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The global personal emergency response system market size is estimated to grow by USD 3.66 billion at a CAGR of 7.81% between 2023 and 2028. Market expansion hinges on multiple factors, notably the burgeoning geriatric demographic, the escalating incidence of chronic ailments, and heightened investments in healthcare infrastructure. These elements collectively propel the market forward by addressing the evolving needs of an aging population, managing the rising burden of chronic diseases, and fostering robust healthcare facilities. The growing geriatric cohort drives demand for specialized medical services and products, while the prevalence of chronic diseases necessitates advanced treatments and care solutions. Simultaneously, increased investments in healthcare infrastructure enhance accessibility, affordability, and quality of healthcare services, fostering market growth. These interdependent factors underscore the dynamic nature of the healthcare sector and highlight the imperative of adapting to changing demographics and healthcare demands.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also 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, and Tunstall Healthcare Group Ltd.
ATC Alert LLC - The company offers medical alarm systems such as the Umbrella alarm system, Base system, Anywhere alert, and Boogie LTE. The key offerings of the company include Personal Emergency Response System.
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 market 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.
The market is a critical device designed to assist individuals during emergency situations such as falls, heart attacks, and other medical emergencies. These systems often come in the form of wearable devices like pendants or wristbands, leveraging technological advancements to provide immediate assistance. One of the key features of modern PERS is its global smartphone penetration, enabling connectivity and communication with mobile devices for rapid response. The wearable health industry has seen significant growth, with PERS systems being a vital component in ensuring the safety and well-being of users, especially the aging population and those with chronic diseases like Alzheimer's, epilepsy, and multiple sclerosis. Innovations in PERS have led to waterproof designs, making them suitable for environments like bathrooms where falls are common among elderly individuals. These home healthcare devices have been praised for their ability to provide immediate aid and alert emergency services when needed, as documented in publications like the Journal of Sensors.
The market share growth by the mobile segment will be significant during the forecast period. The mobile segment is the highest contributor to the global market in terms of revenue generation. Hospitals have been early adopters of the technology and have been reaping the benefits, thus encouraging the continued development of these products.
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The mobile segment was valued at USD 2.67 billion in 2018. Mobile devices include pendants, watches, and other wearable devices that can be worn by the user, and with just a press of a button, it can alert the caregiver in case of emergencies. The rising use of smartphones has also helped to increase the capabilities of personal emergency response systems. The integration of personal emergency response systems with smartphones has helped caregivers in tracking mobile devices and alerting them in case the mobile devices are not worn by users. Mobile personal emergency response systems make healthcare delivery more efficient, leading to faster response times. Hence, these factors will boost the growth of the focused segment of the PERS market during the forecast period.
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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 will shape the market during the forecast period. The market in North America is expected to grow at a moderate rate during the forecast period. In 2020, the US and Canada were the major revenue contributors to the regional market owing to the increasing incidences of chronic conditions and surgical cases, the rising product launches, the presence of both local and global companies, and the availability of public and private reimbursement policies on purchase of PERS system.
Moreover, the governments in this region are aggressively promoting effective healthcare services and have increased investment in healthcare facilities. Government agencies are encouraging the elderly population to adopt medical alert devices. For instance, the American Association of Retired Persons (AARP) strongly recommends elderly individuals use medical alert systems. Some market players, such as Connect America, MobileHelp, Bay Alarm Medical, and Life Station, provide discounts for AARP members on the purchase of medical alert systems. Such discounts and favorable policies are expected to increase the adoption of PERS systems in the region. Moreover, a significant rise in the number of hospitals and emergency care centers has also increased the sales of PERS systems across new healthcare settings. Therefore, the abovementioned factors will boost the regional market's growth during the forecast period.
