Global Personal Emergency Response System Market, By Type (Landline PERS, Mobile PERS and Standalone PERS), End User (Home-based Users, Senior Living Facilities and Assisted Living Facilities), Component (Software and Hardware), Services (Monthly and Yearly) and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Personal Emergency Response System Market
The personal emergency response system market is expected to witness market growth at a rate of 6.35% in the forecast period of 2021 to 2028. Data Bridge Market Research report on personal emergency response system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the elderly population worldwide is escalating the growth of personal emergency response system market.
A personal emergency response system is known to be an electronic device that permits a person to take a secure help in an emergency. The is system is connected with other devices like cell phone or alarm and are automated to signal a response centre upon the stimulation of ‘help’ or a ‘push’ button.
Major factors that are expected to boost the growth of the personal emergency response system market in the forecast period are the rise in the participation of smartphones in the healthcare industry. Furthermore, the enhancement in the healthcare infrastructure is further anticipated to propel the growth of the personal emergency response system market. Moreover, the growing acceptance of life-saving and tracking systems by hospitals and general public in the pandemic and post-pandemic situations which is further estimated to cushion the growth of the personal emergency response system market. On the other hand, lack of awareness regarding the technologies that are utilized in personal emergency response system is further projected to impede the growth of the personal emergency response system market in the timeline period.
In addition, the rise in the life expectancy will further provide potential opportunities for the growth of the personal emergency response system market in the coming years. However, the rise in the price regarding the manufacturing of personal emergency response system which might further challenge the growth of the personal emergency response system market in the near future.
This personal emergency response system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the personal emergency response system market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Personal Emergency Response System Market Scope and Market Size
The personal emergency response system market is segmented on the basis of type, end user, component and services. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the personal emergency response system market has been segmented into landline PERS, mobile PERS and standalone PERS. Mobile PERS is further sub segmented into wireless emergency response system, cellular emergency response system and GPS-based emergency response system. Standalone PERS is further sub segmented into Transmitters, Standalone Voice Communicator, Wandering System and R- cube or V-cube monitoring system.
- On the basis of end user, the personal emergency response system market has been segmented into home-based users, senior living facilities and assisted living facilities.
- On the basis of component, the personal emergency response system market has been segmented into software and hardware. Hardware is further sub segmented into rented and owned.
- On the basis of services, the personal emergency response system market has been segmented into monthly and yearly.
Personal Emergency Response System Market Country Level Analysis
The personal emergency response system market is analyzed, and market size, volume information is provided by country, type, end user, component and services as referenced above.
The countries covered in the personal emergency response system market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the personal emergency response system market due to the rise in the incidence of chronic diseases. Furthermore, the growing number of injuries from fall will further boost the growth of the personal emergency response system market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the personal emergency response system market due to the healthcare reforms assumed by the governments. Moreover, the rise in the healthcare awareness and growing per capita expenditure on healthcare is further anticipated to propel the growth of the personal emergency response system market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Personal Emergency Response System Market Share Analysis
The personal emergency response system market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the personal emergency response system market.
The major players covered in the personal emergency response system market report are Koninklijke Philips N.V., Tunstall Canada., VIPASSANA RESEARCH INSTITUTE, Guardian Alarm, AlertONE SERVICES Inc., Connect America., ADT, Medical Guardian, LLP., MobileHelp, Nortek Control, Galaxy Medical Alert Systems., Critical Signal Technologies, Mytrex, Inc., LifeFone Medical Alert Services., Bay Alarm Company., VitalConnect., Cisco Systems, Inc., Honeywell International Inc., GreatCall and Essence Global Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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