Personal Emergency Response Systems Market Growth Size [2031]
Personal Emergency Response Systems Market Growth Size [2031]
Segments - Personal Emergency Response Systems (PERS) Market by Type (Mobile Devices, Standalone Devices, Landline Devices, Mobile Apps, Transmitters, and Others), Component (Fall Detection, Smoke Detection, Flood Detection, Pill-cord Residential, Bed Sensors, and Others), End-user (Home-based Users, Nursing Homes, Assisted Living Facilities, Hospitals, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :ICT-SE-5861
| 4.7 Rating
| 58 Reviews
| 197 Pages
| Format :
Report Description
Personal Emergency Response Systems (PERS) Market Outlook 2031
The global personal emergency response systems (PERS) market size was USD 6.9 billion in 2022 and is likely to reach USD 11.7 billion by 2031, expanding at a CAGR of 6.1% during 2023–2031. Increasing use of personal emergency response systems in various personal and medical emergencies across the globe is expected to propel the market during the forecast period.
Personal emergency response systems are useful during emergency events, such as a heart attack, a fall, an accident, threats, or any other medical or personal emergencies. It has the potential to save people from difficult times or call for help on their behalf when they are not able to ask for help.
These factors are anticipated to drive the global PERS market in the coming years. Furthermore, many key market players are collaborating with different healthcare centers to launch innovative products, for instance,
-
In February 2021, Connect America partnered with Urban Health Plan Inc. to promote the importance of personal emergency response systems. The aim of the partnership was to provide remote patient monitoring facilities to patients.
The market report states that the COVID-19 pandemic had a mild impact on the global personal emergency response systems (PERS) market, as the virus outbreak affected the demand and production of several drugs and medical equipment. This slightly affected the supply chain and distribution channels of the market.
However, the increasing number of quarantine patients affected by the virus during the pandemic boosted the demand for alarming and emergency response systems. Many people adopted wearable devices and sensors for personal safety, which helped the market gain significant revenue.
Impact of Artificial Intelligence on Personal Emergency Response Systems (PERS) Market
Rising integration of artificial intelligence (AI) in emergency response systems is gaining significant popularity among the key market players, as it gives them scope for business expansion. This further helps in the growth of the market.
This increases the efficacy of the response systems and propels the demand for the alert systems. Furthermore, product innovations using technologies such as AI are projected to boost the global market.
-
On January 3, 2023, FallCall Solutions, LLC. partnered with Hua Hong Seng Co., Ltd. for the launch of its medical alert and emergency response systems in Australia. HSC Talius Smart Care System is used on iPhone and Android devices and is equipped with Bluetooth service.
Personal Emergency Response Systems (PERS) Market Dynamics
Major Drivers
Increasing number of old people require the assistance of personal emergency response systems, as they are susceptible to medical emergencies and chronic health conditions, such as heart attacks and falls.
Thus, high demand for PERS among old people across the world helps in the market growth. Moreover, the rising awareness about the benefits of using PER systems among people generates high demand for PER systems.
Existing Restraints
High cost of implementing PERS is expected to affect the market growth, as it requires initial set-up costs and subscription costs. This lowers the demand for PERS among people in developing countries with less per capita income.
Moreover, the rising availability of cheap alternatives of the systems affects the market growth. Additionally, the risk of false alarms and low efficacy of the systems to perform their task restrains its demand among people, which, in turn, hinders the market growth.
Emerging Opportunities
Rapid growth in healthcare infrastructure across various nations is creating growth opportunities for the key market players. Many key players are adopting novel technologies such as the Internet of Things and machine learning in their products and are focusing on product innovations. This is further anticipated to create lucrative opportunities in the market.
Scope of Personal Emergency Response Systems (PERS) Market Report
The report includes an assessment of trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Personal Emergency Response Systems (PERS) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Type (Mobile Devices, Standalone Devices, Landline Devices, Mobile Apps, Transmitters, and Others), Component (Fall Detection, Smoke Detection, Flood Detection, Pill-cord Residential, Bed Sensors, and Others), and End-user (Home-based Users, Nursing Homes, Assisted Living Facilities, Hospitals, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
ADT; Ascom Holding AG; Bay Alarm Medical; Climax Technology Co., Ltd.; Doro AB; Essence Group; Koninklijke Philips N.V.; LIFECALL; LifeFone Medical Alert Services; and MobileHelp |
Personal Emergency Response Systems (PERS) Market Segment Insights
Type Segment Analysis
Based on type, the personal emergency response systems (PERS) market is divided into mobile devices, standalone devices, landline devices, mobile apps, transmitters, and others. The standalone devices segment is expected to expand at a major growth rate during the projection period, as they perform independently without requiring integration with the internet.
