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Global PERS Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report - Segmented By Type (Mobile Based, Landline Based, Standalone), End User (Home-Based Users, Senior Living Facilities, Assisted Living Facilities, Others), Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 5568
Pages: 175

Global PERS Market Size (2022 to 2027)

As per our analysis report, the size of the global personal emergency response systems (PERS) market was valued at USD 4.09 billion in 2022. The market size is predicted to reach USD 5.29 billion by the end of 2027, registering a CAGR of 5.3% from 2022 to 2027.

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.

Medical alert systems have a positive impact by providing the opportunity for action and promoting day or night access to the home care provider. Healthcare reforms are general rules that are used to address substantial development or improvements to health policy. For example, under the Patient Protection and Affordable Care Act (PPACA), a growing number of people with health insurance coverage will increase demand for services and goods from the healthcare industry, such as drop detectors and medical alert systems.

MARKET DRIVERS:

Increased awareness, self-care, and illness treatment also help people with chronic diseases and disabilities lead healthy and independent lives. The desire to live well with chronic conditions such as dementia and frailty drives the growth of this sector internationally by increasing the demand for social care services. However, these traditional systems are simplistic and are of little help in the actual prevention and management of life. In addition, as the market for personal emergency response systems evolved from the securities market, maturity problems and extreme sales practices that do not bode well for long-term growth have also served as barriers to this market.

Factors such as the rise in the use of various applications available in android and IOS systems are crucial driving factors for the PERS Market to grow. In addition, the growing geriatric population and the increasing prevalence of emergency care services are propelling the demand of the market.

Medical alert systems positively influence providing an opportunity by promoting day and night access to the home care provider. In addition, an increase in advanced technology offers better opportunities for the growth of the personal emergency response systems market.

MARKET RESTRAINTS:

However, concern towards data security, lack of sufficient knowledge over the utilization of systems in rural areas, and high costs subjected to the manufacturing of a personal emergency response system are majorly limiting the growth of the PERS market. In addition, the dearth of skilled technicians in monitoring the systems is a challenging factor for the market players.

Impact of COVID-19 on the global PERS Market:

The Covid 19 is a contagious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The WHO has declared COVID 19 as a Pandemic. The COVID 19 had impacted all the sectors in its own way. Even the global economy got hit negatively during the pandemic. Due to the strict implementation of lockdown, almost all industries got shut down and adversely impacted. In parallel to that, some industries were seen positive growth irrespective of the pandemic. The Personal Emergency Response Systems (PERS) market has been affected negatively during the pandemic. The lockdown led the factories to shut down, and the production of the devices was paused. Moreover, the supply chain system was disturbed due to the lack of transportation mobility which hindered the market. But in parallel to that, post lockdown had led the market to grow instantly. Due to COVID 19, the hospitals are at high risk for older people. All the non-covid patients are looking over the telemedicine with PERS to stay connected with emergency response centers anytime. These are the factors that led the Personal Emergency Response Systems (PERS) market post covid. The market players had tried their best to get the market into profits after the pandemic.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Analysed

By Type, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This research report on the global PERS market has been segmented based on the type, end-user, and region.

PERS Market - By Type:

  • Mobile Based
  • Landline Based
  • Standalone

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 the increasing demand for the best-in-class devices for patients like GPS, wireless, and 3G cellular.

PERS Market - By End User:

  • Home-Based Users
  • Senior Living Facilities
  • Assisted Living Facilities
  • Others

Based on end-user, the Home-based users have the most substantial revenue globally, operated through mobile and landline telephone, the largest revenue-yielding segment in the PERS market. As a result, the assisted living facilities are expected to have the fastest growth rate during the forecast period.

PERS Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, The PERS Market in North America is estimated to lead the global market during the forecast period. The increasing acquisition of personal emergency response systems and the growing elderly population drive the North American PERS Market. Falls are the most prevalent cause of injury among the elderly. The American Hospital Association has announced that more than one-third of adults aged 65 and above suffer from a fall each year, leading to several other chronic and severe concerns for older people. The U.S PERS market is likely to have the highest share in the global 2019 and is estimated to rise with a CAGR of 4.51% during the forecast period. The rise in chronic and technological advancements in healthcare industries is boosting the market. For instance, the Centers for Disease Control and Prevention (CDC) has stated that, in 2017, more than 50% of all adults in the US have one or two chronic diseases, and 25% suffer from two or more chronic diseases. The Canadian market is expected to lead the North American PERS market over the forecast period.

