Personal Emergency Response System (PERS) Market Synopsis<\/p>\n
The global market for PERS) estimated at USD 10.05 Billion in the year 2024, is expected to reach a revised size of USD 17.40 Billion by 2032, growing at a CAGR of 7.1% over the forecast period 2025-2032.<\/p>\n
Personal Emergency Response Systems (PERS) which are also commonly known as Medical Emergency Response Systems are devices that enable people to call for help in an emergency by simply pushing a button. These devices are certainly designed for recipients who are at high risk of institutionalization and need help in an emergency. PERS services are for people of age 14 and older, who live alone or are alone for significant parts of the day and who would require extensive routine supervision. <\/p>\n
Personal Emergency Response Systems (PERS) is a convenient, simple, and efficient way to call for help in an emergency. One can seek help just by activating the device with the push of a button, PERS provides a level of comfort for seniors and also for family living at a distance. The PERS simply works by alerting all appropriate emergency channels after its activation. The response is quick and hence there’s no delay in help. As a result, these simple and convenient devices proved to be very useful and occasionally a true life-saver. <\/p>\n
A PERS has three components: a small radio transmitter, a console connected to a telephone, and an emergency response center that monitors calls. Transmitters are lightweight battery-powered devices that are to be worn around the neck or on the wrist or can also be put into a pocket. In an emergency the transmitter\u2019s help button is pressed which sends a signal to the console, the console then automatically dials one or more emergency telephone numbers to call for help. Typically, a PERS is programmed to telephone an emergency response center. Finally, the center identifies the nature of your emergency which involves reviewing your medical history and checking who should be notified and then notifies the selected people. <\/p>\n
The Personal Emergency Response System (PERS) Market Trend Analysis<\/p>\n
Personal Emergency Response System (PERS) Market Growth Driver- Increasing Geriatric Population and Rising Health Disorders Leading to Hospitalisation<\/p>\n
Personal Emergency Response Systems are specifically developed for older adults who are left alone for a particular time of the day as they have a higher risk of falling as they age, and hence, the rise in the number of old people is certainly the reason behind the greater demand for such alert systems. <\/p>\n
Recent Studies have concluded that around 30% of people who are over the age of 65 fall every year, and more than 50% of people over the age of 80 fall every year. People at this age usually have some kind of disease such as Parkinson\u2019s, Alzheimer\u2019s, epilepsy, multiple sclerosis, muscular dystrophy, Amyotrophic Lateral Sclerosis, muscle-weakening neurological diseases, and diabetes. Such disorder creates an even greater risk if they stay alone. <\/p>\n
Also, when it comes to hospitalisation, older adults have a similar average length of stay when compared with adults 45 to 64 years, but older adults require more support after discharge, due to functional disability. having an in-home caregiver can help to an extent but this does not help in every situation. And such emerging risks are hence driving the need for Personal Emergency Response System (PERS) that can be with people all the time and can help them by alerting others when needed.<\/p>\n
Personal Emergency Response System (PERS) Market Limiting Factor- Product Innovation and Technical Advancements to Suit All Ages, Abilities, and Preferences and Rising Adoption of Smartphones among Older People<\/p>\n
Presently, around 90 percent of adults of age 50 and older would prefer to stay in their homes, instead of in nursing homes, and in such cases, Personal Emergency Response Systems (PERS) as medical alert systems helps a lot in maintaining independence safety for seniors. Further, New advances in mobile capabilities and sensors are now continuously building into these systems which enables better connectivity opportunities offered by advanced technologies like the Internet of Things (IoT).<\/p>\n
Today\u2019s PERS technology is evolved to a very great extent as compared to what it used to be in the past few years. Today, PERS has a landline, cellular, mobile, GPS tracking, fall detection, WiFi tracking, and many more features to it. All these innovations help customers to get protection and safety that\u2019s best suited for them. These new advancements such as cellular technology, WiFi, and GPS in medical alert systems are now more portable than before. <\/p>\n
Personal Emergency Response Systems (PERS) are getting popularly known as live savers not only in the healthcare world but also for day to day lives, they can be people at all times and can help by alerting others when one falls, when there is a fire or a burglar in the house and such huge demand along with the constantly on-going advancements will allow customers to have peace of mind while in their homes or going out to any other place, which is ultimately expected to boost the demand of the PERS even further.<\/p>\n
Segmentation Analysis Of The Personal Emergency Response System (PERS) Market<\/p>\n
Personal Emergency Response System (PERS) market segments cover the Type, End-User, and Region.<\/p>\n
By Type, Mobile PERS and Standalone PERS segments are Expected to Dominate the Market during the upcoming period. <\/p>\n
