Global Personal Emergency Response System Market to Reach US$ 9.5 Billion by 2032, Fueled by the Increasing Prevalence of Chronic Conditions

October 12, 2023 | Healthcare

According to the latest report by IMARC Group, 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,” the global personal emergency response system market size reached US$ 6.2 Billion in 2023. The personal emergency response system (PERS) is a vital technology designed to provide immediate assistance to individuals, particularly the elderly or those with medical conditions, in case of emergencies. This system typically consists of a wearable device, often in the form of a pendant or wristband, equipped with a panic button. When a user faces an emergency, such as a fall or sudden illness, they can press the panic button to alert a monitoring center or a designated contact. The response can include dispatching emergency services or contacting a family member or caregiver, ensuring prompt assistance. PERS devices often incorporate advanced features, including fall detection and global positioning system (GPS) tracking to enhance their effectiveness.

Global Personal Emergency Response System Market Trends:

The rising use of PERS devices among the elderly population prone to developing severe medical ailments, is a primary driver contributing to the market growth. In line with this, the COVID-19 pandemic has highlighted the importance of remote monitoring and quick response systems, further boosting the adoption of PERS technologies in healthcare and non-healthcare settings. The market is also benefiting from ongoing technological advancements, such as the incorporation of innovative features like automatic fall detection, integrated mobile apps, and seamless connectivity with healthcare providers. Moreover, partnerships between PERS providers and healthcare institutions are becoming increasingly common, ensuring a seamless integration of these systems into healthcare ecosystems, which is propelling the market growth. Additionally, the increasing prevalence of chronic health conditions, including cardiovascular diseases (CVDs), diabetes, and respiratory illnesses, among the global population has led to a growing need for continuous monitoring and rapid emergency response, which is impelling the market growth. Furthermore, the growing integration of PERS technology into telehealth platforms allowing healthcare providers to remotely monitor patients' vital signs, and respond promptly to anomalies or distress signals, is aiding in market expansion. Apart from this, manufacturers are increasingly focusing on designing devices that are user-friendly, discreet, and aesthetically pleasing, encouraging wider acceptance and adoption of PERS technology, thereby, bolstering the market growth. Looking forward, the market value is projected to reach US$ 9.5 Billion by 2032, expanding at a CAGR of 4.71% during 2024-2032.

Market Summary:

Based on the type, the market has been segmented into mobile PERS, landline PERS, and others. Currently, mobile PERS accounts for the majority of the market share.
On the basis of the end user, the market has been categorized as home-based users, assisted living facilities, and others. Among these, home-based users represent the largest market segment.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. At present, North America is the largest market for personal emergency response systems.
The competitive landscape of the market has also been examined, with some of the key players being 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, and VRI Inc. (Modivcare Inc.), etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Types Covered	Mobile PERS, Landline PERS, Others
End Users Covered	Home-based Users, Assisted Living Facilities, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.), etc.
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Global Personal Emergency Response System Market to Reach US$ 9.5 Billion by 2032, Fueled by the Increasing Prevalence of Chronic Conditions

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