The size of the Personal emergency response systems market in the Asia Pacific is valued at USD 656.27 Million in 2022 and is projected to be growing at a CAGR of 5.85% to reach USD 872.04 Million by 2027 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 purposes, to ensure safety and security when living or traveling alone.
The demand for APAC personal emergency response systems market is increasing due to the increase in the growing population with the increase in the rising geriatric population in the region. Also, an increase in technological advancement for developing innovative and efficient devices for the people as these devices are used to call requests for help in an emergency or critical situation drives the growth of the Asia Pacific personal emergency response systems market.
In addition, an increase in the rising awareness about self-care and personal health- care monitoring systems available in the market and increase in the preferences towards going digital and smartphone based mobile applications are gaining more popularity in android and IOS systems are increasing the market growth.
Growing government initiatives for developing well-equipped, advanced medical and healthcare services as well as infrastructure for the patients and other people also the lack of disease management will help in propelling the market growth. on the other hand, the increase in the competition between the players for intruding new products with advanced facilities and features such as home security, disease management, and home automation will also help in increasing the growth of APAC personal emergency response systems market.
Furthermore, an increase in the growing application associated with the personal emergency response systems as well as an increase in the prevalence of chronic diseases among people will propel the demand for emergency response systems in the market.
However, the lack of awareness among the people about the usage and benefits of personal emergency response systems is majorly restraining the growth of the market. Also, the lack of skilled and trained individuals for operating and monitoring the systems is hampering the growth of the market.
In addition, the concerns and issues related to the data security in personal emergency response systems with the high costs associated with PERS for manufacturing and installing them are affecting the growth of the APAC personal emergency response systems market.
The Asia Pacific Personal Emergency Response Systems Market is segmented and sub-segmented into the following categories.
Senior Living Facilities
Assisted Living Facilities
Rest of APAC.
Geographically, the Asia Pacific personal emergency response systems market is the third-largest growing market globally. In the forecasted period, it market is estimated to have significant growth in the market share due to the rising elderly people population in the region which is because of increasing growing population such that India and China hold the largest population in the region and Japan holds the largest population of elderly growing population which will drive the demand for APAC personal emergency response systems market.
India and China have seen an increase in the market due to an increase in the developing focus towards technological advancement for developing various techniques and devices. Also, an increase in the growing awareness towards going digital, as well as the rising usage of a smartphone or wireless devices, is increasing the growth of the market.
Japan, on the other hand, has also seen a boost in the market growth is increasing because of growing government initiatives with rising investment from government and non-government firms in research and development activities are uplifting the growth of the Asia pacific personal emergency response systems market.
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
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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
5.1.2 Mobile based
184.108.40.206 GPS mobile PERS
220.127.116.11 3G cellular emergency response
18.104.22.168 Wireless emergency response system
5.1.3 Landline based
22.214.171.124 Medical alert phones
126.96.36.199 Standalone voice communicator
188.8.131.52 V-cube monitoring system
184.108.40.206 Wandering system
220.127.116.11 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
5.2.2 Home-Based Users
5.2.3 Senior Living Facilities
5.2.4 Assisted Living Facilities
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
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By End-user
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By End-user
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By End-user
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
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
8.1.2 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
a) List of Tables
b) List of Figures
Asia Pacific PERS Market, By Type, From 2022 - 2027 (USD Billion)
Asia Pacific Mobile based Market, By Region, From 2022 - 2027 (USD Billion)
Asia Pacific Landline based Market, By Region, From 2022 - 2027 (USD Billion)
Asia Pacific Standalone Market, By Region, From 2022 - 2027 (USD Billion)
Asia Pacific PERS Market, By End-user, From 2022 - 2027 (USD Billion)
Asia Pacific Home-Based Users Market, By Region, From 2022 - 2027 (USD Billion)
Asia Pacific Senior Living Facilities Market, By Region, From 2022 - 2027 (USD Billion)
Asia Pacific Assisted Living Facilities Market, By Region, From 2022 - 2027 (USD Billion)
Asia Pacific Others Market, By Region, From 2022 - 2027 (USD Billion)
Japan PERS Market, By Type, From 2022 - 2027 (USD Billion)
Japan PERS Market, By End-user, From 2022 - 2027 (USD Billion)
China PERS Market, By Type, From 2022 - 2027 (USD Billion)
China PERS Market, By End-user, From 2022 - 2027 (USD Billion)
India PERS Market, By Type, From 2022 - 2027 (USD Billion)
India PERS Market, By End-user, From 2022 - 2027 (USD Billion)
Australia PERS Market, By Type, From 2022 - 2027 (USD Billion)
Australia PERS Market, By End-user, From 2022 - 2027 (USD Billion)
South Korea PERS Market, By Type, From 2022 - 2027 (USD Billion)
South Korea PERS Market, By End-user, From 2022 - 2027 (USD Billion)
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