Global Personal Emergency Response Systems (PERS) Market Size study, By Type (Mobile PERS, Standalone PERS, Landline PERS), By End-use (Senior Living Facilities, Home-based Users, Assisted Living Facilities, Others), and Regional Forecasts 2022-2028

Global Personal Emergency Response Systems (PERS) Market Size study, By Type (Mobile PERS, Standalone PERS, Landline PERS), By End-use (Senior Living Facilities, Home-based Users, Assisted Living Facilities, Others), and Regional Forecasts 2022-2028

Global Personal Emergency Response Systems (PERS) Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Personal Emergency Response Systems (PERS) can be defined as a medical alert system. PERS System enables an individual to connect with an emergency response center in case of any medical emergency by pushing a button. Generally, PERS system comprised of three components: a small radio transmitter, a console connected with telephone/smartphone, and an emergency response center that monitors calls. The rising number of geriatric individuals and increasing penetration of smartphones as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to World Health Organization (WHO) estimates – during 2020, the worldwide share of population aged 60 years and above was estimated at 1 billion, and the number is projected to grow to 1.4 billion by 2030 and further 2.1 billion by end of 2050. Furthermore, leading market players are coming up with innovative products to capitalize the growing demand for Personal Emergency Response Systems. For instance, in October 2020, Florida, US based leader in mobile Personal Emergency Response Systems (mPERS) and healthcare technology, MobileHelp launched its newest product named the Micro. This new all-in-one mobile medical alert device offers several advantages including wearable comfort, compact size and weight. It comes with company’s patented automatic fall detection and advanced location tracking feature in case of any emergency. Also, rising technological advancements in healthcare sector and growing per capita healthcare spending across the globe are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high deployment cost associated with PERS System coupled with periodic upgradation and maintenance requirement impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Personal Emergency Response Systems (PERS) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing number of geriatric individuals and presence of a robust healthcare infrastructure in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of healthcare sector and rising per capita healthcare spending in the region, would create lucrative growth prospects for the global Personal Emergency Response Systems (PERS) Market across the Asia Pacific region.

Major market players included in this report are:
Koninklijke Philips N.V.
ADT
Life Alert Emergency Response
Connect America
Valued Relationships
Tunstall Healthcare Group
Medical Alarm Company
Electronic Caregiver
GreatCall
AlertOne Services LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Mobile PERS
Standalone PERS
Landline PERS

By End-use
Senior Living Facilities
Home-based Users
Assisted Living Facilities
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Personal Emergency Response Systems (PERS) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Koninklijke Philips N.V.
ADT
Life Alert Emergency Response
Connect America
Valued Relationships
Tunstall Healthcare Group
Medical Alarm Company
Electronic Caregiver
GreatCall
AlertOne Services LLC

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