Response Systems Market Report By Market Data Forecast 2018-2023

 



(EuropeNewsWire.Net, November 05, 2018 ) Overview:

In the year 2018, Europe Personal Emergency Response Systems Market was valued at USD 1.01 Billion. By the year 2023, it is expected to reach USD 1.32 Billion at pace of 11.6% CAGR.

Personal Emergency Response Systems (PERS), also known as Emergency Medical Response Systems, allow users to request emergency assistance at the touch of a button. This device consists of three components, such as a small radio transmitter, a console connected to the telephone and an emergency response center that requires medical assistance in case of emergency. These devices are primarily used to ensure the safety of the user who lives or travels alone.

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Underlying Causes

The growth for Personal Emergency Response Systems Market is driven due to factors like rising aging population, increasing demand for medical alert systems, and growing awareness towards personal healthcare and monitoring devices. In addition, technological developments in medical sector and introduction of easy adaptability of PERS devices are expected to drive market growth. However, decreasing use of landlines and lack of awareness are the restraining factors which are expected to hinder the growth rate for Europe Personal emergency response systems market during the forecast period.

To know more read: https://www.marketdataforecast.com/market-reports/europe-personal-emergency-response-systems-market-5767/

Geographic Segmentation:

Based on geography the Europe Personal Emergency Response Systems Market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Germany holds the largest market share in the Personal emergency response systems market followed by U.K. and France due to growing awareness of Personal emergency response devices and favorable reimbursement policies are the driving factors in this region.

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Key Players:

Leading companies for Europe Personal Emergency Response Systems 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.

About MarketDataForecast™

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