Personal Emergency Response Systems (PERS)

Personal Emergency Response Systems (PERS)

Pandemic &Widespread Lockdowns Trigger the Rise & Rise of Telemedicine

The pandemic has catalyzed the hitherto underutilized and untapped potential of telemedicine. It is a case of creative and innovative disruption for digital healthcare technologies. With physician offices and out-patient clinics forced to remain closed and/or limit services to emergency care to prevent the spread of COVID-19 virus, the use of telemedicine has spiked across the globe. Defined as a technology that utilizes internet, mobile communications and videoconferencing tools to provide consultations over the phone and video chat, telemedicine is witnessing overnight success. Until now not fully adopted by healthcare payers, providers and patients, the pandemic and the social distancing need has triggered over 50x increase in adoption of telemedicine. Millions of patients and doctors have been forced to utilize telemedicine to ensure continuity of care during the pandemic. In the United States, in the year 2019, only 35% of physicians utilized telemedicine technologies in their practice. However, with the centers for disease control (CDC) urging healthcare providers to communicate with patients virtually, adoption has increased significantly. Policy led decisions and regulatory amendments have also catalyzed growth. The U. S. government for instance during the pandemic expanded telehealth consultations to nearly 62 million Medicare beneficiaries, while the Office of Civil Rights (ORC)temporarily lifted restrictions such as penalty for HIPAA violations for providers utilizing telehealth. Healthcare providers have also been allowed to reduce or waive deductibles for telehealth visits. Given the difficulties and challenges involved in ensuring conformance to rapidly evolving recommendations regarding Covid-19, outpatient practices are referring low to moderate risk patients to schedule video visits to avoid travel to in-person care sites.

Convergence With Telemedicine Gives PERS an Opportunity in Crisis. PERS to Post 14.8% Spike in 2020

The pandemic has created a high risk scenario for older adults with co morbid health conditions. COVID-19 mortality rate is significantly higher for aging adults over the age of 60 years. With aging seniors accounting for a sizable percentage of the population in developed countries, self-isolation is widely recommended for the elderly living alone in their own homes. To ensure timely and safe care amid the pandemic, PERS is increasingly being integrated with telemedicine. Given the current pandemic induced rise in telemedicine platforms, the convergence has been faster, more easier and profitable. Until now, PERS was just used as an effective support system to help senior citizens stay connected with emergency response centers and contacts 24×7. However, now with hospitals turning into high-risk facilities for the elderly, telemedicine is also beginning to be integrated to ensure that prompt care is given immediately even before first responders reach the patient physically. PERS-Telehealth combination is therefore growing in attractiveness for its ability to increase the overall value offered to the patient. While PERS activate semergencyalerts, simultaneous access to virtual doctors and nurses is also enabled via telemedicine to the patient. This ensures instant patient management with better patient outcomes. This combination also reduces the need for hospitalization by enabling delivery of preventive measures such as periodic self-care education, tracking vitals, and sending medication reminders. Developments in sensors, advanced algorithms, artificial intelligence & wearable medical devices are encouraging convergence of PERS with telehealth. The pandemic is also shedding a clear focus on IoT, analytics, mobility and cloud all which are enabling integration of PERS devices with telehealth services. At a time when access to health services is limited, the combination of PERS & telemedicine will allow non-COVID patients to stay connected with emergency response centers 24×7. The pandemic is providing a strong incentive for greater adoption of remote monitoring technologies and push towards a new care delivery model. The global market for Personal Emergency Response Systems (PERS)against this backdrop is expected to witness growth spike by 14.8% in 2020.

Market to Reach US$6.3 Billion by 2027 as New Remotely Delivered Care System Evolves Post COVID

As hospitals step-up deployment of remote patient monitoring infrastructure & integrate them into electronic medical record systems, PERS will witness a spike in growth in 2020 & beyond. The global PERS market is projected to reach a revised size of US$6.3 billion by the year 2027, trailing a CAGR of 6.1%. Mobile PERS, one of the segments analyzed in the report, is projected to grow at a 7.5% CAGR to reach US$5.7 billion by the end of the analysis period. Other major factors expected to remerge to drive growth in the post-COVID-19 period include increase in social and community centered programs and solutions such as home-based health programs that support aging in place; development of retirement communities and senior housing facilities; growing private investments in medical alert response services; robust foreign investments by overseas med-tech companies; launch of new smart devices with fall detection, disease tracking, proximity sensing and health data integration capabilities; and increased acceptance of technology-assisted healthcare among the educated elderly. COVID-19 has pushed social care services out of the embryonic stage in developing countries and the upcoming years will see a large chunk of projected growth coming Asia. Affluence of educated elderly individuals and their adult children and growing acceptance of smart phones and connected wearable's among the elderly will spur opportunities for Mobile PERS (mPERS).

