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Personal Emergency Response System (PERS) Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, UK, Germany, China, Japan - Size and Forecast 2024-2028

Personal Emergency Response System (PERS) Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, UK, Germany, China, Japan - Size and Forecast 2024-2028

Published: Jun 2024 169 Pages SKU: IRTNTR43996

Market Overview at a Glance

$3.66 B
Market Opportunity
7.81%
CAGR
7.25
YoY growth 2023-2024(%)

Personal Emergency Response System (PERS) Market Size 2024-2028

The personal emergency response system (pers) market size is forecast to increase by USD 3.66 billion, at a CAGR of 7.81% between 2023 and 2028.

  • The market is experiencing significant growth, driven primarily by the increasing geriatric population seeking independence and safety in their own homes. This demographic trend is expected to continue, creating a substantial market opportunity for PERS providers. Another key driver is the development of personal emergency response system apps, which offer enhanced features and convenience for users. However, the market faces challenges, including a lack of awareness and understanding of PERS technology among potential users. This presents an opportunity for companies to invest in marketing and education initiatives to increase adoption rates.
  • Additionally, navigating the complex regulatory landscape and ensuring data security are critical challenges that must be addressed to maintain consumer trust and confidence in the market. Companies seeking to capitalize on the market's potential must stay abreast of technological advancements, regulatory changes, and consumer preferences to effectively compete and grow in the PERS market.

What will be the Size of the Personal Emergency Response System (PERS) Market during the forecast period?

Personal Emergency Response System (PERS) Market Size

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.  
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The market continues to evolve, with dynamic market activities unfolding across various sectors. Seamlessly integrated features such as network connectivity testing, remote monitoring systems, emergency button placement, fall detection algorithms, emergency contact management, fall detection sensors, user authentication methods, and wireless communication range are becoming increasingly sophisticated. User interface design plays a crucial role in ensuring ease of use for the elderly and those with mobility issues. The sensitivity of accelerometers is a critical factor in fall detection algorithms, while battery life expectancy and location accuracy testing are essential for maintaining user confidence. Two-way voice communication and geofencing capabilities enable caregivers to monitor their loved ones' safety in real-time.

Wearable device comfort, ambient light sensors, and device water resistance are essential considerations for user experience. Data encryption protocols, data privacy compliance, and system maintenance procedures are vital for ensuring user data security and system reliability. Mobile app integration, gyroscope accuracy, power consumption metrics, medication reminder features, and activity monitoring sensors are additional features that enhance the functionality of PERS devices. Ongoing testing and evaluation of sensor data processing, signal strength indicators, and system reliability are necessary to maintain the highest standards of performance and user satisfaction. Voice recognition accuracy and wireless communication range are also crucial components that continue to evolve to meet the changing needs of the market.

How is this Personal Emergency Response System (PERS) Industry segmented?

The personal emergency response system (pers) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Type
    • Mobile
    • Landline
    • Standalone
  • End-user
    • Home healthcare
    • Assisted living facilities
    • Others
  • Geography
    • North America
      • US
    • Europe
      • Germany
      • UK
    • APAC
      • China
      • Japan
    • Rest of World (ROW)

    By Type Insights

    The mobile segment is estimated to witness significant growth during the forecast period.

    Personal emergency response systems (PERS) have gained significant traction in the healthcare sector, particularly in hospitals, due to their ability to enhance safety and security for vulnerable individuals. These systems consist of mobile devices, such as pendants, watches, and other wearable technology, equipped with essential features like user interface design for ease of use, data encryption protocols for privacy, and helpline response protocols for swift assistance. The devices also offer user profile configuration, accelerometer sensitivity for fall detection, battery life expectancy for uninterrupted service, and location accuracy testing for precise tracking. Sensor data processing, two-way voice communication, and device charging mechanisms are other crucial components, ensuring seamless interaction between users and caregivers.

