Artificial Intelligence
The U.S. personal emergency response systems market is expected to grow at a CAGR of 9.09% during 2022-2027
New York, June 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “U.S. Personal Emergency Response Systems (PERS) Market – Industry Outlook & Forecast 2022-2027” – https://www.reportlinker.com/p06288143/?utm_source=GNW
• Escalating Prevalence of Chronic Diseases and Rising Number of Injuries
• Increasing Adoption of Smart Wearable Devices for Health Monitoring
• Rising Number of Geriatric Population Living Independently
Medical alert systems, especially personal emergency response systems (PERSs), are becoming increasingly popular among all older people in the United States. PERS are primarily designed to allow the elderly and people with disabilities to quickly request/alert for assistance in an emergency. Communication technology and modern sensors, coupled with advances in data analysis, have enabled remote monitoring and management of older adults. The PERS system is one such technology that allows individuals, including older adults, to call for help during an emergency. Older people are often prone to falls and require medical attention in most cases. Additionally, for family members of active seniors, it is highly recommended to track and monitor their activities and remind them about medication. Additionally, for people with mild cognitive illness and who suffer from disorientation, PERS offers life-saving features like location tracking and geo-fencing. The growing integration between wearable medical devices and medical alert systems like PERS and healthcare facilities will enable remote access to patient data and offer essential home healthcare services and improve patient safety and health outcomes. The demand for such integrated wearable devices has gained more importance after the onset of the COVID-19 pandemic. They offer patients, especially elderly ones, safer, more accessible options for routine, preventive, and chronic care.
Introduction of Voice-Based and Mobile Medical Alert Systems
• The PERS technology was first introduced with an in-home medical alert system, where older adults could only receive emergency help and protection within their homes through a landline-based phone. Since then, PERS firms have extended their product lines to incorporate cellular-based systems that require no phone lines. This led to the introduction of a new segment known as mPERS.
• With the push of a button, most commonly worn around one’s neck as a pendant or on one’s wrist as a bracelet, the user can connect with an emergency operator who can dispatch help to the user’s exact location; this is enabled by built-in GPS and Wi-Fi location detection. Some PERS products detect falls and trigger calls for support even when users’ cannot press the medical alert button
• mPERSs include various devices, from watches and pendants to mobile phones. The easy-to-use SOS button on these devices makes them unique and easy to use. Some mPERS devices also have fall detection capabilities that automatically trigger a call for help
High Adoption of Smartphone Applications Among the Geriatric Population
• Although older adults have a relatively lower rate of technology adoption than younger people, they are currently more digitally connected than five years before. A selected group of older adults who are more affluent and highly educated uses various smartphone technologies and e-health platforms.
• Mobile healthcare has advanced to providing health services to users through phone calls with healthcare experts. In the U.S., it is estimated that the percentage share of people 65 years and above are likely to double by 2050. According to the CDC, around 36 million falls are reported every year in the U.S. Out of 36 million falls, approximately 20% will cause broken bones, head injuries, or other trauma.
• According to AARP, older people have increasingly accepted smartphones, mHealth technologies, and wearable medical devices over the past five years. People among the elderly who are socially isolated or have chronic diseases are at risk of accidents and are prone to fall sick often. Thus, an active healthcare management sector is imperative in the U.S.
• Smartphone technologies can assist older adults in their daily lives. Software in the form of an application can turn smartphones into an effective PERS, which can be upgraded with additional application-based features, paired with a Bluetooth alert button, or eventually replaced with a newer model.
U.S. Personal Emergency Response Systems (PERS) Market Scenario
• The U.S. PERS market is expected to grow at a higher single-digit CAGR during the forecast period. The major factors propelling the market’s growth are increased awareness of PERSs in the country, the prevalence of chronic diseases, and the risk of fall injuries. Other factors such as the adoption of smart, wearable devices for monitoring health, the rise in the geriatric population living independently, favorable healthcare reforms, and financial assistance for older adults also contribute to the growth of the overall PERS market. However, the high cost of PERS and growing data breach concerns restrict the market’s growth.
