Personal Emergency Response Systems Companies
PERS companies offer devices and services that enable individuals to call for help in emergency situations, especially for elderly or disabled individuals living independently.
PERS companies offer devices and services that enable individuals to call for help in emergency situations, especially for elderly or disabled individuals living independently.
*Disclaimer: List of key companies in no particular order
The PERS market, catering to a growing need for safety and security among seniors and vulnerable individuals, is experiencing significant growth. This vibrant space, however, is characterized by intense competition, with established players vying for market share alongside innovative startups. To navigate this dynamic environment, understanding the competitive landscape is crucial.
Some of the Personal Emergency Response Systems (PERS) companies listed below:
Strategies Adopted by Key Players:
PERS companies are employing various strategies to gain market share:
Factors for Market Share Analysis:
New and Emerging Companies:
The PERS market is witnessing a surge of innovative startups challenging established players:
Latest Company Updates:
On May 31, 2023, Wearable Health Solutions Inc., a provider of wearable health solutions, launched a new DTC online platform to sell its personal emergency response systems (PERS) globally. Through this new direct-to-consumer (DTC) website, 1800medalert.com, the company aims to bring its innovative PERS to markets worldwide through a user-friendly online platform. Wearable Health Solutions wants to gain a strong foothold in the growing PERS market. The company also intends to streamline operational efficiencies and implement pricing strategies to boost profitability while delivering value to customers.
On Aug. 29, 2023, LogicMark, Inc. (LGMK), a provider of innovative personal safety and security technology, announced signing a manufacturing agreement with U.S.-based All Quality and Services (AQS), Inc. to provide new PERS devices to the care economy. LGMK and AQS would together engineer and manufacture new hardware devices, and the first product is scheduled to launch next year. An additional contract manufacturer based in the U.S. will help LGMK diversify its risk and minimize supply chain disruptions.
On Jan. 06, 2022, Essence Group, a leading technology group developing IoT-based security, safety, and healthcare solutions, launched a 5G-enabled mobile personal emergency response system (mPERS) at CES 2022. The new mPERS is an ultra-small, discreet device integrated with Essence's multi-service cloud. It offers fall detection, real-time activity monitoring, and two-way voice capabilities. It suits various personal security and care settings, including senior care and lone worker scenarios.
On Jun. 29, 2021, Medical Guardian announced its collaboration with BLACK+DECKER to introduce the new goViaTM line of personal emergency response systems designed to promote confident mobility for active older Americans. The goVia product range is one of the first for BLACK+DECKER Health, a new product category within BLACK+DECKER dedicated to providing innovative consumer health and wellness solutions.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)