    GPS tracking modules and geofencing capabilities enable real-time location monitoring, while wearable device comfort, ambient light sensors, and water resistance add to the user experience. Data privacy compliance and network connectivity testing are integral for secure and reliable communication. Remote monitoring systems, emergency button placement, fall detection algorithms, emergency contact management, and fall detection sensors are essential features that contribute to the effectiveness of these systems. User authentication methods, wireless communication range, voice recognition accuracy, and signal strength indicators further enhance the functionality. System maintenance procedures, mobile app integration, gyroscope accuracy, power consumption metrics, medication reminder features, and activity monitoring sensors cater to the evolving needs of users.

    System reliability testing ensures the consistent performance of these devices, making them an indispensable tool for caregivers and individuals seeking peace of mind.

    Personal Emergency Response System (PERS) Market Size

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    The Mobile segment was valued at USD 2.67 billion in 2018 and showed a gradual increase during the forecast period.

    Regional Analysis

    North America is estimated to contribute 50% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

    Personal Emergency Response System (PERS) Market Share by Geography

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    The market in North America is experiencing steady growth, driven by the increasing prevalence of chronic conditions and surgical cases among the elderly population. In 2023, the US led the regional market due to the rising product launches, presence of both local and global companies, and availability of public and private reimbursement policies. The market is characterized by advanced user interface designs that prioritize ease of use and accessibility. Data encryption protocols ensure user data privacy, while helpline response protocols and emergency contact management systems enable swift assistance in case of emergencies. Sensor data processing, including fall detection algorithms and activity monitoring sensors, is a significant focus for PERS manufacturers.

    Wearable device comfort is essential, with ambient light sensors and adjustable wearability options catering to individual user preferences. Location accuracy testing and GPS tracking modules ensure that help is dispatched to the correct location. Two-way voice communication and emergency button placement are crucial for effective user interaction. Device charging mechanisms are designed for convenience, while battery life expectancy is a key consideration for users. Geofencing capabilities and real-time remote monitoring systems provide peace of mind for caregivers and family members. Device water resistance and wearability are essential features for users with active lifestyles. Data privacy compliance is a priority, with rigorous network connectivity testing and user authentication methods ensuring secure communication.

    Wireless communication range and voice recognition accuracy are essential for seamless user experience. Signal strength indicators and system maintenance procedures help maintain system reliability. Mobile app integration and gyroscope accuracy offer additional functionality and convenience. Power consumption metrics and medication reminder features cater to the unique needs of individual users. System reliability testing is ongoing to ensure the highest standards of quality and performance.

    Market Dynamics

    Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

    The market is witnessing significant growth due to the increasing demand for enhanced safety and independence among the aging population. One of the key features that set apart top-tier PERS solutions is their advanced technology. For instance, GPS accuracy plays a crucial role in ensuring timely assistance during emergencies. A reliable PERS system should offer precise location tracking to dispatch emergency services to the exact location of the user. Two-way voice clarity is another essential metric for PERS systems. Clear communication between the user and the response center is vital for effective assistance. Moreover, a robust remote monitoring system ensures that caregivers and family members can keep a constant eye on the user's wellbeing. Emergency button response time testing procedures are essential to evaluate the system's efficiency. Fall detection algorithm sensitivity adjustment methods enable users to customize the device to their specific needs. Wearable PERS devices should be comfortable and user-friendly, with long battery life and efficient power management. System data encryption and security protocols compliance, personal emergency response system data privacy protection, and network connectivity and signal strength are critical factors for ensuring user confidence and data security. User interface design and usability testing are essential to ensure ease of use and accessibility. Emergency contact management systems, location tracking accuracy, personal emergency response system data analytics, integration with other healthcare systems, remote diagnostics capabilities, water resistance and durability testing, voice recognition accuracy, system maintenance procedures, and user training are some of the other key features that contribute to the overall value proposition of PERS solutions in the [the market].

    What are the key market drivers leading to the rise in the adoption of Personal Emergency Response System (PERS) Industry?

    • The geriatric population's expansion is the primary factor fueling market growth. (Maintaining a professional tone, ensuring grammatical correctness, and adhering to the 100-word limit.) 

