The global market for PERS) estimated at USD 9.38 Billion in the year 2023, is expected to reach a revised size of USD 17.39 Billion by 2032, growing at a CAGR of 7.1% over the forecast period 2024-2032.
Personal Emergency Response Systems (PERS) also known as Medical Emergency Response Systems are devices that allow people to call for help in an emergency simply by pushing a button These devices are undoubtedly designed for recipients in danger large enough to be institutionalized, in need of emergency assistance. PERS operates automatically by accessing all appropriate emergency procedures that issue an alert after activation. Response is quick so delayed support. As a result, these simple and simple devices have proven to be extremely useful and sometimes a real lifesaver.
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Key Players Covered in The Personal Emergency Response System (PERS) Market:
Koninklijke Philips N.V. (Netherlands), Honeywell International Inc (US), Life Alert Emergency Response Inc. (US), AlertONE Service Inc. (US), MedicAlert Foundation (US), ADT Security Services Inc. (US), Bay Alarm Medical (US), Shenzhen Giftshine Technology Co. Ltd. (China), Nortek Security & Control LLC (US), Galaxy Medical Alert Systems Ltd. (Canada), Medical Guardian LLP (US), Rope Innovation Co. Ltd. (China), Electronic Caregiver Inc. (US), Ningbo Hi-Tech Park Jabo Electronics Co. Ltd (China), Vanguard Wireless (Australia) , Tynetec Ltd. (UK) and Other Major Players.
Market Trend Analysis:
Increasing elderly population and increasing health problems leading to hospitalization:
Individual emergency plans are specially designed for seniors who are left alone at certain times of the day because they are at higher risk of falling in their old age, hence, certainly the increasing number of senior citizens and why that much is required warning systems.
Innovation and technological advances to suit all ages, abilities and preferences are the rise in smartphone usage among the elderly:
Currently, about 90 percent of adults age 50 and over prefer to stay in their homes rather than nursing homes, and the Personal Emergency Response System (PERS) as a medical alert system in such cases greatly assist seniors to maintain secure independence. Additionally, new advancements in mobile capabilities and sensors are now being continuously incorporated into these systems to provide better communication opportunities offered by advanced technologies such as the Internet of Things (IoT).
Market segments:
By Type:
· Standalone PERS
· Landline PERS
· Mobile PERS
By End-User:
· Home-Based Users
· Assisted Living Facilities
· Nursing Homes
· Senior Living Facilities
· Hospice Care
By Region:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA).
Regional Insights:
North American Countries With a rapidly growing chronic disease incidence and a large older population, the United States has approximately 13.2 million hospitalizations for adults 65 years of age and older each year, including medical conditions (67%). ), surgery (25%), injury (6%), and mental health and substance use conditions (2%). Such increasing hospitalizations and adult mobility or functional disabilities are driving the demand for personalized emergency systems in North America.
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