Personal Emergency Response Systems Market 2020 - Koninklijke Philips N.V., LifeWatch Services, Inc., Tunstall Healthcare, ADT LLC, Medical Guardian LLC

CMI analyses the Personal Emergency Response Systems trends, by country, for a five year review period (2020-2027) forecast period. Our regular clients asked us to produce detailed market segmentation, and this is what you will find here: a report without any unnecessary padding, giving a unique analysis of the sector.

Major Companies Covered in this report:-

1 Koninklijke Philips N.V.
2 LifeWatch Services, Inc.
3 Tunstall Healthcare.
4 ADT LLC.
5 Medical Guardian LLC.
6 MobileHelp.
7 Bay Alarm Company.

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Personal emergency response system (PERS) is a device that is used to alert emergency services in the event of a fall, emergency, or any risk situations. Such devices have the potential to mitigate some of the adverse consequences of emergency cases. Mobile PERS, landline PERS, and standalone devices are some of the types of PERSs.

Increasing geriatric population is expected to propel growth of the global personal emergency response systems market over the forecast period. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

Moreover, increasing healthcare expenditure is also expected to aid in growth of the market. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.

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Major players operating in the global personal emergency response systems market include, Koninklijke Philips N.V., LifeWatch Services, Inc., Tunstall Healthcare, ADT LLC, Medical Guardian LLC, MobileHelp, and Bay Alarm Company.

Major players in the market are focused on adopting collaboration strategies to expand their product portfolio. For instance, in November 2019, MobileHelp, a provider of mobile PERS, announced it is integrating its user and caregiver capabilities with Amazon’s Alexa platform.

Similarly, in July 2019, Tunstall Healthcare, the U.K.-based provider of digital health and connected care solutions and services, partnered with Telefónica Empresas, a telecommunications operator, for the provision of solutions and services for remote patient management in Spain.

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