Menu ×

HEALTHCARE & PHARMACEUTICAL

Personal Emergency Response System (PERS) Market By Type (Landline, Mobile and Standalone); By Component (Smoke Detectors, Bed Sensors, Fall Detection Sensors and Others); By End User (Home-Based, Nursing Homes, Hospitals and Others) and By Subscription Model (Monthly, Annual and Others) - Global Industry Demand Analysis and Opportunity Assessment 2018-2027

  • Report ID: 821
  • Text Size:

Extensive insights into the Growth of Personal Emergency Response System Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

IN THE NEWS

  • February 2020: ADT Inc. announced that it has entered into a partnership with HHHunt for the installation of smart home and property automation technology in more than 7,700 apartment homes in nineteen communities across the United States.

  • July 2019: Tunstall Healthcare announced that it has entered into an agreement with Telefonica Empresas to provide solutions and services for remote patient management.

Market Overview

The growth of the global personal emergency response system (PERS) market is thriving on the back of the increasing focus of the players for technological advancements in the personal emergency response system industry, coupled with the increasing prevalence of diseases and disorders, for instance heart strokes, Alzheimer or epileptic seizures that raises the risks of medical emergency situations, demanding attention from healthcare specialists, which is also contributing to the greater adoption of PERS amongst the geriatric population worldwide. Such factors are anticipated to promote significantly towards the growth of the global personal emergency response system (PERS) market.

The global personal emergency response system (PERS) market reached a value of around USD 2800 million in the year 2018 and is expected to garner a value of around USD 4600 million by the end of 2027 by registering a CAGR of around 6% across the globe over the forecast period 2019-2027. Further, the worldwide market of personal emergency response system (PERS) is anticipated to achieve an incremental $ opportunity of around USD 270 million in the year 2027 as compared to the previous year.

Growth Highlights based on Region during 2018-2027

The global personal emergency response system (PERS) market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Among these regions, the market of North America personal emergency response system (PERS) market is driven by U.S. and Canada, where U.S. held the dominant market share of around 79% during the year 2018. The growth in the nation can be attributed to the presence of a robust healthcare infrastructure backed by the support of the government of the nation. Additionally, the personal emergency response system (PERS) market in North America held a market share of around 35% in the year 2018 and is anticipated to grow with a CAGR of around 6% during the forecast period.

Further, China, India, Japan, South Korea and Australia are some of the prominent countries that are driving the growth of the personal emergency response system (PERS) market in Asia Pacific, where China accounted for the largest market share of around 24% in the year 2018 and is further anticipated to register a CAGR of around 6% during the forecast period. On the other hand, India is anticipated to grow with the highest CAGR of around 7% during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

Personal Emergency Response System Graph

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation Synopsis

By Type

The global personal emergency response system (PERS) market has been segmented on the basis of type into landline, mobile and standalone. The landline segment with around 45% share in the year 2018, occupies the largest market share of personal emergency response system (PERS) across the globe. Additionally, the landline segment is anticipated to cross a value of around USD 2200 million by the end of 2027 by registering a CAGR of around 6.5% during the forecast period. Further, the standalone segment is sub-divided into transmitters, standalone voice communicator, wandering system, R-cube or V-cube monitoring system. The transmitters segment, which held a market share of around 37% in the year 2018 is anticipated to cross a value of around USD 400 million by the end of 2027.

personal emergency

Market Drivers and Challenges

Growth Indicators

The presence of a large number of geriatric populations around the globe along with the increasing number of dependents, especially the disabled and elderly, who need greater care and attention for health, is raising the need for versatile mode of notification systems that can help them get medical attention in case of an emergency. Moreover, with the rising incidences of chronic diseases amongst people around the globe is also raising the need for the deployment of such personal emergency response system (PERS). On the other hand, several business strategies which include product launch and deliberate partnerships taken by the key players in the healthcare industry is also anticipated to drive the growth of the global personal emergency response system (PERS) market. Moreover, rising adoption of smartphone, not just amongst the young population, but also amidst the elderly, coupled with the growing healthcare infrastructure around the world backed by the increasing investments of government to develop healthcare infrastructure and focus on R&D activities are some of the factors anticipated to drive the growth of the global personal emergency response system (PERS) market.

Barriers

The high cost associated with the personal emergency response system (PERS), which might affect the sales of the players, coupled with low adoption of the technology in low and middle-income nations owing to the high price of personal emergency response system (PERS) are some of the factors anticipated to impact negatively towards the growth of the global personal emergency response system (PERS) market.

Competitive Landscape

Some of the affluent industry leaders in the global personal emergency response system (PERS) market are ADT Inc., Tunstall Group, Life Alert Emergency Response, Inc., Bay Alarm Medical, Valued Relationships, Inc., Medical Guardian, LLP, GreatCall, Alertone Services, LLC, Nortek Security and Control and Koninklijke Philips N.V.

