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Pulished Date April, 2021
ID: 5569
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North America PERS Market Research Report - Segmented By Type , End User & Country (the United States, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, Forecast, Growth | 2021 to 2026

Pulished: April, 2021
ID: 5569
Pages: 145

North America PERS Market Size (2021 to 2026)

The Size of the Personal Emergency Response Systems (PERS) Market in North America is valued at USD 1.55 billion in 2021. It is estimated to be growing at a CAGR of 5.12% to reach USD 1.98 billion by 2026 during the forecast period.

Personal emergency response systems are the 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 the general purpose of ensuring safety and security when living or traveling alone.

Shift from analog to digital equipment, and wired to wireless systems, increased personal emergency response system market adoption. This system also allows caregivers to send messages and speak directly with patients, thereby saving time and faster communication between patients, hospital staff, and doctors. It will enable open dialogue between the patient and others through the central unit, allowing the doctors to affect a proper response where the pendant's range 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, improvement in communication and connectivity technologies, and mobility benefits are driving the growth of the North America personal emergency response system market. However, lack of awareness and decreasing the use of landlines are restraining the development of the market.

North American Personal Emergency Response Systems Market segmented and sub-segmented into the following categories.

  • By Type: Mobile Based, Landline Based, Standalone.
  • By End-User:  Home-Based Users, Senior Living Facilities, Assisted Living Facilities, Others.
  • By Country: the United States, Canada & Rest of North America.

Regionally, North America is projected to cover the largest share in the global PERS market. The PERS in North America is expected to dominate the market due to the increasing acquisition of personal emergency response systems, growing elder people population, which propels the market growth of this region over the review period.

U.S PERS market is likely to have the largest share in the global 2019 and is predicted to grow with a CAGR of 4.51% during the analysis period. The growth of this country is attributed to low operational complexity and high reliability. Advance technologies in the healthcare industry and advancing healthcare infrastructure.

The Canadian market is expected to be leading the North American personal emergency response market over the forecast period after the United States due to the advancements in healthcare infrastructure and the growing occurrence rate of chronic diseases amidst the population, which fuels the PERS market growth during the historical period. Rising elder people population incorporated with increasing awareness among the consumers is expected to boost this region's market growth.

Some of the Prominent Companies dominating the North America 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 United States                            

               6.3 Canada                        

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              

  • 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 to also identify the regions that are still untapped
  • Segment-level analysis in terms of product type, End useralong 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

 

  1. North America PERS Market By Type, From 2021 to 2026 (USD Billion)
  2. North America Mobile based Market By Region, From 2021 to 2026 (USD Billion)
  3. North America Landline based Market By Region, From 2021 to 2026 (USD Billion)
  4. North America Standalone Market By Region, From 2021 to 2026 (USD Billion)
  5. North America PERS Market By End-user, From 2021 to 2026 (USD Billion)
  6. North America Home-Based Users Market By Region, From 2021 to 2026 (USD Billion)
  7. North America Senior Living Facilities Market By Region, From 2021 to 2026 (USD Billion)
  8. North America Assisted Living Facilities Market By Region, From 2021 to 2026 (USD Billion)
  9. North America Others Market By Region, From 2021 to 2026 (USD Billion)
  10. United States PERS Market By Type, From 2021 to 2026 (USD Billion)
  11. United States PERS Market By End-user, From 2021 to 2026 (USD Billion)
  12. Canada PERS Market By Type, From 2021 to 2026 (USD Billion)
  13. Canada PERS Market By End-user, From 2021 to 2026 (USD Billion)v

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