HOME Top Market Reports Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023

Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: SE 3909

 

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The personal emergency response system (PERS) market was valued at USD 6.18 Billion in 2016 is expected to be worth USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023.

Objectives of the Study:

  • Define, describe and forecast the overall medical alert system (MAS)/personal emergency response system (PERS) market segmented on the basis of type and end user
  • Forecast the size (in terms of value) of the market segments with respect to four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • Provide detailed information regarding the major factors influencing the growth of the PERS market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyze the micromarkets with regard to the individual growth trends, prospects, and contribution to the overall market
  • Study the complete value chain and allied industry segments and perform a value chain analysis of the PERS landscape
  • Profile key players and comprehensively analyze their market share and core competencies along with detailing the competitive landscape for the market leaders
  • Analyze the competitive intelligence based on the company profiles; key player strategies such as joint ventures and mergers and acquisitions; and significant developments such as product launches and research and development (R&D) activities 

Research Methodology:

This research study incorporates the usage of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the personal emergency response system market. Primary sources mainly comprise several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, standards, and certification organizations related to various parts of this industry’s value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants, have been conducted to obtain and verify critical qualitative and quantitative information as well as assess prospects. The breakdown of the profiles of primaries has been depicted in the following figure:

Medical Alert Systems/Personal Emergency Response System (PERS) Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights pertaining to the personal emergency response system ecosystem. The key players in this market include Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Valued Relationships, Inc. (US), Medical Guardian LLC (US), Nortek Security & Control LLC. (US), Legrand Assisted Living & Healthcare (UK), Alertone Services, LLC (US), LifeStation, Inc. (US), Bay Alarm Medical (US), LifeFone (US), GreatCall (US), Guardian Alarm (US), Connect America (US), Life Alert Emergency Response, Inc. (US), and MobileHelp (US).

Key Target Audience: 

  • Research organizations
  • Technology standard organizations, forums, alliances, and associations
  • Global medical disaster committee
  • Hospital and long-term care associations
  • Global public health agencies
  • Original device manufacturers (ODMs)   
  • Component suppliers
  • Application providers
  • Maintenance and service providers
  • End Users

Scope of the Report:

The research report segments the PERS market into the following subsegments:

Medical Alert System/Personal Emergency Response System (PERS) Market, by Type

  • Landline PERS
  • Mobile PERS
    • Wireless Emergency Response System
    • Cellular Emergency Response System
    • GPS-based Emergency Response System
  • Standalone PERS
    • Transmitters
    • Standalone Voice Communicator
    • Wandering System
    • R-cube/V-cube Monitoring System

Medical Alert System/Personal Emergency Response System (PERS) Market, by End User

  • Home-based Users
  • Senior Living Facilities
  • Assisted Living Facilities

Medical Alert System/Personal Emergency Response System (PERS) Market, by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Australia
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report.  

  • Company Information
    • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Ranking Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities for Growth of Personal Emergency Response System Market
    4.2 PERS Market, By Type
    4.3 PERS Market, By End User
    4.4 PERS Market, By Type and Region
    4.5 North America Held A Major Share of Overall PERS Market in 2016

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Aging Population Across the Globe
                    5.2.1.2 Technological Developments in Healthcare Wearables
                    5.2.1.3 Healthcare Reforms Expected to Favor Growth of PERS Market
                    5.2.1.4 Increasing Penetration of Smartphones in Healthcare
                    5.2.1.5 Constant Innovations in Technology and Easy Adaptability of PERS Devices
           5.2.2 Restraints
                    5.2.2.1 Overall Cost Associated With the System is Expected to Impact the Adoption of PERS Devices
                    5.2.2.2 Lack of Know-How Pertaining to the New Technology Used in PERS System
                    5.2.2.3 Low Practicability and Acceptability of the Technology Among Senior Citizens
           5.2.3 Opportunities
                    5.2.3.1 Advancements in Communication Technologies
                    5.2.3.2 Emerging Markets Create Growth Opportunities for PERS
                    5.2.3.3 Thriving Healthcare Market to Create Need for Affordable Medical Alert Devices
           5.2.4 Challenges
                    5.2.4.1 False Alarm Decreasing the Efficiency of PERS

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Latest Trends in the Market
           6.3.1 Shifting Trend Towards Telehealth
           6.3.2 Increasing Demand for Multimodal Technology
           6.3.3 Machine Learning Approach for Detecting Fall
           6.3.4 Government Initiatives

