Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023

  • ID: 4390915
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
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The Personal Emergency Response System (Pers) Market is Expected to Be Worth USD 9.22 Billion By 2023, Growing at a CAGR of 5.7% Between 2017 And 2023.

FEATURED COMPANIES

  • ADT Corporation
  • Blue Willow Systems
  • Guardian Alarm
  • Legrand (Uk)
  • Marigroup Oy
  • Mobilehelp
  • MORE

“Increasing aging population across the globe and favorable healthcare reforms are fostering the growth of the PERS market”            

The growth of this market is attributed to the increasing aging population and adoption of PERS as a supportive tool for independent living, technological developments in healthcare wearable, advancement in communication and connectivity technologies, and mobility benefits. However, the occurrence of the false alarm in the personal emergency response system is a restraining factor inhibiting the growth of the PERS market. 

“Technological developments in healthcare wearables and constant innovations in technology and easy adaptability of medical alert devices are fostering the growth of PERS market”

There has been a continuous improvement in PERS technologies such as smartphone application, wearable devices, auto-fall detection sensors, and enhanced global positioning system (GPS), which helps senior citizens to access PERS devices easily and conveniently. Substantial advancements in both the medical and technological fields have contributed significantly to increasing the life expectancy, as people are living longer, healthier lives. Advancements in personal safety monitoring technology have expanded the market and provided home security dealers the opportunity to expand traditional security offerings.

“North America and Europe are the major regions for the growth of the PERS market” 

North America held the largest share of the PERS market in 2016. Europe is also one of the potential regions for the overall PERS market. Asia Pacific (APAC) is expected to register the highest CAGR in the PERS market during the forecast period.In North America, the reimbursement policies and government regulations are conducive to the development of the home healthcare sector, which is also a significant driver for the increased sales of personal emergency response system (PERS), especially among senior citizens with limited income or meager pension.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key experts.

Following is the breakup of the profile of primary participants:  

  • By Company Type: Tier 1 - 23%, Tier 2 - 34%, and Tier 3 - 43%
  • By Designation: C-Level Executives - 35%, Directors - 29%, and Others - 36%
  • By Region: North America - 45%, Europe - 26%, APAC - 17%, and RoW - 12%

The prominent players in the PERS market are Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Valued Relationships, Inc. (US), Medical Guardian LLC (US), Nortek Security & Control LLC. (US), Legrand Assisted Living & Healthcare (UK), Alertone Services, LLC (US), LifeStation, Inc. (US), Bay Alarm Medical (US), LifeFone (US), GreatCall (US), Guardian Alarm (US), Connect America (US), Life Alert Emergency Response, Inc. (US), and MobileHelp (US). 

Research Coverage:

The report estimates the market size and future growth potential of the PERS market across different segments such as type, end user, and geography. Moreover, the report includes the industry trends, market dynamics, and competitive analysis of the key players in the PERS market, along with their company profiles, competitive leadership mapping, and recent developments.           

Key Benefits of Buying the Report:

The report would help market leaders/new entrants in the PERS market by providing them the closest approximations of the revenue numbers for the PERS segments and subsegments. This report would help stakeholders to better understand the competitor landscape and gain insights to better position their businesses and make suitable go-to-market strategies. This report also helps the stakeholders to understand the pulse of the PERS market and provides them information on the key market drivers, restraints, challenges, and opportunities.               

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FEATURED COMPANIES

  • ADT Corporation
  • Blue Willow Systems
  • Guardian Alarm
  • Legrand (Uk)
  • Marigroup Oy
  • Mobilehelp
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Ranking Estimation
2.4 Market Breakdown And Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for Growth of Personal Emergency Response System Market
4.2 Pers Market, By Type
4.3 Pers Market, By End User
4.4 Pers Market, By Type And Region
4.5 North America Held a Major Share of Overall Pers Market in 2016