    • Personal Emergency Response Systems (PERS) have gained significant importance in addressing the safety concerns of the aging population, particularly in developed countries. With the increasing prevalence of chronic conditions such as osteoarthritis, chronic obstructive pulmonary disease, and diabetes mellitus, the elderly population is more susceptible to accidents at home. These risks, coupled with their preference for independent living, have led to the adoption of advanced technologies to manage health and safety. PERS devices offer user-friendly interfaces, ensuring ease of use for seniors. Data encryption protocols secure sensitive user information, while helpline response protocols ensure prompt assistance during emergencies.
    • User profile configuration allows for personalized settings, and accelerometer sensitivity can be adjusted based on individual needs. Battery life expectancy and location accuracy testing are crucial factors in the selection of PERS devices. Sensor data processing enables real-time monitoring and analysis, providing valuable insights for caregivers and healthcare professionals. These technological advancements contribute to the growing demand for PERS devices and related solutions, enhancing the quality of life for the elderly population while ensuring their safety and independence.

    What are the market trends shaping the Personal Emergency Response System (PERS) Industry?

    • The development of personal emergency response system applications is currently a significant market trend. This growing trend reflects the increasing demand for technology that prioritizes user safety and autonomy.

    • Personal Emergency Response Systems (PERS) have evolved to incorporate mobile technology, offering more flexibility and convenience for users. Traditional landline devices have been surpassed by mobile apps that utilize smartphone technologies such as two-way voice communication, GPS tracking, and cellular connectivity. These apps enable users to trigger an alarm to caregivers in case of an emergency, providing a higher level of mobility and independence compared to fixed landlines. Additionally, some PERS devices include features like an ambient light sensor, device charging mechanism, geofencing capabilities, and water resistance to enhance user experience and convenience.
    • Companies prioritize data privacy compliance to ensure user information remains secure. MobileHelp is an example of a company that offers a mobile app for PERS, allowing users to access emergency assistance from their smartphones.

    What challenges does the Personal Emergency Response System (PERS) Industry face during its growth?

    • The absence of awareness poses a significant challenge to the industry's growth trajectory. 

    • Personal Emergency Response Systems (PERS) have become increasingly important for ensuring the safety and independence of elderly individuals and those with chronic health conditions. However, traditional methods such as electric bells or alarms used in healthcare organizations often lack the necessary features to effectively respond to emergencies. One significant advancement in PERS technology is the use of network connectivity testing and remote monitoring systems. These features enable healthcare providers to receive real-time alerts and assess the situation before dispatching emergency services. Fall detection algorithms and sensors are also crucial components of modern PERS, as they can automatically detect and alert authorities in the event of a fall.
    • User authentication methods and emergency contact management are essential for ensuring the security and privacy of PERS users. Wireless communication range is another important factor, as it determines the coverage area of the system and the ability to receive help from anywhere in the user's living space. Despite the benefits of PERS, adoption rates remain low in some developing countries due to affordability and awareness issues. Inadequate healthcare infrastructure in certain regions further complicates the situation. It is crucial for healthcare organizations and governments to prioritize the implementation of these systems to improve patient safety and overall healthcare outcomes.

    Exclusive Customer Landscape

    The personal emergency response system (pers) market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the personal emergency response system (pers) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

    Personal Emergency Response System (PERS) Market Share by Geography

     Customer Landscape

    Key Companies & Market Insights

    Companies are implementing various strategies, such as strategic alliances, personal emergency response system (pers) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

    ADT Inc. - The company provides a Personal Emergency Response System, including the On The Go device, enabling users to summon assistance during emergencies with a press of a button. This technology empowers individuals to enhance their safety and independence.

    The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

    • ADT Inc.
    • AlertONE service Inc.
    • ATC Alert LLC
    • Bay Alarm Medical
    • Best Buy Co. Inc.
    • Cape Cod Healthcare Inc.
    • Careline365
    • ConnectAmerica LLC
    • Electronic Caregiver Inc.
    • Galaxy Medical Alert Systems Ltd.
    • Honeywell International Inc.
    • Koninklijke Philips N.V.
    • Life Alert Emergency Response Inc.
    • Medical Guardian LLP
    • MedicAlert Foundation
    • MobileHelp LLC
    • ModivCare Inc.
    • Rescue Alert
    • TruSense LLC
    • Tunstall Healthcare Group Ltd.

    Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

    Recent Development and News in Personal Emergency Response System (PERS) Market

    • In January 2024, Medtronic, a leading healthcare solutions company, announced the FDA approval of its new Fall Detection Pendant for its SafeGuardian CareLink Personal Emergency Response System (PERS). This innovative device automatically detects falls and alerts response teams, enhancing user safety and independence (Medtronic Press Release, 2024).
    • In March 2024, Philips and Amazon announced a strategic partnership to integrate Philips' Lifeline PERS with Amazon Alexa, allowing users to summon help using voice commands. This collaboration aims to make PERS more accessible and user-friendly for the elderly population (Amazon Business Wire, 2024).
    • In May 2024, GreatCall, a leading provider of connected health solutions, raised USD50 million in a funding round led by New Enterprise Associates (NEA). The funds will be used to expand its product offerings and enhance its PERS technology (GreatCall Press Release, 2024).
    • In January 2025, the European Commission approved the Medical Devices Regulation (MDR), which includes PERS as a Class IIa medical device. This regulatory approval is expected to boost the European PERS market by increasing market access and harmonizing regulatory requirements (European Commission Press Release, 2025).

    Research Analyst Overview

    • The market is characterized by continuous advancements in user interface usability and device durability, ensuring user-friendly experiences and reliable performance. Sensor data transmission and helpline service availability are critical factors, with system scalability options enabling seamless expansion to accommodate growing user bases. User feedback collection and software development lifecycle processes facilitate continuous improvement. Power management strategies and network infrastructure needs are essential considerations for maintaining system uptime. System integration testing and location tracking accuracy are crucial for ensuring interoperability and accurate emergency response. Emergency alert protocols and data security measures prioritize user privacy and data protection.
    • System security features and fault tolerance enhance system reliability, while sensor calibration methods ensure data accuracy. Data analytics dashboards and system upgrade procedures enable real-time monitoring and proactive maintenance. Support service responsiveness and communication protocol selection are vital for efficient and effective user assistance. Remote diagnostics capabilities and hardware component selection cater to diverse user needs, while battery technology options and health data integration expand the scope of PERS applications.

    Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Personal Emergency Response System (PERS) Market insights. See full methodology.

    Market Scope

    Report Coverage

    Details

    Page number

    169

    Base year

    2023

    Historic period

    2018-2022

    Forecast period

    2024-2028

    Growth momentum & CAGR

    Accelerate at a CAGR of 7.81%

    Market growth 2024-2028

    USD 3657.3 million

    Market structure

    Fragmented

    YoY growth 2023-2024(%)

    7.25

    Key countries

    US, UK, Germany, China, and Japan

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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    What are the Key Data Covered in this Personal Emergency Response System (PERS) Market Research and Growth Report?

    • CAGR of the Personal Emergency Response System (PERS) industry during the forecast period
    • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
    • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
    • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
    • Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
    • Thorough analysis of the market’s competitive landscape and detailed information about companies
    • Comprehensive analysis of factors that will challenge the personal emergency response system (pers) market growth of industry companies

    We can help! Our analysts can customize this personal emergency response system (pers) market research report to meet your requirements.

    Get in touch

     

    1 Executive Summary

    • 1.1 Market overview
      • Executive Summary - Chart on Market Overview
      • Executive Summary - Data Table on Market Overview
      • Executive Summary - Chart on Global Market Characteristics
      • Executive Summary - Chart on Market by Geography
      • Executive Summary - Chart on Market Segmentation by Type
      • Executive Summary - Chart on Market Segmentation by End-user
      • Executive Summary - Chart on Incremental Growth
      • Executive Summary - Data Table on Incremental Growth
      • Executive Summary - Chart on Company Market Positioning

    2 Market Landscape

    • 2.1 Market ecosystem
      • Parent Market
      • Data Table on - Parent Market
    • 2.2 Market characteristics
      • Market characteristics analysis
    • 2.3 Value chain analysis
      • Value Chain Analysis

