Personal emergency response system for the elderly
Develop a wearable personal emergency response system for the elderly that automatically detects falls and sends alerts to caregivers. The system should also include GPS tracking and two-way communication. Market size: According to a report by Grand View Research, the global personal emergency response system market size was valued at $6.58 billion in 2020 and is expected to expand at a CAGR of 7.4% from 2021 to 2028.