Personal Emergency Response System Market Definition
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.
The market study is broken down by Type (Landline-based PERS, Mobile PERS and Standalone Devices), by Application (Home-Based Users, Assisted Living Facilities, Hospitals, Telemedicine and Other) and major geographies with country level splits.
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.
AdvanceMarketAnalytics has segmented the market of Global Personal Emergency Response System market by Type, Application 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.
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.
- The advent of IoT Enabled Personal Emergency Response System
- Increasing Use of Personal Emergency Response System in the Hospitals
- The Increasing Number of Assisted Living Facilities
- Growing Geriatric Population Around the World
- Need for Monitoring and Immediate Emergency Response
- Technological Advancement in Personal Emergency Response System
- Huge Potential of Personal Emergency Response System During this Global Pandemic
- Expensive Personal Emergency Response System
- Less Knowledge about the Operation of Personal Emergency Response System
- Technical Errors Related to Connectivity
Key Target AudiencePersonal 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 ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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