Personal Emergency Response Systems (PERS) Market Growth, Trends, Dynamics & Market Insights: 2021-2026
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Personal Emergency Response Systems (PERS) Market Growth, Trends, Dynamics & Market Insights: 2021-2026
Personal Emergency Response Systems (PERS) Market, by Product (Landline PERS, Mobile PERS, Standalone PERS), Application (Home-based Users, Nursing Homes, Assisted Living Facilities, Hospice), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Personal Emergency Response Systems (PERS) Market, by Product (Landline PERS, Mobile PERS, Standalone PERS), Application (Home-based Users, Nursing Homes, Assisted Living Facilities, Hospice), and Region ...
"The global 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."
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) MarketReport Overview
Market Size in 2026
USD 9.1 billion
Market Size in 2020
USD 5.9 billion
CAGR (2021-2026)
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:
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 growing geriatric population, strong adaptation rates of these devices, a 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.
Market Restraints:
The key restraints in the Personal Emergency Response Systems (PERS) market include:
Limited use of PERS among the elderly and especially seniors who are living independently. A vast number of the elderly have less or no access to mobile technologies and e-health services and this is limiting market growth.
Increased prices of PERS devices and the accompanying monitoring services act as a hindrance to adoption especially for low-income earners.
Companies do not use interoperable PEPS platforms and devices, which hampers users’ ability to change subscription providers.
Privacy and security concerns regarding the collection and storage of personal health information by PERS providers may discourage some users from considering adopting these systems.
Complexity and requirements to comply with various healthcare and data protection regulations in some regions and regional restrictions that hinder market growth.
These restrictions can be explained by the necessity to identify and satisfy user needs, reduce costs, and cooperate with healthcare professionals to help more people benefit from the technologies of PERS.
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.
"The mobile PERS segment accounted for the largest market share."
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 Insights
"Asia-Pacific accounted for the largest market share."
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.
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 market dynamics and will enable strategic decision-making for 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?
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)
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Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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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.
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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.
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 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.