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Personal Emergency Response System (PERS) Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 162
  • SKU: IRTNTR43996
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The personal emergency response system market is estimated to grow at a CAGR of 7.94% between 2022 and 2027. The size of the market is forecast to increase by USD 3,488.23 million. The growth of the market depends on serval factors, including the growing geriatric population, the increasing prevalence of chronic diseases, and increasing investments in healthcare infrastructure. 

This report extensively covers market segmentation by type (mobile, landline, and standalone), end-user (home healthcare, assisted living facilities, and others), and geography (North America, Europe, Asia, and Rest of World). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Personal Emergency Response System Market During the Forecast Period?

Personal Emergency Response System Market Size

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Parent Market Analysis

Technavio categorizes the global personal emergency response systems(PERS) market as a part of the healthcare technology segment, which, in turn, is a part of the global healthcare market. The market includes the revenue generated from the sales of healthcare applications and IT (Information Technology) systems, Internet-based healthcare tools (such as monitoring devices), and IT consulting services to clinics, hospitals, or businesses operating primarily in the healthcare sector. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Personal Emergency Response System Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing geriatric population is notably driving the market growth, although factors such as the lack of awareness may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Personal Emergency Response System Market Driver

The growing geriatric population is notably driving the market growth. The geriatric population is susceptible to diseases such as osteoarthritis, chronic obstructive pulmonary disease, and diabetes mellitus as their immune system becomes weak with increasing age. The elderly require care in their homes, irrespective of the care they receive in hospitals. However, staying at home carries potential risks of accidents such as falls, sudden trauma, and strokes. Due to the independent lifestyles led by the older population, particularly in developed countries, they are not willing to be dependent on their families.

Technological advances are enabling consumers and caretakers to manage risks at home by implementing sophisticated devices, including personal emergency response systems and other devices such as medication care management, home safety, activity sensors, and location-based solutions. Traveling large distances is a primary concern for older individuals because of age-related health issues. In this case, the value-added advantage of connected health solutions, such as personal emergency response systems for elderly individuals, enables them to send an alarm during times of uncertainty. This enables hospital attendants to facilitate remote patient monitoring or assist them at home if required. This reduces the cost of traveling to hospitals while ensuring the administration of proper care to patients. Therefore, these factors are expected to drive the PERS market during the forecast period.

Significant Personal Emergency Response System Market Trend

Advances in personal emergency response systems are emerging trends in the market. In the last five years, personal emergency response systems have witnessed several technological advances. First, there was a shift from analog equipment to digital equipment, and now the devices have moved from wired systems to wireless systems. The effective features of these systems have increased their adoption by various healthcare organizations. Moreover, vendors have undertaken multiple research projects to refine and redesign their personal emergency response system devices to enhance their efficiency.

Vendors are also developing devices with wireless messaging, automatic location identification, and management reporting applications to help optimize staff efficiency and workflow. The user of mobile personal emergency response systems must wear the mobile device, such as a pendant or wristband, at all times so that they can alert in case of emergency by activating the alert button. However, most users, such as elderly individuals or patients with Alzheimer's disease, at times, are at high risk as they forget to charge the device or wear the devices. So, vendors have developed multiple products that can alert caregivers in case the user is not wearing the device or when the device needs charging. Another development is the voice-activated personal emergency response system. Vendors have developed personal emergency response systems that can activate the alert button through a vocal command. Hence, such advances in technology will fuel the growth of the PERS market during the forecast period.

Major Personal Emergency Response System Market Challenge

The lack of awareness is a major challenge impeding market growth. Many healthcare organizations still use traditional methods, such as ordinary electric bells or alarms, as a line of communication between the patient and the nurse. This is mainly due to the limited budget of these organizations. In these cases, the call alert alarm does not reflect the significance of the patient's call (i.e., whether it is an emergency or an ordinary call).