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Aging Population Across the Globe
5.2.1.2 Technological Developments in Healthcare Wearables
5.2.1.3 Healthcare Reforms Expected to Favor Growth of Pers Market
5.2.1.4 Increasing Penetration of Smartphones in Healthcare
5.2.1.5 Constant Innovations in Technology And Easy Adaptability of Pers Devices
5.2.2 Restraints
5.2.2.1 Overall Cost Associated With the System is Expected to Impact the Adoption of Pers Devices
5.2.2.2 Lack of Know-How Pertaining to the New Technology Used in Pers System
5.2.2.3 Low Practicability And Acceptability of the Technology Among Senior Citizens
5.2.3 Opportunities
5.2.3.1 Advancements in Communication Technologies
5.2.3.2 Emerging Markets Create Growth Opportunities for Pers
5.2.3.3 Thriving Healthcare Market to Create Need for Affordable Medical Alert Devices
5.2.4 Challenges
5.2.4.1 False Alarm Decreasing the Efficiency of Pers

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Latest Trends in the Market
6.3.1 Shifting Trend Towards Telehealth
6.3.2 Increasing Demand for Multimodal Technology
6.3.3 Machine Learning Approach for Detecting Fall
6.3.4 Government Initiatives

7 Personal Emergency Response Market, By Type
7.1 Introduction
7.2 Landline Pers
7.3 Mobile Pers
7.3.1 Wireless Emergency Response System
7.3.2 Cellular Emergency Response System
7.3.3 Gps-Based Emergency Response System
7.4 Standalone Pers
7.4.1 Transmitters
7.4.2 Standalone Voice Communicator
7.4.3 Wandering System
7.4.4 R- Cube/V-Cube Monitoring System

8 Personal Emergency Response System Market, By End User
8.1 Introduction
8.2 Home-Based Users
8.3 Senior Living Facilities
8.4 Assisted Living Facilities

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 Us
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Uk
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific (Apac)
9.4.1 China
9.4.2 Japan
9.4.3 Australia
9.4.4 India
9.4.5 Rest of Apac
9.5 Rest of the World (Row)
9.5.1 Middle East & Africa
9.5.2 South America

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Competitive Benchmarking
10.4.1 Strength of Product Portfolio (25 Companies)
10.4.2 Business Strategy Excellence (25 Companies)
10.5 Competitive Situation And Trends
10.5.1 Battle for Market Share: Product Launches Was the Key Strategy Adopted By Companies Between 2015 And 2017
10.5.2 Major Strategies Adopted By the Key Players
25 Companies Analyzed Across the Ecosystem Are - Koninklijke Philips N.V. (Netherlands); Adt Corporation (Us); Tunstall Healthcare Group Ltd. (Uk); Valued Relationships, Inc. (Us); Medical Guardian Llc (Us); Nortek Security & Control Llc. (Us); Legrand (Uk); Alertone Services, Llc (Us); Lifestation, Inc. (Us); Bay Alarm Medical (Us); Lifefone (Us); Greatcall (Us); Mytrex, Inc. Dba Rescue Alert (Us); American Senior Safety Agency (Us); Lifewatch Usa (Us); Safe Guardian (Us); Life Call Medical Alert System (Us); Guardian Alarm (Us); Connect America (Us); Galaxy Medical Alert Systems (Us); Critical Signal Technologies (Us); Life Alert Emergency Response, Inc. (Us); Mobilehelp (Us); Responsenow Medical Alert Systems (Us); Medical Care Alert (Us)

11 Company Profiles
11.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Mnm View)*
11.2 Koninklijke Philips N.V.
11.3 Tunstall Americas
11.4 Valued Relationships, Inc.
11.5 Guardian Alarm
11.6 Alertone Services Llc.
11.7 Connect America
11.8 Adt Corporation
11.9 Medical Guardian Llc
11.10 Mobilehelp
11.11 Numera Inc.
11.12 Galaxy Medical Alert System
11.13 Critical Signal Technologies
11.14 Mytrex, Inc. Dba Rescue Alert
11.15 Key Innovators
11.15.1 Lifefone
11.15.2 Bay Alarm Medical
11.15.3 Intel Corporation
11.15.4 Marigroup Oy
11.15.5 Vital Connect Inc.
11.15.6 Blue Willow Systems
*Details On Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Mnm View Might Not Be Captured in Case of Unlisted Companies.
 