The PERS Market in Europe follows North America in holding dominant shares of the market during the forecast period. The rise in smartphones or wireless phones and the increase in technological advancements are driving the European market. Moreover, the growing chronic diseases are boosting the market. For instance, according to the Swedish Agency for Health and Care Services Analysis, in 2014, almost 50 million adults are suffering from multiple chronic diseases in Europe, in case of Sweden, about 44% of the population have one chronic disease, and 25% population have two or more. The growing awareness and favorable reimbursement policies in the countries are propelling the European PERS Market.

The PERS market in the Asia Pacific is predominantly increasing in terms of market share during the forecast period. The increasing awareness among the people about the PERS and the rise in technological advancements drive the market. Moreover, the rising economy in countries like India, China, and Japan is boosting the market. The easy government policies are attracting pharmaceutical companies to invest in the Asia Pacific. In addition, the presence of a high population is expanding the Asia Pacific's PERS Market.

The PERS market in Latin America is driven by various factors like the popularity of home healthcare, a high number of chronic/ acute diseases, increasing average life expectancy, and growing public and private sector participation in healthcare services. Improving healthcare infrastructure, widespread adoption of smart devices, and easy availability of personal emergency response devices are playing a critical role in the growth of the market.

The PERS market in MEA is expected to be driven by the prevalence of chronic diseases such as dementia, cardiovascular diseases, and other illness among people across the region. Also, the growing geriatric population is significantly influencing the demand for the MEA PERS market 

In addition, the technological advancement for developing various devices and techniques with innovative devices, the growing application, and the benefits associated with the PERS are increasing the demand for the systems in the market. 

KEY MARKET PARTICIPANTS:

The list of significant players playing a dominating role in the Global PERS Market profiled in this report is 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.

RECENT MARKET DEVELOPMENTS:

  • In December 2019, a new wireless revolutionary nurse call system was introduced by Tunstall Healthcare, which has already supported many patients across Europe. It is designed to deliver effective patient care.
  • On October 17, 2019, I-View, a video alarm service, was acquired by ADT. It is the right home provider that serves residential and business customers. I-View is used to decrease false alarms and make the most effective use of significant emergency services reactions.