In many developing countries, due to the low affordability and availability of personal emergency response systems, as well as a lack of awareness about their use and maintenance, the adoption rate tends to be low. In addition, some countries in Asia and Africa have inadequate healthcare infrastructure. For instance, according to the International Finance Corporation (IFC), Africa has the most inadequate healthcare infrastructure and requires healthcare investment of about USD 25 - USD 35 billion to meet the infrastructural demand. Furthermore, the region lacks the availability of an optimum number of healthcare practitioners. Thus, such factors are hampering the sales of personal emergency response systems, which will restrict the PERS market growth during the forecast period.

Key Personal Emergency Response System Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Personal Emergency Response System Market Share by Geography

Global Personal Emergency Response System Market Customer Landscape

Who are the Major Personal Emergency Response System Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ATC Alert LLC - The company operates under one segment. The company under this segment offers medical alarm systems such as the Umbrella alarm system, Base system, Anywhere alert, and Boogie LTE. The key offerings of the company include Personal Emergency Response System. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ADT INC.
  • AlertONE service Inc.
  • Bay Alarm Medical
  • Best Buy Co. Inc.
  • Cape Cod Healthcare Inc.
  • Careline365
  • ConnectAmerica LLC
  • Electronic Caregiver Inc.
  • Galaxy Medical Alert Systems Ltd.
  • Honeywell International Inc.
  • Koninklijke Philips NV
  • Life Alert Emergency Response Inc.
  • Medical Guardian LLP
  • MedicAlert Foundation
  • MobileHelp LLC

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, robust, tentative, and weak.

What is the Fastest-Growing Segment in the Personal Emergency Response System Market?

The market share growth by the mobile segment will be significant during the forecast period. The mobile segment is the highest contributor to the global market in terms of revenue generation. Hospitals have been early adopters of the technology and have been reaping the benefits, thus encouraging the continued development of these products. 

Personal Emergency Response System Market Size

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The mobile segment was valued at USD 2,518.38 million in 2017 and continued to grow until 2021Mobile devices include pendants, watches, and other wearable devices that can be worn by the user, and with just a press of a button, it can alert the caregiver in case of emergencies. The rising use of smartphones has also helped to increase the capabilities of personal emergency response systems. The integration of personal emergency response systems with smartphones has helped caregivers in tracking mobile devices and alerting them in case the mobile devices are not worn by users. With the reduction in the cost of mobile personal emergency response systems, most end-users are switching from traditional landline devices to mobile devices. Due to the comprehensive management required among patients and healthcare providers, the administration often finds it difficult to manage the healthcare process in an emergency. This has resulted in an increased need for outsourcing the services associated with day-to-day activities in carrying out emergency processes. Mobile personal emergency response systems make healthcare delivery more efficient, leading to faster response times. Hence,  these factors will boost the growth of the focused segment of the PERS market during the forecast period.

Which are the Key Regions for the Personal Emergency Response System Market?

Personal Emergency Response System Market Share by Geography

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North America is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in North America is expected to grow at a moderate rate during the forecast period. In 2020, the US and Canada were the major revenue contributors to the regional market owing to the increasing incidences of chronic conditions and surgical cases, the rising product launches, the presence of both local and global companies, and the availability of public and private reimbursement policies on purchase of PERS system.

The governments in this region are aggressively promoting effective healthcare services and have increased investment in healthcare facilities. Government agencies are encouraging the elderly population to adopt medical alert devices. For instance, the American Association of Retired Persons (AARP) strongly recommends elderly individuals use medical alert systems. Some vendors, such as Connect America, MobileHelp, Bay Alarm Medical, and Life Station, provide discounts for AARP members on the purchase of medical alert systems. Such discounts and favorable policies are expected to increase the adoption of PERS systems in the region. Moreover, a significant rise in the number of hospitals and emergency care centers has also increased the sales of PERS systems across new healthcare settings. Therefore, the abovementioned factors will boost the regional market's growth during the forecast period. 

