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The personal emergency response system (PERS) market size is forecast to increase by USD 3.66 billion at a CAGR of 7.81% between 2023 and 2028. The market is experiencing significant growth due to the increasing aging population and the development of advanced wearable devices. These systems, which include standalone PERS and transmitters, enable elderly individuals to call for help in case of an emergency. One trend in the market is the integration of Rcube monitoring and standalone voice capabilities, allowing for more effective and efficient response times. Another trend is the implementation of wandering systems, which help prevent elders from wandering off and getting lost. However, a lack of awareness and understanding about the benefits of PERS technology remains a challenge for market growth. In summary, the PERS market is driven by the aging population and technological advancements but faces challenges in increasing awareness and adoption.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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