Personal Emergency Response Systems Market: Global Industry Analysis and Forecast 2015 - 2021

Personal emergency response systems also called as medical emergency response systems has three major components, a radio transmitter, a console connected with telephone and emergency response center. Personal emergency response systems are a part of tele-health market. Personal emergency response systems market includes numerous products. Button notification or pendants are the most basic type of personal emergency response systems. These systems are attached with the base station receiver in the users place. This base station is connected with the call center which manages all transmitted data and events information. Technical advancements are occurring but at slower rate in personal emergency response systems field. Fall detection technology was one of the recent inventions which was added in emergency response systems. Similar to home security systems, the market for personal emergency response systems is mostly dominated by direct to customer service. This type of service relationship is limiting the direct equipment sales. In recent years, the personal emergency response systems market is receiving high attention as it is involves healthcare related services which provide direct to consumer services. Though the personal emergency response systems market is well established, it has witnessed several innovations in operating business model during the last few years.

With increasing number of aging population the demand for home emergency response systems is increasing. Thus, aging population is one of the major driving factors for personal emergency response systems market. In early days, elderly people used to live with or nearby their family members; however, it has changed with the rising adoption of nuclear families culture. Thus, providing affordable solutions with actionable care are the factors driving adoption of personal emergency response systems for elderly populations. Furthermore, these systems help general population to overcome and monitor their health issues. Personal emergency response systems are providing health monitoring services for the elderly consumers directly. Increasing proliferation of information technology infrastructure is another factor which is assisting the growth of personal emergency response systems market. However, these personal emergency response systems are simplistic in nature and provide little in the form of life management and actual prevention. Furthermore, as the market for personal emergency response systems continues to evolve, new types of products and services are likely to be offered, with the evolution from simple and traditional personal emergency response systems to advanced healthcare presentation systems.

Personal emergency response systems market is segmented on the basis of type of services provided and geography. On the basis of type of service provided the personal emergency response systems market is segmented into automatic fall detection service, caregiver notifications service, user compliance tracking service and private caregiving websites. User compliance tracking includes detection of the patient when the emergency response system devices are not worn and reminding the seniors that they forget to wear the devices. Caregiver notification services provide adult children or any other authorized caregivers with text messages or emails.

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Caring, Inc., Halo Monitoring, Philips Home Healthcare Solutions, Wellcore Corporation, Jewish Home Lifecare and AT&T Inc., among others are some of the major vendors in personal emergency response systems market.

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