• This rise in the adoption of smartphones has led to the growth of the market. The wearable health device industry has also grown in recent years, and this trend is anticipated to continue in the upcoming years. Furthermore, technological advances in wearables may help patients adopt medical systems in the future. With the rapid growth in the elderly population, there is a rise in the demand for medical alert systems. PERS are extensively adopted and used throughout most western countries. Consequently, with the help of PERS, the elderly can age in the comfort of their own homes, and therefore, this factor is expected to propel the market’s growth.
• The revolution brought by advanced technological platforms like the Internet of Things (IoT) and artificial intelligence has provided significant opportunities to the vendors in the U.S. Personal emergency response systems market. Especially, AI-driven PERS and predictive analytics help in automatic fall detection and wanderer control of users and provide timely notification to caregivers and healthcare professionals. The personal emergency response systems market is witnessing a trend with the new technology replacing the traditional medical alert systems. Mobile-based PERSs are likely to dominate the overall medical alert systems market as the penetration of smartphones is very high in the U.S. among older adults.
MARKET SEGMENTATION
The Mobile personal emergency response systems segment is the major revenue contributor and fastest-growing segment compared to in-home PER systems. Personal response systems are no longer used just within the boundaries of homes with constant advances in the mPERS technology. Depending on the design and monitoring options, one can obtain assistance on vacation, while running chores, or outside the primary residence. An mPERS ensures that users can always call for help from their medical alert system, whether at home or away. Mobile systems use GPS technology to pinpoint the user’s exact location and cellular technology to connect to a response center. In-home PER systems are for people who rarely leave the house. These systems are either connected to a landline or a cellular connection. They are majorly used by older people who are mostly bed-ridden or do not have an active life. Seniors, especially those above 80 years of age, will likely face more hurdles sustaining their independence. Reduced mobility and other factors due to aging make daily lives for older people difficult, and the dangers of not being able to get immediate medical help during emergencies are serious.
Among all end-users, the home care agencies segment accounted for a major share of around 31% in 2021 in the U.S. Homecare agencies are licensed businesses that employ caregivers to offer in-home care to the person requiring care. Homecare agencies can extend a senior’s ability to live independently and make aging in place a possible alternative during every stage of the aging process. Homecare agencies use PERSs to assist their patients better. PERS and GPS systems are widely used to prevent serious long-term effects of falls or medical emergencies. Fall injuries are common among the elderly population and patients with chronic diseases. However, the direct-to-consumer segment is likely to grow at a faster CAGR of around 10% during the forecast period. According to the United Nations Department of Economic and Social Affairs, the elderly population is expected to reach 80 million by 2040, which makes broader availability of target customers for PERS. Due to this, the U.S. encourages the development of dedicated home healthcare services to enable older adults to continue living in their homes, escalating the demand for medical alert systems in the country.
Segmentation by Type:
• Mobile Systems
• In-Home Systems
Segmentation by End-User
• Homecare Agencies
• Senior Living Centers
• Direct to Consumer
• Others
Key Vendors
• Connect America
• Medical Guardian
• VRI
Other Prominent Vendors
• ADT
• Alert One
• Aloe Care Health
• AT&T
• Cisco Systems
• Freeus
• HandsFree Health
• LifeFone Medical Alert Services
• MedGuard Alert Inc.
• MobileHelp
• Norton Control
• One Call Alert
• Lively
• QMedic
• ResponseNow
• Visonic
KEY QUESTIONS ANSWERED
1. HOW BIG IS THE U.S. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET?
2. WHAT IS THE GROWTH RATE OF THE U.S. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET?
3. WHO ARE THE LEADING VENDORS IN THE U.S. PERSONAL EMERGENCY RESPONSE SYSTEMS (PERS) MARKET?
4. WHAT ARE THE GROWTH FACTORS DRIVING THE US PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET?
5. WHICH END-USER SEGMENTS HOLD THE LARGEST SHARE IN THE U.S. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET?
Read the full report: https://www.reportlinker.com/p06288143/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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View original content:https://www.prnewswire.co.uk/news-releases/global-insurance-provider-selects-3clogic-to-streamline-ai-and-contact-center-capabilities-with-servicenow-302127739.html
Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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View original content:https://www.prnewswire.co.uk/news-releases/screenpoint-medical-leadership-transition-pieter-kroese-confirmed-as-ceo-302127719.html
WESTFORD, Mass., April 25, 2024 /PRNewswire/ — The growing need for automation, technological developments, and long-term cost reductions are driving a robust expansion in the worldwide robotics market. SkyQuest projects that Global Robotics Market size is poised to grow from USD 41.50 Billion in 2023 to USD 126.96 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).
