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Market Research Report

Personal Emergency Response Systems (PERS) Market: By Type (Landline-based PERS, Mobile PERS and Standalone Devices); By End Users (Home-based, Senior Living Facilities and Assisted Living Facilities); By Geography - 2019-2024

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Personal Emergency Response Systems (PERS) Market: By Type (Landline-based PERS, Mobile PERS and Standalone Devices); By End Users (Home-based, Senior Living Facilities and Assisted Living Facilities); By Geography - 2019-2024
Published: December 19, 2018 Content info: 120 Pages
Description

"The Global Personal Emergency Response Systems Market has recorded $2874.6m in 2017 and it is estimated to surpass $4128.5m by 2023 growing at an estimated rate of more than 6.22% during 2018 to 2023. The Mobile PERS unit is witnessed as fast growing in the market with $624.7m revenue and expected to reach $891.6m by 2023 with a CAGR of 6.18%. Standalone PERS Market is projected to grow with a high CAGR of 36.58% during forecast period. North America and Europe holds the maximum share of 38% and 35% in the global PERS Market.

What is Personal Emergency Response Systems (PERS) Market?

Personal Emergency Response System (PERS) will offer a safe and security solutions to the dependents such as disables and seniors by proffering flexible way to notify the medical assistance in case of an emergency is required in terms of medical, police or fire.These are necessary for people who are at risk of falls or a stroke, as well as people with medical conditions that would necessitate a need such as spinal cord injury, communication disabilities, deafness, hearing loss, balance disabilities and speech disabilities. In-built daily reminders, regarding medications, appointments, household temperatures, smoke, carbon monoxide detectors.

What are the major applications for Personal Emergency Response Systems (PERS) Market?

The various end-users assessed includes Home-Based Users, Senior Living Facilities and Assisted Living Facilities. Largest end-user segment is home-based users where home healthcare market is growing and gaining demand for its effective emergency communication devices. People got intended that technology support would lessen the effect if illness during critical medical emergencies. Both these offer a healthcare support with an aid of nursing where they will lessen the health condition of the population by reducing the operational cost by using various mode of alert system.

Market Research and Market Trends of Personal Emergency Response Systems (PERS) Market

Emergency Medical Technician (EMT): EMT facilities are emerging with enhanced training in Cardiopulmonary and first-aid treatment. Companies which provide these mechanisms usually enter into collaborative ventures with call centers that are responsible for receiving emergency calls and take care of forwarding them to health-care providers. They also developed the critical situations to be more flexible by offering medical alarm system to senior citizens where there is a remarkable growth in the market. The US has the predominant demand for healthcare emergency apart from its traditional one.

E-vone Smart Shoes: Elders and disabled people requires a well-connected and equipped device for their medical emergency. E-Vone is the new innovative device introduced in the market, includes various features which will give an alarm to their relatives, friends in case of any emergency situation. People in other countries are adopting this innovative technology which helps to reduce the time and protect the person from being injured. The penetration and expansion of this product has gone more than 120 countries around the globe.

Venture capitalist like SCOR Global life and Transamerica were invested $12.5Mn in IBeat who is the innovative developer of wearable technologies such as cardiac monitoring smart watch. This smart watch is capable to monitor the heart of the person and will notify the relatives and friends during emergency situation. IBeat will exploit this fund for their expansion and growth of their operations across the world. IBeat will provide information about the heart condition of the policyholders by monitoring the real-time condition of their heart.

Who are the Major Players in Personal Emergency Response Systems (PERS) Market?

The companies referred to the market research report includes ADT Corporation, Bay Alarm Medical, Philips Lifeline, Life Alert Emergency Response Inc, VRI Inc, Tunstall, Medical Guardian LLC, AlertOne Services LLC, GreatCall, Rescue Alert and more than 20 companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

Analyze the sales and distribution channels across key geographies to improve top-line revenues.

Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

Get a quick outlook on the market entropy - M's, deals, partnerships, product launches of all key players for the past 4 years.

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market."

