The global personal emergency response system market is growing swiftly, registering a healthy CAGR of 8% over the forecast period of 2016 up to 2024. The response system has a life-saving quality to it and help can be initiated with just the press of a button, making it increasingly popular among consumers. A personal emergency response system is extremely simple and effective, making it the perfect companion for those who stand the risk of needing medical help.
Tech-savvy Generation Prefers Smartphones and New Technologies
Earlier, the personal emergency response system was designed to work with landlines where the press of a button would summon medical help. Even though this system has saved many lives till date, it had its limitations owing to the stationary nature of landlines. Today, consumers are moving toward better and more advanced technologies and embracing them positively. This has allowed manufacturers to incorporate the same system in new gadgets such as smartphones, wireless wearables, and Bluetooth carry-on devices.
Manufacturers have also incorporated the system into various mobile apps, making personal emergency response systems easily accessible to everyone. An increasing number of gadgets that can monitor vitals such as heart rate, pulse rate, blood pressure, and sleep patterns are available today. The data thus gathered can be relayed to doctors on call, along with an SOS signal.
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Rise in Geriatric Population Propelling Demand for Personal Emergency Response Systems
A substantial percentage of the human population at present is made up of geriatrics. As a result, accidents as well as illnesses are common and the need for medical help is more frequent. Most people in this demographic segment are being taken care of by others, which include their children or hired help. Moreover, many geriatrics prefer living independently, which has made the need for personal emergency response systems even more critical.
In case of an emergency, if a patient is not able to make it to the hospital or clinic for any reason, it could prove to be fatal. With the personal emergency response system, the patient could send out a distress signal from wherever he is and help can reach them.
Early Occurrence of Cardiac and CNS-related Illnesses
Due to stressful lifestyles, a large percentage of the working population suffers from ailments of the central nervous system (CNS) or the heart at a very young stage. This means that the personal emergency response system comes in handy not only for the geriatric population but even for the young, working-class segment.
The only limitation presented by the personal emergency response system is in the case of patients with Alzheimer’s and dementia, who might either not remember to trigger an emergency call or be unable to comprehend the urgency of the situation.
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The personal emergency response system market has been witnessing growing interest, especially in Asia Pacific and the Middle East and Africa (MEA), where the amount spent on medical treatments is high and consumers have been taking their health and well-being quite seriously.