Global Personal Emergency Response System Industry: Key Statistics and Insights in 2024-2032

Summary:

• The global personal emergency response system market size reached USD 6.2 Billion in 2023.
• The market is expected to reach USD 9.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.71% during 2024-2032.
• North America leads the market, accounting for the largest personal emergency response system market share.
• Mobile PERS accounts for the majority of the market share in the type segment as it offers users the freedom to move around without being tethered to a fixed location.  
• Home-based users hold the largest share in the personal emergency response system industry.
• The rising aging population is a primary driver of the personal emergency response system market.
• Technological advancements and favorable government initiatives are reshaping the personal emergency response system market.

Industry Trends and Drivers:

• Aging Population:

The growing demand for personal emergency response system (PERS) among the aging population is offering a favorable market outlook. As life expectancy increases, a larger segment of the population consists of elderly individuals, many of whom face health challenges, mobility issues, and increased vulnerability to emergencies. This demographic shift is leading to a heightened demand for PERS, which provide a vital safety net by enabling older adults to call for help at the press of a button. Families are also more inclined to invest in these systems to ensure their loved ones’ safety while promoting independence. The aging population’s reliance on technology for daily living is catalyzing the demand for PERS as users seek systems that seamlessly integrate with their lifestyles and offer peace of mind to both users and caregivers.     

• Favorable Government Initiatives:

Governing agencies of various countries are undertaking several initiatives for the expansion of the PERS. They are recognizing the importance of ensuring the safety and well-being of their aging populations and have initiated programs to promote the adoption of PERS. These initiatives often include funding opportunities, awareness campaigns, and subsidies to make these systems more accessible. Governing authorities are also introducing grants to assist seniors in acquiring PERS, while healthcare organizations may provide recommendations or incentives for their use. Apart from this, public health policies are increasingly emphasizing the importance of preventive healthcare and independent living for the elderly, which is bolstering the market growth.   

• Technological Advancements:

Innovations in wearable devices, mobile applications, and smart home technology are making PERS more user-friendly, efficient, and appealing to consumers. Modern systems now feature global positioning system (GPS) tracking, fall detection, and two-way communication capabilities, enhancing their functionality and reliability. The integration of artificial intelligence (AI) and machine learning (ML) enables proactive health monitoring and alerts, allowing caregivers to respond promptly to emergencies. Additionally, the utilization of smartphones is facilitating the development of mobile PERS solutions, empowering users to access help anytime and anywhere. As technology continues to evolve, PERS systems are becoming increasingly sophisticated, which attracts a broader audience and drives market growth. 

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Personal Emergency Response System Market Report Segmentation:

Breakup By Type:

• Mobile PERS
• Landline PERS
• Others

Mobile PERS accounts for the majority of shares as it offers users the freedom to move around without being tethered to a fixed location.

Breakup By End User:

• Home-based Users
• Assisted Living Facilities
• Others

Home-based users dominate the market due to the rising focus on safety and security at home.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America enjoys the leading position owing to a large market for personal emergency response system driven by the presence of well-established healthcare infrastructure.

Top Personal Emergency Response System Market Leaders:

The personal emergency response system market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• ADT Inc.
• Alert1 Medical Alert Systems
• Bay Alarm Medical (Bay Alarm Company)
• GreatCall Inc. (Best Buy Co. Inc.)
• Guardian Alarm
• Koninklijke Philips N.V.
• Life Alert Emergency Response Inc.
• LogicMark Inc.
• Medical Guardian LLC
• Rescue Alert
• Tunstall Group Limited
• VRI Inc. (Modivcare Inc.)

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