Personal Emergency Response System Market Growth, Scope, Forecast 2024-2032

IMARC Group's report titled "Personal Emergency Response System Market by Type (Mobile PERS, Landline PERS, and Others), End User (Home-based Users, Assisted Living Facilities, and Others), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global personal emergency response system market growth. The global market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.71% during 2024-2032.

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Factors Affecting the Growth of the Personal Emergency Response System Industry:

• Aging Population:

As people are aging, their desire to maintain independence and live in their own homes is increasing. However, with age, the risk of medical emergencies, falls, and other health-related issues also rises. Personal emergency response system (PERS) devices enable older adults to access help quickly in emergencies, which can be crucial in promoting longer and safer independent living. Statistics show that falls are particularly common among the elderly, with significant potential for serious injuries. PERS devices, especially those equipped with fall detection technology, provide a safety net by alerting emergency services or family members when a fall is detected, even if the individual is unable to press a button.

• Technological Advancements:

Modern PERS devices are benefiting from advancements in mobile technology, including widespread cellular network coverage and the advent of 4G and 5G technologies. This allows users to carry emergency alert systems outside the home, ensuring continuous protection anywhere there is cell service. This mobility expands the market to include not just the homebound elderly but also active seniors and individuals with health concerns who travel or spend considerable time outdoors. Technological innovations are leading to the integration of features like GPS tracking, fall detection, and health monitoring in PERS devices. GPS tracking helps locate the user precisely in case of an emergency, which is crucial for quick response.

• Increasing Consumer Awareness:

As more people are becoming educated about the benefits of PERS devices, including safety, independence, and peace of mind, demand is growing. Awareness campaigns, testimonials, and user reviews help highlight how these systems can assist in emergency situations, leading to increased adoption among target demographics, especially the elderly and people with health issues. Increased marketing efforts by manufacturers and service providers are playing a key role in making these systems more visible to potential users. Advertising, online content, and presence in retail environments inform people about the latest advancements in PERS technology and their practical benefits.

Leading Companies Operating in the Global Personal Emergency Response System Industry:

• 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.)

Personal Emergency Response System Market Report Segmentation:

By Type:

• Mobile PERS
• Landline PERS
• Others

Mobile PERS represents the largest segment due to its versatility and functionality, enabling users to maintain safety and connectivity both at home and on the go, appealing to a broader range of lifestyles and needs.

By End User:

• Home-based Users
• Assisted Living Facilities
• Others

Home-based users hold the biggest market share as these systems primarily target seniors and individuals with medical conditions who prefer to live independently at home, thereby creating a substantial demand for PERS in residential settings.

Regional Insights:

• 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 in the personal emergency response system market on account of its high aging population, strong healthcare infrastructure, widespread adoption of advanced technologies, and significant health expenditure, all of which facilitate greater penetration and acceptance of PERS devices.

Global Personal Emergency Response System Market Trends:

The market is seeing a shift from traditional in-home systems to mobile and wearable PERS devices. These devices offer GPS tracking, cellular connectivity, and are designed to be used both inside and outside the home, appealing to a wider audience including active seniors and individuals with health concerns who are not necessarily home bound.

Modern PERS systems are increasingly equipped with sophisticated sensors and algorithms capable of monitoring vital signs, detecting falls automatically, and even predicting potential health issues based on data analytics, enhancing preventative care capabilities.

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