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing Rt: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables:
Table 1 Pers Market, By Type, 2014-2023 (USD Billion)
Table 2 Mpers Market, By Type, 2014-2023 (USD Million)
Table 3 Mpers Market for Home-Based Users, By Type, 2014-2023 (USD Million)
Table 4 Mpers Market for Senior Living Facilities, By Type, 2014-2023 (USD Million)
Table 5 Mpers Market for Assisted Living Facilities, By Type, 2014-2023 (USD Million)
Table 6 Standalone Pers Market, By Type, 2014-2023 (USD Million)
Table 7 Standalone Pers Market for Home-Based Users, By Type, 2014-2023 (USD Million)
Table 8 Standalone Pers Market for Senior Living Facilities, By Type, 2014-2023 (USD Million)
Table 9 Standalone Pers Market for Assisted Living Facilities, By Type, 2014-2023 (USD Million)
Table 10 Pers Market in North America, By Type, 2014-2023 (USD Million)
Table 11 Mpers Market in North America, By Type, 2014-2023 (USD Million)
Table 12 Standalone Pers Market in North America, By Type, 2014-2023 (USD Million)
Table 13 Pers Market in Us, By Type, 2014-2023 (USD Million)
Table 14 Pers Market in Canada, By Type, 2014-2023 (USD Million)
Table 15 Pers Market in Mexico, By Type, 2014-2023 (USD Million)
Table 16 Pers Market in Europe, By Type, 2014-2023 (USD Million)
Table 17 Mpers Market in Europe, By Type, 2014-2023 (USD Million)
Table 18 Standalone Pers Market in Europe, By Type, 2014-2023 (USD Million)
Table 19 Pers Market in Uk, By Type, 2014-2023 (USD Million)
Table 20 Pers Market in Germany, By Type, 2014-2023 (USD Million)
Table 21 Pers Market in France, By Type, 2014-2023 (USD Million)
Table 22 Pers Market in Italy, By Type, 2014-2023 (USD Million)
Table 23 Pers Market in Spain, By Type, 2014-2023 (USD Million)
Table 24 Pers Market in Rest of Europe, By Type, 2014-2023 (USD Million)
Table 25 Pers Market in Apac, By Type, 2014-2023 (USD Million)
Table 26 Mpers Market in Apac, By Type, 2014-2023 (USD Million)
Table 27 Standalone Pers Market in Apac, By Type, 2014-2023 (USD Million)
Table 28 Pers Market in China, By Type, 2014-2023 (USD Million)
Table 29 Pers Market in Japan, By Type, 2014-2023 (USD Million)
Table 30 Pers Market in Australia, By Type, 2014-2023 (USD Million)
Table 31 Pers Market in India, By Type, 2014-2023 (USD Million)
Table 32 Pers Market in Rest of Apac, By Type, 2014-2023 (USD Million)
Table 33 Pers Market in Row, By Type, 2014-2023 (USD Million)
Table 34 Mpers Market in Row, By Type, 2014-2023 (USD Million)
Table 35 Standalone Pers Market in Row, By Type, 2014-2023 (USD Million)
Table 36 Pers Market in Middle East & Africa, By Type, 2014-2023 (USD Million)
Table 37 Pers Market in South America, By Type, 2014-2023 (USD Million)
Table 38 Pers Market, By End User, 2014-2023 (USD Million)
Table 39 Pers Market for Home-Based Users, By Type, 2014-2023 (USD Million)
Table 40 Pers Market for Senior Living Facilities, By Type, 2014-2023 (USD Million)
Table 41 Pers Market for Assisted Living Facilities, By Type, 2014-2023 (USD Million)
Table 42 Landline Pers Market, By End User, 2014-2023 (USD Million)
Table 43 Mpers Market, By End User, 2014-2023 (USD Million)
Table 44 Wireless Emergency Response System Market, By End User, 2014-2023 (USD Million)
Table 45 Cellular Emergency Response System Market, By End User, 2014-2023 (USD Million)
Table 46 Gps-Based Emergency Response System Market, By End User, 2014-2023 (USD Million)
Table 47 Standalone Pers Market, By End User, 2014-2023 (USD Million)
Table 48 Pers Market for Transmitters, By End User, 2014-2023 (USD Million)
Table 49 Pers Market for Standalone Voice Communicator, By End User, 2014-2023 (USD Million)
Table 50 Pers Market for Wandering System, By End User, 2014-2023 (USD Million)
Table 51 Pers Market for R-Cube/V-Cube Monitoring System, By End User, 2014-2023 (USD Million)
Table 52 Pers Market, By Region, 2014-2023 (USD Million)
Table 53 Landline Pers Market, By Region, 2014-2023 (USD Million)
Table 54 Mpers Market, By Region, 2014-2023 (USD Million)
Table 55 Standalone Pers Market, By Region, 2014-2023 (USD Million)
Table 56 Landline Pers Market in North America, By Country, 2014-2023 (USD Million)
Table 57 Mpers Market in North America, By Country, 2014-2023 (USD Million)
Table 58 Standalone Pers Market in North America, By Country, 2014-2023 (USD Million)
Table 59 Pers Market in North America, By Country, 2014-2023 (USD Million)
Table 60 Landline Pers Market in Europe, By Country, 2014-2023 (USD Million)
Table 61 Mpers Market in Europe, By Country, 2014-2023 (USD Million)
Table 62 Standalone Pers Market in Europe, By Country, 2014-2023 (USD Million)
Table 63 Pers Market in Europe, By Country, 2014-2023 (USD Million)
Table 64 Landline Pers Market in Apac, By Country, 2014-2023 (USD Million)
Table 65 Mpers Market in Apac, By Country, 2014-2023 (USD Million)
Table 66 Standalone Pers Market in Apac, By Country, 2014-2023 (USD Million)
Table 67 Pers Market in Apac, By Country, 2014-2023 (USD Million)
Table 68 Landline Pers Market in Row, By Country, 2014-2023 (USD Million)
Table 69 Mpers Market in Row, By Country, 2014-2023 (USD Million)
Table 70 Standalone Pers Market in Row, By Country, 2014-2023 (USD Million)
Table 71 Pers Market in Row, By Country, 2014-2023 (USD Million)

