Personal Emergency Response Systems (PERS) Market Report

Market Insights

The Personal Emergency Response Systems (PERS) Market is estimated 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.

Figure: Personal Emergency Response Systems (PERS) Market Size, 2020-2026 (USD Billion)

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What are personal emergency response systems?

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.

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 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.

Segments' Analysis

Product Trends

Based on product, 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 consists 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 the segment growth.

Regional Trends

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 the regional growth.

COVID-19 Impact on Personal Emergency Response Systems (PERS) Market

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.

• What are the key trends in the global Personal Emergency Response Systems (PERS) market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global Personal Emergency Response Systems (PERS) market?
• What are the key strategies adopted by the major vendors to lead in the global Personal Emergency Response Systems (PERS) market?
• What is the market share of the top vendors?

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Target Audience

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

• Personal Emergency Response Systems (PERS) distributors
• Personal Emergency Response Systems (PERS) suppliers
• Personal Emergency Response Systems (PERS) manufacturers
• Hospitals
• Government bodies

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