In-Depth Exploration of the Personal Emergency Response Systems (PERS) Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2031.
Report Ocean has recently released a comprehensive research report on the global Personal Emergency Response Systems (PERS) Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
What is the value of the Global Personal Emergency Response Systems (PERS) Market?
Global Personal Emergency Response Systems (PERS) Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2028.
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What are Personal Emergency Response Systems (PERS) and their primary function?
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.
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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
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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
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This report covers several key questions related to the global Personal Emergency Response Systems (PERS) market, including:
- What can be expected for the Personal Emergency Response Systems (PERS) market in the next decade?
- What are the primary drivers of growth in the global Personal Emergency Response Systems (PERS) market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Personal Emergency Response Systems (PERS) market vary based on the size of the end market?
- What is the breakdown of Personal Emergency Response Systems (PERS) by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Personal Emergency Response Systems (PERS) market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Personal Emergency Response Systems (PERS) Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Personal Emergency Response Systems (PERS) Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Personal Emergency Response Systems (PERS) Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Personal Emergency Response Systems (PERS) Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Personal Emergency Response Systems (PERS) Market.
Our Personal Emergency Response Systems (PERS) Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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