The size of the Personal emergency response systems market in the Asia Pacific is valued at USD 620 Million in 2020 and projected to be growing at a CAGR of 5.85% to reach USD 830 Million by 2025 during the forecast period.
Personal emergency response systems are the medical devices where individuals call for medical help during an emergency. These devices are very innovative, which contact the emergency care services or the other family members. Other than the use of patients during an emergency, these devices are also used for general purpose, to ensure safety and security when living or traveling alone.
Shift from analog to digital equipment and wired to wireless systems, increased the adoption of personal emergency response system market. This system is also allowing caregivers to send messages and speak directly with patients, thereby saving time and resulting in faster communication between patients, hospital staff, and doctors. It will enable open communication between the patient and others through the central unit, allowing the doctors to affect a proper response where the range of the pendant is generally inside the home and partly outside.
Rising geriatric population, adoption of Personal emergency response systems as a supportive tool for independent living, rapid technological advancements in healthcare wearable, increased penetration of smartphone-based mobile applications, rising awareness towards personal healthcare and monitoring, lack of disease management, progress in communication and connectivity technologies, and mobility benefits are driving the growth of the Asia-Pacific personal emergency response system market. However, lack of awareness and decreasing the use of landlines are restraining the growth of the market.
The Asia Pacific Personal Emergency Response Systems Market segmented and sub-segmented into the following categories.
Based on Type, the mobile PERS segment was the highest contributor to the global market due to the increasing use of smartphones among older people and increasing demand for the best-in-class devices for patients like GPS, wireless, and 3G cellular.
Based on End User, the Home-based users have the most considerable revenue in the global market, which is operated through mobile and landline telephone that as the largest revenue-yielding segment in the PERS market. The assisted living facilities are expected to have the fastest growth rate during the forecast period.
Major Companies leading the Asia Pacific Personal Emergency Response Systems Market Profiled in the Report are ADT Corporation, Life Guardian Technologies LLC, Koninklijke Philips N.V., Tunstall Healthcare Group Ltd, Bay Alarm Medical Company, Philips Electronics N.V, Alert One Services LLC, Medical Guardian LLC
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Mobile based
5.1.2.1 GPS mobile PERS
5.1.2.2 3G cellular emergency response
5.1.2.3 Wireless emergency response system
5.1.3 Landline based
5.1.3.1 Medical alert phones
5.1.4 Standalone
5.1.4.1 Standalone voice communicator
5.1.4.2 V-cube monitoring system
5.1.4.3 Transmitters
5.1.4.4 Wandering system
5.1.4.5 Medical alarm system
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 End-user
5.2.1 Introduction
5.2.2 Home-Based Users
5.2.3 Senior Living Facilities
5.2.4 Assisted Living Facilities
5.2.5 Others
5.2.6 Y-o-Y Growth Analysis, By End-user
5.2.7 Market Attractiveness Analysis, By End-user
5.2.8 Market Share Analysis, By End-user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By End-user
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By End-user
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By End-user
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 ADT Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Life Guardian Technologies LLC
8.3 Koninklijke Philips N.V.
8.4 Tunstall Healthcare Group Ltd.,
8.5 Bay Alarm Medical Company
8.6 Philips Electronics N.V.
8.7 Alert One Services LLC
8.8 Medical Guardian LLC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Related Reports
Apr 2021