The emergence of COVID-19 hindered the regional market in 2020. However, with quick vaccination programs and the easing of lockdowns in 2021, there has been an increase in demand for PERS systems in this region, which is projected to fuel the regional market development throughout the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Mobile
    • Landline
    • Standalone
  • End-user Outlook (USD Million, 2017 - 2027)
    • Home healthcare
    • Assisted living facilities
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
      • Vietnam
      • Others
    • Rest of World
      • Saudi Arabia
      • South Africa
      • Brazil
      • Others

Personal Emergency Response System Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.94%

Market growth 2023-2027

USD 3,488.23 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.82

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 51%

Key countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ADT INC., AlertONE service Inc., ATC Alert LLC, Bay Alarm Medical, Best Buy Co. Inc., Cape Cod Healthcare Inc., Careline365, ConnectAmerica LLC, Electronic Caregiver Inc., Galaxy Medical Alert Systems Ltd., Honeywell International Inc., Koninklijke Philips NV, Life Alert Emergency Response Inc., Medical Guardian LLP, MedicAlert Foundation, MobileHelp LLC, ModivCare Inc., Rescue Alert, TruSense LLC, and Tunstall Healthcare Group Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Personal Emergency Response System Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the personal emergency response system market between 2023 and 2027
  • Precise estimation of the size of the personal emergency response system market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Europe, Asia, and Rest of World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of personal emergency response system market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global personal emergency response system market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global personal emergency response system market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Mobile - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Mobile - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Mobile - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Mobile - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Mobile - Year-over-year growth 2022-2027 (%)
    • 6.4 Landline - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Landline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Landline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Landline - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Landline - Year-over-year growth 2022-2027 (%)
    • 6.5 Standalone - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Standalone - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Standalone - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Standalone - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Standalone - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 49: Chart on Comparison by End-user
      • Exhibit 50: Data Table on Comparison by End-user
    • 7.3 Home healthcare - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Home healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Home healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Home healthcare - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Home healthcare - Year-over-year growth 2022-2027 (%)
    • 7.4 Assisted living facilities - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Assisted living facilities - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Assisted living facilities - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Assisted living facilities - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Assisted living facilities - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 63: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 UK - Market size and forecast 2022-2027
      • Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 ADT INC.
              • Exhibit 112: ADT INC. - Overview
              • Exhibit 113: ADT INC. - Business segments
              • Exhibit 114: ADT INC. - Key news
              • Exhibit 115: ADT INC. - Key offerings
              • Exhibit 116: ADT INC. - Segment focus
            • 12.4 AlertONE service Inc.
              • Exhibit 117: AlertONE service Inc. - Overview
              • Exhibit 118: AlertONE service Inc. - Product / Service
              • Exhibit 119: AlertONE service Inc. - Key offerings
            • 12.5 ATC Alert LLC
              • Exhibit 120: ATC Alert LLC - Overview
              • Exhibit 121: ATC Alert LLC - Product / Service
              • Exhibit 122: ATC Alert LLC - Key offerings
            • 12.6 Bay Alarm Medical
              • Exhibit 123: Bay Alarm Medical - Overview
              • Exhibit 124: Bay Alarm Medical - Product / Service
              • Exhibit 125: Bay Alarm Medical - Key offerings
            • 12.7 Best Buy Co. Inc.
              • Exhibit 126: Best Buy Co. Inc. - Overview
