About Personal Emergency Response System
The personal emergency response system is the technology that helps in an emergency situation by pushing a button on it, it consist of some components like a radio transmitter, a console connected to the mobile which sends the signal, and a monitoring system. The system is a lightweight, battery-powered device that can be worn around the neck, or it can be a wrist band, on a belt, and also can be kept in the pocket. The PERS is programmed to the telephones of the emergency response center, where center finds out the nature of the emergency and acts accordingly.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vector Security, Inc. (United States), Koninklijke Philips N.V. (Netherlands), VESAG Health Inc (United States), ADT LLC (United States), Life Alert Emergency Response, Inc. (United States), Valued Relationships Inc (VRI) (United States), AT&T Inc. (United States), Medical Guardian (United States), Appello (United Kingdom), Care New England Health System (United States), Critical Signal Technologies (United States) and GreatCall (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Personal Emergency Response System market by Type (Landline-based PERS, Mobile PERS and Standalone Devices), Application (Home-Based Users, Assisted Living Facilities, Hospitals, Telemedicine and Other) and Region.
On the basis of geography, the market of Personal Emergency Response System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Radio Transmitter will boost the Personal Emergency Response System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Traditional Medical Alert Systems will boost the Personal Emergency Response System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The advent of IoT Enabled Personal Emergency Response System and Increasing Use of Personal Emergency Response System in the Hospitals
Market Growth Drivers:
The Increasing Number of Assisted Living Facilities, Growing Geriatric Population Around the World and Need for Monitoring and Immediate Emergency Response
Challenges:
Technical Errors Related to Connectivity
Restraints:
Expensive Personal Emergency Response System and Less Knowledge about the Operation of Personal Emergency Response System
Opportunities:
Technological Advancement in Personal Emergency Response System and Huge Potential of Personal Emergency Response System During this Global Pandemic
On 4th December 2019, TELUS Health announced plans for the national expansion of its LivingWell Companion personal emergency response service (PERS) to support more aging Canadians across the country. Through the acquisition of DirectAlert, a Quebec-based, bilingual PERS company with more than 15 years of experience providing emergency response across Canada, TELUS is now the largest Canadian-owned PERS provider, proudly giving freedom to Canadians who want to live independently at home for longer; while offering peace of mind to their family and loved ones with the assurance of safety and security.
Key Target Audience
Personal Emergency Response System Manufacturers, Personal Emergency Response System International Traders, Personal Emergency Response System Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.