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Pulished Date February, 2020
ID: 5568
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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 (2020 to 2025)

Pulished: February, 2020
ID: 5568
Pages: 175

Global PERS Market Size (2020 to 2025)

As per our analysis report, the size of the global personal emergency response systems (PERS) market was valued at USD 3.88 billion in 2020. The market size is predicted to reach USD 5.05 billion by the end of 2025, registering a CAGR of 5.3% from 2020 to 2025.

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 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.

Medical alert systems have a positive impact by providing the opportunity for action and promoting day or night access to the home care provider of a patient. Healthcare reforms are general rules that are used to address substantial development or improvements to health policy. 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 demand for social care services. However, these traditional systems are simplistic and are of little help in the actual prevention and management of life. 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 a crucial driving factor for the PERS Market to grow. 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. An increase in advanced technology offers better opportunities for the growth of the personal emergency response systems market.

MARKET RESTRAINTS:

However, concern towards the 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 is majorly limiting the growth of the PERS market. 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 the 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

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

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 in the global market, operated through mobile and landline telephone, 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.

PERS Market - By Region:

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

Regionally, The Personal Emergency Response Systems (PERS) Market in North America was valued at USD 1.47 billion in 2020 and is anticipated to grow at a CAGR of 5.12% to reach USD 1.88 billion by 2025. The increasing acquisition of personal emergency response systems and the growing elderly population drives the North American PERS Market. Falls are the most prevalent causes of injury among the elderly. The American Hospital Association has announced that more than one-third of adults aged 65 years 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 European PERS Market follows North America in holding dominant shares of the market during the forecast period. The Europe PERS Market size is valued at USD 1.01 billion in 2020 and is anticipated to rise at a CAGR of 5.54% to reach USD 1.32 billion by 2025. 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 Asia Pacific is predominantly increasing in terms of market share during the forecast period. The Personal emergency response systems market in the Asia Pacific is valued at USD 620 Million in 2020. It is projected to grow at a CAGR of 5.85% to reach USD 830 Million by 2025 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. The presence of a high population is expanding the Asia Pacific's PERS 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 DEVELOPMENTS IN THE PERS INDUSTRY:

  • 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 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                                           

