"Designing Growth Strategies is in our DNA"

Personal Emergency Response Systems Market Size, Share & Industry Analysis, By Product Type (Landline – Based PERS, Mobile- Based PERS, Standalone PERS, Others), By Connectivity (Wireless , Wired), By Component (Hardware, Software & Services), By End User (Home Healthcare, Assisted Living Facilities, Others) and Regional Forecast, 2019-2026

Region : Global | Report ID: FBI102819 | Status : Ongoing

 

KEY MARKET INSIGHTS

Personal emergency response systems also named as medical emergency systems that help in making a call during a medical emergency. It has 3 components which include a radio transmitter, a console connected to the phone, and an emergency response center that monitors the calls. Most of the PERS are programmed to telephone an emergency response center where the center notices the history, emergency of the patient and gives preference accordingly to who should be notified. Some PERS products help in automatic fall detection which detects fall with the help of technology and makes an emergency call even if the call is not made by the person wearing it for the indication of medical alert. For instance, according to National Council of Aging, every 11 seconds geriatric patient is treated in emergency room for injuries occurred due to fall. In addition to this, the Centers for Disease Control and Prevention (CDC) anticipated that about 50% of all adults in the U.S. suffer from one or two chronic diseases.


Key Market Driver -

Rising number of chronic diseases and rise in geriatric population.

Key Market Restraint -

Stringent regulations and lack of technology penetration.


Increase in chronic diseases, rise in geriatric population, increase in self- care and monitoring, rising incidence of Alzheimer’s and strokes in the geriatric population are influencing the growth of the market. According to WHO, 12.5% of people aged 65 years and 45% of people aged 85 years and older suffer from Alzheimer’s ad strokes. Furthermore, rise in penetration of technology, increased use of the smartphones by old age people which help them in making emergency calls, medication reminders, two-way voice communication, and other such factors are expected to drive the growth of the market during the forecast period. Moreover, technological advancement coupled with increased research for better services in home healthcare has triggered innovations in the healthcare sector.


However, the lack of skilled professionals, low technology penetration, stringent rules, and others are hampering the growth of the market during the forecast period.


Market Segmentation:


Globally, the personal emergency response systems market is segmented on basis of product types, connectivity, components, and end users. Based on the product type, the market is segmented into landline-based PERS, mobile-based PERS, standalone PERS, and others. Based on the connectivity the market is classified into wireless and wired. Based on the components, the market is characterized into hardware, and software & services. Based on the end users, the market is classified into home based, assisted living facilities, and others.


Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.


Key Players Covered:


The major companies in the global personal emergency response systems market include Cape Cod Healthcare Inc., Koninklijke Philips N.V., MedicAlert Foundation, Bay Alarm Medical, Honeywell International Inc, AlertONE Service Inc., Medical Guardian, LLP.


Key Insights:



  • Prevalence of chronic diseases Key Countries/ Region, 2019

  • New Product Launches

  • Technological Advancements of Personal Emergency Response Systems

  • Key Industry Developments

  • Pricing Analysis


Regional Analysis:


To gain extensive insights into the market, Request for Customization


Geographically, the personal emergency response systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the market owing to the rise in the number of chronic diseases, increase in geriatric population, improved healthcare infrastructure, and increased adoption of technology. Europe is the second-largest contributor to the market owing to increased improved healthcare infrastructure. Asia Pacific is anticipated to experience healthy growth in the market owing to an increase in awareness, and an increase in government initiatives towards the home healthcare sector, and an increase in the number of research activities for the betterment of elder patients in assisted living centers. Latin America and Middle East are also anticipated to experience lucrative growth in the market.


Segmentation






























 ATTRIBUTE


 DETAILS

By Product Type




  • Landline – Based PERS

  • Mobile- Based PERS

  • Standalone PERS

  • Others



By Connectivity




  • Wireless

  • Wired



By Component




  • Hardware

  • Software & Services



By End User




  • Home Healthcare

  • Assisted Living Facilities

  • Others



By Geography




  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)



Personal Emergency Response Systems Industry Developments



  • In January 2019, Koninklijke Philips N.V., launched a product named Philips care, a new application platform that tracks and manages various records regarding senior citizen routine check-ups and follow ups.

  • In February 2017, Cisco Systems Inc., launched a product named mobile emergency response systems which is a personal emergency solution provider that enhances the capabilities of Samsung gear s3 smart watch to provide personal emergency response solution without the use of smartphone.


Personal Emergency Response Systems  Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Healthcare Clients

novo-nordisk
DAEWOONG
Abbott
Intuitive_Surgical_logo
Logo_Merck_KGaA_2015

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X