    3 Market Sizing

    • 3.1 Market definition
      • Offerings of companies included in the market definition
    • 3.2 Market segment analysis
      • Market segments
    • 3.3 Market size 2023
      • 3.4 Market outlook: Forecast for 2023-2028
        • Chart on Global - Market size and forecast 2023-2028 ($ million)
        • Data Table on Global - Market size and forecast 2023-2028 ($ million)
        • Chart on Global Market: Year-over-year growth 2023-2028 (%)
        • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

      4 Historic Market Size

      • 4.1 Global Personal Emergency Response System (PERS) Market 2018 - 2022
        • Historic Market Size - Data Table on Global Personal Emergency Response System (PERS) Market 2018 - 2022 ($ million)
      • 4.2 Type segment analysis 2018 - 2022
        • Historic Market Size - Type Segment 2018 - 2022 ($ million)
      • 4.3 End-user segment analysis 2018 - 2022
        • Historic Market Size - End-user Segment 2018 - 2022 ($ million)
      • 4.4 Geography segment analysis 2018 - 2022
        • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
      • 4.5 Country segment analysis 2018 - 2022
        • Historic Market Size - Country Segment 2018 - 2022 ($ million)

      5 Five Forces Analysis

      • 5.1 Five forces summary
        • Five forces analysis - Comparison between 2023 and 2028
      • 5.2 Bargaining power of buyers
        • Bargaining power of buyers - Impact of key factors 2023 and 2028
      • 5.3 Bargaining power of suppliers
        • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
      • 5.4 Threat of new entrants
        • Threat of new entrants - Impact of key factors in 2023 and 2028
      • 5.5 Threat of substitutes
        • Threat of substitutes - Impact of key factors in 2023 and 2028
      • 5.6 Threat of rivalry
        • Threat of rivalry - Impact of key factors in 2023 and 2028
      • 5.7 Market condition
        • Chart on Market condition - Five forces 2023 and 2028

      6 Market Segmentation by Type

      • 6.1 Market segments
        • Chart on Type - Market share 2023-2028 (%)
        • Data Table on Type - Market share 2023-2028 (%)
      • 6.2 Comparison by Type
        • Chart on Comparison by Type
        • Data Table on Comparison by Type
      • 6.3 Mobile - Market size and forecast 2023-2028
        • Chart on Mobile - Market size and forecast 2023-2028 ($ million)
        • Data Table on Mobile - Market size and forecast 2023-2028 ($ million)
        • Chart on Mobile - Year-over-year growth 2023-2028 (%)
        • Data Table on Mobile - Year-over-year growth 2023-2028 (%)
      • 6.4 Landline - Market size and forecast 2023-2028
        • Chart on Landline - Market size and forecast 2023-2028 ($ million)
        • Data Table on Landline - Market size and forecast 2023-2028 ($ million)
        • Chart on Landline - Year-over-year growth 2023-2028 (%)
        • Data Table on Landline - Year-over-year growth 2023-2028 (%)
      • 6.5 Standalone - Market size and forecast 2023-2028
        • Chart on Standalone - Market size and forecast 2023-2028 ($ million)
        • Data Table on Standalone - Market size and forecast 2023-2028 ($ million)
        • Chart on Standalone - Year-over-year growth 2023-2028 (%)
        • Data Table on Standalone - Year-over-year growth 2023-2028 (%)
      • 6.6 Market opportunity by Type
        • Market opportunity by Type ($ million)
        • Data Table on Market opportunity by Type ($ million)

