Personal Emergency Response System Market

Personal Emergency Response System Market Study by Landline Devices, Mobile Devices, Standalone Devices, and Mobile Apps for Home Users, Assisted Living Facilities, and Hospitals from 2024 to 2034

Analysis of Personal Emergency Response System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Personal Emergency Response System Market Outlook (2024 to 2034)

According to a new Fact.MR research report, revenue from the global personal emergency response system market is poised to reach US$ 6.57 billion in 2024 and climb to US$ 15.01 billion by the end of 2034. Worldwide sales of personal emergency response systems are projected to rise at a noteworthy 8.6% CAGR from 2024 to 2034.

Personal emergency response systems (PERS) are becoming an essential tool for anyone looking for an extra layer of protection at a time when safety and well-being are of the utmost importance. In the case of a medical emergency, fall, or other urgent circumstances, these systems such as wearable technology and networked technologies are intended to offer prompt aid.

Expansion of distribution channels and synergistic collaborations between PERS providers, healthcare organizations, home care agencies, and technology partners are contributing to the expansion of the personal emergency response system market size. Key players in the PERS market are expanding their reach and providing customized solutions that cater to the varied demands of their clientele by capitalizing on their pre-existing networks and knowledge.

Key Market Growth Drivers

  • Need for personal safety solutions that ensure timely assistance in case of crises among seniors who aim to preserve their autonomy is boosting demand for personal emergency response systems.
  • Integration of advancements such as GPS tracking, fall warning sensors, two-way communication functions, and interaction with smart home systems are proving beneficial.
  • These advancements in technology are enhancing the usefulness of PERS devices and making them more accessible to a larger group of users, such as those with long-term medical issues and impairments.
  • Demand for PERS-based solutions is increasing at a significant pace as individuals are looking for proactive ways to reduce the risks related to aging and medical crises as independent living becomes more important.
  • Emergency response devices provide peace of mind by giving users instant access to assistance at the push of a button.
  • Growing usage of smartphones and the rising rate of digital literacy are also contributing to the rising use of personal emergency response systems.
Report Attribute Detail
Personal Emergency Response System Market Size (2024E) US$ 6.57 Billion
Forecasted Market Value (2034F) US$ 15.01 Billion
Global Market Growth Rate (2024 to 2034) 8.6% CAGR
North America Market Share (2024E) 50%
East Asia Market Value (2024E) US$ 949 Million
Landline Devices Segment Value (2034F) US$ 7.47 Billion
Revenue from Home-Based Users Segment (2034F) US$ 10.42 Billion
Key Companies Profiled Philips Electronics N.V.; Tunstall; Cisco Systems; LifeWatch USA; Aerotel Medical System Ltd.; GreatCall; MobileHelp; Honeywell International; AlertOne Services LLC; ADT Inc.; Robert Bosch GmbH; Nortek Security and Control.

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How are Personal Emergency Response Systems Evolving in Terms of Complexity and Reliability?

“Integration of GPS Tracking Devices & Sensors in PERS Devices Improving Their Effectiveness”

Personal emergency response system (PERS) devices are moving into a new era of complexity and dependability because of technological advancements. Precise position tracking is made possible by features such as GPS tracking and fall detection sensors that instantly sound an alarm in the event of an accident. Fast aid is ensured by two-way communication capabilities, which enable smooth engagement with emergency personnel.

Convenience and accessibility are increased even further by the integration of these devices with smart home technologies. These developments are increasing the usefulness of PERS devices while also making them more appealing to a wider range of users such as individuals with impairments and long-term medical issues. Advancements in technology are making PERS devices invaluable resources for guaranteeing security and comfort.

Which Factors are Somewhat Restraining Market Expansion?

“Concerns over Data Security and Risk of Privacy Violations”

When it comes to personal emergency response systems, privacy and data security are key considerations. Many users are concerned about the exposure of personal and health-related data, particularly in the context of the increasing number of data breaches and privacy violations. These worries are restricting personal emergency response system market growth.

Strict security procedures, strong data encryption, and compliance with laws such as HIPAA are essential to allay these worries and foster confidence. PERS providers instill trust in the dependability and security of these life-saving devices by guaranteeing users the confidentiality and integrity of their sensitive data by giving data protection measures a priority.

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Country-wise Insights

North America is expected to hold 50% of the global personal emergency response system market share in 2024. Sales of personal emergency response systems in East Asia are forecasted to rise at a CAGR of 9.8% from 2024 to 2034.

Why are PERS Manufacturers Thriving in the United States Market?

“Technological Advancements Driving Adoption of PERS”

Attribute United States
Market Value (2024E) US$ 2.27 Billion
Growth Rate (2024 to 2034) 7.2% CAGR
Projected Value (2034F) US$ 4.55 Billion

The United States is witnessing an increase in sales of personal emergency response systems because of technological advancements that offer improved features and capabilities. Individuals feel more secure and at ease knowing that contemporary systems have features such as GPS tracking, fall warning sensors, and two-way communication. Furthermore, the seamless communication that is made possible by the integration of smart home technology with other devices adds to the convenience and attraction of these systems for a larger range of users.

