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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

Buy Now Report ID: 821 | Published Date: Feb 09, 2023

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


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.

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Personal Emergency Response System Graph
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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. 

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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 Drivers and Challenges

Market-Growth-Drivers

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.


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Top Featured Companies Dominating the Market

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In-the-news

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.


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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


Key Questions Answered in the Report

1) What are the major factors driving the growth of the Personal Emergency Response System (PERS) market?

Ans: Increasing geriatric population is one of the major factors that is driving the growth of the market.

2) What would be the CAGR of Personal Emergency Response System (PERS) market over the forecast period?

Ans: The market is anticipated to attain a CAGR of around 6% over the forecast period, i.e. 2019-2027.

4) Which region will provide more business opportunities for growth of Personal Emergency Response System (PERS) market in future?

Ans: The market in Europe is anticipated to provide more business opportunities in the future.

5) Who are the major players dominating the Personal Emergency Response System (PERS) market?

Ans: The major players 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, No

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the major segments in the global personal emergency response system (PERS) market?

Ans: The market is majorly segmented by type, component, end user, subscription model and by region.

8) What can be the significant growth opportunity for the type segment in the global personal emergency response system (PERS) market?

Ans: The landline segment, which is a sub-segment of the type segment, held the largest market share of 45% in the year 2018 and is anticipated to display significant growth opportunity.

8) What are the restraining factors for the market?

Ans: Growing concerns regarding low adoption of technology amongst the low and middle-income nations as well as the high cost of PERS that affect sales are some of the factors anticipated to act as a barrier towards the growth of the market.

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