Personal Emergency Response Systems Market Outlook 2027 By End User, Size, Share, Trends, Technology
According to TechSci Research, Global personal emergency response systems market is expected to grow at a significant rate during the forecast period. Rise in preference among the individuals to live independently which has facilitated the adoption of personal emergency response system and is the major driver for the forecast period. Increase of the old age population who with growing age face decline in the immunity levels of the body are more prone to getting affected by various diseases require the assistance of personal emergency response systems. Also, the surge in differently abled people who are unable to constant emergency services by traditional methods use the personal emergency response system in case of emergencies. High penetration of internet services across the globe along with proliferation of smart devices is expected to pave the way for development of mobile application by personal emergency response system service providers thereby boosting the market growth. Emergency centers can locate the patients with the help of GPS technology which is a major advantage in critical situations when patient is unable to communicate the exact location of the incident. Digital transformation and use of advanced technologies such as internet of things and artificial intelligence is contributing to raise significant demand of the personal emergency response system.
Global personal emergency response systems market is segmented into type, end user, regional distribution, and company. On the basis of regional analysis, North America is expected to dominate the market for the next five years. Presence of major market players in the region along with strong economic position of the region is expected to influence the growth of the market. Financial assistance provided by authorities for elderly care and increasing healthcare expenditure are the two significant factors contributing to market growth.
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The major players operating in the global personal emergency response systems market are Koninklijke Philips N.V., LifeWatch Services, Inc., Tunstall Healthcare, ADT LLC, Medical Guardian LLC, Nortek Security & Control Inc., Honeywell international, inc., Bay Alarm Company, Alertone Services LLC, Cisco Systems, Inc, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
- To analyze the historical growth of the market size of global personal emergency response systems market from 2017 to 2020.
- To estimate and forecast the market size of global personal emergency response systems market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global personal emergency response systems market based on type, end user, regional distribution, and company.
- To identify dominant region or segment in the global personal emergency response systems.
- To identify drivers and challenges for global personal emergency response systems market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global personal emergency response systems market.
- To identify and analyze the profile of leading players operating in global personal emergency response systems market.
- To identify key sustainable strategies adopted by market players in global personal emergency response systems market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global personal emergency response systems market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Personal emergency response systems service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to personal emergency response systems market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Type · End User |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia; Brazil, Argentina, Colombia; |
Key companies profiled | Koninklijke Philips N.V., LifeWatch Services, Inc., Tunstall Healthcare, ADT LLC, Medical Guardian LLC, Nortek Security & Control Inc., Honeywell international, inc., Bay Alarm Company, Alertone Services LLC, Cisco Systems, Inc. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global personal emergency response systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
· Global Personal Emergency Response Systems Market, By Type:
- Mobile
- Cellular
- Wireless
- GPS-Based
- Landline
- Standalone
- Transmitters
- R-Cube/ V-Cube
- Wandering System
- Mobile Apps
- Global Personal Emergency Response Systems Market, By End User:
- Hospitals & Clinics
- Home Based User
- Senior Living Systems
- Assisted Living Facilities
- Global Personal Emergency Response Systems Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Australia
o Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
§ Brazil
§ Argentina
§ Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global personal emergency response systems market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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