Market Overview:
The global personal emergency response system (PERS) market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing geriatric population and rising incidences of chronic diseases. Additionally, technological advancements in PERS devices are also contributing to the growth of the market. Based on type, the global PERS market is segmented into landline PERS, mobile PERS, and standalone PERS. The landline segment dominated the global market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to low installation and maintenance costs associated with landline devices as compared with other types of devices such as mobile and standalone devices. However, during the forecast period,the mobile segment is projectedto grow at a higher CAGR owingto increasing adoptionof portabledevices among geriatric population worldwide . On basis of application, home-based use accounted for majority shareof th e glob al pers mar ket i n 2017 an d i s expec ted t o re main dominant durin g th e forecas t per iod . Thi s can b e attribu ted t o increasin g demand for portabl e devic es amon g geriatri c populatio n worl dwid e .
Product Definition:
A personal emergency response system (PERS), also known as a medical alert system, is a wearable or portable device that allows an individual to contact emergency services by pressing a button. PERS devices are often worn around the neck or on the wrist and can include features such as two-way voice communication and GPS tracking.
The importance of personal emergency response systems/medical alert systems lies in their ability to provide independence and peace of mind for seniors and those with chronic health conditions. By allowing individuals to summon help without having to rely on others, these devices can provide critical assistance during an emergency situation.
Landline PERS:
The global landline PERS, it's usage and growth factor in the Personal Emergency Response System/Medical Alert System market size was valued at USD 0.00 in 2016. It is expected to expand at a CAGR of XX% during the forecast period.
Mobile PERS:
Mobile PERS (Personal Emergency Response System) is a system that enables users to send an alert for help in case of emergency. It also helps them to call for medical assistance in case of an accident or any other medical condition. The Mobile PERS and Medical Alert System are used by people having heart conditions, diabetes, etc., as it provides the necessary support during times of emergency and helps them get connected with the healthcare providers on their mobile devices.
Application Insights:
The home-based use segment dominated the global market in 2017. This is attributed to factors such as high usage rates and rising awareness about the benefits of having a personal emergency response system at home. Furthermore, government initiatives that offer subsidies for purchasing PERS for home use are also expected to propel industry growth over the forecast period.
The assisted living facilities segment is anticipated to witness significant growth over the forecast period owing to increasing geriatric population across various regions of the world, including North America and Europe. As per United Nations (UN), there are currently more than 70 million people aged 65 or above globally, which is expected to increase by around 50% by 2030 from current levels. Such trends are projected to fuel demand for assisted living facilities in near future, thereby supporting industry growth during this study period.
In addition, other applications include hospitals & hospices as well as others such as corporate offices and military bases among others (PERS).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of PERS providers, along with high disposable income and awareness levels among people about these services. The U.S., which is at the forefront, has around 16 million adults suffering from chronic diseases who are simultaneously managing their own health and that of others using PERS/MA systems; this represents nearly 40% of all Americans above 65 years old (approximately 20% more than younger age groups). In addition, according to an article published by Modern Healthcare in 2018 titled “Medical alert service providers see surge in demand for personal emergency response systemsâ€; it was stated that approximately 2 million new subscribers were added to medical alert services over a one-year period ending December 31, 2017.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing geriatric population base proneto various illnesses such as cardiac disorders.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increased demand for PERS/medical alert systems, as these systems provide safety and security for elderly people living alone or with limited mobility.
- Rising awareness about PERS/medical alert systems: There is a growing awareness among consumers about the benefits of using PERS/medical alert systems, which is driving demand for these devices globally. In addition, governments are also promoting the use of such systems through various initiatives, which is further aiding market growth.
- Technological advancements: The development of new technologies has led to the introduction of innovative features in PERS/medical alert systems such as fall detection sensors and GPS tracking capabilities, thereby enhancing their functionality and appeal among consumers. This is helping to boost market growth significantly worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Personal Emergency Response System/Medical Alert System Market Research Report
By Type
Landline PERS, Mobile PERS, Standalone PERS
By Application
Home-based Use, Nursing Home, Assisted Living Facilities, Hospices, Others
By Companies
Koninklijke Philips N.V., ADT Security Services, Bay Alarm Medical, VRI, Inc., Life Alert Emergency Response, Inc., Tunstall, Medical Guardian LLC, AlertOne Services LLC, GreatCall, Rescue Alert, LogicMark, Nortek Security and Control
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Personal Emergency Response System/Medical Alert System Market Report Segments:
The global Personal Emergency Response System/Medical Alert System market is segmented on the basis of:
Types
Landline PERS, Mobile PERS, Standalone PERS
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home-based Use, Nursing Home, Assisted Living Facilities, Hospices, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Koninklijke Philips N.V.
- ADT Security Services
- Bay Alarm Medical
- VRI, Inc.
- Life Alert Emergency Response, Inc.
