Global personal emergency response systems market analysis and insights

The global Personal Emergency Response Systems (PERS) market estimated at US$8.39 billion in the year 2022 is now projected to grow at a CAGR of 9.51% and reach US$14.48 billion by 2028. This growth can be attributed to the aging population, prevalence of chronic illnesses and investments in healthcare infrastructure.

Technological advancements in biosensors and connectivity have played a significant role in the growth of the PERS market. Modern PERS devices often include GPS tracking, fall detection, two-way communication, and integration with smartphones, making them more effective and user-friendly.

As awareness about the benefits of PERS devices grows, more seniors and their families are embracing this technology. The peace of mind offered by PERS systems and their ability to extend independent living has contributed to their adoption.

The integration of PERS devices with Internet of Things (IoT) and smart home systems could offer numerous opportunities. AI and machine learning can enhance the capabilities of PERS devices. Predictive analytics can anticipate health issues and provide proactive alerts or interventions. AI-powered chatbots or virtual assistants could offer real-time health advice or emergency assistance.

Advances in wearable technology could lead to more discreet and comfortable PERS devices. Miniaturization and the development of biometric sensors could allow for PERS functionality to be seamlessly integrated into everyday wearables like smartwatches or clothing.

PERS systems can be further integrated with telemedicine services, allowing users to connect with healthcare professionals directly through their devices.

In some regions, governments and healthcare organizations have initiated programs to promote the use of PERS devices, especially among vulnerable populations. These initiatives can drive market growth by increasing accessibility and affordability.

The PERS market has seen increased competition, leading to innovation and improved product offerings. This competition can further drive market growth as companies strive to differentiate themselves through technology and service quality.

Personal emergency response systems regional market insights

North American PERS market is expected to grow significantly over the forecast period 2022-2028. This growth can be attributed to the increased awareness of PERSs, the prevalence of chronic diseases, and high risk of fall injuries. Other factors, such as the adoption of smart, wearable devices for monitoring health, rise in the geriatric population living independently, and favorable healthcare reforms contribute to the market’s growth. United States contributed around 78% of the total North American PERS market. It is estimated to have a market value of US$2.25 billion in the year 2022.

Asia Pacific PERS market is anticipated to witness an upsurge owing to the rapid industrialization and urbanization in developing countries like China, Japan and India. Moreover, the market is driven by high R&D expenditure by major players, combined with efforts to commercialize personal emergency response systems at affordable prices. China is expected to dominate the Asia-Pacific market and reach a market size of US$2.63 billion by 2028.

Within Europe, Germany, France, Italy and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 8.59% over the forecast period.

Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.

Key players

Key players profiled in the report include  ADT Inc.; AlertOne Services LLC; AT&T; Bay Alarm Medical; Careline365; CISCO Systems; ConnectAmerica LLC; Electronic Caregiver Inc.; Freeus; Galaxy Medical Alert Systems; Getsafe; Greatcall; Guardian Alarm; Honeywell International Inc.; Koninklijke Philips N.V.; Legrand Assisted Living & Healthcare; Life Alert Emergency Response, Inc.; LifeFone Medical Alert Services; Lifestation, Inc.; LogicMark Inc.; Medical Guardian; MobileHelp; Modivcare; Qmedic; Tunstall Group; Valued Relationships, Inc.; Vanguard Wireless and Verizon, among others.

Competitive Landscape

August 03, 2023 – The Monitoring Association (TMA) has announced that the Queen Anne’s County, Md., Emergency Services is the 131st Emergency Communications Center (ECC) in the United States to implement TMA’s Automated Secure Alarm Protocol (ASAP).

May 31, 2023 – Wearable Health Solutions Inc, a provider of wearable health solutions, announced the launch of its new direct-to-consumer (DTC) website, 1800medalert.com. The website aims to bring their innovative personal emergency response systems (PERS) to customers worldwide through a user-friendly online platform.

Personal emergency response systems market scope

• By type
  • Home/landline PERS
  • Mobile PERS
  • Standalone PERS

• By component
  • Hardware
  • Software
  • Services

• By application
  • Fall detection
  • Disease tracking
  • Proximity sensing
  • Health data integration
  • Home security monitoring
  • Location detection and tracking
  • Others

• By end-use segment
  • Male
  • Female

• By distribution channel
  • Pharmacies and drug stores
  • Online retailers
  • Medical equipment retailers
  • Healthcare providers
  • Others

• By region
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The research report  provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.