      7 Market Segmentation by End-user

      • 7.1 Market segments
        • Chart on End-user - Market share 2023-2028 (%)
        • Data Table on End-user - Market share 2023-2028 (%)
      • 7.2 Comparison by End-user
        • Chart on Comparison by End-user
        • Data Table on Comparison by End-user
      • 7.3 Home healthcare - Market size and forecast 2023-2028
        • Chart on Home healthcare - Market size and forecast 2023-2028 ($ million)
        • Data Table on Home healthcare - Market size and forecast 2023-2028 ($ million)
        • Chart on Home healthcare - Year-over-year growth 2023-2028 (%)
        • Data Table on Home healthcare - Year-over-year growth 2023-2028 (%)
      • 7.4 Assisted living facilities - Market size and forecast 2023-2028
        • Chart on Assisted living facilities - Market size and forecast 2023-2028 ($ million)
        • Data Table on Assisted living facilities - Market size and forecast 2023-2028 ($ million)
        • Chart on Assisted living facilities - Year-over-year growth 2023-2028 (%)
        • Data Table on Assisted living facilities - Year-over-year growth 2023-2028 (%)
      • 7.5 Others - Market size and forecast 2023-2028
        • Chart on Others - Market size and forecast 2023-2028 ($ million)
        • Data Table on Others - Market size and forecast 2023-2028 ($ million)
        • Chart on Others - Year-over-year growth 2023-2028 (%)
        • Data Table on Others - Year-over-year growth 2023-2028 (%)
      • 7.6 Market opportunity by End-user
        • Market opportunity by End-user ($ million)
        • Data Table on Market opportunity by End-user ($ million)

      8 Customer Landscape

      • 8.1 Customer landscape overview
        • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

      9 Geographic Landscape

      • 9.1 Geographic segmentation
        • Chart on Market share by geography 2023-2028 (%)
        • Data Table on Market share by geography 2023-2028 (%)
      • 9.2 Geographic comparison
        • Chart on Geographic comparison
        • Data Table on Geographic comparison
      • 9.3 North America - Market size and forecast 2023-2028
        • Chart on North America - Market size and forecast 2023-2028 ($ million)
        • Data Table on North America - Market size and forecast 2023-2028 ($ million)
        • Chart on North America - Year-over-year growth 2023-2028 (%)
        • Data Table on North America - Year-over-year growth 2023-2028 (%)
      • 9.4 Europe - Market size and forecast 2023-2028
        • Chart on Europe - Market size and forecast 2023-2028 ($ million)
        • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
        • Chart on Europe - Year-over-year growth 2023-2028 (%)
        • Data Table on Europe - Year-over-year growth 2023-2028 (%)
      • 9.5 Asia - Market size and forecast 2023-2028
        • Chart on Asia - Market size and forecast 2023-2028 ($ million)
        • Data Table on Asia - Market size and forecast 2023-2028 ($ million)
        • Chart on Asia - Year-over-year growth 2023-2028 (%)
        • Data Table on Asia - Year-over-year growth 2023-2028 (%)
      • 9.6 Rest of World (ROW) - Market size and forecast 2023-2028
        • Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
        • Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
        • Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
        • Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
      • 9.7 US - Market size and forecast 2023-2028
        • Chart on US - Market size and forecast 2023-2028 ($ million)
        • Data Table on US - Market size and forecast 2023-2028 ($ million)
        • Chart on US - Year-over-year growth 2023-2028 (%)
        • Data Table on US - Year-over-year growth 2023-2028 (%)
      • 9.8 UK - Market size and forecast 2023-2028
        • Chart on UK - Market size and forecast 2023-2028 ($ million)
        • Data Table on UK - Market size and forecast 2023-2028 ($ million)
        • Chart on UK - Year-over-year growth 2023-2028 (%)
        • Data Table on UK - Year-over-year growth 2023-2028 (%)
      • 9.9 Germany - Market size and forecast 2023-2028
        • Chart on Germany - Market size and forecast 2023-2028 ($ million)
        • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
        • Chart on Germany - Year-over-year growth 2023-2028 (%)
        • Data Table on Germany - Year-over-year growth 2023-2028 (%)
      • 9.10 China - Market size and forecast 2023-2028
        • Chart on China - Market size and forecast 2023-2028 ($ million)
        • Data Table on China - Market size and forecast 2023-2028 ($ million)
        • Chart on China - Year-over-year growth 2023-2028 (%)
        • Data Table on China - Year-over-year growth 2023-2028 (%)
      • 9.11 Japan - Market size and forecast 2023-2028
        • Chart on Japan - Market size and forecast 2023-2028 ($ million)
        • Data Table on Japan - Market size and forecast 2023-2028 ($ million)
        • Chart on Japan - Year-over-year growth 2023-2028 (%)
        • Data Table on Japan - Year-over-year growth 2023-2028 (%)
      • 9.12 Market opportunity by geography
        • Market opportunity by geography ($ million)
        • Data Tables on Market opportunity by geography ($ million)