Table of Contents

1 Executive Summary

2 Personal Emergency Response Systems - Market Overview

  • 2.1 Introduction
  • 2.2 Classification
    • 2.2.1 PERS Market Classification, By Type of System
    • 2.2.2 PERS Market Classification, By End-Users

3 Personal Emergency Response Systems - Market Landscape

  • 3.1 Market Share Analysis
  • 3.2 Comparative Analysis
    • 3.2.1 Product Benchmarking
    • 3.2.2 End-User Profiling
      • 3.2.2.1 Home-Based Users
      • 3.2.2.2 Senior Living Facilities
      • 3.2.2.3 Assisted Living Facilities
    • 3.2.3 Patent Analysis

4 Personal Emergency Response Systems- Market Forces

  • 4.1 Market Drivers
    • 4.1.1 Rise in Aging Population to Drive PERS Market
    • 4.1.2 Booming Home Healthcare Market to Create Need for Affordable Monitoring Devices
    • 4.1.3 Healthcare Reforms to Favor Growth of PERS Market
    • 4.1.4 Usage of Smartphones to Drive the PERS Market
    • 4.1.5 Constant Evolution of Healthcare Industry Leads to Innovations in the PERS Market
    • 4.1.6 Stringent Government Regulations to Standardize Healthcare Industry
    • 4.1.7 Technological Advancements and Ease of Access Drive Penetration of PERS
  • 4.2 Market Constraints
    • 4.2.1 Limited Financial Resources in Elderly Population Will Impact the Adoption of PERS
    • 4.2.2 Inhibitions about Using PERS
  • 4.3 Market Challenges
    • 4.3.1 Limited Range of PERS
    • 4.3.2 Lack of Infrastructure& Trained Resources
    • 4.3.3 Increase in False Alarms Will Limit the Efficiency of Personal Emergency Response Systems
  • 4.4 Attractiveness of the Industry
    • 4.4.1 Power of Suppliers
    • 4.4.2 Power of Customers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitution
    • 4.4.5 Degree of Competition
  • 4.5 Emerging PERS Technologies
    • 4.5.1 Motion Sensors
    • 4.5.2 Sync-In Car PERS
    • 4.5.3 Integration of Near-Field Communication (NFC) Technology with PERS
    • 4.5.4 Use Of Medical Qr Codes In Pers Devices

5 Personal Emergency Response Systems - Government Regulations

  • 5.1 North America
    • 5.1.1 U.S.
    • 5.1.2 Canada
    • 5.1.3 Mexico
  • 5.2 Europe
  • 5.3 Asia-Pacific
  • 5.4 Rest of the World

6 Personal Emergency Response Systems- Strategic Analysis

  • 6.1 Value Chain Analysis
  • 6.2 Pricing Analysis
    • 6.2.1 Global PERS Market Pricing Analysis for Non-Profit Organizations
  • 6.3 Opportunity Analysis
    • 6.3.1 Emerging Markets Are the Next Frontiers of the Growth
    • 6.3.2 Prospective Customer Base to Create Potential Opportunities for the U.S. PERS Market
    • 6.3.3 Standalone PERS Devices to Revolutionize the PERS Market
  • 6.4 Product/Market Life Cycle Analysis

7 Personal Emergency Response Systems Market - Classification

  • 7.1 Personal Emergency Response System, By Type
    • 7.1.1 Demand for Compact and Low-Cost PERS to Drive the Standalone PERS Devices Market
    • 7.1.2 Landline-Based Personal Emergency Response Systems
    • 7.1.3 Mobile PERS
      • 7.1.3.1 Mobile PERS Market to Be Driven By Increased Use of Mobile Phones across Aging Population
    • 7.1.4 Standalone Personal Emergency Response Systems
  • 7.2 Personal Emergency Response Systems Market - By End-Users
    • 7.2.1 Rising Healthcare Costs To Increase Adoption of PERS Devices in Care Facilities
    • 7.2.2 Home-Based Users
    • 7.2.3 Senior Living Facilities
      • 7.2.3.1 Emerging Asian Economy to Pave Way for Smart Technologies in Senior Living Facilities
    • 7.2.4 Assisted Living Facilities
  • 7.3 Personal Emergency Response Systems Market -Geographic Analysis
    • 7.3.1 North America
      • 7.3.1.1 Technological Advancements to Drive Innovations in the Matured PERS Market in North America
      • 7.3.1.2 The U.S.
      • 7.3.1.3 Canada
      • 7.3.1.4 Mexico
    • 7.3.2 Europe
      • 7.3.2.1 Favorable Reimbursement Policies to Promote Adoption of PERS in the U.K.
      • 7.3.2.2 United Kingdom
      • 7.3.2.3 Germany
      • 7.3.2.4 France
      • 7.3.2.5 Italy
      • 7.3.2.6 Spain
      • 7.3.2.7 Spain Personal Emergency Response Systems Market Revenue, 2013-2020 ($M)
      • 7.3.2.8 Others
    • 7.3.3 Asia-Pacific
      • 7.3.3.1 China
      • 7.3.3.1.1 China Set To Demonstrate Fastest Growth Owing To Rising Demand for Affordable Health Monitoring Solutions
      • 7.3.3.2 Australia
      • 7.3.3.3 Japan
      • 7.3.3.4 New Zealand
      • 7.3.3.5 India
      • 7.3.3.6 Others
    • 7.3.4 Rest of the World
      • 7.3.4.1 Brazil
      • 7.3.4.2 Saudi Arabia
      • 7.3.4.3 South Africa
      • 7.3.4.4 Russia
      • 7.3.4.5 Others