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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Personal Emergency Response Systems (PERS) Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Personal Emergency Response Systems (PERS) Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Personal Emergency Response Systems (PERS) Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Personal Emergency Response Systems (PERS) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Mobile PERS (Product Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Mobile PERS (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Mobile PERS (Product Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Standalone PERS (Product Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Standalone PERS (Product Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Standalone PERS (Product Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Landline PERS (Product Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Landline PERS (Product Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Landline PERS (Product Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Other Product Types (Product Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Other Product Types (Product Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Other Product Types (Product Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Home-based Users (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 17: Home-based Users (End-Use) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 18: Home-based Users (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Nursing Homes (End-Use) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 20: Nursing Homes (End-Use) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
TABLE 21: Nursing Homes (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 22: Hospitals (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 23: Hospitals (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 24: Hospitals (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: Assisted Living Facilities (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 26: Assisted Living Facilities (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 27: Assisted Living Facilities (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Personal Emergency Response Systems (PERS) Market Share (in %) by Company: 2018 & 2027
Market Analytics
TABLE 28: United States Personal Emergency Response Systems (PERS) Market Estimates and Projections in US$ Million by Product Type: 2020 to 2027
TABLE 29: Personal Emergency Response Systems (PERS) Market in the United States by Product Type: A Historic Review in US$ Million for 2012-2019
TABLE 30: United States Personal Emergency Response Systems (PERS) Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 31: United States Personal Emergency Response Systems (PERS) Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 32: Personal Emergency Response Systems (PERS) Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
TABLE 33: Personal Emergency Response Systems (PERS) Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
TABLE 34: Canadian Personal Emergency Response Systems (PERS) Market Estimates and Forecasts in US$ Million by Product Type: 2020 to 2027
TABLE 35: Canadian Personal Emergency Response Systems (PERS) Historic Market Review by Product Type in US$ Million: 2012-2019
TABLE 36: Personal Emergency Response Systems (PERS) Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2012, 2020, and 2027
TABLE 37: Canadian Personal Emergency Response Systems (PERS) Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 38: Personal Emergency Response Systems (PERS) Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 39: Canadian Personal Emergency Response Systems (PERS) Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
TABLE 40: Japanese Market for Personal Emergency Response Systems (PERS): Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2020-2027
TABLE 41: Personal Emergency Response Systems (PERS) Market in Japan: Historic Sales Analysis in US$ Million by Product Type for the Period 2012-2019
TABLE 42: Japanese Personal Emergency Response Systems (PERS) Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 43: Japanese Demand Estimates and Forecasts for Personal Emergency Response Systems (PERS) in US$ Million by End-Use: 2020 to 2027
TABLE 44: Japanese Personal Emergency Response Systems (PERS) Market in US$ Million by End-Use: 2012-2019
TABLE 45: Personal Emergency Response Systems (PERS) Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
CHINA
TABLE 46: Chinese Personal Emergency Response Systems (PERS) Market Growth Prospects in US$ Million by Product Type for the Period 2020-2027
TABLE 47: Personal Emergency Response Systems (PERS) Historic Market Analysis in China in US$ Million by Product Type: 2012-2019
TABLE 48: Chinese Personal Emergency Response Systems (PERS) Market by Product Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 49: Chinese Demand for Personal Emergency Response Systems (PERS) in US$ Million by End-Use: 2020 to 2027
TABLE 50: Personal Emergency Response Systems (PERS) Market Review in China in US$ Million by End-Use: 2012-2019
TABLE 51: Chinese Personal Emergency Response Systems (PERS) Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Personal Emergency Response Systems (PERS) Market: Competitor Market Share Scenario (in %) for 2018 & 2027
Market Analytics
TABLE 52: European Personal Emergency Response Systems (PERS) Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 53: Personal Emergency Response Systems (PERS) Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 54: European Personal Emergency Response Systems (PERS) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: European Personal Emergency Response Systems (PERS) Market Estimates and Forecasts in US$ Million by Product Type: 2020-2027
