LONDON – The global personal emergency response system market is expected to reach $7.65 billion in revenue by 2020, according to the latest research by Technavio. One of the most noteworthy trends helping to drive growth in the market: the consolidation of PERS with wireless phones. “It enables caregivers to send text messages and speak directly with patients which saves time and results in faster communication among patients, hospital staff, and doctors,” said Barath Palada, one of Technavio’s lead analysts for health and wellness research. Due to increasing product awareness and telecom regulatory support, cellular PERS is likely to gain significant traction in the coming years, according to Technavio. Currently, the global PERS market breaks down like this: mobile at 48.5%, landline at 35% and stand-alone at 16.5%, it says.
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