The mobility factor added by the mobile PERS or mPERS is the primary driver of its growth in the global Personal Emergency Response System Market. the option provided by such PERS to leave patients or the wanted to leave at the home without losing the protective shield PERS device offers is invaluable. In addition to mobility options, mPERS devices also come with GPS and WiFi locating technologies, and hence these devices are able to identify the exact location of a subscriber once the button is pushed.<\/p>\n
Immediate emergency assistance and More independence everywhere and every time are provided by such remote PERS standalone or mobile-based. Whether the user is at a park, in a store, or in their backyard, the application of both locating technologies extends the device\u2019s utility beyond the walls of the home. And such systems are even of greater help when it comes to emergencies and accidents, which are most devastating and also common at the same time. For instance, according to Statista, unintentional injuries or accidents accounted for more than 200,000 deaths in the US alone in 2020. This added up to a global record of 3.16 million based on the WHO’s data.<\/p>\n
Such Increased peace of mind at home and outside of the home provided by remote PERS technologies through mPERS is expected to boost the growth of this segment in the upcoming years. <\/p>\n
Regional Analysis of The Personal Emergency Response System (PERS) Market<\/p>\n
North America Dominates the Global Market of Personal Emergency Response System (PERS) And It Is Also Expected to Dominate the Market Over the Forecast Period. <\/p>\n
North American Countries such as the United States are the ones having rapidly rising chronic diseases and also the greater older population, there are approximately 13.2 million hospitalizations for adults aged 65 years and older in the United States each year, which includes medical conditions (67%), surgeries (25%), injuries (6%), and mental health and substance use conditions (2%). Such a rising number of hospitalisations and adults having movement restrictions or functional disabilities are driving the demand for Personal Emergency Response Systems in North America.<\/p>\n
This number of health disorders has even seen increases in the last 3-5 years. In 2019, almost 7% of people aged 18 to 44 years in the United States were hospitalized at least once. Furthermore, hospitalization among people aged 65 years and older was higher at almost 17%. <\/p>\n
Moreover, improved healthcare facilities and early adoption of any new technology is also greater in North American Developed Countries as compared to other parts of the world which all together is leading the regional markets of North America towards growth.<\/p>\n
Asia-Pacific is also expected to show a healthy growth rate in the market due to the increasing geriatric population and also due to implementation of home-based health programs.<\/p>\n
Top Key Players Covered in The Personal Emergency Response System (PERS) Market<\/p>\n
Koninklijke Philips N.V. (Netherlands)<\/p>\n
Honeywell International Inc (US)<\/p>\n
Life Alert Emergency Response Inc. (US)<\/p>\n
AlertONE Service Inc. (US)<\/p>\n
MedicAlert Foundation (US)<\/p>\n
ADT Security Services Inc. (US)<\/p>\n
Bay Alarm Medical (US)<\/p>\n
Shenzhen Giftshine Technology Co. Ltd. (China)<\/p>\n
Nortek Security & Control LLC (US)<\/p>\n
Galaxy Medical Alert Systems Ltd. (Canada)<\/p>\n
Medical Guardian LLP (US)<\/p>\n
Rope Innovation Co. Ltd. (China)<\/p>\n
Electronic Caregiver Inc. (US)<\/p>\n
Ningbo Hi-Tech Park Jabo Electronics Co. Ltd (China)<\/p>\n
Vanguard Wireless (Australia) <\/p>\n
Tynetec Ltd. (UK)<\/p>\n
Other Active Players<\/p>\n
Key Industry Developments in the Personal Emergency Response System (PERS) Market<\/p>\n
In February 2024, KORE, a global leader in IoT solutions, and Medical Guardian, a leading provider of personal emergency response systems, announced their groundbreaking collaboration on the first eSIM-powered medical alert device. This revolutionary device addresses cell signal challenges and healthcare access disparities by enabling electronic switching of service carriers for optimal 24\/7 connectivity. This innovation marks a significant advancement in ensuring reliable and continuous emergency response services for users, enhancing their safety and healthcare accessibility.<\/p>\n
In October 2023, Bay Alarm Medical, a leading PERS provider, introduced the BayConnect, a medical alert smartwatch featuring fall detection, emergency response button, medication reminders, and health tracking. This smartwatch caters to a tech-savvy demographic who prefer a discreet and stylish alternative to traditional PERS devices.<\/p>\n
In September 2023, Lively, known for its mobile PERS solutions, launched the Lively Finish, a lightweight and waterproof wristband with fall detection and emergency response. This device targets active seniors who participate in outdoor activities like hiking or swimming.<\/p>\n","protected":false},"excerpt":{"rendered":"
Personal Emergency Response Systems (PERS) which are also commonly known as Medical Emergency Response Systems are devices that enable people to call for help in an emergency by simply pushing a button.<\/p>\n","protected":false},"featured_media":14560,"template":"","meta":{"_acf_changed":false},"product_brand":[],"product_cat":[194],"product_tag":[],"class_list":["post-19114","product","type-product","status-publish","has-post-thumbnail","product_cat-healthcare-life-sciences","first","instock","virtual","purchasable","product-type-simple"],"acf":[],"yoast_head":"\n