  • In May 2023, Belle Series S was made available on the Verizon 4G LTE network across the United States, according to Freeus, a Becklar Personal Health & Safety Company.
  • In February 2021, Connect America partnered with Urban Health Plan (US), an American health center program, to offer patients in the Bronx, Queens, and Manhattan remote patient monitoring (RPM) services.

Which Market Trends are Pushing Demand for Personal Emergency Response Systems in Japan?

“Government Initiatives Promoting Independent Living and Favorable Healthcare Regulations”

Attribute Japan
Market Value (2024E) US$ 287 Million
Growth Rate (2024 to 2034) 7.6% CAGR
Projected Value (2034F) US$ 600 Million

Government's efforts in Japan towards promoting independent living and assisting the elderly are a key personal emergency response system market trend. PERS device integration into comprehensive care plans is encouraged by healthcare regulations and subsidies, which acknowledge the devices' potential to improve seniors' safety and well-being. Payment schemes and discounts are made possible by collaborations between PERS providers and healthcare organizations, increasing the population's access to these life-saving devices.

Category-wise Insights

Based on product type, the market is segmented into landline devices, mobile devices, standalone devices, and mobile apps. Demand for mobile devices is forecasted to increase at a CAGR of 10% from 2024 to 2034.

Which Type of Personal Emergency Response System is Popular?

“Preference for Landline Devices Due to Their Reliability During Power Outages”

Attribute Landline Devices
Segment Value (2024E) US$ 3.52 Billion
Growth Rate (2024 to 2034) 7.8% CAGR
Projected Value (2034F) US$ 7.47 Billion

The market for personal emergency response systems continues to see a significant demand for landline devices due to they are considered to be more dependable during blackouts, guaranteeing that people get emergency help when they need it. Also, elderly people who feel uneasy or inexperienced with emerging technology tend to choose landlines. For many customers, landline-based systems are also a more accessible option because they are often thought to be less expensive than cellular-based options.

Which End User Accounts for a Significant Market Share?

“PERS Meeting Need for Security in Familiar Surroundings among Home-based Users”

Attribute Home-Based Users
Segment Value (2024E) US$ 4.42 Billion
Growth Rate (2024 to 2034) 9% CAGR
Projected Value (2034F) US$ 10.42 Billion

Home-based users have a greater need for personal emergency response systems because they offer an extra layer of protection and safety for those who spend most of their time at home. A personal emergency response system is a useful tool for promptly requesting aid in the case of a medical emergency or a fall, as home-based users do not have rapid access to assistance. People also want to live in their own homes as long as possible as they get older, and having a personal emergency response system can provide them the assurance they need to do so.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

In an attempt to increase sales, key players in the personal emergency response system market are manufacturing advanced systems and a range of wearable devices that are compatible with both landline and cellular technology. Also, producers' focus is moving toward mobile application-based personal emergency response system services due to their growing popularity since smartphones are often used as emergency response system devices.

  • In May 2023, HandsFree Health introduced a personal emergency response speaker (PERS). The firm offers smartwatches and pendants in addition to its innovative and secure medical alert device line, which now includes the new speakers.
  • In March 2023, SmartCare, a developer of cutting-edge IoT platforms for industry-leading healthcare and elder care providers, announced the debut of its newest service offering, SmartCall, an automated, user-friendly virtual call system, with many features included such as pre-planned and on-demand calls, streamlined data collection, and the ability to create organized reports.
  • In January 2023, FallCall Solutions and HSC Technology Group formed a global agreement that enabled senior citizens in Australia to access their personal emergency response service from any location.
  • In December 2021, Alexa Together was launched. This is a senior care subscription service from Amazon, including fall detection and emergency support.
  • In April 2021, Medical Guardian introduced the Mini Guardian, the newest and smallest mobile medical alert device.

Fact.MR provides detailed information about the price points of key producers of personal emergency response systems positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of PERS Market Research

  • By Product :

    • Landline Devices
    • Mobile Devices
    • Standalone Devices
    • Mobile Apps
  • By End User :

    • Home-Based Users
    • Assisted Living Facilities
    • Hospitals
  • By Region :

    • North America
    • Western Europe
    • Eastern Europe
    • Latin America
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the personal emergency response system market?

The global market for personal emergency response systems is estimated at US$ 6.57 billion in 2024.

What are the projections for the worldwide market by 2034?

Personal emergency response system sales are calculated to reach US$ 15.01 billion by 2034.

At what rate is the demand for PERS projected to rise?

Demand for personal emergency response systems is calculated to rise at 8.6% CAGR from 2024 to 2034.

Which region is the leading shareholder in the global market?

North America is estimated to account for 50% share of the global market in 2024.

At what pace is the South Korean market forecasted to expand?

The market for PERS in South Korea is projected to expand at 8.6% CAGR from 2024 to 2034.

What is the market scenario for PERS in Canada?

The PERS market in Canada is projected to increase to US$ 2.1 billion by 2034-end.

Who are the market leaders in the personal emergency response system business?

Leading PERS producers are Philips Electronics N.V., Tunstall, Cisco Systems, LifeWatch USA, and GreatCall.

Which type of personal emergency response system will account for high revenue generation?

Based on product, the landline devices segment is projected to account for 53.6% market share in 2024.

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