The global market for Personal Emergency Response Systems (PERS) estimated at USD 8.76 Billion in the year 2022, is expected to reach a revised size of USD 14.94 Billion by 2030, growing at a CAGR of 6.9% over the forecast period 2023-2030 

Personal Emergency Response Systems (PERS) is a convenient, simple, and efficient way to call for help in an emergency. One can seek help just by activating the device with the push of a button, PERS provides a level of comfort for seniors and also for family living at a distance. The PERS simply works by alerting all appropriate emergency channels after its activation. The response is quick and hence there's no delay in help. As a result, these simple and convenient devices proved to be very useful and occasionally a true life-saver. These devices are certainly designed for recipients who are at high risk of institutionalization and need help in an emergency. PERS services are for people of age 14 and older, who live alone or are alone for significant parts of the day and who would require extensive routine supervision.

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The Report Will Include A Major Chapter

·         Patent Analysis

·         Regulatory Framework

·         Technology Roadmap

·         BCG Matrix

·         Heat Map Analysis

·         Price Trend Analysis

·         Investment Analysis

Market Dynamics and Factors:  

Personal Emergency Response Systems are specifically developed for older adults who are left alone for a particular time of the day as they have a higher risk of falling as they age, and hence, the rise in the number of old people is certainly the reason behind the greater demand for such alert systems.

Recent Studies have concluded that around 30% of people who are over the age of 65 fall every year, and more than 50% of people over the age of 80 fall every year. People at this age usually have some kind of disease such as Parkinson’s, Alzheimer’s, epilepsy, multiple sclerosis, muscular dystrophy, Amyotrophic Lateral Sclerosis, muscle-weakening neurological diseases, and diabetes. Such disorder creates an even greater risk if they stay alone.

Scope of the Report:

Overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Personal Emergency Response System Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Personal Emergency Response System Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Top Key Players Covered In The Personal Emergency Response System Market:

Koninklijke Philips N.V. (Netherlands),Honeywell International Inc (US),Life Alert Emergency Response Inc. (US),AlertONE Service Inc. (US),MedicAlert Foundation (US),ADT Security Services Inc. (US),Bay Alarm Medical (US),Shenzhen Giftshine Technology Co. Ltd. (China),Nortek Security & Control LLC (US),Galaxy Medical Alert Systems Ltd. (Canada),Medical Guardian LLP (US),Rope Innovation Co. Ltd. (China),Electronic Caregiver Inc. (US),Ningbo Hi-Tech Park Jabo Electronics Co. Ltd (China),Vanguard Wireless (Australia),Tynetec Ltd. (UK) and Other Major Players

Key Industry Development:

In November 2022, MedScope Limited, a leading provider of full-service, customizable personal emergency response systems (PERS) services, announced the release of its new product Mini Lite, a medical alert device. This new wearable device is the lightest and smallest PERS device on the market weighing less than an ounce. The new Mini Lite is designed for comfort with a sleek and shower-proof design and it is also equipped with the option of advanced fall-detection technology to help care managers better serve their members.

In June 2021, Medical Guardian, a leader in connected care and personal emergency response systems provider announced its collaboration with BLACK+DECKER to support the new goViaTM collection of personal emergency response systems (PERS) that are specially designed to promote confident mobility for active older Americans. The goVia product line is the first product category for BLACK+DECKER Health dedicated to providing innovative consumer health and wellness solutions.

In May 2020, NationsBenefits LLC., a leading supplemental benefits company, announced an Exclusive Partnership with ADT, a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States. The partnership will help the company in expanding its offering to include Personal Emergency Response Services (PERS) for Medicare Advantage (MA) and Part D Plans for the plan year 2021.

Personal Emergency Response System Market Segmentation:

In November 2022, MedScope Limited, a leading provider of full-service, customizable personal emergency response systems (PERS) services, announced the release of its new product Mini Lite, a medical alert device. This new wearable device is the lightest and smallest PERS device on the market weighing less than an ounce. The new Mini Lite is designed for comfort with a sleek and shower-proof design and it is also equipped with the option of advanced fall-detection technology to help care managers better serve their members.

In June 2021, Medical Guardian, a leader in connected care and personal emergency response systems provider announced its collaboration with BLACK+DECKER to support the new goViaTM collection of personal emergency response systems (PERS) that are specially designed to promote confident mobility for active older Americans. The goVia product line is the first product category for BLACK+DECKER Health dedicated to providing innovative consumer health and wellness solutions.

In May 2020, NationsBenefits LLC., a leading supplemental benefits company, announced an Exclusive Partnership with ADT, a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States. The partnership will help the company in expanding its offering to include Personal Emergency Response Services (PERS) for Medicare Advantage (MA) and Part D Plans for the plan year 2021.

For this report, Introspective Market Research has segmented the Personal Emergency Response System Market based on region:

§  North America (U.S., Canada, Mexico)

§  Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

§  Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

§  Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

§  Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

§  South America (Brazil, Argentina, Rest of SA)

Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Personal Emergency Response System (PERS) Market by Type
 5.1 Personal Emergency Response System (PERS) Market Overview Snapshot and Growth Engine
 5.2 Personal Emergency Response System (PERS) Market Overview
 5.3 Standalone PERS
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Standalone PERS: Geographic Segmentation
 5.4 Landline PERS
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Landline PERS: Geographic Segmentation
 5.5 Mobile PERS
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Mobile PERS: Geographic Segmentation

Chapter 6: Personal Emergency Response System (PERS) Market by End-User

To be continue………

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