- Wired
- Wireless
Personal Emergency Response System Market size was valued at USD 5.6 billion in 2022 and is poised to grow at a significant CAGR of 5.5% over 2023-2029. The need for personal emergency response systems is anticipated to rise due to the aging population's growing adoption and reliance on smartphone applications for prescription reminders, recording health data, and preventive care. During the projected period, it is predicted that the global population pyramid's demographic change from Stage 1 to Stage 4 will make a broader target market more accessible to producers. Companies involved in the value chain of the need for personal emergency response systems are expected to benefit financially from the strategic positioning and marketing of alert devices. In addition, fall detection R&D is anticipated to provide market participants with lucrative growth prospects. For example, researchers from Shandong University in China reported using impulse-radio ultra-wideband monostatic radar and creating a learning model that combines convolutional long-term term memory and convolutional layers to extract reliable spatiotemporal features for fall detection in February 2020.
Additionally, it is anticipated that growing wearable technology use will support market expansion. For instance, businesses like Apple and Samsung provide smartwatches that can detect falls. Furthermore, the market has seen tremendous growth due to the change brought on by innovative technologies like the Internet of Things (IoT) in healthcare and artificial intelligence (AI). Modern technologies can make a difference in the market, and the stakeholders can take advantage of it by putting them into practice as soon as possible. Predictive analytics and AI-driven technologies support autonomous fall detection, wanderer control, and notification of carers. Several businesses, including Xsens (Netherlands), Xander Kardian (US), and Qventus (US), have created fall detectors for the elderly that are AI-powered. An AI-driven health technology business called CarePredict (US) uses AI to identify any changes in older adults' activity and behaviour patterns and supports their independent living. Such technologies have a spectacular influence and a huge future potential in the market for personal emergency response systems.
Personal Emergency Response System Market Key Developments:
- In March 2021, ADT collaborated with the safety and preparedness platform, harbor. The partnership combines Safe by ADT, the company's proprietary mobile safety platform, with Harbor's disaster preparedness app.
- In May 2021, Connect America inked a definitive agreement for the acquisition of the Aging and Caregiving (ACG) business from Royal Philips. The deal is expected to benefit North American subscribers of both, ACG and Connect America, from new innovations and expanded service offerings in the field of connected care.
Personal Emergency Response System Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.5%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Personal Emergency Response System Market Dynamics
The aging population's growing knowledge of personal emergency response systems and factors, including the launch of technologically improved and miniaturized goods, are anticipated to increase demand for these devices (PERS). The marketplace for personal emergency response systems is predicted to expand due to increased smartphone-based mobile applications for managing elderly persons' health and improvements in medical alert services. The personal emergency response systems industry is anticipated to rise due to technological developments, including two-way audio communication and medication reminder notifications. However, its marketability was hampered by strict regulatory procedures and heightened testing standards for product approval.
North-America Got Significant Share
Personal Emergency Response System Market Regional Analysis
The personal emergency response system market in North America is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. In the North American region, factors such as the increased incidence of chronic conditions and the frequency of fall-related injuries are predicted to further fuel demand for personal emergency response systems. Compared to other regions, North America has a higher concentration of businesses that sell personal emergency response systems, leading to fierce rivalry in the region's PERS industry. In the Asia Pacific region, the market is growing significantly due to the increasing elderly population coupled with the prevalence of increasing chronic diseases. Additionally, the market is anticipated to be driven by the demand for better healthcare facilities and a rise in home-based health programs. Additionally, it is expected that increased mobile health deployments in this area will increase demand for PERS.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The personal emergency response system market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Personal Emergency Response System Market Segmentation
By Connection
By System Type
- Cellular PERS
- Mobile PERS
- Nurse Call Systems
- Smart Wearable Belt
By Technology
- Two-way Voice Systems
- Unmonitored Medical Alert Systems
- Medical Alert Alarm (Button) System
- IP-based systems
- Others
By End User
- Home Based
- Hospitals & Clinics
- Senior Living Centers
Frequently Asked Questions
The personal emergency response system market is projected to expand at a CAGR of 5.5% during the forecast period.
