Personal Emergency Response Systems (PERS) Market Highlights
personal emergency response systems market size spans across North America, Europe, Asia-Pacific, the rest of the world.
Personal emergency response systems (PERS) are devices that are let elderly or disabled individuals call for immediate assistance in case of emergencies. These devices are designed as wristbands or neck pendants and are equipped with transmitters to alert the emergency helplines in case any help is required. When alerted, the transmitter sends the signal to an emergency operator that responds by promptly sending help to an individual’s location. Based on the severity of the situation, the operator decides whether to send an ambulance to the location or call the designated guardian. Increasing geriatric population along with policies to increase the quality of home healthcare to support independent living has led to innovation in healthcare services. Moreover, with the proliferation of IoT and similar connected technologies, the personal emergency response systems market size has witnessed remarkable growth. However, risks concerned with data security of individuals is a major factor limiting the adoption of PERS.
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Personal Emergency Response Systems (PERS) Market Key Players
The Key Players of the Global Personal Emergency Response Systems (PERS) Market are ALERTONE SERVICES LLC (US), Cisco Systems, Inc. (US), Nortek Security and Control (US), VRI (US), Honeywell International Inc. (US), Tunstall (UK), Robert Bosch GmbH (Germany), GreatCall Inc. (US), Koninklijke Philips NV (Netherlands), and ADT (US). These companies are continuously expanding their geographic reach by partnering with local and regional vendors as well as focusing on developing advanced personal emergency response systems that complement the changing lifestyles of individuals.
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Global Personal Emergency Response Systems (PERS) Market: Segmentation
Global Personal Emergency Response Systems (PERS) Market has been segmented based on type, end-user, and region. Based on type, the global market has been segmented into landline personal emergency response systems, mobile personal emergency response systems, and standalone personal emergency response systems. Among these, the mobile personal emergency response system segment dominated the global personal emergency response system market in 2019; it is estimated to maintain its dominance throughout the forecast period. On the other hand, the standalone personal emergency response system is expected to register the highest CAGR of 7.7% during the study period, 2020–2025. The mobile personal emergency response systems segment has been further segmented into cellular emergency response systems, wireless emergency response systems, and GPS-based emergency response systems. Whereas, the standalone personal emergency response system has been segmented into transmitters, standalone voice communicator, wandering system, and R-cube/V-cube monitoring system. Based on end user, the global Personal Emergency Response Systems (PERS) Market has been segmented into home-based users, senior living facilities, and assisted living facilities. Among these, the home-based user segment dominated the market in 2018; it is expected to maintain its dominance throughout the forecast period.
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Personal Emergency Response Systems (PERS) Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market and dominate the global market share of automatic gate and door opening market. Whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The growth in North America is majorly driven by U.S. The major growth in Personal Emergency Response Systems (PERS) market in North America is attributed to technological advancements and increasing demand for industrial automation in that region. Growing technological advancements and urbanization in the region are other factors fueling the growth of Personal Emergency Response Systems (PERS). Also growing demand for digital technologies is another major factor driving the growth of Personal Emergency Response Systems (PERS) Market in the region.