Download a detailed overview:
https://www.skyquestt.com/report/robotics-market
Browse in-depth TOC on the “Robotics Market”
Pages – 202Tables – 64Figures – 75Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$41.50 billion
Estimated Value by 2031
$126.96 billion
Growth Rate
Poised to grow at a CAGR of 15%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application, End Users, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Collaborative Robotics
Key Market Opportunities
Prompting Several Industries to Adopt Automation Technologies
Key Market Drivers
Increasing Demand for Automation
Surge of Automation is Supporting Growth of Robotics Industry
The industrial sector is generating high revenues for the global robotics market owing to extensive automation in manufacturing, which increases productivity and lowers overall production costs. Assembly line, painting, and welding robots have become essential, thereby propelling substantial market expansion in the automotive, electronics, and heavy duty sectors. Due to the increased usage of robots for non-manufacturing functions such as customer service, shipping, and healthcare, the services sector is expanding quickly. This rapid growth is being driven by technological improvements and the push for automation in services.
Surge in Advance Robotics is Bolstering Market Growth
The use of robotics in manufacturing processes is growing, and innovation in this field is happening quickly worldwide. By increasing productivity, efficiency, and precision, advanced robotics technologies—such as AI-driven automation systems and collaborative robots, or cobots—are transforming the manufacturing sector. The dominance of manufacturing in the worldwide robotics market is fuelled by the integration of robotics into manufacturing facilities, which helps businesses remain competitive in today’s dynamic market scenario.
Rising Interest in Service Robotics is Driving Demand for Robotics in Asia Pacific
Due to the strong demand for industrial and service robots in the region, Asia Pacific now leads the global robotics industry. China, Japan, and South Korea are among the nations that have made significant investments in the robotics sector recently. The Middle East and Africa are anticipated to register the fastest-growing rate for the global robotics market. The expansion is ascribed to the region’s growing adoption of automation technology, especially in the manufacturing and logistics industries.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/robotics-market
Drivers:
Increasing Demand for AutomationAdvancements in AI and Machine Learning TechnologiesRestraints:
High Initial InvestmentsLack of Skilled WorkforceProminent Players in Global Robotics Market:
FANUC America Corporation (US)Epson Robotics (Japan)Staubli International AG (Switzerland)YRG Inc. (US)Comau S.p.A. (Italy)Northrop Grumman Corporation (US)Honda Motor Co., Ltd. (Japan)Seiko Epson Corporation (Japan)Yamaha Motor Co., Ltd. (Japan)Adept Technology, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/robotics-market
Key Questions Answered in Global Robotics Market Report
How big is the global robotics market, and what compound annual growth rate (CAGR) is it anticipated to deliver between 2024 and 2031?Which industries are fuelling the need for automation and fostering the expansion of the robotics sector?What impact have recent technological advancements and innovations had on the direction of the robotics market?Which well-known companies in the robotics industry are also major players in the global robotics market?This report provides the following insights:
Analysis of key drivers (increasing demand for automation across industries, improved the overall efficiency, productivity of the processes, demand for automation), restraints (high initial investments, difficult for small and medium-sized enterprises to invest, robots, sensors, and other equipment required not delivered), opportunities (advancements in AI and machine learning technologies, new opportunities for the robotics market, perform complex tasks with high accuracy), and challenges (lack of skilled workforce, maintenance of these robotics systems) influencing the growth of robotics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the robotics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the robotics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Service Robotics Market
Global Soft Robotics Market
Global Warehouse Robotics Market
Global Cloud Robotics Market
Global Robotic Welding Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
View original content:https://www.prnewswire.co.uk/news-releases/robotics-market-to-surpass-usd-126-96-billion-by-2031–skyquest-technology-302127230.html
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