Appendix                                          

               a) List of Tables                

               b) List of Figures              

  • Global, 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 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
  1. Global PERS Market, By Region, From 2020 to 2025 (USD Billion)
  2. Global PERS Market, By Type, From 2020 to 2025 (USD Billion)
  3. Global Mobile-based Market, By Region, From 2020 to 2025 (USD Billion)
  4. Global Landline based Market, By Region, From 2020 to 2025 (USD Billion)
  5. Global Standalone Market, By Region, From 2020 to 2025 (USD Billion)
  6. Global PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  7. Global Home-Based Users Market, By Region, From 2020 to 2025 (USD Billion)
  8. Global Senior Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  9. Global Assisted Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  10. Global Others Market, By Region, From 2020 to 2025 (USD Billion)
  11. North America PERS Market, By Type, From 2020 to 2025 (USD Billion)
  12. North America Mobile-based Market, By Region, From 2020 to 2025 (USD Billion)
  13. North America Landline based Market, By Region, From 2020 to 2025 (USD Billion)
  14. North America Standalone Market, By Region, From 2020 to 2025 (USD Billion)
  15. North America PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  16. North America Home-Based Users Market, By Region, From 2020 to 2025 (USD Billion)
  17. North America Senior Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  18. North America Assisted Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  19. North America Others Market, By Region, From 2020 to 2025 (USD Billion)
  20. United States PERS Market, By Type, From 2020 to 2025 (USD Billion)
  21. United States PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  22. Canada PERS Market, By Type, From 2020 to 2025 (USD Billion)
  23. Canada PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  24. Europe PERS Market, By Type, From 2020 to 2025 (USD Billion)
  25. Europe Mobile-based Market, By Region, From 2020 to 2025 (USD Billion)
  26. Europe Landline based Market, By Region, From 2020 to 2025 (USD Billion)
  27. Europe Standalone Market, By Region, From 2020 to 2025 (USD Billion)
  28. Europe PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  29. Europe Home-Based Users Market, By Region, From 2020 to 2025 (USD Billion)
  30. Europe Senior Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  31. Europe Assisted Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  32. Europe Others Market, By Region, From 2020 to 2025 (USD Billion)
  33. U.K. PERS Market, By Type, From 2020 to 2025 (USD Billion)
  34. U.K. PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  35. Germany PERS Market, By Type, From 2020 to 2025 (USD Billion)
  36. Germany PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  37. France PERS Market, By Type, From 2020 to 2025 (USD Billion)
  38. France PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  39. Italy PERS Market, By Type, From 2020 to 2025 (USD Billion)
  40. Italy PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  41. Spain PERS Market, By Type, From 2020 to 2025 (USD Billion)
  42. Spain PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  43. Asia Pacific PERS Market, By Type, From 2020 to 2025 (USD Billion)
  44. The Asia Pacific Mobile-based Market, By Region, From 2020 to 2025 (USD Billion)
  45. The Asia Pacific Landline based Market, By Region, From 2020 to 2025 (USD Billion)
  46. Asia Pacific Standalone Market, By Region, From 2020 to 2025 (USD Billion)
  47. Asia Pacific PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  48. Asia Pacific Home-Based Users Market, By Region, From 2020 to 2025 (USD Billion)
  49. Asia Pacific Senior Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  50. Asia Pacific Assisted Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  51. Asia Pacific Others Market, By Region, From 2020 to 2025 (USD Billion)
  52. Japan PERS Market, By Type, From 2020 to 2025 (USD Billion)
  53. Japan PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  54. China PERS Market, By Type, From 2020 to 2025 (USD Billion)
  55. China PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  56. India PERS Market, By Type, From 2020 to 2025 (USD Billion)
  57. India PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  58. Australia PERS Market, By Type, From 2020 to 2025 (USD Billion)
  59. Australia PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  60. South Korea PERS Market, By Type, From 2020 to 2025 (USD Billion)
  61. South Korea PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  62. Latin America PERS Market, By Type, From 2020 to 2025 (USD Billion)
  63. Latin America Mobile-based Market, By Region, From 2020 to 2025 (USD Billion)
  64. Latin America Landline based Market, By Region, From 2020 to 2025 (USD Billion)
  65. Latin America Standalone Market, By Region, From 2020 to 2025 (USD Billion)
  66. Latin America PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  67. Latin America Home-Based Users Market, By Region, From 2020 to 2025 (USD Billion)
  68. Latin America Senior Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  69. Latin America Assisted Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  70. Latin America Others Market, By Region, From 2020 to 2025 (USD Billion)
  71. Brazil PERS Market, By Type, From 2020 to 2025 (USD Billion)
  72. Brazil PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  73. Argentina PERS Market, By Type, From 2020 to 2025 (USD Billion)
  74. Argentina PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  75. Mexico PERS Market, By Type, From 2020 to 2025 (USD Billion)
  76. Mexico PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  77. Rest of Latin America PERS Market, By Type, From 2020 to 2025 (USD Billion)
  78. Rest of Latin America PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  79. The Middle East and Africa PERS Market, By Type, From 2020 to 2025 (USD Billion)
  80. The Middle East and Africa Mobile-based Market, By Region, From 2020 to 2025 (USD Billion)
  81. The Middle East and Africa Landline based Market, By Region, From 2020 to 2025 (USD Billion)
  82. The Middle East and Africa Standalone Market, By Region, From 2020 to 2025 (USD Billion)
  83. The Middle East and Africa PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  84. The Middle East and Africa Home-Based Users Market, By Region, From 2020 to 2025 (USD Billion)
  85. The Middle East and Africa Senior Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  86. The Middle East and Africa Assisted Living Facilities Market, By Region, From 2020 to 2025 (USD Billion)
  87. The Middle East and Africa Others Market, By Region, From 2020 to 2025 (USD Billion)
  88. Middle East PERS Market, By Type, From 2020 to 2025 (USD Billion)
  89. Middle East PERS Market, By End-user, From 2020 to 2025 (USD Billion)
  90. Africa PERS Market, By Type, From 2020 to 2025 (USD Billion)
  91. Africa PERS Market, By End-user, From 2020 to 2025 (USD Billion)

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