The size of the Europe PERS Market is valued at USD 1.07 billion in 2021 and is expected to grow at a CAGR of 5.54% to reach USD 1.40 billion by 2026 during the forecast period.
Personal emergency response systems (PERS) are medical devices where individuals call for medical help during an emergency. These devices are exceptionally innovative, which contact the emergency care services or the other family members. Other than patients' use during an emergency, these devices are also used for general-purpose to ensure safety and security when living or traveling alone.
The adoption of personal emergency response systems as a supportive tool for independent living, rapid technological advancements in healthcare wearables are driving the Europe personal emergency response systems market.
In addition, increased penetration of smartphone-based mobile applications, rising awareness towards personal healthcare and monitoring, lack of disease management, improvement in communication and connectivity technologies, and mobility benefits are fuelling the European personal emergency response system market.
People with chronic diseases and impairments can also live healthy and independent lives with better awareness, self-care, and sickness treatment. The desire to live well with chronic diseases such as dementia and frailty, on the other hand, drives this sector's growth through increasing demand for social care services. Yet, on the other hand, these conventional approaches are simplistic and provide little assistance in the actual prevention and management of life.
The growth of the personal emergency response system market is being fueled by factors such as the increased use of various applications accessible on Android and IOS systems. Furthermore, the market's demand is being fueled by the growing elderly population and the rising incidence of emergency care services.
Medical alert systems affect the provision of an opportunity by allowing access to the home care provider at all hours of the day and night. Furthermore, as advanced technology increases, the European personal emergency response systems market will have more potential to grow. Rising awareness and appealing reimbursement schemes are positively influencing the personal emergency response system market.
However, The personal emergency response system market's growth is being stifled by a lack of awareness and a decline in the use of landlines.
Europe PERS Market is segmented and sub-segmented into the following categories.
-By End User:
Senior Living Facilities
Assisted Living Facilities, Others
Rest of Europe
During the projected period, the European personal emergency response system market is expected to have a predominant market share. The regional market is being driven by the rise of smartphones or wireless phones and technological improvements. Furthermore, the market for personal emergency response systems in this region is rising due to the growth in chronic diseases.
According to the Swedish Agency for Health and Care Services Analysis, almost 50 million people in Europe suffer from numerous chronic diseases; in Sweden, approximately 44 percent of the population has one chronic disease, and 25 percent has two or more chronic diseases. As a result, the European personal emergency response system market is being propelled by rising awareness and attractive reimbursement policies in countries.
Companies are offering discounts and producing cost-effective items to enhance sales. The European personal emergency response systems market is the second most lucrative. Smartphone-based applications and wearable devices are becoming more popular among Europe's aging population. The region has 11.2 percent of the world's population suffering from neurological illnesses. More than 20 percent of the population in countries like Germany, the United Kingdom, Italy, and France is 65 or older, and this number is growing rapidly.
Germany held the leading share in the personal emergency response system market. Germany is expected to expand at a CAGR of around 6.6 percent in Europe. The significant market growth is driven by the availability of high prevalence of chronic diseases, increasing healthcare spending, and a well-established healthcare sector. In addition, technological advancements in the healthcare sector, growing awareness about smartphone-based applications, and favorable reimbursement policies are fuelling the growth of the Europe Personal Emergency Response System (PERS) market.
Some of the Top Companies dominating the Europe PERS 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
18.104.22.168 GPS mobile PERS
22.214.171.124 3G cellular emergency response
126.96.36.199 Wireless emergency response system
5.1.3 Landline based
188.8.131.52 Medical alert phones
184.108.40.206 Standalone voice communicator
220.127.116.11 V-cube monitoring system
18.104.22.168 Wandering system
22.214.171.124 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
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By End-user
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By End-user
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By End-user
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
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
The segment-level analysis in terms of product type, End-user along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Europe PERS Market, By Type, From 2021 to 2026 (USD Billion)
Europe Mobile-based Market, By Region, From 2021 to 2026 (USD Billion)
Europe Landline based Market, By Region, From 2021 to 2026 (USD Billion)
Europe Standalone Market, By Region, From 2021 to 2026 (USD Billion)
Europe PERS Market, By End-user, From 2021 to 2026 (USD Billion)
Europe Home-Based Users Market, By Region, From 2021 to 2026 (USD Billion)
Europe Senior Living Facilities Market, By Region, From 2021 to 2026 (USD Billion)
Europe Assisted Living Facilities Market, By Region, From 2021 to 2026 (USD Billion)
Europe Others Market, By Region, From 2021 to 2026 (USD Billion)
U.K. PERS Market, By Type, From 2021 to 2026 (USD Billion)
U.K. PERS Market, By End-user, From 2021 to 2026 (USD Billion)
Germany PERS Market, By Type, From 2021 to 2026 (USD Billion)
Germany PERS Market, By End-user, From 2021 to 2026 (USD Billion)
France PERS Market, By Type, From 2021 to 2026 (USD Billion)
France PERS Market, By End-user, From 2021 to 2026 (USD Billion)
Italy PERS Market, By Type, From 2021 to 2026 (USD Billion)
Italy PERS Market, By End-user, From 2021 to 2026 (USD Billion)
Spain PERS Market, By Type, From 2021 to 2026 (USD Billion)
Spain PERS Market, By End-user, From 2021 to 2026 (USD Billion)