Alert Response, LLC, AlertOne Services LLC, Appello, Bay Alarm Medical, Chubb Community Care
Asia Pacific is the fastest-growing region for personal emergency response system market
- Executive Summary
- Global Personal Emergency Response System Market Introduction
- Global Personal Emergency Response System Market Taxonomy
- Global Personal Emergency Response System Market Definitions
- Connection
- System
- Technology
- End User
- Global Personal Emergency Response System Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Personal Emergency Response System Market Dynamic Factors - Impact Analysis
- Global Personal Emergency Response System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global Personal Emergency Response System Market, By Connection, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Wired
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Wireless
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Others
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Wired
- Global Personal Emergency Response System Market Forecast, By System, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Cellular PERS
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Mobile PERS
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Nurse Call Systems
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Smart Wearable Belt
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Cellular PERS
- Global Personal Emergency Response System Market Forecast, By Technology, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Two-way Voice Systems
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Medical Alert Alarm (Button) System
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Unmonitored Medical Alert Systems
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Two-way Voice Systems
Market Opportunity Analysis
- IP-based systems
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Others
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Personal Emergency Response System Market Forecast, By End User, 2018 - 2022 and Forecast, 2023 - 2029
- Home Based
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Hospitals & Clinics
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Senior Living Centers
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Home Based
- Global Personal Emergency Response System Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- North America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Personal Emergency Response System Market - Opportunity Analysis Index, By Connection, System, Technology, End User and Region, 2023 - 2029
- North America
- North America Personal Emergency Response System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Wired
- Wireless
- System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Cellular PERS
- Mobile PERS
- Nurse Call Systems
- Smart Wearable Belt
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Two-way Voice Systems
- Medical Alert Alarm (Button) System
- Unmonitored Medical Alert Systems
- IP-based systems
- Others
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Home Based
- Hospitals & Clinics
- Senior Living Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- USA
- Canada
- North America Personal Emergency Response System Market - Opportunity Analysis Index, By Connection, System, Technology, End User and Country, 2023 - 2029
- North America Personal Emergency Response System Market Dynamics Trends
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Europe Personal Emergency Response System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Wired
- Wireless
- System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Cellular PERS
- Mobile PERS
- Nurse Call Systems
- Smart Wearable Belt
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Two-way Voice Systems
- Medical Alert Alarm (Button) System
- Unmonitored Medical Alert Systems
- IP-based systems
- Others
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Home Based
- Hospitals & Clinics
- Senior Living Centre
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Rest of Europe
- Europe Personal Emergency Response System Market - Opportunity Analysis Index, By Connection, System, Technology, End User and Country, 2023 - 2029
- Europe Personal Emergency Response System Market Dynamics Trends
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Asia-Pacific Personal Emergency Response System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Wired
- Wireless
- System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Cellular PERS
- Mobile PERS
- Nurse Call Systems
- Smart Wearable Belt
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Two-way Voice Systems
- Medical Alert Alarm (Button) System
- Unmonitored Medical Alert Systems
- IP-based systems
- Others
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Home Based
- Hospitals & Clinics
- Senior Living Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Asia-Pacific Personal Emergency Response System Market - Opportunity Analysis Index, By Connection, System, Technology, End User and Country, 2023 - 2029
- Asia-Pacific Personal Emergency Response System Market Dynamics Trends
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Latin America Personal Emergency Response System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Wired
- Wireless
- System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Cellular PERS
- Mobile PERS
- Nurse Call Systems
- Smart Wearable Belt
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Two-way Voice Systems
- Medical Alert Alarm (Button) System
- Unmonitored Medical Alert Systems
- IP-based systems
- Others
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Home Based
- Hospitals & Clinics
- Senior Living Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Latin America Personal Emergency Response System Market - Opportunity Analysis Index, By Connection, System, Technology, End User and Country, 2023 - 2029
- Latin America Personal Emergency Response System Market Dynamics Trends
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Middle East and Africa Personal Emergency Response System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Wired
- Wireless
- System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Cellular PERS
- Mobile PERS
- Nurse Call Systems
- Smart Wearable Belt
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Two-way Voice Systems
- Medical Alert Alarm (Button) System
- Unmonitored Medical Alert Systems
- IP-based systems
- Others
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Home Based
- Hospitals & Clinics
- Senior Living Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- MEA Personal Emergency Response System Market - Opportunity Analysis Index, By Connection, System, Technology, End User and Country, 2023 - 2029
- MEA Personal Emergency Response System Market Dynamics Trends
- Connection Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Connection & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- Koninklijke Philips
- Connect America
- Valued Relationships
- Guardian Alarm
- Alertone Services
- ADT Corporation
- LifeFone
- Bay Alarm
- Medical Guardian
- MobileHelp
- Nortek Security and Control
- Galaxy Medical Alert Systems
- Response Now
- LifeStation
- Rescue Alert
- Better Alerts
- GreatCall
- Electronic Caregiver
- Blue Linea
- Vanguard Wireless
- Tango
- Research Methodology
- Key Assumptions and Acronyms
- ADT Security Services, Inc.
- Alert Response, LLC
- AlertOne Services LLC
- Appello
- Bay Alarm Medical
- Chubb Community Care
- Connect America Medical Alarm Company
- Electronic Caregiver
- Galaxy Medical Alert Systems, Ltd.
- GreatCall
- Guardian Alarm
- Healthcom, Inc.
- Koninklijke Philips Electronics N.V.
- Life Alert Emergency Response, Inc.
- LifeFone Medical Alert Services