medipendant     pers market globel reference

The global Social Alarms market is projected to reach US$633 million by 2018, driven by an aging global population and the growing desire of the elderly to live independently.

Over the past few decades, the combination of healthcare and technology has resulted in several path-breaking developments in the healthcare sector. Social alarm or Personal Emergency Response System (PERS), which can be worn as a pendant or a bracelet and is triggered by the event of an emergency, is one such revolutionary invention that facilitates efficient and timely provision of medical aid to people, particularly in times of emergencies. An aging population is the primary driving force for the social alarms market. With the number of people in the 65+ age group projected to reach 1.5 billion by the end of 2050, social alarms market is expected to make rapid gains.

Social alarms are the first generation telecare products and find use on a regular basis in a number of countries worldwide. At present, telecare is widespread in nations where initially social alarms were adopted mostly for or by social care and/or housing organizations as part of social care. In some countries, the main provision for older people in homes is by the private sector without any direct link to mainstream social care services. However, the level of adoption varies from country to country. Social alarm services are yet to achieve completely mainstream status in most countries, although few countries have a distinct edge in terms of their adoption levels.

The United States represents the fastest growing market for social alarm devices, globally. Demand for social alarms has increased manifold in the last few years, owing to the rising instances of injuries and sicknesses among the elderly. Falls comprise the primary cause of non-fatal injuries, injury-related deaths, and trauma-related hospital admissions in case of elderly people. Hospitals and various other healthcare centers also provide impetus to the growing social alarm market as the provision of social alarm service proves to be a cost effective affair for healthcare organizations. However, the high cost of the device is a major dampener for demand growth, which is also spurring the trend towards renting of the equipment as against its outright purchase.