Personal Emergency Response Systems (PERS) devices have been in the market since past few decades. They are being actively adopted by people in a few developed regions such as North America and Europe. This can be attributed to the increased investments into R&D enabling entry of new and innovative PERS solutions into the market. Since early 2000s, mobile PERS have been available in the market and are slowly gaining a significant share in the overall PERS revenue. Similarly, standalone PERS devices were under R&D for the last 10 years and have been very recently introduced into the market.
PERS are medical devices that are used by individuals to call for emergency medical help. These innovative devices contact the emergency care services or the user’s family members through a panic button in the form of a pendant or a wristband. The growing demand for personal emergency communication devices will lead to development of more innovative personal care and home monitoring devices. Furthermore, the advancements in technologies will allow the entry of affordable and efficient personal emergency care devices in the market in the coming years.
According to IndustryARC analysis, the global PERS market will grow at a CAGR of 5.8% and reach $8.4 billion by 2020. Home-based mobile systems segment which is operated through landline telephone is the largest revenue-yielding segment in the PERS market. The highest revenue in the landline-based PERS market was generated in APAC region followed by North America and Europe.
The global PERS market report provides a holistic outlook of the personal emergency response systems, providing an in-depth analysis on the market forces, demand and key insights into the different segments.
The global Personal Emergency Response Systems Market has been segmented into three types based on type of system:
These segments are further classified by software/hardware components present and by end-users.
The devices are segmented into three categories based on the type of end-users into:
- Home-based users
- Senior living facilities
- Assisted living facilities.
This market is segmented into different types based on the technology used, the type of end-users and by geography (North America, Europe, Asia-Pacific and Rest of the World) to provide an in-depth analysis for the forecast period 2015 to 2020, taking 2014 as the base year.