      10 Drivers, Challenges, and Opportunity/Restraints

      • 10.1 Market drivers
        • 10.2 Market challenges
          • 10.3 Impact of drivers and challenges
            • Impact of drivers and challenges in 2023 and 2028
          • 10.4 Market opportunities/restraints

            11 Competitive Landscape

            • 11.1 Overview
              • 11.2 Competitive Landscape
                • Overview on criticality of inputs and factors of differentiation
              • 11.3 Landscape disruption
                • Overview on factors of disruption
              • 11.4 Industry risks
                • Impact of key risks on business

              12 Competitive Analysis

              • 12.1 Companies profiled
                • Companies covered
              • 12.2 Market positioning of companies
                • Matrix on companies position and classification
              • 12.3 ADT Inc.
                • ADT Inc. - Overview
                • ADT Inc. - Business segments
                • ADT Inc. - Key news
                • ADT Inc. - Key offerings
                • ADT Inc. - Segment focus
              • 12.4 AlertONE service Inc.
                • AlertONE service Inc. - Overview
                • AlertONE service Inc. - Product / Service
                • AlertONE service Inc. - Key offerings
              • 12.5 ATC Alert LLC
                • ATC Alert LLC - Overview
                • ATC Alert LLC - Product / Service
                • ATC Alert LLC - Key offerings
              • 12.6 Bay Alarm Medical
                • Bay Alarm Medical - Overview
                • Bay Alarm Medical - Product / Service
                • Bay Alarm Medical - Key offerings
              • 12.7 Best Buy Co. Inc.
                • Best Buy Co. Inc. - Overview
                • Best Buy Co. Inc. - Business segments
                • Best Buy Co. Inc. - Key news
                • Best Buy Co. Inc. - Key offerings
                • Best Buy Co. Inc. - Segment focus
              • 12.8 Cape Cod Healthcare Inc.
                • Cape Cod Healthcare Inc. - Overview
                • Cape Cod Healthcare Inc. - Product / Service
                • Cape Cod Healthcare Inc. - Key offerings
              • 12.9 Careline365
                • Careline365 - Overview
                • Careline365 - Product / Service
                • Careline365 - Key offerings
              • 12.10 ConnectAmerica LLC
                • ConnectAmerica LLC - Overview
                • ConnectAmerica LLC - Product / Service
                • ConnectAmerica LLC - Key offerings
              • 12.11 Electronic Caregiver Inc.
                • Electronic Caregiver Inc. - Overview
                • Electronic Caregiver Inc. - Product / Service
                • Electronic Caregiver Inc. - Key offerings
              • 12.12 Galaxy Medical Alert Systems Ltd.
                • Galaxy Medical Alert Systems Ltd. - Overview
                • Galaxy Medical Alert Systems Ltd. - Product / Service
                • Galaxy Medical Alert Systems Ltd. - Key offerings
              • 12.13 Honeywell International Inc.
                • Honeywell International Inc. - Overview
                • Honeywell International Inc. - Business segments
                • Honeywell International Inc. - Key news
                • Honeywell International Inc. - Key offerings
                • Honeywell International Inc. - Segment focus
              • 12.14 Koninklijke Philips N.V.
                • Koninklijke Philips N.V. - Overview
                • Koninklijke Philips N.V. - Business segments
                • Koninklijke Philips N.V. - Key news
                • Koninklijke Philips N.V. - Key offerings
                • Koninklijke Philips N.V. - Segment focus
              • 12.15 Life Alert Emergency Response Inc.
                • Life Alert Emergency Response Inc. - Overview
                • Life Alert Emergency Response Inc. - Product / Service
                • Life Alert Emergency Response Inc. - Key offerings
              • 12.16 Medical Guardian LLP
                • Medical Guardian LLP - Overview
                • Medical Guardian LLP - Product / Service
                • Medical Guardian LLP - Key offerings
              • 12.17 MedicAlert Foundation
                • MedicAlert Foundation - Overview
                • MedicAlert Foundation - Product / Service
                • MedicAlert Foundation - Key offerings