8 PERS - Market Entropy

  • 8.1 Most Dominant Strategy - Partnerships
  • 8.2 New Product Launches
  • 8.3 Mergers & Acquisitions
  • 8.4 Partnerships
  • 8.5 Business Expansion

9 Personal Emergency Response Systems Company Profiles (Overview, Financials- Top 5 Companies, Developments, Product Portfolio)

  • 9.1 ADT LLC D.B.A. ADT Security Services
    • 9.1.1 Business Overview
    • 9.1.2 Products
    • 9.1.3 Services
    • 9.1.4 Financials
    • 9.1.5 Strategy
    • 9.1.6 Developments
  • 9.2 Alertone Services LLC
    • 9.2.1 Business Overview
    • 9.2.2 Products
    • 9.2.3 Services
    • 9.2.4 Financials
    • 9.2.5 Strategy
  • 9.3 Bay Alarm Medical Company
    • 9.3.1 Business Overview
    • 9.3.2 Products
    • 9.3.3 Services
    • 9.3.4 Financials
    • 9.3.5 Strategy
    • 9.3.6 Developments
  • 9.4 Carelineuk Monitoring Limited
    • 9.4.1 Business Overview
    • 9.4.2 Products
    • 9.4.3 Services
    • 9.4.4 Financials
    • 9.4.5 Strategy
    • 9.4.6 Developments
  • 9.5 Galaxy Medical Alert Systems, Ltd.
    • 9.5.1 Business Overview
    • 9.5.2 Products
    • 9.5.3 Services
    • 9.5.4 Financials
    • 9.5.5 Strategy
  • 9.6 Life Alert Emergency Response, Inc.
    • 9.6.1 Business Overview
    • 9.6.2 Products
    • 9.6.3 Services
    • 9.6.4 Financials
    • 9.6.5 Strategy
  • 9.7 Life Guardian Technologies LLC
    • 9.7.1 Business Overview
    • 9.7.2 Products
    • 9.7.3 Services
    • 9.7.4 Financials
    • 9.7.5 Strategy
  • 9.8 Lifefone Personal Response Services
    • 9.8.1 Business Overview
    • 9.8.2 Products
    • 9.8.3 Services
    • 9.8.4 Financials
    • 9.8.5 Strategy
    • 9.8.6 Developments
  • 9.9 Lifestation, Inc.
    • 9.9.1 Business Overview
    • 9.9.2 Products
    • 9.9.3 Financials
    • 9.9.4 Services
    • 9.9.5 Strategy
    • 9.9.6 Developments
  • 9.10 Logicmark, LLC
    • 9.10.1 Business Overview
    • 9.10.2 Products
    • 9.10.3 Services
    • 9.10.4 Financials
    • 9.10.5 Strategy
    • 9.10.6 Developments
  • 9.11 Mobilehelp
    • 9.11.1 Business Overview
    • 9.11.2 Products
    • 9.11.3 Services
    • 9.11.4 Strategies
    • 9.11.5 Developments
  • 9.12 Koninklijke Philips N.V (Lifeline)
    • 9.12.1 Business Overview
    • 9.12.2 Products
    • 9.12.3 Services
    • 9.12.4 Financials
    • 9.12.5 Strategies
    • 9.12.6 Developments
  • 9.13 Mytrex Inc. DBA Rescue Alert
    • 9.13.1 Business Overview
    • 9.13.2 Products
    • 9.13.3 Services
    • 9.13.4 Financials
    • 9.13.5 Strategies
    • 9.13.6 Developments
  • 9.14 Tunstall Healthcare (UK) Ltd
    • 9.14.1 Business Overview
    • 9.14.2 Products
    • 9.14.3 Services
    • 9.14.4 Financials
    • 9.14.5 Strategies
    • 9.14.6 Developments
  • 9.15 Valued Relationships, Inc.
    • 9.15.1 Business Overview
    • 9.15.2 Products
    • 9.15.3 Financials
    • 9.15.4 Strategies
    • 9.15.5 Developments
  • 9.16 Non-Profit PERS Providers

More than 40 Companies are profiled in this Research Report, Complete List available on Request*

"*Financials would be provided on a best efforts basis for private companies"

10 Appendix

  • 10.1 Abbreviations
  • 10.2 Sources
  • 10.3 Research Methodology
  • 10.4 Expert Insights
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