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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.
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.
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.
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.
The Mobile segment was valued at USD 2.67 billion in 2018 and showed a gradual increase during the forecast period.
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.
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.
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].
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.
Customer Landscape
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:
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.
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.
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Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.81% |
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Market growth 2024-2028 |
USD 3657.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.25 |
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Key countries |
US, UK, Germany, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this personal emergency response system (pers) market research report to meet your requirements.
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
Research Framework
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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