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Personal Emergency Response System Market - Forecasts from 2017 to 2022

  • ID: 4085927
  • Report
  • 72 pages
  • Knowledge Sourcing Intelligence LLP
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • ADT LLC
  • Alert One Services
  • Bay Alarm Medical
  • Koninklijke Philips N.V
  • Lifestation Inc.
  • Medical Guardian
  • MORE
In 2022, the market for Personal Emergency Response System is expected to reach US$7.056 billion, increasing from US$5.590 billion in 2017. During this period it is projected to grow at a CAGR of 4.77%. Personal Emergency Response Systems (PERS) are mobile or portable devices that help track health of an individual and send out emergency signals to the authority concerned. They are in the form of lightweight transmitters, powered by a battery and can be easily carried anywhere.

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.

Research Methodology

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.

Market Dynamics

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.

Segmentation

Personal Emergency Response System Market has been segmented on the basis of type, end user and geography as follows:


By Type:
Landline
Mobile
Standalone

By End-User:
Hospitals and Clinics
Specialized Services Facilities
Homecare

By Geography:
Americas
North America
South America
Europe Middle East and Africa
Europe
The Middle East and Africa
Asia Pacific

Market Players

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.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ADT LLC
  • Alert One Services
  • Bay Alarm Medical
  • Koninklijke Philips N.V
  • Lifestation Inc.
  • Medical Guardian
  • MORE
1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1. Market Overview and Segmentations
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Industry Value Chain Analysis
4.6. Innovations
4.7. Industry Regulations
4.8. Scenario Analysis

5. Personal Emergency Response System Market Forecast by Type (US$ billion)
5.1. Landline
5.2. Mobile
5.3. Standalone

6. Personal Emergency Response System Market Forecast by End-User (US$ billion)
6.1. Hospitals and Clinics
6.2. Specialized Services Facilities
6.3. Homecare

7. Personal Emergency Response System Market by Geography (US$ billion)
7.1. Americas
7.1.1. North America
7.1.2. South America
7.2. Europe Middle East and Africa
7.2.1. Europe
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.
Note: Product cover images may vary from those shown
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  • 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
Note: Product cover images may vary from those shown
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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.

 

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