7 Personal Emergency Response Market, By Type (Page No. - 42)
    7.1 Introduction
    7.2 Landline PERS
    7.3 Mobile PERS
           7.3.1 Wireless Emergency Response System
           7.3.2 Cellular Emergency Response System
           7.3.3 GPS-Based Emergency Response System
    7.4 Standalone PERS
           7.4.1 Transmitters
           7.4.2 Standalone Voice Communicator
           7.4.3 Wandering System
           7.4.4 R- Cube/V-Cube Monitoring System

8 Personal Emergency Response System Market, By End User (Page No. - 64)
    8.1 Introduction
    8.2 Home–Based Users
    8.3 Senior Living Facilities
    8.4 Assisted Living Facilities

9 Geographic Analysis (Page No. - 74)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 UK
           9.3.2 Germany
           9.3.3 France
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Rest of Europe
    9.4 Asia Pacific (APAC)
           9.4.1 China
           9.4.2 Japan
           9.4.3 Australia
           9.4.4 India
           9.4.5 Rest of APAC
    9.5 Rest of the World (RoW)
           9.5.1 Middle East & Africa
           9.5.2 South America

10 Competitive Landscape (Page No. - 97)
     10.1 Introduction
     10.2 Market Ranking Analysis
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Companies
     10.4 Competitive Benchmarking
             10.4.1 Strength of Product Portfolio (25 Companies)
             10.4.2 Business Strategy Excellence (25 Companies)
     10.5 Competitive Situation and Trends
             10.5.1 Battle for Market Share: Product Launches Was the Key Strategy Adopted By Companies Between 2015 and 2017
             10.5.2 Major Strategies Adopted By the Key Players

25 Companies analyzed across the ecosystem are  — Koninklijke Philips N.V. (Netherlands); ADT Corporation (US); Tunstall Healthcare Group Ltd. (UK); Valued Relationships, Inc. (US); Medical Guardian LLC (US); Nortek Security & Control LLC. (US); Legrand (UK); Alertone Services, LLC (US); LifeStation, Inc. (US); Bay Alarm Medical (US); LifeFone (US); GreatCall (US); Mytrex, Inc. dba rescue Alert (US); American Senior Safety Agency (US); LifeWatch USA (US); Safe Guardian (US); Life Call Medical Alert System (US); Guardian Alarm (US); Connect America (US); Galaxy Medical Alert Systems (US); Critical signal Technologies (US); Life Alert Emergency Response, Inc. (US); MobileHelp (US); ResponseNow Medical Alert Systems (US); Medical Care Alert (US)

11 Company Profiles (Page No. - 106)
     11.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     11.2 Koninklijke Philips N.V.
     11.3 Tunstall Americas
     11.4 Valued Relationships, Inc.
     11.5 Guardian Alarm
     11.6 Alertone Services LLC.
     11.7 Connect America
     11.8 ADT Corporation
     11.9 Medical Guardian LLC
     11.10 Mobilehelp
     11.11 Numera Inc.
     11.12 Galaxy Medical Alert System
     11.13 Critical Signal Technologies
     11.14 Mytrex, Inc. Dba Rescue Alert
     11.15 Key Innovators
             11.15.1 LifeFone
             11.15.2 Bay Alarm Medical
             11.15.3 Intel Corporation
             11.15.4 Marigroup Oy
             11.15.5 Vital Connect Inc.
             11.15.6 Blue Willow Systems

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 142)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (71 Tables)

Table 1 PERS Market, By Type, 2014–2023 (USD Billion)
Table 2 MPERS Market, By Type, 2014–2023 (USD Million)
Table 3 MPERS Market for Home-Based Users, By Type, 2014–2023 (USD Million)
Table 4 MPERS Market for Senior Living Facilities, By Type, 2014–2023 (USD Million)
Table 5 MPERS Market for Assisted Living Facilities, By Type, 2014–2023 (USD Million)
Table 6 Standalone PERS Market, By Type, 2014–2023 (USD Million)
Table 7 Standalone PERS Market for Home-Based Users, By Type, 2014–2023 (USD Million)
Table 8 Standalone PERS Market for Senior Living Facilities, By Type, 2014–2023 (USD Million)
Table 9 Standalone PERS Market for Assisted Living Facilities, By Type, 2014–2023 (USD Million)
Table 10 PERS Market in North America, By Type, 2014–2023 (USD Million)
Table 11 MPERS Market in North America, By Type, 2014–2023 (USD Million)
Table 12 Standalone PERS Market in North America, By Type, 2014–2023 (USD Million)
Table 13 PERS Market in US, By Type, 2014–2023 (USD Million)
Table 14 PERS Market in Canada, By Type, 2014–2023 (USD Million)
Table 15 PERS Market in Mexico, By Type, 2014–2023 (USD Million)
Table 16 PERS Market in Europe, By Type, 2014–2023 (USD Million)
Table 17 MPERS Market in Europe, By Type, 2014–2023 (USD Million)
Table 18 Standalone PERS Market in Europe, By Type, 2014–2023 (USD Million)
Table 19 PERS Market in UK, By Type, 2014–2023 (USD Million)
Table 20 PERS Market in Germany, By Type, 2014–2023 (USD Million)
Table 21 PERS Market in France, By Type, 2014–2023 (USD Million)
Table 22 PERS Market in Italy, By Type, 2014–2023 (USD Million)
Table 23 PERS Market in Spain, By Type, 2014–2023 (USD Million)
Table 24 PERS Market in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 25 PERS Market in APAC, By Type, 2014–2023 (USD Million)
Table 26 MPERS Market in APAC, By Type, 2014–2023 (USD Million)
Table 27 Standalone PERS Market in APAC, By Type, 2014–2023 (USD Million)
Table 28 PERS Market in China, By Type, 2014–2023 (USD Million)
Table 29 PERS Market in Japan, By Type, 2014–2023 (USD Million)
Table 30 PERS Market in Australia, By Type, 2014–2023 (USD Million)
Table 31 PERS Market in India, By Type, 2014–2023 (USD Million)
Table 32 PERS Market in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 33 PERS Market in RoW, By Type, 2014–2023 (USD Million)
Table 34 MPERS Market in RoW, By Type, 2014–2023 (USD Million)
Table 35 Standalone PERS Market in RoW, By Type, 2014–2023 (USD Million)
Table 36 PERS Market in Middle East & Africa, By Type, 2014–2023 (USD Million)
Table 37 PERS Market in South America, By Type, 2014–2023 (USD Million)
Table 38 PERS Market, By End User, 2014–2023 (USD Million)
Table 39 PERS Market for Home-Based Users, By Type, 2014–2023 (USD Million)
Table 40 PERS Market for Senior Living Facilities, By Type, 2014–2023 (USD Million)
Table 41 PERS Market for Assisted Living Facilities, By Type, 2014–2023 (USD Million)
Table 42 Landline PERS Market, By End User, 2014–2023 (USD Million)
Table 43 MPERS Market, By End User, 2014–2023 (USD Million)
Table 44 Wireless Emergency Response System Market, By End User, 2014–2023 (USD Million)
Table 45 Cellular Emergency Response System Market, By End User, 2014–2023 (USD Million)
Table 46 GPS-Based Emergency Response System Market, By End User, 2014–2023 (USD Million)
Table 47 Standalone PERS Market, By End User, 2014–2023 (USD Million)
Table 48 PERS Market for Transmitters, By End User, 2014–2023 (USD Million)
Table 49 PERS Market for Standalone Voice Communicator, By End User, 2014–2023 (USD Million)
Table 50 PERS Market for Wandering System, By End User, 2014–2023 (USD Million)
Table 51 PERS Market for R-Cube/V-Cube Monitoring System, By End User, 2014–2023 (USD Million)
Table 52 PERS Market, By Region, 2014–2023 (USD Million)
Table 53 Landline PERS Market, By Region, 2014–2023 (USD Million)
Table 54 MPERS Market, By Region, 2014–2023 (USD Million)
Table 55 Standalone PERS Market, By Region, 2014–2023 (USD Million)
Table 56 Landline PERS Market in North America, By Country, 2014–2023 (USD Million)
Table 57 MPERS Market in North America, By Country, 2014–2023 (USD Million)
Table 58 Standalone PERS Market in North America, By Country, 2014–2023 (USD Million)
Table 59 PERS Market in North America, By Country, 2014–2023 (USD Million)
Table 60 Landline PERS Market in Europe, By Country, 2014–2023 (USD Million)
Table 61 MPERS Market in Europe, By Country, 2014–2023 (USD Million)
Table 62 Standalone PERS Market in Europe, By Country, 2014–2023 (USD Million)
Table 63 PERS Market in Europe, By Country, 2014–2023 (USD Million)
Table 64 Landline PERS Market in APAC, By Country, 2014–2023 (USD Million)
Table 65 MPERS Market in APAC, By Country, 2014–2023 (USD Million)
Table 66 Standalone PERS Market in APAC, By Country, 2014–2023 (USD Million)
Table 67 PERS Market in APAC, By Country, 2014–2023 (USD Million)
Table 68 Landline PERS Market in RoW, By Country, 2014–2023 (USD Million)
Table 69 MPERS Market in RoW, By Country, 2014–2023 (USD Million)
Table 70 Standalone PERS Market in RoW, By Country, 2014–2023 (USD Million)
Table 71 PERS Market in RoW, By Country, 2014–2023 (USD Million)


List of Figures (34 Figures)