              • Exhibit 127: Best Buy Co. Inc. - Business segments
              • Exhibit 128: Best Buy Co. Inc. - Key offerings
              • Exhibit 129: Best Buy Co. Inc. - Segment focus
            • 12.8 Cape Cod Healthcare Inc.
              • Exhibit 130: Cape Cod Healthcare Inc. - Overview
              • Exhibit 131: Cape Cod Healthcare Inc. - Product / Service
              • Exhibit 132: Cape Cod Healthcare Inc. - Key offerings
            • 12.9 Careline365
              • Exhibit 133: Careline365 - Overview
              • Exhibit 134: Careline365 - Product / Service
              • Exhibit 135: Careline365 - Key offerings
            • 12.10 ConnectAmerica LLC
              • Exhibit 136: ConnectAmerica LLC - Overview
              • Exhibit 137: ConnectAmerica LLC - Product / Service
              • Exhibit 138: ConnectAmerica LLC - Key offerings
            • 12.11 Electronic Caregiver Inc.
              • Exhibit 139: Electronic Caregiver Inc. - Overview
              • Exhibit 140: Electronic Caregiver Inc. - Product / Service
              • Exhibit 141: Electronic Caregiver Inc. - Key offerings
            • 12.12 Galaxy Medical Alert Systems Ltd.
              • Exhibit 142: Galaxy Medical Alert Systems Ltd. - Overview
              • Exhibit 143: Galaxy Medical Alert Systems Ltd. - Product / Service
              • Exhibit 144: Galaxy Medical Alert Systems Ltd. - Key offerings
            • 12.13 Honeywell International Inc.
              • Exhibit 145: Honeywell International Inc. - Overview
              • Exhibit 146: Honeywell International Inc. - Business segments
              • Exhibit 147: Honeywell International Inc. - Key news
              • Exhibit 148: Honeywell International Inc. - Key offerings
              • Exhibit 149: Honeywell International Inc. - Segment focus
            • 12.14 Koninklijke Philips NV
              • Exhibit 150: Koninklijke Philips NV - Overview
              • Exhibit 151: Koninklijke Philips NV - Business segments
              • Exhibit 152: Koninklijke Philips NV - Key news
              • Exhibit 153: Koninklijke Philips NV - Key offerings
              • Exhibit 154: Koninklijke Philips NV - Segment focus
            • 12.15 Life Alert Emergency Response Inc.
              • Exhibit 155: Life Alert Emergency Response Inc. - Overview
              • Exhibit 156: Life Alert Emergency Response Inc. - Product / Service
              • Exhibit 157: Life Alert Emergency Response Inc. - Key offerings
            • 12.16 Medical Guardian LLP
              • Exhibit 158: Medical Guardian LLP - Overview
              • Exhibit 159: Medical Guardian LLP - Product / Service
              • Exhibit 160: Medical Guardian LLP - Key offerings
            • 12.17 MedicAlert Foundation
              • Exhibit 161: MedicAlert Foundation - Overview
              • Exhibit 162: MedicAlert Foundation - Product / Service
              • Exhibit 163: MedicAlert Foundation - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 164: Inclusions checklist
                • Exhibit 165: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 166: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 167: Research methodology
                • Exhibit 168: Validation techniques employed for market sizing
                • Exhibit 169: Information sources
              • 13.5 List of abbreviations
                • Exhibit 170: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Personal Emergency Response System market growth will increase by $3488.23 million during 2023-2027.
              The personal emergency response system market is expected to grow at a CAGR of 7.94% during 2023-2027.
              Technavio has segmented the personal emergency response system market by type (Mobile, Landline, and Standalone) ,end-user (Home healthcare, Assisted living facilities, Others, and ROW) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
              ADT INC., AlertONE service Inc., ATC Alert LLC, Bay Alarm Medical, Best Buy Co. Inc., Cape Cod Healthcare Inc., Careline365, ConnectAmerica LLC, Electronic Caregiver Inc., Galaxy Medical Alert Systems Ltd., Honeywell International Inc., Koninklijke Philips NV, Life Alert Emergency Response Inc., Medical Guardian LLP, MedicAlert Foundation, MobileHelp LLC, ModivCare Inc., Rescue Alert, TruSense LLC, Tunstall Healthcare Group Ltd. are a few of the key vendors in the personal emergency response system market.
              North America will register the highest growth rate of 50.75% among the other regions. Therefore, the personal emergency response system market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the personal emergency response system market growth are:
              • Growing geriatric population
              • Development of personal emergency response system apps
              The personal emergency response system market vendors should focus on grabbing business opportunities from the mobile segment as it accounted for the largest market share in the base year.
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