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, 2023Global 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
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.
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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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).
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.
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.
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.
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.
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
Ans: Increasing geriatric population is one of the major factors that is driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of around 6% over the forecast period, i.e. 2019-2027.
Ans: The market in Europe is anticipated to provide more business opportunities in the future.
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
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.
Ans: The market is majorly segmented by type, component, end user, subscription model and by region.
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.
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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