They are portable and are worn or carried along, which facilitates convenience and instant emergency calls. Moreover, these devices allow a person to operate independently indoors and outdoors. The geriatric population highly benefits from this type of PERS; thus, the segment is expected to help in significant revenue generation in the market.
The landline devices segment is anticipated to account for a significant market share during the forecast period, as they are easy to install and offer quick response. They also offer clearly audible instructions to the caregivers, which helps in providing effective care to the patients.
Furthermore, these systems use LAN technology, hence they are used within a wide feet range of areas in the house. Such factors increase the demand for PERS in home-based settings.
Component Segment Analysis
On the basis of component, the global market is segregated into fall detection, smoke detection, flood detection, pill-cord residential, bed sensors, and others. The fall detection segment is projected to expand at a considerable CAGR during the forecast period, as falling is common and causes severe injuries, leading to hospitalization.
Fall detectors have a sensor that detects sudden movements and triggers emergency calls automatically. Additionally, this component is in high demand among old people, as they have less body stability. They are highly adopting PESRs with fall detection technology to stay safe. This is projected to drive the segment.
End-user Segment Analysis
On the basis of end-user, the PERS market is segmented into home-based users, nursing homes, assisted living facilities, hospitals, and others. The assisted living facilities segment is expected to expand at a robust growth rate during the projection period, as several of these facilities use PERS for providing standard care services. Rising need of maintaining the safety and security of people is driving the demand for PERS in assisted living facilities, which further fuels the segment.
The home-based users segment is expected to hold a significant share of the market, owing to the rising number of old-aged patients who prefer to undergo medical treatments at home. They use PERS for personal emergencies and to seek help from their caregivers.
This aids caregivers to take care of the patients, thus propelling the segment during the assessment period. Increasing per capita income of people is encouraging them to spend on healthcare in home-based settings, which, in turn, propels the demand for PERS. For instance,
-
As per a report published on January 31, 2023, the global healthcare expenditure is expected to grow and reach over USD 10 trillion by the end of 2023. This is attributed to the rising public and government expenditure on healthcare during the pandemic.
Regional Outlook
In terms of region, the global PERS market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, due to the presence of a majority of market players in the region. Additionally, the region has a large pool of geriatric population, which needs an assistant for convenient living. Thus, the high demand for PER systems propels the regional market.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to the increasing old-age population in countries, such as China. Countries, including India, Japan, and Thailand, are registering high demand for PERS, as people in these countries are rapidly adopting modern technology and implementing it in their daily routines. These factors boost the market in the region.
Segments
The personal emergency response systems (PERS) market has been segmented on the basis of
Type
- Mobile Devices
- Standalone Devices
- Landline Devices
- Mobile Apps
- Transmitters
- Others
Component
- Fall Detection
- Smoke Detection
- Flood Detection
- Pill-cord Residential
- Bed Sensors
- Others
End-user
- Home-based Users
- Nursing Homes
- Assisted Living Facilities
- Hospitals
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ADT
- Ascom Holding AG
- Bay Alarm Medical
- Climax Technology Co., Ltd.
- Doro AB
- Essence Group
- Koninklijke Philips N.V.
- LIFECALL
- LifeFone Medical Alert Services
- MobileHelp
Competitive Landscape
Key players operating in the global PERS market include ADT; Ascom Holding AG; Bay Alarm Medical; Climax Technology Co., Ltd.; Doro AB; Essence Group; Koninklijke Philips N.V.; LIFECALL; LifeFone Medical Alert Services; and MobileHelp.
