The Personal Emergency Response System (PERS) is a device that allows a person to quickly call for help in an emergency. This device comprises three key components: a radio transmitter, a telephone console, and an emergency response center. A personal PERS unit is worn on a person’s wrist or around their neck and sends an emergency signal to a monitoring center. The monitoring center receives the signal through a speaker phone and dispatches local help if the person cannot respond.
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Statistics:
The global personal emergency response systems market is estimated to account for US$ 8,410.1 Mn in terms of value by the end of 2027.
Global Personal Emergency Response Systems Market: Drivers
For instance, according to the U.S. Centers for Disease Control and Prevention, one in four people in the U.S. aged 65 years or above falls each year and the financial toll for older adult falls is expected to reach US$ 67.7 billion by 2020. Such rise in number of incidents of falls among the elderly is expected to boost growth of the global personal emergency response systems market over the forecast period.
Global Personal Emergency Response Systems Market: Opportunities
Growing prevalence of neurodegenerative disorders is expected to offer lucrative growth opportunities for players in the market. For instance, according to Alzheimer’s Research UK, the number of people with dementia globally is estimated to be 50 million and is expected to nearly triple by 2050.
Global Personal Emergency Response Systems Market: Restraints
False positives detection is expected to hinder growth of the market. Fall detectors often provide inaccurate results and fail to detect sliding falls.
Key Takeaways:
The Landline Devices segment in the global personal emergency response systems market was valued at US$ 2,453.6 Mn in 2019 and is expected to reach US$ 4,413.2 Mn by 2027 at a CAGR of 7.6% during the forecast period. Increasing geriatric population is expected to propel the growth of the segment during the forecast period.
The home based users segment held dominant position in the global personal emergency response systems market in 2019, accounting for 25.5% share in terms of value, followed by home based users. Growing incidents of falls among the elderly is projected to boost growth of the segment.
Market Trends
Favorable government-funded health insurance programs are also supporting growth of the market. For instance, Medicaid is a U.S.-government funded insurance program that provides reimbursement for PERS devices to low-income groups in the country.
Decreasing healthcare expenditure in Latin America is expected to hinder growth of the market. For instance, according to World Bank, health expenditure per capita in Brazil declined from US$ 1,288 in 2011 to US$ 1,015 in 2016.
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Global Personal Emergency Response Systems Market: Competitive Landscape
Major players operating in the global personal emergency response systems market include, Koninklijke Philips N.V., LifeWatch Services, Inc., Tunstall Healthcare, ADT LLC, Medical Guardian LLC, MobileHelp, and Bay Alarm Company.
Global Personal Emergency Response Systems Market: Key Developments
September 2019: MobileHelp, a leader in mobile PERS, changed the name of its healthcare division to Clear Arch Health
October 2018: Tunstall Healthcare acquired Kanayo Software Inc. and EWII Telecare to expand its Connected Health solutions portfolio
Segmentation
Scope of the report
- Personal Emergency Response Systems Market, By Product:
- Landline Devices
- Mobile Devices
- Standalone Devices
- Mobile Apps
- Personal Emergency Response Systems Market, By End User:
- Home Based Users
- Assisted Living Facilities
- Hospitals
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The Study Objectives are:
✔ A comprehensive insight into key players operating in the Personal Emergency Response Systems Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Personal Emergency Response Systems Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Personal Emergency Response Systems Industry Impact
Chapter 2 Global Personal Emergency Response Systems Competition by Types, Applications, and Top Regions and Countries
2.1 Global Personal Emergency Response Systems (Volume and Value) by Type
2.3 Global Personal Emergency Response Systems (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Personal Emergency Response Systems Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Personal Emergency Response Systems Market Analysis
Chapter 6 East Asia Personal Emergency Response Systems Market Analysis
Chapter 7 Europe Personal Emergency Response Systems Market Analysis
Chapter 8 South Asia Personal Emergency Response Systems Market Analysis
Chapter 9 Southeast Asia Personal Emergency Response Systems Market Analysis
Chapter 10 Middle East Personal Emergency Response Systems Market Analysis
Chapter 11 Africa Personal Emergency Response Systems Market Analysis
Chapter 12 Oceania Personal Emergency Response Systems Market Analysis
Chapter 13 South America Personal Emergency Response Systems Market Analysis
Chapter 14 Company Profiles and Key Figures in Personal Emergency Response Systems Business
Chapter 15 Global Personal Emergency Response Systems Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
Customization of the Report
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