Demand for personal alarms in the home is rising as the population ages, a global consulting firm has reported.
Revenue for the European social alarms market was $220.3 million (conversion) in 2005 according to the global growth consultancy, estimating that this will increase to $332.4 million by 2012.
As pressure increases on the health and social care sector, the uptake of 'social alarm products' in building technology and security systems is rising, according to Frost & Sullivan.
Further, the elderly are now demanding knowledge to accompany these products, which will allow them to remain independent for longer.
"The growing elderly population in Europe and spiralling health and social care costs are the key factors promoting the growth of social alarm and telecare applications," said Archana Umesh Rao, a research analyst at Frost & Sullivan.
"In view of increasing life expectancy and the widening dependency ratio (the ratio of retired people to the number of working people), governments across Europe are adopting simple technologies such as social alarm and telecare to offer effective care to the expanding ageing population."
Frost & Sullivan estimate that only 4.5 per cent of those Europeans who may find these products useful currently possess one.