Transparency Market Research has published a new report, titled “Personal Emergency Response Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.” It has been observed that there is a growing trend towards using innovation and technology in order to get easy access by patients to healthcare and help without any unnecessary stay in the hospital. This in turn creates a need for a personal emergency response system which allows patients to secure help from expert doctors during an emergency by a single help or push button. The personal emergency response systems have become an extremely important component in the healthcare market today. It is therefore anticipated that the global personal emergency response systems market will grow at a healthy pace during the forecast period.
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The personal emergency response system typically includes an equipment which has a facility of call service and a receiver console through which call can be made to emergency response centres. Therefore, the personal emergency response systems and all of its components have become an integral part for the remote accessing and monitoring of patients within the telehealth services area. With technological advancements, personal emergency response systems are being integrated with cell phones and wrist watches which is effectively making the life of senior citizens easier and independent through effective management of diseases.
From many surveys, it has been found that most of the geriatric population wish to live in their own homes as they grow older. Also the ageing population wishes to increase their control over their own life and reduce dependency on others for their own peace of mind, fuelling the need for personal emergency response. On the other hand, the out-of-pocket payments required in order to cover the cost of the device as well as the cost of availing the service will limit the growth of this market. However, patients are realizing increasingly that the use of personal emergency response systems is far more practical and cost-efficient than staying in the hospitals and this will reduce the impact of the aforementioned restraint.