Several companies are implementing market expansion and growth strategies, such as divestitures, partnerships, acquisitions, R&D investments, mergers, collaborations, and product launches to boost their market share. For instance,
-
On March 29, 2023, Essence Group launched the novel SmartCall service to enable convenience of remote patient monitoring. It is an automatic digital call system for emergency cases.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Personal Emergency Response Systems (PERS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Personal Emergency Response Systems (PERS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Personal Emergency Response Systems (PERS) Market - Supply Chain
4.5. Global Personal Emergency Response Systems (PERS) Market Forecast
4.5.1. Personal Emergency Response Systems (PERS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Personal Emergency Response Systems (PERS) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Personal Emergency Response Systems (PERS) Market Absolute $ Opportunity
5. Global Personal Emergency Response Systems (PERS) Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Types
5.3.1. Mobile Devices
5.3.2. Standalone Devices
5.3.3. Landline Devices
5.3.4. Mobile Apps
5.3.5. Transmitters
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Personal Emergency Response Systems (PERS) Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by End Users
6.3.1. Home-based Users
6.3.2. Nursing Homes
6.3.3. Assisted Living Facilities
6.3.4. Hospitals
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Personal Emergency Response Systems (PERS) Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Personal Emergency Response Systems (PERS) Demand Share Forecast, 2019-2026
8. North America Personal Emergency Response Systems (PERS) Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Types
8.4.1. Mobile Devices
8.4.2. Standalone Devices
8.4.3. Landline Devices
8.4.4. Mobile Apps
8.4.5. Transmitters
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by End Users
8.7.1. Home-based Users
8.7.2. Nursing Homes
8.7.3. Assisted Living Facilities
8.7.4. Hospitals
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Personal Emergency Response Systems (PERS) Demand Share Forecast, 2019-2026
9. Latin America Personal Emergency Response Systems (PERS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Types
9.4.1. Mobile Devices
9.4.2. Standalone Devices
9.4.3. Landline Devices
9.4.4. Mobile Apps
9.4.5. Transmitters
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by End Users
9.7.1. Home-based Users
9.7.2. Nursing Homes
9.7.3. Assisted Living Facilities
9.7.4. Hospitals
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Personal Emergency Response Systems (PERS) Demand Share Forecast, 2019-2026
10. Europe Personal Emergency Response Systems (PERS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Types
10.4.1. Mobile Devices
10.4.2. Standalone Devices
10.4.3. Landline Devices
10.4.4. Mobile Apps
10.4.5. Transmitters
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by End Users
10.7.1. Home-based Users
10.7.2. Nursing Homes
10.7.3. Assisted Living Facilities
10.7.4. Hospitals
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Personal Emergency Response Systems (PERS) Demand Share Forecast, 2019-2026
11. Asia Pacific Personal Emergency Response Systems (PERS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Types
11.4.1. Mobile Devices
11.4.2. Standalone Devices
11.4.3. Landline Devices
11.4.4. Mobile Apps
11.4.5. Transmitters
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by End Users
11.7.1. Home-based Users
11.7.2. Nursing Homes
11.7.3. Assisted Living Facilities
11.7.4. Hospitals
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Personal Emergency Response Systems (PERS) Demand Share Forecast, 2019-2026
12. Middle East & Africa Personal Emergency Response Systems (PERS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by Types
12.4.1. Mobile Devices
12.4.2. Standalone Devices
12.4.3. Landline Devices
12.4.4. Mobile Apps
12.4.5. Transmitters
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Personal Emergency Response Systems (PERS) Market Size and Volume Forecast by End Users
12.7.1. Home-based Users
12.7.2. Nursing Homes
12.7.3. Assisted Living Facilities
12.7.4. Hospitals
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Personal Emergency Response Systems (PERS) Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Personal Emergency Response Systems (PERS) Market: Market Share Analysis
13.2. Personal Emergency Response Systems (PERS) Distributors and Customers
13.3. Personal Emergency Response Systems (PERS) Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. ADT
13.4.2. Ascom Holding AG
13.4.3. Bay Alarm Medical
13.4.4. Climax Technology Co., Ltd.
13.4.5. Doro AB
13.4.6. Essence Group
13.4.7. Koninklijke Philips N.V.
13.4.8. LIFECALL
13.4.9. LifeFone Medical Alert Services
13.4.10. MobileHelp
Methodology
Related Reports
Some other reports from this category!
Our Clients
