Personal Emergency Response Systems Companies

*Disclaimer: List of key companies in no particular order

Competitive Landscape of Personal Emergency Response Systems (PERS) Market

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:

• ALERTONE SERVICES


• Cisco Systems


• Nortek Security and Control


• VRI


• Honeywell International


• Tunstall


• Robert Bosch GmbH


• GreatCall


• Koninklijke Philips NV


• ADT

Strategies Adopted by Key Players:

PERS companies are employing various strategies to gain market share:

• Specialization: Focusing on niche segments like medical alert systems for specific conditions or fall prevention solutions for independent living can create brand differentiation.


• Direct-to-Consumer Marketing: Leveraging digital channels and partnerships with senior communities and retirement homes allows for direct engagement with target customers.


• Partnerships and Collaborations: Collaborations with healthcare providers, insurance companies, and mobile network operators can expand reach and offer bundled services.


• Telehealth Integration: Integrating telehealth consultations into PERS platforms allows for remote care and faster response to medical emergencies.


• Data Analytics and Insights: Leveraging data from wearables and sensors to predict health risks and personalize safety plans can enhance user experience and attract tech-savvy customers.

Factors for Market Share Analysis:

• Product Portfolio: The breadth and depth of product offerings play a significant role. Companies with diverse solutions covering landline, mobile, and wearable devices cater to a wider customer base.


• Technology Integration: Advanced features like fall detection, medication reminders, and GPS tracking enhance user safety and convenience, giving companies a competitive edge.


• Monitoring and Response Services: The quality and efficiency of emergency response services are critical for market share. 24/7 monitoring centers and rapid response networks build trust and loyalty.


• Pricing and Subscription Models: Competitive pricing strategies, including tiered plans for different features and needs, can attract a broader audience.


• Target Customer Segment: Focusing on specific demographics, like seniors with chronic health conditions or active adults seeking outdoor safety, allows for targeted marketing and product development.

New and Emerging Companies:

The PERS market is witnessing a surge of innovative startups challenging established players:

• Bay Alarm Medical: Their focus on smart home integration and fall prevention systems caters to a tech-savvy senior audience.


• MobileHelp: Their mobile PERS solutions with GPS tracking and advanced fall detection appeal to active adults seeking outdoor safety.


• GreatCall: Their medical alert watches with medication reminders and telehealth consultations cater to seniors with chronic health conditions.


• AlertSOS: Their subscription-based model with affordable wearable devices and emergency response services makes PERS more accessible to a broader range of users
  

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.