Personal Emergency Response Systems Market

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
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    
    • South Africa
    • Central Africa
    • North Africa
• Company Profiles
  • Koninklijke Philips N.V.*
  • LifeWatch Services, Inc.
  • Tunstall Healthcare
  • ADT LLC
  • Medical Guardian LLC
  • MobileHelp
  • Bay Alarm Company
  • AlertOne Services, LLC.
  • Robert Bosch GmbH
  • GreatCall