Personal Emergency Response Systems Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Personal Emergency Response Systems (PERS), which is also known as Medical Emergency Response Systems, help people call for help in an emergency by pushing a button. A PERS has three parts: a small radio transmitter, a console connected to your telephone, and an emergency response centre that monitors calls.

Global Personal Emergency Response Systems Market Segments Size & Growth:

Global Personal Emergency Response Systems Market is accounted as USD 6.72 billion in 2017 and expected to grow at a CAGR of 5.85% to reach 10.34 billion by 2024 during the forecast period 2018-2024.

Global Personal Emergency Response Systems Market Segments Share:

Among all the regions, North America has the largest market share for this market. Reimbursement policies and government regulations are playing a major role in the development of the home healthcare sector in North America, which leads to the growth of the PERS market in this region. The Asia Pacific is expected to grow during the forecast period. Growing population, an increase in the demand for home health devices by health-conscious seniors has led the path for the demand of this market. Many initiatives have been taken by governments of different countries of the Global region to attract investors from international companies, which will lead to the growth of global personal emergency response systems market.

By type, the market is segmented by Landline PERS, Mobile PERS, and Standalone PERS. Mobile PERS again subdivided into wireless emergency response system, cellular emergency response system, GPS based emergency response system. Standalone PERS is sub-segmented into transmitters, standalone voice communicator, wandering system, r-cube/v-cube monitoring system. By end-user it is segmented as home-based Users, senior living facilities, assisted living facilities.

Global Personal Emergency Response Systems Market Trends

• Feb 9, 2018, Philips to invest in diagnostic imaging R&D centre of excellence and global customer and service training hub in Cleveland
• Jan 31, 2018, Philips and VPS Healthcare sign a 10-year agreement for Philips’ enterprise-wide Electronic Medical Record solution

Global Personal Emergency Response Systems Market Research Report:

 An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and Global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market

Major Key players are as follows.

• Koninklijke Philips N.V.
• Tunstall Americas
• Valued Relationships, Inc.
• Guardian Alarm
• Alertone Services LLC.