• Blog
  • Personal Emergency Response Systems (PERS) Market Analysis | 2021-2026

    Personal Emergency Response Systems (PERS) Market Analysis | 2021-2026

    Personal Emergency Response Systems (PERS) Market Analysis | 2021-2026
    Report code - SR1412 Delivery - 2 Weeks
    Personal Emergency Response Systems (PERS) Market Growth, Trends, Dynamics & Market In See more...

    Market Insights

    The Personal Emergency Response Systems (PERS) Market is projected to grow from USD 5.9 billion in 2020 to USD 9.1 billion by 2026 at a healthy CAGR of 7.5% during the forecast period.

    Wish to get a free sample? Register Here

    What is a personal emergency response system?

    Personal Emergency Response Systems (PERS) are also referred to as Medical Emergency Response Systems. A PERS includes three parts: a console attached to the telephone, a small radio transmitter, and an emergency response center that monitors calls. When emergency help is required, the PERS user presses the transmitter’s help key. It transmits a radio signal to the console.

    Personal Emergency Response Systems (PERS) Market Report Overview

    Market Size in 2026

    USD 9.1 billion

    Market Size in 2020

    USD 5.9 billion

    Market Growth (2021-2026)

    CAGR of 7.5%

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2021-2026

    Key Players

    Key players operating in the Personal Emergency Response Systems (PERS) market are-

    • Koninklijke Philips (Netherlands)
    • ADT Security Services (US)
    • Bay Alarm Medical (US)
    • VRI (US)
    • Life Alert Emergency Response (US)
    • Tunstall (UK)
    • Medical Guardian (US)
    • AlertOne Services (US)
    • GreatCall (US)
    • Rescue Alert (US).

    Market Dynamics

    The personal emergency response systems (PERS) market is a rapidly growing industry that provides safety and security to seniors and individuals with disabilities. PERS devices are designed to provide immediate assistance in the event of an emergency, such as a fall or a medical emergency.

    The personal emergency response systems (PERS) market is driven by several factors, including:

    The growing geriatric population, strong adaptation rates of these devices, rise in the number of health-conscious people, and new technology modifications are some of the key factors boosting the growth. Robust growth in the personal emergency response systems market is likely to be propelled by the growing adoption of mobile smartphone-based applications for older citizens’ health management and enhancements in medical alert services. There are growing rates of senior population and population who opt to lead an active life in independent living communities, which helps to enhance the demand for personal emergency response systems globally.

    Technological advancements: Technological advancements in PERS devices have led to the development of more sophisticated and advanced devices that can monitor and track vital signs, provide medication reminders, and even detect falls.

    Integration with smart home technology: PERS devices are increasingly being integrated with smart home technology, allowing for seamless communication between devices and increased automation.

    Increasing use of telehealth: The increasing use of telehealth services is expected to drive demand for PERS devices. Telehealth enables remote monitoring of patients, which can improve patient outcomes and reduce healthcare costs.

    COVID-19 Impact

    The COVID-19 outbreak positively influenced the growth of the Personal Emergency Response Systems (PERS) market. Rising cases of coronavirus across the globe put a heavy strain on the healthcare sector. Senior adults and people suffering from chronic diseases were at higher risk of getting infected, which, in turn, boosted the demand for PERS.

    To get the full scope of the report, Register Here

    Segment Analysis

    Product Trends

    The market has been classified into landline PERS, mobile PERS, and standalone PERS. The mobile PERS segment accounted for a substantial market share in 2020. Mobile PERS exhibits several advantages over conventional PERS units, which consist of tracking capabilities via a variety of technologies. Moreover, they are also lightweight and long-lasting. They are gaining popularity as they allow senior citizens to lead a more independent and normal lifestyle, which further bolsters segment growth.

    Regional Analysis

    The market in Asia-Pacific accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the growing geriatric population and the increasing prevalence of chronic diseases. In addition, the demand for better healthcare facilities and an increase in home-based health programs are anticipated to boost the regional market. Moreover, the rising technological advancements, growing awareness among the people, and increasing investments from foreign players further proliferate regional growth.

    Europe is also a significant market for PERS, with a growing elderly population in many countries. The market in Europe is characterized by a high level of regulation, which has led to a relatively stable competitive landscape. The region also has a high level of technological innovation, which has resulted in the development of advanced PERS devices that offer a range of features and functionality.

    Latin America and the Middle East and Africa (MEA) are also emerging markets for PERS, with increasing demand for healthcare services and rising healthcare expenditure. The market in these regions is characterized by a fragmented competitive landscape, with many local players offering low-cost PERS devices.

    Overall, the PERS market is expected to continue growing in all regions due to the increasing demand for healthcare services, the aging population, and the need for innovative solutions that enable individuals to remain independent and safe in their homes.

    To know which region offers the best growth opportunities, Register Here

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Personal Emergency Response Systems (PERS) Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Recent News & Developments

    In May 2023, HandsFree Health launches a new personal emergency response speaker. HandsFree Health, a company that develops wearable medical devices, has launched a new personal emergency response speaker. The speaker is designed to be worn around the neck and can be activated by voice or a button press. When activated, the speaker will connect to a 24/7 monitoring center, where an operator can speak to the wearer or dispatch emergency services.

    In March 2023, Study finds that PERS can reduce readmissions and hospitalization costs. A study published in the journal Managed Healthcare Executive found that PERS can reduce readmissions and hospitalization costs. The study looked at data from over 1,000 patients who used a PERS system. The results showed that patients who used a PERS system were 68% less likely to be readmitted to the hospital within 90 days, and they had 31% lower hospitalization costs.

    Frequently Asked Questions (FAQs)

    Personal Emergency Response Systems (PERS) are also referred to as Medical Emergency Response Systems. A PERS includes three parts: a console attached to the telephone, a small radio transmitter, and an emergency response center that monitors calls. When emergency help is required, the PERS user presses the transmitters help key. It transmits a radio signal to the console.

    The personal emergency response systems market is expected to witness an impressive growth of 7.5% CAGR in the coming years.

    Koninklijke Philips (Netherlands), ADT Security Services (US), Bay Alarm Medical (US), VRI (US), Life Alert Emergency Response (US), Tunstall (UK), Medical Guardian (US), AlertOne Ser-vices (US), GreatCall (US), and Rescue Alert (US) are among the key players in the personal emergency response systems market.

    The personal emergency response systems market size is expected to reach USD 9.1 billion in the foreseeable future.

    The mobile PERS segment accounted for a substantial share of market in 2020.

    Asia-pacific is expected to remain dominant in the personal emergency response systems market in the next five years.

    The growing geriatric population, strong adaptation rates of these devices, rise in the number of health-conscious people, and new technology modifications are some of the key factors boosting the growth. Robust growth in the personal emergency response systems market is likely to be propelled by the growing adoption of mobile smartphone-based applications for older citizens health management and enhancements in medical alert services. There are growing rates of senior population and population who opt to lead an active life in independent living communities, which helps to enhance the demand for personal emergency response systems globally.