FREQUENTLY ASKED QUESTIONS

Global Personal Emergency Response System (PERS) Market

Table of Contents

1. Report Overview

1.1. Global PERS Market Overview

1.2. Why You Should Read This Report

1.3. How This Report Delivers

1.4. Key Questions Answered by This Analytical Report Include:

1.5. Who is This Report For?

1.6. Methodology

1.6.1. Primary Research

1.6.2. Secondary Research

1.6.3. Market Evaluation & Forecasting Methodology

2. Introduction to the PERS Market

2.1. PERS Market Structure

2.2. PERS Market Definition

2.3. Global PERS Market Taxonomy

2.4. Global PERS Market Snapshot

2.5. Global PERS Market Dynamics

2.5.1. Global PERS Market: Driver

2.5.2. Global PERS Market: Restraints

2.5.1. Global PERS Market: Trends

2.5.1. Global PERS Market: Opportunities

3. Global PERS Market, By Type, 2019-2027

3.1. Introduction

3.2. Global PERS Market Size and Forecast, By Type

3.2.1. Landline Segment

3.2.2. Mobile Segment

3.2.3. Standalone Segment

4. Global PERS Market, By Component, 2019-2027

4.1. Introduction

4.2. Global PERS Market Size and Forecast, By Component

4.2.1. Smoke Detectors Segment

4.2.2. Bed Sensors Segment

4.2.3. Pull-Cord Residential Segment

4.2.4. Fall Detection Sensors Segment

4.2.5. Flood Sensors Segment

5. Global PERS Market, By End User, 2019-2027

5.1. Introduction

5.2. Global PERS Market Size and Forecast, By End User

5.2.1. Home-Based Users Segment

5.2.2. Assisted Living Facilities Segment

5.2.3. Nursing Homes Segment

5.2.4. Clinics Segment

5.2.5. Hospitals Segment

6. Global PERS Market, By Subscription, 2019-2027

6.1. Introduction

6.2. Global PERS Market Size and Forecast, By Subscription

6.2.1. Monthly License Model Segment

6.2.2. Annual License Model Segment

6.2.3. One-Time License Model Segment

6.2.4. Other Subscription Models Segment

7. Global PERS Market, By Region, 2019-2027

7.1. Introduction

7.2. Global PERS Market Size and Forecast, By Region

7.2.1. North America

7.2.2. Latin America

7.2.3. Europe

7.2.4. Asia Pacific

7.2.5. Middle East and Africa

8. North America PERS Market Analysis and Forecast, 2019-2027

8.1. Introduction

8.1.1. North America

8.2. North America PERS Market Forecast, By Country, 2019-2027

8.3. North America PERS Market Forecast, By Type, 2019-2027

8.4. North America PERS Market Forecast, By Component, 2019-2027

8.5. North America PERS Market Forecast, By End User, 2019-2027

8.6. North America PERS Market Forecast, By Subscription, 2019-2027

9. Latin America PERS Market Analysis and Forecast, 2019-2027

9.1. Introduction

9.1.1. Latin America

9.2. Latin America PERS Market Forecast, By Country, 2019-2027

9.1. Latin America PERS Market Forecast, By Type, 2019-2027

9.2. Latin America PERS Market Forecast, By Component, 2019-2027

9.3. Latin America PERS Market Forecast, By End User, 2019-2027

9.4. Latin America PERS Market Forecast, By Subscription, 2019-2027

10. Europe PERS Market Analysis and Forecast, 2019-2027

10.1. Introduction

10.1.1. Europe 

10.2. Europe PERS Market Forecast, By Country, 2019-2027

10.3. Europe PERS Market Forecast, By Type, 2019-2027

10.4. Europe PERS Market Forecast, By Component, 2019-2027

10.5. Europe PERS Market Forecast, By End User, 2019-2027

10.6. Europe PERS Market Forecast, By Subscription, 2019-2027

11. Asia Pacific PERS Market Analysis and Forecast, 2019-2027

11.1. Introduction

11.1.1. Asia Pacific

11.2. Asia Pacific PERS Market Forecast, By Country, 2019-2027

11.3. Asia Pacific PERS Market Forecast, By Type, 2019-2027

11.4. Asia Pacific PERS Market Forecast, By Component, 2019-2027

11.5. Asia Pacific PERS Market Forecast, By End User, 2019-2027

11.6. Asia Pacific PERS Market Forecast, By Subscription, 2019-2027

12. Middle East & Africa PERS Market Analysis and Forecast, 2019-2027

12.1. Introduction

12.1.1. MEA

12.2. MEA PERS Market Forecast, By Country, 2019-2027

12.3. MEA PERS Market Forecast, By Type, 2019-2027 101

12.4. MEA PERS Market Forecast, By Component, 2019-2027

12.5. MEA PERS Market Forecast, By End User, 2019-2027

12.6. MEA PERS Market Forecast, By Subscription, 2019-2027

13. Company Profile

13.1. ADT CORPORATION

Introduction

Company Overview

Business segments:

Home Security Systems

Health and Senior Safety

Key Developments

Key Financials

13.2. LIFE ALERT EMERGENCY RESPONSE, INC.

Introduction

Company Overview

Business segments:

13.3. Bay Alarm Medical

Introduction

Company Overview

Business Segments

13.4. TUNSTALL GROUP

Introduction

Company Overview

Business segments

Connected Care Solutions

Connected Health

Key Developments

Key Financials

13.5. VRI Inc. (Valued Relationships, Inc.)

Introduction

Company Overview

Business segments:

Key Developments

13.6. MEDICAL GUARDIAN, LLP

Introduction

Company Overview

Business Segments

Key Developments

13.7. GreatCall

Introduction

Company Overview

Business Segments

Key Developments

13.8. ALERTONE SERVICES LLC.

Introduction

Company Overview

Business segments:

13.9. NORTEK SECURITY AND CONTROL LLC

Introduction

Company Overview

Business segments

Key Developments

13.10. Lifeline Systems Company (Philips Lifeline)

Introduction

Company Overview

Business Segments

13.11. LOGICMARK

Introduction

Company Overview

Business segments

Key Developments

14. Strategic Recommendation

Product Differentiation Strategies

Cost Optimization Strategies

Other Lucrative Competitive Strategies

15. Acronyms


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved