Research Nester has released a report titled “Personal Emergency Response System (PERS) Market – Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global personal emergency response system (PERS) market in terms of market segmentation by type, component, end user, subscription model and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global personal emergency response system (PERS) market is segmented by type into landline, mobile and standalone, out of which, the landline segment is anticipated to hold the largest market share and cross a value of around USD 2200 million by the end of 2027. The segment, which held a market share of around 45% in the year 2018 is anticipated to grow with a CAGR of around 6.5% during the forecast period, i.e. 2019-2027. On the other hand, the transmitters segment, which is a sub-segment of the standalone segment, is anticipated to cross a value of around USD 400 million by the end of 2027. The segment also held the largest market share of around 37% in the year 2018.

The global personal emergency response system (PERS) market is anticipated to achieve a CAGR of around 6% during the forecast period. Increasing prevalence of diseases and disorders, which include heart strokes, Alzheimer or epileptic seizures, along with other factors such as rising focus of key players in the personal emergency response system (PERS) industry are some of the factors anticipated to contribute significantly towards the growth of the global personal emergency response system (PERS) market. The market is expected to garner a value of around USD 4600 million by the end of 2027 from a value of around USD 2800 million in the year 2018 and further achieve an incremental $ opportunity of around USD 270 million in the year 2027 as compared to the previous year.

Regionally, the global personal emergency response system (PERS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is anticipated to hold the largest market share owing to the presence of nations, such as U.S. and Canada, where U.S. held the dominant market share of around 79% during the year 2018, backed by the presence of a robust healthcare infrastructure in the nation which is widely supported by the government of the nation. Additionally, the market in North America, which held a market share of around 35% in the year 2018 and is anticipated to grow with a CAGR of around 6% during the forecast period.

Increasing Geriatric Population

The disabled and the elderly are the population type in our society which require the highest attention and care owing to their age and degrading health. As such, many such dependent people stay alone and are prone to emergency situations related to medical, fire and others, thereby raising the need for the utilization of personal emergency response system (PERS) which are known to provide versatile mode of notification during an emergency situation which might also required medical attention. With the increasing geriatric population around the world on one end, coupled with several other factors, such as product launch and deliberate partnerships by key players, increasing adoption of smartphones amongst the elderly population and the growing healthcare infrastructure are some of the factors anticipated to drive the growth of the global personal emergency response system (PERS) market.

However, concerns for the high cost of personal emergency response system (PERS) affecting sales and low adoption of technology amongst the low and middle-income nations are some of the factors anticipated to limit the growth of the global personal emergency response system (PERS) market.

This report also provides the existing competitive scenario of some of the key players of the global personal emergency response system (PERS) market, which includes company profiling of ADT Inc. (NYSE: ADT), Tunstall Group, Life Alert Emergency Response, Inc., Bay Alarm Medical, Valued Relationships, Inc., Medical Guardian, LLP, GreatCall, Alertone Services, LLC, Nortek Security and Control and Koninklijke Philips N.V. (AMS: PHIA). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global personal emergency response system (PERS) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.