Personal Emergency Response Systems Market 2030 Emerging Trends and Global Demand During the COVID-19 Period till 2027 | Koninklijke Philips N.V., LifeWatch Services, Tunstall Healthcare

Coherent Market Insights published a report, titled, "Personal Emergency Response Systems Market, By Product (Landline Devices, Mobile Devices, Standalone Devices, Mobile Apps), By End User (Home Based Users, Assisted Living Facilities, Hospitals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle east & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027."

High cost of PERSs and services is expected to hinder growth of the global personal emergency response systems market. PERS is subscription-based, which may be monthly, quarterly or annual. The cost of the system ranges from US$ 600 to US$ 750.

Moreover, low adoption of PERS in emerging economies is also expected to limit growth of the market. High cost and low awareness of services are some of the factors that lead to low adoption of PERS in emerging economies.

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R&D in fall detection is expected to offer lucrative growth opportunities for players in the market. For instance, in February 2020, researchers from Shandong University, China, reported use of impulse–radio ultra-wideband monostatic radar and development of a learning model that combines convolutional layers and convolutional long short term memory to extract robust spatiotemporal features for fall detection.

Moreover, increasing adoption of wearable technologies is also expected to aid in growth of the market. For instance, companies such as Samsung and Apple offer digital watches with fall detection.

Key Players of Personal Emergency Response Systems Market: Koninklijke Philips N.V., LifeWatch Services, Inc., Tunstall Healthcare, ADT LLC, Medical Guardian LLC, MobileHelp, and Bay Alarm Company.

Segmentation:
By Product:
Landline Devices
Mobile Devices
Standalone Devices
Mobile Apps
By End User:
Home Based Users
Assisted Living Facilities
Hospitals

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Key Findings Of The Study
• By type, the absolute Personal Emergency Response Systems segment generated the highest revenue in 2020.
• By technology, the piezoresistive segment generated the highest revenue in 2020.
• By application, the automotive segment generated the highest revenue in 2020.

Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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