List of Figures:
Figure 1 Personal Emergency Response System Market Segmentation
Figure 2 Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assisted Living Market Expected to Grow at Highest CAGR During Forecast Period
Figure 8 North America Held Largest Share of Pers Market in 2016
Figure 9 Pers Market Expected to Exhibit Significant Growth Between 2017 And 2023
Figure 10 Mobile Pers Expected to Grow at Highest CAGR During Forecast Period
Figure 11 Assisted Living Facilities Expected to Register Highest CAGR During Forecast Period
Figure 12 Home-Based Users Held Largest Share of Pers Market in 2016
Figure 13 Pers Market in Apac Expected to Grow at Highest CAGR During Forecast Period
Figure 14 Constant Innovation in Technology And Easy Adaptability to Drive the Pers Market
Figure 15 Pers Market: Value Chain Analysis
Figure 16 Personal Emergency Response System (Pers) Market, By Type
Figure 17 Pers Market Size, By Type, 2014-2023 (USD Billion)
Figure 18 Personal Emergency Response System (Pers) Market, By End User
Figure 19 Assisted Living Facilities Expected to Register Highest Growth Rate in Pers Market During the Forecast Year
Figure 20 Pers Market, By Geography
Figure 21 Geographic Snapshot of Pers Market
Figure 22 Apac Expected to Grow at Highest CAGR in Pers Market During Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Mexico Expected to Register Highest CAGR in Pers Market in North America During Forecast Period
Figure 25 Europe: Market Snapshot
Figure 26 Germany Expected to Dominate Pers Market Till 2023
Figure 27 Asia-Pacific: Market Snapshot
Figure 28 India Expected to Register Highest CAGR in Pers Market in Apac During Forecast Period
Figure 29 Middle East & Africa Expected to Register Highest CAGR in Pers Market During Forecast Period
Figure 30 Companies Adopted Product Launches And Mergers & Acquisitions As the Key Growth Strategies Between 2015 And 2017
Figure 31 Market Ranking Analysis of Top 5 Players in Personal Emergency Response System Market, 2016
Figure 32 Personal Emergency Response System Market (Global): Competitive Leadership Mapping, 2017
Figure 33 Product Launches And Mergers And Acquisitions Are Major Strategies Adopted By Industry Players
Figure 34 Koninklijke Philips N.V.: Company Snapshot

