Personal Emergency Response Systems (PERS)

Personal Emergency Response Systems (PERS)

Global Personal Emergency Response Systems (PERS) Market to Reach US$14.8 Billion by 2030

The global market for Personal Emergency Response Systems (PERS) estimated at US$9.3 Billion in the year 2023, is expected to reach US$14.8 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. Mobile PERS, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$7.7 Billion by the end of the analysis period. Growth in the Landline PERS segment is estimated at 6.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 8.6% CAGR

The Personal Emergency Response Systems (PERS) market in the U.S. is estimated at US$3.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$944.8 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.9% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.

Global Personal Emergency Response Systems (PERS) Market - Key Trends & Drivers Summarized

What Are Personal Emergency Response Systems and How Do They Work?

Personal Emergency Response Systems (PERS) are critical devices designed to provide immediate assistance during emergencies, particularly for elderly individuals or those with health conditions that require constant monitoring. These systems typically consist of wearable devices, such as pendants or wristbands, equipped with a button that users can press to call for help. When activated, the device sends a signal to a monitoring center, where operators can assess the situation and dispatch emergency services if necessary. Advanced PERS models also include features such as fall detection, GPS tracking, and two-way communication, enhancing their ability to provide timely and accurate responses to emergencies. The simplicity and effectiveness of PERS make them invaluable for ensuring the safety and independence of vulnerable individuals.

How Do PERS Enhance Safety and Quality of Life?

PERS significantly enhance safety and quality of life by providing a reliable means of communication in emergencies. For elderly individuals living alone, the ability to summon help at the press of a button can mean the difference between a minor incident and a major crisis. Fall detection features automatically alert monitoring centers when a fall is detected, even if the user is unable to press the button. GPS tracking is particularly useful for individuals with dementia or Alzheimer’s, as it helps caregivers and emergency responders locate them quickly if they wander off. Additionally, two-way communication allows users to speak directly with operators, providing reassurance and immediate assistance. By enabling quick responses to emergencies, PERS contribute to a sense of security and independence, allowing users to maintain their daily routines with confidence.

How Is AI Revolutionizing Personal Emergency Response Systems?

One of the most exciting trends in the PERS industry is the integration of artificial intelligence (AI) and machine learning into these systems. AI enhances the capabilities of PERS by analyzing data to predict and respond to potential emergencies more effectively. For instance, AI algorithms can monitor patterns in the user`s behavior and detect anomalies that might indicate a fall or other health issues, prompting preemptive alerts to caregivers or emergency services. This predictive capability not only improves response times but also helps in preventing emergencies by identifying risks early. Additionally, AI-driven PERS can learn from past incidents to refine their responses, continuously improving their accuracy and reliability. The integration of AI in PERS represents a significant leap forward in providing proactive and personalized emergency care, setting a new standard for safety and independence in the aging population.

What Factors Are Driving the Growth in the PERS Market?

The growth in the PERS market is driven by several factors, reflecting the increasing demand for reliable emergency response solutions. The aging global population is a major driver, as more individuals seek ways to maintain their independence while ensuring their safety. Advances in wireless technology and battery life are improving the functionality and convenience of PERS, making them more attractive to users. The growing awareness of the benefits of PERS, coupled with rising healthcare costs, is prompting more individuals and families to invest in these systems as a preventive measure. Additionally, the expansion of telehealth services is integrating PERS into broader healthcare management frameworks, enhancing their utility and appeal. The increased focus on personalized and user-friendly designs is also making PERS more appealing to a wider audience, including younger individuals with chronic health conditions. These factors collectively underscore the dynamic growth of the PERS market, driven by technological innovation, demographic shifts, and evolving consumer preferences.

Select Competitors (Total 108 Featured) -

• Koninklijke Philips NV
• ADT Security Services, Inc.
• Ascom Holding AG
• Koninklijke Philips N.V.
• Intercall Systems, Inc.
• GreatCall, Inc.
• Doro AB
• Climax Technology Co., Ltd.
• AlertOne Services LLC
• Bay Alarm Medical
• LifeFone
• Medical Guardian LLC
• MobileHelp
• Connect America
• LIFECALL

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