The market is evolving rapidly to meet the safety needs of aging populations worldwide. Utilizing GPS technology and fall detection capabilities, wearable PERS devices cater to seniors' personal safety needs, particularly in emergencies. The market offers a range of solutions including standalone PERS with transmitters and mobile capabilities, addressing the diverse user demographics and preferences. Healthcare expenditure on geriatric populations drives innovation in PERS technology, integrating features like smoke detectors, bed sensors, and wandering systems to enhance personal safety in residential settings. As the elderly population grows, healthcare infrastructure adapts with solutions such as Rcube monitoring and cellular-enabled PERS, ensuring timely responses to emergencies. This sector's growth underscores its critical role in supporting the well-being and independence of seniors globally. Our researchers analyzed the data with 2022 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 growing geriatric population is notably driving the market growth. The geriatric population is susceptible to diseases such as osteoarthritis, chronic obstructive pulmonary disease, and diabetes mellitus as their immune system becomes weak with increasing age. The elderly require care in their homes, irrespective of the care they receive in hospitals. However, staying at home carries potential risks of accidents such as falls, sudden trauma, and strokes. Due to the independent lifestyles led by the older population, particularly in developed countries, they are not willing to be dependent on their families.
Moreover, technological advances are enabling consumers and caretakers to manage risks at home by implementing sophisticated devices, including personal emergency response systems and other devices such as medication care management, home safety, activity sensors, and location-based solutions. Traveling large distances is a primary concern for older individuals because of age-related health issues. In this case, the value-added advantage of connected health solutions, such as personal emergency response systems for elderly individuals, 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, these factors are expected to drive the PERS market during the market growth analysis period.
Advances in personal emergency response systems are emerging trends in the market. In the last five years, personal emergency response systems have witnessed several technological advances. First, there was a shift from analog equipment to digital equipment, and now the devices have moved from wired systems to wireless systems. The effective features of these systems have increased their adoption by various healthcare organizations. Moreover, market players have undertaken multiple research projects to refine and redesign their personal emergency response system devices to enhance their efficiency.
Moreover, market players are also developing devices with wireless messaging, automatic location identification, and management reporting applications to help optimize staff efficiency and workflow. The user of mobile personal emergency response systems must wear the mobile device, such as a pendant or wristband, at all times so that they can alert in case of emergency by activating the alert button. Another development is the voice-activated personal emergency response system. market players have developed personal emergency response systems that can activate the alert button through a vocal command. Hence, such advances in technology will fuel the growth of the PERS market during the market growth and forecasting period.
The lack of awareness is a major challenge impeding market growth. Many healthcare organizations still use traditional methods, such as ordinary electric bells or alarms, as a line of communication between the patient and the nurse. This is mainly due to the limited budget of these organizations. In these cases, the call alert alarm does not reflect the significance of the patient's call (i.e., whether it is an emergency or an ordinary call).
Moreover, in many developing countries, due to the low affordability and availability of personal emergency response systems, as well as a lack of awareness about their use and maintenance, the adoption rate tends to be low. In addition, some countries in Asia and Africa have inadequate healthcare infrastructure. For instance, according to the International Finance Corporation (IFC), Africa has the most inadequate healthcare infrastructure and requires healthcare investment of about USD 25 - USD 35 billion to meet the infrastructural demand. Furthermore, the region lacks the availability of an optimum number of healthcare practitioners. Thus, such factors are hampering the sales of personal emergency response systems, which will restrict the PERS market growth during the forecast period.
The market forecast 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 market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market forecasting and growth strategies.
Customer Landscape
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The marketplace continues to expand with innovations catering to the safety and well-being of seniors and aging populations. Traditional PERS systems have evolved into mobile apps and wearable gadgets equipped with GPS technology and fall detection capabilities, ensuring prompt responses to emergencies. Options range from landline PERS for home-based users to cellular-enabled devices linked to monitoring centers and authorities. Standalone voice commands and pullcord systems in residential settings enhance accessibility, alongside specialized features like flood detectors in nursing homes and hospice care facilities. Leading manufacturers like Robert Bosch contribute cost-effective solutions integrating aerospace and building technologies, supporting robust networking across healthcare infrastructure. As the geriatric population grows, PERS technologies play a pivotal role in enhancing personal safety and emergency response effectiveness worldwide.
Personal Emergency Response System (Pers) 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 3.66 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.25 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 50% |
Key countries |
US, UK, Germany, China, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
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, and Tunstall Healthcare Group Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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