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FEATURED COMPANIES

  • ADT Corporation
  • Blue Willow Systems
  • Guardian Alarm
  • Legrand (Uk)
  • Marigroup Oy
  • Mobilehelp
  • MORE

The overall personal emergency response system (PERS) market is projected to exhibit a lucrative growth potential during the forecast period. The increasing aging population and adoption of PERS as a supportive tool for independent living, technological developments in healthcare wearable, advancement in communication and connectivity technologies, and mobility benefits are the major driving factors for the PERS market.

PERS is an important tool, which caters to senior citizens in need of immediate medical attention. Apart from receiving help during an emergency, these devices are also used by people to ensure safety and security when living or traveling alone. PERS device is a boon for seniors who live alone at home for long hours and for seniors who suffer from diseases such as Alzheimer’s, diabetes, and heart conditions. The personal emergency response system market is acclaimed by doctors, hospitals, and healthcare organizations such as the American Heart Association (US) and the American Association of Retired Person (US).

The PERS market is currently in its growth phase and is expected to grow further because of the increasing aging population and awareness of independent healthcare devices in the coming years. The PERS market is expected to grow from USD 6.61 Billion in 2017 to USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023.

The personal emergency response system (PERS) market based on regions has been broadly classified into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In terms of value, North America accounted for the largest share of the PERS market in 2016. Reimbursement policies and government regulations are playing a crucial role in the development of the home healthcare sector in North America, which, in turn, is driving the growth of the PERS market in this region. Moreover, the increasing aging population and growing demand for home healthcare devices by seniors who are health conscious are driving the growth of the PERS market.

Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2023. Government initiatives such as the Japan’s National Health Insurance (NHI) program and the Health Reform Program of China are creating awareness among senior citizens with regard to healthcare devices and various PERS devices.

The occurrence of the false alarm in the personal emergency response system is the major restraining factor inhibiting the growth of this market. However, there are rapid and constant test methods for PERS devices, which companies are adopting to minimize the inefficiency arising out of false alarm due to technical errors in the PERS devices.

In 2016, the PERS market was dominated by Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Valued Relationships, Inc. (US), and Medical Guardian LLC (US). Other major players in this market include Nortek Security & Control LLC. (US), Legrand Assisted Living & Healthcare (UK), Alertone Services, LLC (US), LifeStation, Inc. (US), Bay Alarm Medical (US), LifeFone (US), GreatCall (US), Guardian Alarm (US), Connect America (US), Life Alert Emergency Response, Inc. (US), and MobileHelp (US).

Note: Product cover images may vary from those shown
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  • ADT Corporation
  • Alertone Services Llc.
  • American Senior Safety Agency (Us)
  • Bay Alarm Medical
  • Blue Willow Systems
  • Connect America
  • Critical Signal Technologies
  • Galaxy Medical Alert System
  • Greatcall (Us)
  • Guardian Alarm
  • Intel Corporation
  • Koninklijke Philips N.V.
  • Legrand (Uk)
  • Life Alert Emergency Response, Inc. (Us)
  • Life Call Medical Alert System (Us)
  • Lifefone
  • Lifewatch Usa (Us)
  • Marigroup Oy
  • Medical Care Alert (Us)
  • Medical Guardian Llc
  • Mobilehelp
  • Mytrex, Inc. Dba Rescue Alert
  • Nortek Security & Control Llc. (Us)
  • Numera Inc.
  • Responsenow Medical Alert Systems (Us)
  • Safe Guardian (Us)
  • Tunstall Americas
  • Valued Relationships, Inc.
  • Vital Connect Inc.
Note: Product cover images may vary from those shown
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