TABLE 56: Personal Emergency Response Systems (PERS) Market in Europe in US$ Million by Product Type: A Historic Review for the Period 2012-2019
TABLE 57: European Personal Emergency Response Systems (PERS) Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 58: European Personal Emergency Response Systems (PERS) Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 59: Personal Emergency Response Systems (PERS) Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 60: European Personal Emergency Response Systems (PERS) Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
TABLE 61: Personal Emergency Response Systems (PERS) Market in France by Product Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 62: French Personal Emergency Response Systems (PERS) Historic Market Scenario in US$ Million by Product Type: 2012-2019
TABLE 63: French Personal Emergency Response Systems (PERS) Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 64: Personal Emergency Response Systems (PERS) Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 65: French Personal Emergency Response Systems (PERS) Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 66: French Personal Emergency Response Systems (PERS) Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
GERMANY
TABLE 67: Personal Emergency Response Systems (PERS) Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2020-2027
TABLE 68: German Personal Emergency Response Systems (PERS) Historic Market Analysis in US$ Million by Product Type: 2012-2019
TABLE 69: German Personal Emergency Response Systems (PERS) Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 70: Personal Emergency Response Systems (PERS) Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 71: German Personal Emergency Response Systems (PERS) Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 72: Personal Emergency Response Systems (PERS) Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
TABLE 73: Italian Personal Emergency Response Systems (PERS) Market Growth Prospects in US$ Million by Product Type for the Period 2020-2027
TABLE 74: Personal Emergency Response Systems (PERS) Historic Market Analysis in Italy in US$ Million by Product Type: 2012-2019
TABLE 75: Italian Personal Emergency Response Systems (PERS) Market by Product Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 76: Italian Demand for Personal Emergency Response Systems (PERS) in US$ Million by End-Use: 2020 to 2027
TABLE 77: Personal Emergency Response Systems (PERS) Market Review in Italy in US$ Million by End-Use: 2012-2019
TABLE 78: Italian Personal Emergency Response Systems (PERS) Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 79: United Kingdom Market for Personal Emergency Response Systems (PERS): Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2020-2027
TABLE 80: Personal Emergency Response Systems (PERS) Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Type for the Period 2012-2019
TABLE 81: United Kingdom Personal Emergency Response Systems (PERS) Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 82: United Kingdom Demand Estimates and Forecasts for Personal Emergency Response Systems (PERS) in US$ Million by End-Use: 2020 to 2027
TABLE 83: United Kingdom Personal Emergency Response Systems (PERS) Market in US$ Million by End-Use: 2012-2019
TABLE 84: Personal Emergency Response Systems (PERS) Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 85: Rest of Europe Personal Emergency Response Systems (PERS) Market Estimates and Forecasts in US$ Million by Product Type: 2020-2027
TABLE 86: Personal Emergency Response Systems (PERS) Market in Rest of Europe in US$ Million by Product Type: A Historic Review for the Period 2012-2019
TABLE 87: Rest of Europe Personal Emergency Response Systems (PERS) Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 88: Rest of Europe Personal Emergency Response Systems (PERS) Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 89: Personal Emergency Response Systems (PERS) Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 90: Rest of Europe Personal Emergency Response Systems (PERS) Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 91: Personal Emergency Response Systems (PERS) Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 92: Asia-Pacific Personal Emergency Response Systems (PERS) Historic Market Scenario in US$ Million by Product Type: 2012-2019
TABLE 93: Asia-Pacific Personal Emergency Response Systems (PERS) Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 94: Personal Emergency Response Systems (PERS) Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
TABLE 95: Asia-Pacific Personal Emergency Response Systems (PERS) Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 96: Asia-Pacific Personal Emergency Response Systems (PERS) Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
REST OF WORLD
TABLE 97: Rest of World Personal Emergency Response Systems (PERS) Market Estimates and Forecasts in US$ Million by Product Type: 2020 to 2027
TABLE 98: Rest of World Personal Emergency Response Systems (PERS) Historic Market Review by Product Type in US$ Million: 2012-2019
TABLE 99: Personal Emergency Response Systems (PERS) Market in Rest of World: Percentage Share Breakdown of Sales by Product Type for 2012, 2020, and 2027
TABLE 100: Rest of World Personal Emergency Response Systems (PERS) Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 101: Personal Emergency Response Systems (PERS) Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 102: Rest of World Personal Emergency Response Systems (PERS) Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 105

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