Market Insight

The change in societal structure has led to more of the elderly population living alone which is prompting a significant surge in the growth of the market. The insights into the semiconductors and electronics industry are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. A 7.4% CAGR is projected to affect earning levels to reach USD 5,540.2 Million by 2025.

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The usage of personal emergency response systems is not limited to elderly citizens but also the younger population who are using it to avert any crime or accident that may occur to them. Furthermore, the rising crime rates in urban areas is expected to further add to the development of personal emergency response systems market size in the upcoming years.

Key Players:

The prominent players in the global Personal Emergency Response Systems Market are – Alertone Standalone PERS, LLC (US), Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Valued Relationships, Inc. (US), Nortek Security Control LLC. (US), LifeStation, Inc. (US), Bay Alarm Medical (US), Medical Guardian LLC (US), Tunstall Healthcare Group Ltd. (UK), GreatCall (US), Guardian Alarm (US), MobileHelp (U.S) among others.

Market Segmentation

The segmental insights into the personal emergency response systems market are conducted on the basis of type, end user, and region. On the basis of type, the personal emergency response systems market is segmented into mobile such as wireless, cellular and GPS-based, landline, and standalone such as standalone voice communicator, transmitters, R-cube/V-cube monitoring system and wandering system. On the basis of end use, the personal emergency response systems market is segmented into senior living facilities, home-based users, and assisted living facilities. Based on the region, the personal emergency response systems market is segmented into Asia Pacific, North America, Europe, and the other global regions.

Regional Outlook

The regional assessment of the personal emergency response systems market comprises Asia Pacific, North America, Europe, and the other global regions. The North American region is anticipated to oversee the personal emergency response systems market growth throughout the forecast period owing to the change from fee to value-based healthcare services in the region. Furthermore, the elderly population across the world is a chief reason accountable for the soaring use of personal emergency response systems and the resulting growth of the personal emergency response systems market.

Industry Updates:

Dec 2019 Telus Health recently announced that it is intensifying its LivingWell Companion personal emergency response service (PERS) to care for more elderly Canadians. The company has now purchased DirectAlert, which is a security system dealer that has more than 15 years of knowledge in delivering emergency response services. The LivingWell Companion service offers immediate access to emergency aid 24 hours a day.

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Intended Audience

• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Component standards organizations
• Component investors
• System Integrators

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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