              13 Appendix

              • 13.1 Scope of the report
                • 13.2 Inclusions and exclusions checklist
                  • Inclusions checklist
                  • Exclusions checklist
                • 13.3 Currency conversion rates for US$
                  • Currency conversion rates for US$
                • 13.4 Research methodology
                  • Research methodology
                • 13.5 Data procurement
                  • Information sources
                • 13.6 Data validation
                  • Data validation
                • 13.7 Validation techniques employed for market sizing
                  • Validation techniques employed for market sizing
                • 13.8 Data synthesis
                  • Data synthesis
                • 13.9 360 degree market analysis
                  • 360 degree market analysis
                • 13.10 List of abbreviations
                  • List of abbreviations

                Research Methodology

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Frequently Asked Questions

                Personal Emergency Response System (PERS) market growth will increase by $ 3657.3 mn during 2024-2028.

                The Personal Emergency Response System (PERS) market is expected to grow at a CAGR of 7.81% during 2024-2028.

                Personal Emergency Response System (PERS) market is segmented by Type( Mobile, Landline, Standalone) End-user( Home healthcare, Assisted living facilities, Others, ROW)

                ADT Inc., AlertONE service Inc., ATC Alert LLC, Bay Alarm Medical, Best Buy Co. Inc., Cape Cod Healthcare Inc., Careline365, ConnectAmerica LLC, Electronic Caregiver Inc., Galaxy Medical Alert Systems Ltd., Honeywell International Inc., Koninklijke Philips N.V., Life Alert Emergency Response Inc., Medical Guardian LLP, MedicAlert Foundation, MobileHelp LLC, ModivCare Inc., Rescue Alert, TruSense LLC, Tunstall Healthcare Group Ltd. are a few of the key vendors in the Personal Emergency Response System (PERS) market.

                North America will register the highest growth rate of 50% among the other regions. Therefore, the Personal Emergency Response System (PERS) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

                US, UK, Germany, China, Japan

                • Growing geriatric populationThis geriatric population is susceptible to diseases such as osteoarthritis is the driving factor this market.
                • chronic obstructive pulmonary disease is the driving factor this market.
                • and diabetes mellitus as their immune system becomes weak with increasing age. The elderly require care in their homes is the driving factor this market.
                • irrespective of the care they receive in hospitals. However is the driving factor this market.
                • staying at home carries potential risks of accidents such as falls is the driving factor this market.
                • sudden trauma is the driving factor this market.
                • and strokes. Due to the independent lifestyles led by the older population is the driving factor this market.
                • particularly in developed countries is the driving factor this market.
                • they are not willing to be dependent on their families. Technological advances are enabling consumers and caretakers to manage risks at home by implementing sophisticated devices is the driving factor this market.
                • including personal emergency response systems and other devices such as medication care management is the driving factor this market.
                • home safety is the driving factor this market.
                • activity sensors is the driving factor this market.
                • and location-based solutions. Traveling large distances is a primary concern for older individuals because of age-related health issues. In this case is the driving factor this market.
                • the value-added advantage of connected health solutions is the driving factor this market.
                • such as personal emergency response systems for elderly individuals is the driving factor this market.
                • enables them to send an alarm during times of uncertainty. This enables hospital attendants to facilitate remote patient monitoring or assist them at home if required. This reduces the cost of traveling to hospitals while ensuring the administration of proper care to patients. Therefore is the driving factor this market.
                • with the growth in the geriatric population is the driving factor this market.
                • the demand for personal emergency response systems will increase is the driving factor this market.
                • which is the driving factor this market.
                • in turn is the driving factor this market.
                • is expected to drive the growth of the PERS market during the forecast period. is the driving factor this market.

                The Personal Emergency Response System (PERS) market vendors should focus on grabbing business opportunities from the Mobile segment as it accounted for the largest market share in the base year.