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Personal Emergency Response Systems (PERS) Market - Forecast (2020 - 2025)

  • ID: 3339347
  • Report
  • March 2020
  • Region: Global
  • 107 pages
  • IndustryARC
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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.

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&A’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.
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1. Personal Emergency Response Systems (PERS) Market - Overview
1.1. Definitions and Scope

2. Personal Emergency Response Systems (PERS) Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography

3. Personal Emergency Response Systems (PERS) Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis

4. Personal Emergency Response Systems (PERS) Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes

5. Personal Emergency Response Systems (PERS) Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share

6. Personal Emergency Response Systems (PERS) Market – By Device (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Landline-Based PERS
6.3.2. Mobile-Based PERS
6.3.2.1. Wireless
6.3.2.1.1 Wireless Medical panic Button
6.3.2.1.1. Life SOS Equipment
6.3.2.2. Cellular
6.3.2.3. GPS-Based
6.3.3. Standalone PERS
6.3.3.1. R-Cube Monitoring Systems
6.3.3.2. Standalone Voice dialer
6.3.3.3. Transmitter

7. Personal Emergency Response Systems (PERS) – By End Use Industry(Market Size -$Million / $Billion)
7.1. Segment type Size and Market Share Analysis
7.2. Application Revenue and Trends by type of Application
7.3. Application Segment Analysis by Type
7.3.1. Home-Based Users
7.3.2. Senior Living Facilities
7.3.3. Assisted Living Facilities

8. Personal Emergency Response Systems (PERS) - By Geography (Market Size -$Million / $Billion)
8.1. Personal Emergency Response Systems (PERS) Market - North America Segment Research
8.2. North America Market Research (Million / $Billion)
8.2.1. Segment type Size and Market Size Analysis
8.2.2. Revenue and Trends
8.2.3. Application Revenue and Trends by type of Application
8.2.4. Company Revenue and Product Analysis
8.2.5. North America Product type and Application Market Size
8.2.5.1. U.S.
8.2.5.2. Canada
8.2.5.3. Mexico
8.2.5.4. Rest of North America
8.3. Personal Emergency Response Systems (PERS) - South America Segment Research
8.4. South America Market Research (Market Size -$Million / $Billion)
8.4.1. Segment type Size and Market Size Analysis
8.4.2. Revenue and Trends
8.4.3. Application Revenue and Trends by type of Application
8.4.4. Company Revenue and Product Analysis
8.4.5. South America Product type and Application Market Size
8.4.5.1. Brazil
8.4.5.2. Venezuela
8.4.5.3. Argentina
8.4.5.4. Ecuador
8.4.5.5. Peru
8.4.5.6. Colombia
8.4.5.7. Costa Rica
8.4.5.8. Rest of South America
8.5. Personal Emergency Response Systems (PERS) - Europe Segment Research
8.6. Europe Market Research (Market Size -$Million / $Billion)
8.6.1. Segment type Size and Market Size Analysis
8.6.2. Revenue and Trends
8.6.3. Application Revenue and Trends by type of Application
8.6.4. Company Revenue and Product Analysis
8.6.5. Europe Segment Product type and Application Market Size
8.6.5.1. U.K
8.6.5.2. Germany
8.6.5.3. Italy
8.6.5.4. France
8.6.5.5. Netherlands
8.6.5.6. Belgium
8.6.5.7. Spain
8.6.5.8. Denmark
8.6.5.9. Rest of Europe
8.7. Personal Emergency Response Systems (PERS) – APAC Segment Research
8.8. APAC Market Research (Market Size -$Million / $Billion)
8.8.1. Segment type Size and Market Size Analysis
8.8.2. Revenue and Trends
8.8.3. Application Revenue and Trends by type of Application
8.8.4. Company Revenue and Product Analysis
8.8.5. APAC Segment – Product type and Application Market Size
8.8.5.1. China
8.8.5.2. Australia
8.8.5.3. Japan
8.8.5.4. South Korea
8.8.5.5. India
8.8.5.6. Taiwan
8.8.5.7. Malaysia

9. Personal Emergency Response Systems (PERS) Market - Entropy
9.1. New product launches
9.2. M&A's, collaborations, JVs and partnerships

10. Personal Emergency Response Systems (PERS) Market Company Analysis
10.1. Market Share, Company Revenue, Products, M&A, Developments
10.2. ADT Corporation
10.3. Bay Alarm Medical
10.4. Philips Lifeline
10.5. Life Alert Emergency Response Inc
10.6. VRI Inc
10.7. Tunstall
10.8. Medical Guardian LLC
10.9. AlertOne Services LLC
10.10. GreatCall
10.11. Rescue Alert

11. Personal Emergency Response Systems (PERS) Market -Appendix
11.1. Abbreviations
11.2. Sources
Note: Product cover images may vary from those shown
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