Personal Emergency Response System Market Key Companies Profile and SWOT Analysis by 2031

MARKET INTRODUCTION

The personal emergency response system is an electric device that enables an individual to pursue a secure help during an emergency. The personal emergency response system is connected with other devices such as an alarm or cell phone and is programmed to signal a response center upon activation of 'help' or a 'push' button. The help button is a radiofrequency trigger device that is regularly worn around the wrist or neck. The person at the receiving end of the personal emergency response system can even interact with the individual in order to choose which action should be taken. It has been observed that there is a rising trend towards usage of technologies that let people gain easy access to healthcare without any unwarranted effort of staying in the hospital.

MARKET DYNAMICS

The rising adoption of mobile smartphone-based applications for senior citizens, health management, and enhancements in medical alert services are some of the major factors driving the growth of the personal emergency response systems market. The technological advancements in personal emergency response systems such as medication reminder notifications and two-way voice communication are also anticipated to propel the growth of the personal emergency response systems market.

MARKET SCOPE

The "Global Personal Emergency Response System Market Analysis to 2031" is a specialized and in-depth study of the Personal emergency response system market with a special focus on the global market trend analysis. The report aims to provide an overview of Personal emergency response system market with detailed market segmentation by type, end user. The global Personal emergency response system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Personal emergency response system market players and offers key trends and opportunities in the Personal emergency response system market.

MARKET SEGMENTATION

The global Personal emergency response system market is segmented on the basis of type, end user. On the basis of type, the market is segmented as landline PERS, mobile PERS, standalone PERS. On the basis of end user, the market is segmented as home-based users, senior living facilities, assisted living facilities.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Personal emergency response system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Personal emergency response system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Personal emergency response system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Personal emergency response system market in these regions.

MARKET PLAYERS

The reports cover key developments in the Personal emergency response system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Personal emergency response system market are anticipated to lucrative growth opportunities in the future with the rising demand for Personal emergency response system market. Below mentioned is the list of few companies engaged in the Personal emergency response system market.

The report also includes the profiles of key Personal emergency response system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  ALERTONE SERVICES LLC.
  
•  ADT
  
•  Cisco Systems, Inc.
  
•  GreatCall
  
•  GUARDIAN ALARM.
  
•  Honeywell International Inc.
  
•  Koninklijke Philips N.V.
  
•  Nortek Security and Control
  
•  Tunstall
  
•  VRI
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Personal Emergency Response System Report Scope