Research Methodology

Table of Contents

• Introduction
  • Market definition
  • Scope of the study
    • Research objectives
    • Assumptions & limitations
    • Currency and units considered
    • Market structure
• Research methodology
  • Primary research
  • Secondary research
  • Market analytics
  • Revenue forecasting
• Executive summary
• Market overview
  • Overview of personal emergency response systems market
  • Importance and applications of personal emergency response systems
  • Market dynamics
    • Growth drivers
    • Restraints
    • Opportunities
    • Challenges
  • Demand-supply dynamics
  • Technology roadmap
  • Sustainable strategies
• Industry analysis
  • Porter’s five forces analysis
    • Bargaining power of suppliers
    • Bargaining power of buyers
    • Threat of substitutes
    • Threat of new entrants
    • Competitive rivalry
  • Supply chain & value chain analysis
  • PESTLE Analysis
  • SWOT Analysis
  • Microeconomic factor analysis
  • Profitability analysis
• Market trends and emerging technologies
  • Advanced fall detection algorithms
  • Wearable devices and smartwatches
  • Voice recognition and virtual assistants
  • Telehealth services and solutions
  • mHealth
  • Home healthcare
  • Others
• COVID-19 impact analysis
  • Personal emergency response systems market
• Russia-Ukraine crisis impact analysis

Global personal emergency response systems market scope (Market size and projections, 2022-2028)

1. Market analysis by type
   1. Home/landline PERS
   2. Mobile PERS
   3. Standalone PERS
2. Market analysis by component
   1. Hardware
   2. Software
   3. Services
3. Market analysis by application
   1. Fall detection
   2. Disease tracking
   3. Proximity sensing
   4. Health data integration
   5. Home security monitoring
   6. Location detection and tracking
   7. Others
4. Market analysis by end-use segment
   1. Male
   2. Female
5. Market analysis by distribution channel
   1. Pharmacies and drug stores
   2. Online retailers
   3. Medical equipment retailers
   4. Healthcare providers
   5. Others
6. Market analysis by region
   1. North America
      1. US
      2. Canada
      3. Mexico
      4. Others
   2. South America
      1. Brazil
      2. Argentina
      3. Chile
      4. Colombia
      5. Peru
      6. Venezuela
      7. Ecuador
      8. Others
   3. Europe
      1. Germany
      2. France
      3. UK
      4. Russia
      5. Italy
      6. Spain
      7. Sweden
      8. Netherlands
      9. Poland
      10. Austria
      11. Belgium
      12. Finland
      13. Norway
      14. Switzerland
      15. Denmark
      16. Czech Republic
      17. Portugal
      18. Others
   4. Asia-Pacific
      1. China
      2. Japan
      3. South Korea
      4. Taiwan
      5. India
      6. Australia
      7. Indonesia
      8. Philippines
      9. Malaysia
      10. Others
   5. Middle East
      1. Iran
      2. Turkey
      3. Kuwait
      4. UAE
      5. Israel
      6. Oman
      7. Bahrain
      8. Saudi Arabia
      9. Qatar
      10. Egypt
      11. Others
   6. Africa
      1. Algeria
      2. Libya
      3. South Africa
      4. Sudan
      5. Zimbabwe
      6. Others
7. Competitive Landscape
   1. Introduction
   2. Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
   3. Market Strategy
   4. Mergers and Acquisitions
   5. New Product Launches
   6. Asset Transactions
   7. Financial Announcements
8. Company Profile (20 key market players)
   1. Company profile 1
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   2. Company profile 2
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   3. Company profile 3
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   4. Company profile 4
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   5. Company profile 5
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   6. Company profile 6
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   7. Company profile 7
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   8. Company profile 8
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   9. Company profile 9
      1. Company Overview
      2. Strategic Initiatives
      3. Financial Analysis
      4. Product Benchmarking
      5. SWOT Analysis
   10. Company profile 10
       1. Company Overview
       2. Strategic Initiatives
       3. Financial Analysis
       4. Product Benchmarking
       5. SWOT Analysis
   11. Other Companies

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