Global Personal Emergency Response Systems market is projected to reach USD 11.23 Billion by 2030, at a CAGR of 6.15% during the forecast period 2023-2030.
Research Reports
Aug 04, 2023
Market Research Future Insights
According to MRFR analysis, the global Personal Emergency Response Systems market is expected to register a CAGR of ~6.15% from 2023 to 2030 and hold a value of over USD 11.23 Billion by 2030.
The Personal Emergency Response Systems (PERS) market refers to the market for wearable devices or systems that provide immediate assistance to individuals during emergencies or when they require medical assistance. PERS devices typically consist of a wearable pendant or wristband with an emergency button that, when pressed, triggers a call to a monitoring center or contacts pre-designated individuals. These systems are primarily used by seniors or individuals with medical conditions or disabilities to summon help in case of falls, accidents, or other emergencies. The COVID-19 pandemic has had a significant impact on the PERS market. With the increased vulnerability of the elderly population and the need for remote monitoring and assistance, the demand for PERS devices surged. The pandemic highlighted the importance of staying connected and ensuring quick access to emergency help, particularly for individuals who were isolated or living alone. However, the pandemic also presented challenges to the market. Supply chain disruptions and manufacturing delays affected the availability and delivery of PERS devices. Economic uncertainties and reduced consumer spending in some regions may have impacted market growth.
Personal Emergency Response Systems Market Key Players
Some of the market key players are
- ALERTONE SERVICES
- Cisco Systems
- Nortek Security and Control
- VRI
- Honeywell International
- Tunstall
- Robert Bosch GmbH
- GreatCall
- Koninklijke Philips NV
- ADT
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Personal Emergency Response Systems Market Regional Analysis
North America holds a significant share in the market due to the high adoption rate of PERS devices and the presence of key market players. Europe also plays a prominent role, driven by the increasing aging population and government initiatives to support independent living. The Asia-Pacific region, particularly Japan and China, is witnessing rapid growth in the market, fueled by the growing geriatric population and the rising awareness of personal safety. Additionally, the Middle East and Africa region show potential for market expansion, driven by the increasing healthcare investments and the focus on improving elderly care services. Latin America also presents opportunities for market growth, driven by the rising need for elderly care solutions and the adoption of advanced healthcare technologies.
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Personal Emergency Response Systems Market Segmentation
The Global Personal Emergency Response Systems market has been segmented into type, Component and End-user
Based on Type: Standalone PERS, Transmitter, R-cube monitoring systems, Standalone voice dialer, Wandering system, Medical alarm system, Landline PERS, Mobile PERS, Wireless, GPS and Cellular
Based on Component: Smoke detectors, Bed sensors, Pull-cord residential, Fall detection sensors and Flood detectors
Based on End-user: Nursing home, Home-based user, Assisted living facilities, Hospices and Senior living facilities
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