- Tunstall
- Medical Guardian LLC
- AlertOne Services LLC
- GreatCall
- Rescue Alert
- LogicMark
- Nortek Security and Control
Highlights of The Personal Emergency Response System/Medical Alert System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Landline PERS
- Mobile PERS
- Standalone PERS
- By Application:
- Home-based Use
- Nursing Home
- Assisted Living Facilities
- Hospices
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Personal Emergency Response System/Medical Alert System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Personal Emergency Response System (PERS) is a type of medical alert system that provides individuals with the ability to receive emergency alerts and notifications about health-related issues. A Medical Alert System (MAS) is a similar type of system that provides individuals with the ability to receive alerts about medical emergencies.
Some of the major companies in the personal emergency response system/medical alert system market are Koninklijke Philips N.V., ADT Security Services, Bay Alarm Medical, VRI, Inc., Life Alert Emergency Response, Inc., Tunstall, Medical Guardian LLC, AlertOne Services LLC, GreatCall, Rescue Alert, LogicMark, Nortek Security and Control.
The personal emergency response system/medical alert system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Personal Emergency Response System/Medical Alert System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Personal Emergency Response System/Medical Alert System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Personal Emergency Response System/Medical Alert System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Personal Emergency Response System/Medical Alert System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Personal Emergency Response System/Medical Alert System Market Size & Forecast, 2018-2028
4.5.1 Personal Emergency Response System/Medical Alert System Market Size and Y-o-Y Growth
4.5.2 Personal Emergency Response System/Medical Alert System Market Absolute $ Opportunity
Chapter 5 Global Personal Emergency Response System/Medical Alert System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Personal Emergency Response System/Medical Alert System Market Size Forecast by Type
5.2.1 Landline PERS
5.2.2 Mobile PERS
5.2.3 Standalone PERS
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Personal Emergency Response System/Medical Alert System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Personal Emergency Response System/Medical Alert System Market Size Forecast by Applications
6.2.1 Home-based Use
6.2.2 Nursing Home
6.2.3 Assisted Living Facilities
6.2.4 Hospices
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Personal Emergency Response System/Medical Alert System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Personal Emergency Response System/Medical Alert System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Personal Emergency Response System/Medical Alert System Analysis and Forecast
9.1 Introduction
9.2 North America Personal Emergency Response System/Medical Alert System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Personal Emergency Response System/Medical Alert System Market Size Forecast by Type
9.6.1 Landline PERS
9.6.2 Mobile PERS
9.6.3 Standalone PERS
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Personal Emergency Response System/Medical Alert System Market Size Forecast by Applications
9.10.1 Home-based Use
9.10.2 Nursing Home
9.10.3 Assisted Living Facilities
9.10.4 Hospices
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Personal Emergency Response System/Medical Alert System Analysis and Forecast
10.1 Introduction
10.2 Europe Personal Emergency Response System/Medical Alert System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Personal Emergency Response System/Medical Alert System Market Size Forecast by Type
10.6.1 Landline PERS
10.6.2 Mobile PERS
10.6.3 Standalone PERS
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Personal Emergency Response System/Medical Alert System Market Size Forecast by Applications
10.10.1 Home-based Use
10.10.2 Nursing Home
10.10.3 Assisted Living Facilities
10.10.4 Hospices
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Personal Emergency Response System/Medical Alert System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Personal Emergency Response System/Medical Alert System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Personal Emergency Response System/Medical Alert System Market Size Forecast by Type
11.6.1 Landline PERS
11.6.2 Mobile PERS
11.6.3 Standalone PERS
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Personal Emergency Response System/Medical Alert System Market Size Forecast by Applications
11.10.1 Home-based Use
11.10.2 Nursing Home
11.10.3 Assisted Living Facilities
11.10.4 Hospices
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Personal Emergency Response System/Medical Alert System Analysis and Forecast
12.1 Introduction
12.2 Latin America Personal Emergency Response System/Medical Alert System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Personal Emergency Response System/Medical Alert System Market Size Forecast by Type
12.6.1 Landline PERS
12.6.2 Mobile PERS
12.6.3 Standalone PERS
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Personal Emergency Response System/Medical Alert System Market Size Forecast by Applications
12.10.1 Home-based Use
12.10.2 Nursing Home
12.10.3 Assisted Living Facilities
12.10.4 Hospices
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Personal Emergency Response System/Medical Alert System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Personal Emergency Response System/Medical Alert System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Personal Emergency Response System/Medical Alert System Market Size Forecast by Type
13.6.1 Landline PERS
13.6.2 Mobile PERS
13.6.3 Standalone PERS
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Personal Emergency Response System/Medical Alert System Market Size Forecast by Applications
13.10.1 Home-based Use
13.10.2 Nursing Home
13.10.3 Assisted Living Facilities
13.10.4 Hospices
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Personal Emergency Response System/Medical Alert System Market: Competitive Dashboard
14.2 Global Personal Emergency Response System/Medical Alert System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koninklijke Philips N.V.
14.3.2 ADT Security Services
14.3.3 Bay Alarm Medical
14.3.4 VRI, Inc.
14.3.5 Life Alert Emergency Response, Inc.
14.3.6 Tunstall
14.3.7 Medical Guardian LLC
14.3.8 AlertOne Services LLC
14.3.9 GreatCall
14.3.10 Rescue Alert
14.3.11 LogicMark
14.3.12 Nortek Security and Control