Figure 1 Personal Emergency Response System Market Segmentation
Figure 2 Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assisted Living Market Expected to Grow at Highest CAGR During Forecast Period
Figure 8 North America Held Largest Share of PERS Market in 2016
Figure 9 PERS Market Expected to Exhibit Significant Growth Between 2017 and 2023
Figure 10 Mobile PERS Expected to Grow at Highest CAGR During Forecast Period
Figure 11 Assisted Living Facilities Expected to Register Highest CAGR During Forecast Period
Figure 12 Home-Based Users Held Largest Share of PERS Market in 2016
Figure 13 PERS Market in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 14 Constant Innovation in Technology and Easy Adaptability to Drive the PERS Market
Figure 15 PERS Market: Value Chain Analysis
Figure 16 Personal Emergency Response System (PERS) Market, By Type
Figure 17 PERS Market Size, By Type, 2014–2023 (USD Billion)
Figure 18 Personal Emergency Response System (PERS) Market, By End User
Figure 19 Assisted Living Facilities Expected to Register Highest Growth Rate in PERS Market During the Forecast Year
Figure 20 PERS Market, By Geography
Figure 21 Geographic Snapshot of PERS Market
Figure 22 APAC Expected to Grow at Highest CAGR in PERS Market During Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Mexico Expected to Register Highest CAGR in PERS Market in North America During Forecast Period
Figure 25 Europe: Market Snapshot
Figure 26 Germany Expected to Dominate PERS Market Till 2023
Figure 27 Asia-Pacific: Market Snapshot
Figure 28 India Expected to Register Highest CAGR in PERS Market in APAC During Forecast Period
Figure 29 Middle East & Africa Expected to Register Highest CAGR in PERS Market During Forecast Period
Figure 30 Companies Adopted Product Launches and Mergers & Acquisitions as the Key Growth Strategies Between 2015 and 2017
Figure 31 Market Ranking Analysis of Top 5 Players in Personal Emergency Response System Market, 2016
Figure 32 Personal Emergency Response System Market (Global): Competitive Leadership Mapping, 2017
Figure 33 Product Launches and Mergers and Acquisitions are Major Strategies Adopted By Industry Players
Figure 34 Koninklijke Philips N.V.: Company Snapshot

The overall personal emergency response system (PERS) market is projected to exhibit a lucrative growth potential during the forecast period. The increasing aging population and adoption of PERS as a supportive tool for independent living, technological developments in healthcare wearable, advancement in communication and connectivity technologies, and mobility benefits are the major driving factors for the PERS market.

PERS is an important tool, which caters to senior citizens in need of immediate medical attention. Apart from receiving help during an emergency, these devices are also used by people to ensure safety and security when living or traveling alone. PERS device is a boon for seniors who live alone at home for long hours and for seniors who suffer from diseases such as Alzheimer’s, diabetes, and heart conditions. The personal emergency response system market is acclaimed by doctors, hospitals, and healthcare organizations such as the American Heart Association (US) and the American Association of Retired Person (US).

The PERS market is currently in its growth phase and is expected to grow further because of the increasing aging population and awareness of independent healthcare devices in the coming years. The PERS market is expected to grow from USD 6.61 Billion in 2017 to USD 9.22 Billion by 2023, at a CAGR of 5.7% between 2017 and 2023.

The personal emergency response system (PERS) market based on regions has been broadly classified into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In terms of value, North America accounted for the largest share of the PERS market in 2016. Reimbursement policies and government regulations are playing a crucial role in the development of the home healthcare sector in North America, which, in turn, is driving the growth of the PERS market in this region. Moreover, the increasing aging population and growing demand for home healthcare devices by seniors who are health conscious are driving the growth of the PERS market.

Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2023. Government initiatives such as the Japan’s National Health Insurance (NHI) program and the Health Reform Program of China are creating awareness among senior citizens with regard to healthcare devices and various PERS devices.

Medical Alert Systems/Personal Emergency Response System (PERS) Market

The occurrence of the false alarm in the personal emergency response system is the major restraining factor inhibiting the growth of this market. However, there are rapid and constant test methods for PERS devices, which companies are adopting to minimize the inefficiency arising out of false alarm due to technical errors in the PERS devices.

In 2016, the PERS market was dominated by Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Valued Relationships, Inc. (US), and Medical Guardian LLC (US). Other major players in this market include Nortek Security & Control LLC. (US), Legrand Assisted Living & Healthcare (UK), Alertone Services, LLC (US), LifeStation, Inc. (US), Bay Alarm Medical (US), LifeFone (US), GreatCall (US), Guardian Alarm (US), Connect America (US), Life Alert Emergency Response, Inc. (US), and MobileHelp (US).

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