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Global Personal Emergency Response Systems (PERS) Market to reach USD XX million by 2028.

Global Personal Emergency Response Systems (PERS) Market Size study, By Type (Mobile PERS, Standalone PERS, Landline PERS), By End-use (Senior Living Facilities, Home-based Users, Assisted Living Facilities, Others), and Regional Forecasts 2022-2028

Product Code: HLSMDE-87628739
Publish Date: 12-07-2022
Page: 200

Global Personal Emergency Response Systems (PERS) Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. 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.

Major market players included in this report are:
Koninklijke Philips N.V.
Life Alert Emergency Response
Connect America
Valued Relationships
Tunstall Healthcare Group
Medical Alarm Company
Electronic Caregiver
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

By End-use
Senior Living Facilities
Home-based Users
Assisted Living Facilities
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Personal Emergency Response Systems (PERS) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Personal Emergency Response Systems (PERS) Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Personal Emergency Response Systems (PERS) Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Personal Emergency Response Systems (PERS) Market, by End Use, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Personal Emergency Response Systems (PERS) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Personal Emergency Response Systems (PERS) Market Dynamics
3.1. Personal Emergency Response Systems (PERS) Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Rising number of geriatric individuals. Increasing penetration of smartphones. Recent strategic initiatives from leading market players.
3.1.2. Market Challenges High deployment cost associated with PERS System. Periodic upgradation and maintenance requirement.
3.1.3. Market Opportunities Growing technological advancements in healthcare sector. Rising per capita healthcare spending across the globe.
Chapter 4. Global Personal Emergency Response Systems (PERS) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Personal Emergency Response Systems (PERS) Market, by Type
6.1. Market Snapshot
6.2. Global Personal Emergency Response Systems (PERS) Market by Type, Performance – Potential Analysis
6.3. Global Personal Emergency Response Systems (PERS) Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Personal Emergency Response Systems (PERS) Market, Sub Segment Analysis
6.4.1. Mobile PERS
6.4.2. Standalone PERS
6.4.3. Landline PERS
Chapter 7. Global Personal Emergency Response Systems (PERS) Market, by End Use
7.1. Market Snapshot
7.2. Global Personal Emergency Response Systems (PERS) Market by End Use, Performance – Potential Analysis
7.3. Global Personal Emergency Response Systems (PERS) Market Estimates & Forecasts by End Use 2018-2028 (USD Million)
7.4. Personal Emergency Response Systems (PERS) Market, Sub Segment Analysis
7.4.1. Senior Living Facilities
7.4.2. Home-based Users
7.4.3. Assisted Living Facilities
7.4.4. Others
Chapter 8. Global Personal Emergency Response Systems (PERS) Market, Regional Analysis
8.1. Personal Emergency Response Systems (PERS) Market, Regional Market Snapshot
8.2. North America Personal Emergency Response Systems (PERS) Market
8.2.1. U.S. Personal Emergency Response Systems (PERS) Market Type estimates & forecasts, 2018-2028 End Use estimates & forecasts, 2018-2028
8.2.2. Canada Personal Emergency Response Systems (PERS) Market
8.3. Europe Personal Emergency Response Systems (PERS) Market Snapshot
8.3.1. U.K. Personal Emergency Response Systems (PERS) Market
8.3.2. Germany Personal Emergency Response Systems (PERS) Market
8.3.3. France Personal Emergency Response Systems (PERS) Market
8.3.4. Spain Personal Emergency Response Systems (PERS) Market
8.3.5. Italy Personal Emergency Response Systems (PERS) Market
8.3.6. Rest of Europe Personal Emergency Response Systems (PERS) Market
8.4. Asia-Pacific Personal Emergency Response Systems (PERS) Market Snapshot
8.4.1. China Personal Emergency Response Systems (PERS) Market
8.4.2. India Personal Emergency Response Systems (PERS) Market
8.4.3. Japan Personal Emergency Response Systems (PERS) Market
8.4.4. Australia Personal Emergency Response Systems (PERS) Market
8.4.5. South Korea Personal Emergency Response Systems (PERS) Market
8.4.6. Rest of Asia Pacific Personal Emergency Response Systems (PERS) Market
8.5. Latin America Personal Emergency Response Systems (PERS) Market Snapshot
8.5.1. Brazil Personal Emergency Response Systems (PERS) Market
8.5.2. Mexico Personal Emergency Response Systems (PERS) Market
8.6. Rest of The World Personal Emergency Response Systems (PERS) Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Koninklijke Philips N.V. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. ADT
9.2.3. Life Alert Emergency Response
9.2.4. Connect America
9.2.5. Valued Relationships
9.2.6. Tunstall Healthcare Group
9.2.7. Medical Alarm Company
9.2.8. Electronic Caregiver
9.2.9. GreatCall
9.2.10. AlertOne Services LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
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