The growing demand for personal emergency communication devices will lead to development of more innovative personal care and home monitoring devices. Furthermore, the advancements in technologies will allow the entry of affordable and efficient personal emergency care devices in the market in the coming years. PERS are medical devices that are used by individuals to call for emergency medical help. These innovative devices contact the emergency care services or the user’s family members through a panic button in the form of a pendant or a wristband.
According to IndustryARC analysis, the Global Personal Emergency Responses Systems Market will grow at a CAGR of 5.8% and reach $8.4 Billion by 2020.
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MARKET TRENDS AND MARKET GROWTH:
Regional Brief of the Market:
For the duration of the existence of Personal Emergency Response Systems (PERS) devices in the market, the kind of adaptation among developed regions like Europe and North America is brilliant. The few decades of this existence has been successful in terms of making good revenue for the overall market. North America and Europe regions are active owing to the increased investments into R&D enabling entry of new and innovative PERS solutions into the market.
APAC followed by Europe and North America generated the majority revenue share through the landline based PERS market.
Market Segment Analysis:
Home-based mobile systems segment which is operated through landline telephone is the largest revenue-yielding segment in the PERS market. The highest revenue in the landline-based PERS market was generated in APAC region followed by North America and Europe. Since early 2000s, mobile PERS have been available in the market and are slowly gaining a significant share in the overall PERS revenue. Similarly, standalone PERS devices were under R&D for the last 10 years and have been very recently introduced into the market but are accounted to be doing quite well says market research analysts, IndustryARC.
Table of contents and insights:
REPORT SCOPE: Market Segmentation:
Personal Emergency Response Systems Market is broadly segmented into 3 types based on certain factors given further below. These types are yet sub divided into deeper roots of the market.
1. By Type: Standalone PERS, Landline-Based PERS and Mobile PERS.
2. By End Users: Home-Based Users, Senior Living Facilities and Assisted Living Facilities.
3. By Geography: North America, Europe, APAC and ROW.
Key Market Players:
Some among the many companies studied and analyzed by the experts of Market research, IndustryARC are:
• Alertone Services LLC
• Life Alert Emergency Response, Inc.
• Logicmark, LLC
• Non-Profit PERS Providers
• Mytrex Inc. DBA Rescue Alert
• Lifefone Personal Response Services
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