Insights & Forecast with Potential Impact of COVID-19 - Personal Emergency Response System Market 2020-2024 | Growing Geriatric Population to Boost Growth | Technavio
Technavio has been monitoring the personal emergency response system market and it is poised to grow by $ 2.47 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Personal Emergency Response System Market 2020-2024 (Graphic: Business Wire).
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADT Inc., AlertOne Services LLC, Bay Alarm Co., Best Buy Co. Inc., Careline UK Monitoring Ltd., Koninklijke Philips (News - Alert) NV, MobileHelp LLC, Nortek Security & Control LLC, Tunstall Healthcare Group Ltd., and Valued Relationships Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growing geriatric population has been instrumental in driving the growth of the market. However, lack of awareness might hamper market growth.
Personal Emergency Response System Market 2020-2024 : Segmentation
Personal Emergency Response System Market is segmented as below:
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Personal Emergency Response System Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our personal emergency response system market report covers the following areas:
This study identifies the increasing prevalence of chronic diseases as one of the prime reasons driving the personal emergency response system market growth during the next few years.
Personal Emergency Response System Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the personal emergency response system market, including some of the vendors such as ADT Inc., AlertOne Services LLC, Bay Alarm Co., Best Buy (News - Alert) Co. Inc., Careline UK Monitoring Ltd., Koninklijke Philips NV, MobileHelp LLC, Nortek Security & Control LLC, Tunstall Healthcare Group Ltd., and Valued Relationships Inc. Backed with competitive intelligence and benchmarking, our research reports on the personal emergency response system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Personal Emergency Response System Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Type
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