Personal Emergency Response Systems (PERS) Market Research Report Information By Type (Standalone PERS, Transmitter, R-cube Monitoring Systems, Standalone Voice Dialer, Wandering System, Landline PERS, Others), By Component (Smoke Detectors, Bed Sensors, Pull-Cord Residential, Fall Detection Sensors, Flood Detectors), By End-user (Nursing Home, Home-Based User, Assisted Living Facilities, Hospices, Senior Living Facilities), And Region (North America, Europe, Asia-Pacific & Rest Of The World)– Industry Forecast Till 2030

Global Personal Emergency Response Systems (PERS) Market Overview

The Personal Emergency Response Systems (PERS) Market Size was valued at USD 6.97 Billion in 2022 and is projected to grow from USD 7.50 Billion in 2023 to USD 11.23 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.15% during the forecast period (2023 - 2030). A Personal Emergency Response System (PERS) is a device or system that allows an individual to quickly and easily summon help in the event of an emergency, such as a fall, heart attack, or other medical emergencies. PERS typically consists of a wearable device, such as a pendant or wristband, that can be activated with the press of a button. When activated, the device sends a signal to a monitoring center, where trained operators can assess the situation and dispatch the appropriate response, such as calling emergency services or a family member. The goal of PERS is to provide peace of mind and ensure that help is available quickly in the event of an emergency, especially for older adults or those with medical conditions that make them more vulnerable.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Next-Generation Integrated Circuit Market Trends

• Increasing geriatric population

The increasing geriatric population is a major factor driving the growth of the Personal Emergency Response Systems (PERS) market. As people age, they become more susceptible to falls, medical emergencies, and chronic health conditions that can affect their ability to live independently. PERS provides a solution for older adults who want to maintain their independence and live in their own homes, but still want to have quick access to help in case of an emergency. The growing geriatric population, especially in developed countries, is expected to drive significant growth in the PERS market in the coming years. Additionally, the increasing awareness of the benefits of PERS and the growing demand for assisted living services is also expected to contribute to the growth of the market.

Personal Emergency Response Systems (PERS) Market Segment Insights

Personal Emergency Response Systems (PERS) Type Insights

The market segmentation, based on Type, includes Standalone PERS, Transmitters, R-cube monitoring systems, Standalone voice dialers, Wandering systems, Medical alarm systems, Landline PERS, Mobile PERS, Wireless, GPS, and Cellular. The Standalone PERS segment holds the majority share in 2022, contributing to the global Personal Emergency Response Systems (PERS) revenue. Standalone PERS refers to systems that operate independently and do not require a landline or internet connection to function. These systems are portable and can be carried or worn by the user, making them a convenient and flexible solution for emergency response. Standalone PERS is particularly popular among older adults and those with medical conditions who want to maintain their independence and live in their own homes, but still want to have quick access to help in case of an emergency.

Personal Emergency Response Systems (PERS) Component Insights

Based on Component, the market segmentation includes Smoke detectors, Bed sensors, Pull-cord residential, Fall detection sensors, and Flood detectors. The Fall detection sensors segment dominated the market. Falls are a common cause of injury and hospitalization among older adults, and fall detection sensors are an important feature of PERS systems. These sensors are designed to detect sudden movements that indicate a fall, and they can automatically trigger an emergency response even if the user is unable to activate the device manually.

Personal Emergency Response Systems (PERS) End-user Insights

Based on End-user, the market segmentation includes Nursing homes, Home-based users, Assisted living facilities, hospice, and Senior living facilities. The Assisted living facilities segment is projected to be the faster-growing segment during the forecast period, 2023-2030. Assisted living facilities are residential communities that provide housing, support, and care services to older adults and individuals with disabilities. Many of these facilities have adopted PERS as a standard component of their care services, as PERS helps ensure the safety and well-being of their residents and provides peace of mind to families and caregivers.

Figure 2: Personal Emergency Response Systems (PERS) Market, by Component, 2022 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Personal Emergency Response Systems (PERS) Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. A portion of the PERS market was dominated by North America. The market value is anticipated to increase steadily in North America because of the region's growing geriatric population and the presence of various industry participants. The American government has recently started to offer healthcare facilities to the older population, and medical facilities are progressively adopting new technological advancements.

Figure 3: PERSONAL EMERGENCY RESPONSE SYSTEMS (PERS) MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The market for personal emergency response systems in the Asia-Pacific region is expanding impressively. The region's growing elderly population and population of people with disabilities are having a significant negative influence on the market for personal emergency response devices. Government incentives and foreign investments are helping the Asia-Pacific area expand in terms of production and total market adoption of Personal Emergency Response systems.

Personal Emergency Response Systems (PERS) Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Personal Emergency Response Systems (PERS) industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Personal Emergency Response Systems (PERS) industry to benefit customers and expand the market sector. Major market players, including Cisco Systems, Honeywell International, Philips, Robert Bosch, and others, are attempting to increase market demand by funding R&D initiatives.

Cisco Systems develops and markets a variety of technologies for networking, security, teamwork, apps, and the cloud. It provides products for wireless, data centers, switching, routing, cloud, and email security, identity and access management, threat prevention, and unified threat management, as well as cloud and system management. Additionally, the firm offers technical assistance and cutting-edge services to enterprises, governmental bodies, nonprofit organizations, and service providers.

Honeywell International Inc. founded in 1906 is a multinational conglomerate company that provides a wide range of technology-based products and services for various industries, including aerospace, building technologies, chemicals, performance materials and technologies, and safety and productivity solutions. The company operates in over 100 countries and has a global workforce of approximately 130,000 employees.

Key Companies in the Personal Emergency Response Systems (PERS) market include

• ALERTONE SERVICES


• Cisco Systems


• Nortek Security and Control


• VRI


• Honeywell International


• Tunstall


• Robert Bosch GmbH


• GreatCall


• Koninklijke Philips NV


• ADT

Personal Emergency Response Systems (PERS) Industry Developments

February 2021: Connect America collaborated with Urban Health Plan (US), a health center program in the United States, to provide remote patient monitoring (RPM) services to patients in the Bronx, Queens, and Manhattan.

January 2019: Koninklijke Philips has introduced a new application platform called Philips Care that maintains and manages numerous records relating to senior citizens' routine check-ups and follow-ups.

Next-Generation Integrated Circuit Market Segmentation

Personal Emergency Response Systems (PERS) Type Outlook

• Standalone PERS


• Transmitter


• R-cube monitoring systems


• Standalone voice dialer


• Wandering system


• Medical alarm system


• Landline PERS


• Mobile PERS


• Wireless


• GPS


• Cellular

Personal Emergency Response Systems (PERS) Component Outlook

• Smoke detectors


• Bed sensors


• Pull-cord residential


• Fall detection sensors


• Flood detectors

Personal Emergency Response Systems (PERS) End-user Outlook

• ​​​​​​​Nursing home


• Home-based user


• Assisted living facilities


• Hospices


• Senior living facilities

Personal Emergency Response Systems (PERS) Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America