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 North America                          

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France       

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China         

                              6.3.3 India          

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea            

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 the Middle East & Africa               

                              6.5.1 Introduction           

                              6.5.2 Middle-East            

                              6.5.3 Africa        

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                                           

11. Appendix                                          

               a) List of Tables                

               b) List of Figures              

  1. Global PERS Market, By Region, From 2022 to 2027 (USD Billion)
  2. Global PERS Market, By Type, From 2022 to 2027 (USD Billion)
  3. Global Mobile-based Market, By Region, From 2022 to 2027 (USD Billion)
  4. Global Landline based Market, By Region, From 2022 to 2027 (USD Billion)
  5. Global Standalone Market, By Region, From 2022 to 2027 (USD Billion)
  6. Global PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  7. Global Home-Based Users Market, By Region, From 2022 to 2027 (USD Billion)
  8. Global Senior Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  9. Global Assisted Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  10. Global Others Market, By Region, From 2022 to 2027 (USD Billion)
  11. North America PERS Market, By Type, From 2022 to 2027 (USD Billion)
  12. North America Mobile-based Market, By Region, From 2022 to 2027 (USD Billion)
  13. North America Landline based Market, By Region, From 2022 to 2027 (USD Billion)
  14. North America Standalone Market, By Region, From 2022 to 2027 (USD Billion)
  15. North America PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  16. North America Home-Based Users Market, By Region, From 2022 to 2027 (USD Billion)
  17. North America Senior Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  18. North America Assisted Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  19. North America Others Market, By Region, From 2022 to 2027 (USD Billion)
  20. United States PERS Market, By Type, From 2022 to 2027 (USD Billion)
  21. United States PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  22. Canada PERS Market, By Type, From 2022 to 2027 (USD Billion)
  23. Canada PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  24. Europe PERS Market, By Type, From 2022 to 2027 (USD Billion)
  25. Europe Mobile-based Market, By Region, From 2022 to 2027 (USD Billion)
  26. Europe Landline based Market, By Region, From 2022 to 2027 (USD Billion)
  27. Europe Standalone Market, By Region, From 2022 to 2027 (USD Billion)
  28. Europe PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  29. Europe Home-Based Users Market, By Region, From 2022 to 2027 (USD Billion)
  30. Europe Senior Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  31. Europe Assisted Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  32. Europe Others Market, By Region, From 2022 to 2027 (USD Billion)
  33. U.K. PERS Market, By Type, From 2022 to 2027 (USD Billion)
  34. U.K. PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  35. Germany PERS Market, By Type, From 2022 to 2027 (USD Billion)
  36. Germany PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  37. France PERS Market, By Type, From 2022 to 2027 (USD Billion)
  38. France PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  39. Italy PERS Market, By Type, From 2022 to 2027 (USD Billion)
  40. Italy PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  41. Spain PERS Market, By Type, From 2022 to 2027 (USD Billion)
  42. Spain PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  43. Asia Pacific PERS Market, By Type, From 2022 to 2027 (USD Billion)
  44. The Asia Pacific Mobile-based Market, By Region, From 2022 to 2027 (USD Billion)
  45. The Asia Pacific Landline based Market, By Region, From 2022 to 2027 (USD Billion)
  46. Asia Pacific Standalone Market, By Region, From 2022 to 2027 (USD Billion)
  47. Asia Pacific PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  48. Asia Pacific Home-Based Users Market, By Region, From 2022 to 2027 (USD Billion)
  49. Asia Pacific Senior Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  50. Asia Pacific Assisted Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  51. Asia Pacific Others Market, By Region, From 2022 to 2027 (USD Billion)
  52. Japan PERS Market, By Type, From 2022 to 2027 (USD Billion)
  53. Japan PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  54. China PERS Market, By Type, From 2022 to 2027 (USD Billion)
  55. China PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  56. India PERS Market, By Type, From 2022 to 2027 (USD Billion)
  57. India PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  58. Australia PERS Market, By Type, From 2022 to 2027 (USD Billion)
  59. Australia PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  60. South Korea PERS Market, By Type, From 2022 to 2027 (USD Billion)
  61. South Korea PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  62. Latin America PERS Market, By Type, From 2022 to 2027 (USD Billion)
  63. Latin America Mobile-based Market, By Region, From 2022 to 2027 (USD Billion)
  64. Latin America Landline based Market, By Region, From 2022 to 2027 (USD Billion)
  65. Latin America Standalone Market, By Region, From 2022 to 2027 (USD Billion)
  66. Latin America PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  67. Latin America Home-Based Users Market, By Region, From 2022 to 2027 (USD Billion)
  68. Latin America Senior Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  69. Latin America Assisted Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  70. Latin America Others Market, By Region, From 2022 to 2027 (USD Billion)
  71. Brazil PERS Market, By Type, From 2022 to 2027 (USD Billion)
  72. Brazil PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  73. Argentina PERS Market, By Type, From 2022 to 2027 (USD Billion)
  74. Argentina PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  75. Mexico PERS Market, By Type, From 2022 to 2027 (USD Billion)
  76. Mexico PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  77. Rest of Latin America PERS Market, By Type, From 2022 to 2027 (USD Billion)
  78. Rest of Latin America PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  79. The Middle East and Africa PERS Market, By Type, From 2022 to 2027 (USD Billion)
  80. The Middle East and Africa Mobile-based Market, By Region, From 2022 to 2027 (USD Billion)
  81. The Middle East and Africa Landline based Market, By Region, From 2022 to 2027 (USD Billion)
  82. The Middle East and Africa Standalone Market, By Region, From 2022 to 2027 (USD Billion)
  83. The Middle East and Africa PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  84. The Middle East and Africa Home-Based Users Market, By Region, From 2022 to 2027 (USD Billion)
  85. The Middle East and Africa Senior Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  86. The Middle East and Africa Assisted Living Facilities Market, By Region, From 2022 to 2027 (USD Billion)
  87. The Middle East and Africa Others Market, By Region, From 2022 to 2027 (USD Billion)
  88. Middle East PERS Market, By Type, From 2022 to 2027 (USD Billion)
  89. Middle East PERS Market, By End-user, From 2022 to 2027 (USD Billion)
  90. Africa PERS Market, By Type, From 2022 to 2027 (USD Billion)
  91. Africa PERS Market, By End-user, From 2022 to 2027 (USD Billion)

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FAQ's

How big is the PERS market?

The size of the global PERS market is predicted to be worth USD 5.29 Billion by 2027.

Which region is estimated to lead the global PERS market?

North America region is estimated to lead the global PERS market.

Which segment by end user has the major market share during the forecast period?

By End user, the Home-Based users has the major market share in terms of revenue of the global PERS market during the forecast period.

Who are the key market players of the global PERS market?

Major players dominating the global PERS Market profiled in this report is 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.,

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