Demand for such systems has risen significantly in recent years owing to the availability of technology, rising aging or dependent population across various regions and rising incidence of chronic health issues. Factors driving growth in the market are increasing healthcare expenditure, the proliferation of smartphones and increasing penetration of digital technology. Geographically Asia-Pacific is expected to witness the highest growth over the projected period, driven by rising demand from an affluent and aging population.
This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.
In this section, the entire market is explained along with various drivers, restraints, and opportunities which exist in the current market. This section of the report also provides industry value chain analysis and innovations in the market. Various regulations in the industry along with a scenario analysis have also been covered as a part of this report section.
Personal Emergency Response System Market has been segmented on the basis of type, end user and geography as follows:
Hospitals and Clinics
Specialized Services Facilities
Europe Middle East and Africa
The Middle East and Africa
The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Bay Alarm Medical, Medical Guardian, Koninklijke Philips N.V and Tunstall Americas among others.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentations
4.5. Industry Value Chain Analysis
4.7. Industry Regulations
4.8. Scenario Analysis
5. Personal Emergency Response System Market Forecast by Type (US$ billion)
6. Personal Emergency Response System Market Forecast by End-User (US$ billion)
6.1. Hospitals and Clinics
6.2. Specialized Services Facilities
7. Personal Emergency Response System Market by Geography (US$ billion)
7.1.1. North America
7.1.2. South America
7.2. Europe Middle East and Africa
7.2.2. The Middle East and Africa
7.3. Asia Pacific
8. Competitive Intelligence
8.1. Market Share of Key Players
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players
9. Company Profiles
9.1. Bay Alarm Medical
9.2. Medical Guardian
9.3. Koninklijke Philips N.V
9.4. Tunstall Americas
9.5. Alert One Services
9.6. Guardian Medical Monitoring Systems
9.7. ADT LLC
9.8. Mobile Help
9.9. Lifefone (MSS Electronics Inc.)
9.10. Lifestation Inc.
- ADT LLC
- Alert One Services
- Bay Alarm Medical
- Guardian Medical Monitoring Systems
- Koninklijke Philips N.V
- Lifefone (MSS Electronics Inc.)
- Lifestation Inc.
- Medical Guardian
- Mobile Help
- Tunstall Americas
The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.
The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.
The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.