05-August-2022

Personal Emergency Response System Market 2021-2025: North America to Dominate Growth

The personal emergency response system market size is expected to grow up to USD 2.25 billion, accelerating at a CAGR of 5.98% during the forecast period. The growing geriatric population is notably driving the personal emergency response system market share, although factors such as lack of awareness may impede the market growth.

Technavio's research report offers growth projections of all the market segments, along with an in-depth personal emergency response system market analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. Unlock Sample Report

Personal Emergency Response System Market 2021-2025: North America to Dominate Growth

Personal Emergency Response System Market: Market Segments and Growth Forecasts

The research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The personal emergency response system (PERS) market is segmented by Type (mobile, landline, and standalone) and Geography (North America, Europe, Asia, and ROW).
  • By geography, 35% of the personal emergency response systems market growth will originate from North America during the forecast period. The US is a key market in North America. Market growth in this region will be faster than the growth of the market in Europe.
  • Based on type, the personal emergency response system market share by the mobile segment will be significant during the forecast period. The mobile-type personal emergency response systems make healthcare delivery more efficient, leading to faster response times.
  • The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the personal emergency response system market.

Personal Emergency Response System Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various personal emergency response system (PERS) market trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • The growing geriatric population will be a significant factor in driving the growth of the personal emergency response system market.
  • The increasing prevalence of chronic diseases will be instrumental in driving the market growth during the forecast period.
  • Lack of awareness is a hurdle that needs to be crossed on the path to success.

Personal Emergency Response System Market: Vendor Analysis

The market is fragmented due to the presence of several players. ADT Inc., AlertOne Services LLC, Bay Alarm Medical, Best Buy Co. Inc., Careline365, Koninklijke Philips NV, MobileHelp LLC, ModivCare Inc., Nice SpA, and Tunstall Healthcare Group Ltd. are some of the major personal emergency response system (PERS) market vendors.

Download a Free Sample Report. The custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 5.98%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 2.25 billion.

     
  3. What is a key factor driving this market?
    The growing geriatric population will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    35% growth will originate from North America.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are ADT Inc., AlertOne Services LLC, Bay Alarm Medical, Best Buy Co. Inc., Careline365, Koninklijke Philips NV, MobileHelp LLC, ModivCare Inc., Nice SpA, and Tunstall Healthcare Group Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (mobile, landline, and standalone) and Geography (North America, Europe, Asia, and ROW).
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