This market research study presents a detailed segmentation of the global personal emergency response system (PERS) market by type (landline, stand-alone, and mobile), and by geography (Americas, APAC, and EMEA). Key vendors identified in the market are Phillips Lifeline, Life Alert Emergency Response, Bay Alarm Medical, ADT, and VRI.
Technavio’s market research analysts estimate the global PERS market to grow at a CAGR of 5% between 2016 and 2020. The personal emergency response system (PERS) for hospital and at-home care is a critical device, specially designed to signal an medical emergency situation and the requirement of urgent attention for the older population, as well as for people with disabilities. There have been several technological advancements in PERS devices to make them more user-friendly and efficient. The Americas dominate the global PERS market, accounting for 41% of eth total market share. Much of this market’s growth comes from increase in smartphones or wireless phones, which has led to the wider adoption wearable and sensor-based PERS among individuals.
The new market research report from Technavio provides a breakdown and analysis of the PERS segments by technology.
“This market is expected to witness the integration of PERS with the wireless phone to drive the market in the predicted period. With the use of session initiation protocol and voice over Internet protocol technologies, the vendors were able to integrate PERS with wireless phones. This allows caregivers to send text messages and speak directly with patients, thereby saving time and resulting in faster communication between patients, hospital staff, and doctors. Furthermore, increasing awareness of the product and telecom regulatory support will aid in the growth of this market until the end of 2020,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research
During 2015, the mobile PERS segment was the highest contributor to the global market and accounted for a market share of more than 48% during the forecast period. The increasing demand for the best-in-class devices for patients like GPS, wireless, and 3G cellular. The rising use of smartphone among older people is expected to spur this market segment’s growth.
Global mobile PERS market 2015-2020 ($ billions)
Source: Technavio
The key vendors in the global PERS market are Phillips Lifeline, Life Alert Emergency Response, Bay Alarm Medical, ADT, and VRI. The market is highly competitive owing to the presence of multiple vendors. The competition is set to intense with the entry of several new vendors. The existing competition together with rapid changes in consumer preference and new product launches will lead to the growth of this market.
A more detailed analysis is available in the Technavio report Global PERS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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