Personal Emergency Response Systems Market

Personal Emergency Response Systems Market, By Product (Landline Devices, Mobile Devices, Standalone Devices, and Mobile Apps), By End User (Home Based Users, Assisted Living Facilities, and Hospitals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Personal emergency response system (PERS) is a system that lets you call for help in an emergency by pushing a button. A PERS has three components: a small radio transmitter, a console connected to your telephone, and an emergency response center that monitors calls. An individual wears the radio transmitter device around his/her neck or wrist or holds it (via pocket). When a person falls, he/she presses the button on the device. This communicates with the console which is connected to the user’s telephone. When the user presses the button on his/her device, the console automatically dials one or multiple programmed emergency telephone numbers. This call is picked up by an emergency response center that monitors these calls. The center staff identifies the caller, determines the nature of the emergency, and then calls the emergency contact and/or emergency personnel. The high prevalence of diseases and increasing of falls in the elderly are expected to boost the global personal emergency response systems market growth.

Market Dynamics

The key market players are focusing on the adoption of growth strategies such as collaboration, which is attributed to the growth of the global personal emergency response systems market. For instance, in August 2020, AppTech Corp., a fintech company, announced that the company entered a strategic partnership agreement with Silver Alert Services LLC, doing business as LifeLight Systems, expanding into the telehealth sphere. By leveraging both companies’ strengths, the partnership will expand AppTech’s reach into new markets and provide advanced technological solutions for the telehealth and personal emergency response systems markets. By acting as LifeLight Systems’ financial and administrative services partner, AppTech will provide operational and financial efficiencies to LifeLight Systems, which the parties foresee resulting in rapid expansion and adoption of the product offering.

Key features of the study:

This report provides an in-depth analysis of the global personal emergency response systems market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global personal emergency response systems market based on the following parameters–Company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Koninklijke Philips N.V., LifeWatch Services, Inc., Tunstall Healthcare, ADT LLC., Medical Guardian LLC., MobileHelp, Bay Alarm Company, AlertOne Services, LLC., Robert Bosch GmbH, and GreatCall.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global personal emergency response systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global personal emergency response systems market

Detailed Segmentation:

Global Personal Emergency Response Systems Market, By Product :

Landline Devices

Mobile Devices

Standalone Devices

Mobile Apps

Global Personal Emergency Response Systems Market, By End User:

Home Based Users

Assisted Living Facilities

Hospitals

Global Personal Emergency Response Systems Market, By Region:

North America

By Country:

U.S.

Canada

Latin America

By Country:

Brazil

Mexico

Argentina

Rest of Latin America

Europe

By Country:

Germany

U.K.

France

Italy

Spain

Russia

Rest of Europe

Asia Pacific

By Country:

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

By Country:

GCC

Israel

Rest of Middle East

Africa

By Country:

South Africa

Central Africa

North Africa

Company Profiles

Koninklijke Philips N.V.*

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

LifeWatch Services, Inc.

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

Tunstall Healthcare

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

ADT LLC

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

Medical Guardian LLC

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

MobileHelp

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

Bay Alarm Company

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

AlertOne Services, LLC.

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

Robert Bosch GmbH

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

GreatCall

Company Overview

Product Portfolio

Key Highlights

Financial Overview

Strategies

“*” marked represents similar segmentation in other categories in the respective section.