Global Personal Emergency Response Systems (PERS) Market Size, Share, Growth Analysis, By Demographics(Seniors, Individuals with Disabilities), By Technology(Traditional PERS Devices, Mobile Apps)

Description

Global personal emergency response systems (PERS) market size was valued at USD 6.97 billion in 2022 and is poised to grow from USD 7.40 billion in 2023 to USD 11.93 billion by 2031, at a CAGR of 6.15% during the forecast period (2024-2031).

The rapid expansion of the elderly demographic and increasing awareness of personal safety are poised to become primary drivers in the global personal emergency response systems (PERS) market. These systems are designed to provide immediate assistance in various emergency situations, particularly for seniors and individuals with medical conditions. Integration of GPS technology and fall detection sensors is expected to amplify the demand for personal emergency response systems worldwide. Additionally, the growing popularity of wearable PERS devices is anticipated to fuel long-term market growth. North America and Europe collectively dominate the sales share of personal emergency response systems (PERS), attributed to their aging populations and advanced healthcare infrastructure. However, the Asia-Pacific region is forecasted to emerge as a highly lucrative market for PERS players, driven by the expanding elderly population and increasing healthcare expenditure in the region.

Top-down and bottom-up approaches were used to estimate and validate the size of the global personal emergency response systems (PERS) market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Personal Emergency Response Systems (PERS) Market Segmental Analysis

The global personal emergency response systems (PERS) market is segmented based on user demographics, technology, and region. By demographic, the market is segmented into seniors, individuals with disabilities, and healthcare institutions. By technology. segments the market is segmented into traditional PERS devices, mobile apps, and wearable gadgets. By region, the market is segmented into North America, Europe, Asia-Pacific, and other regions.

Drivers of the Global Personal Emergency Response Systems (PERS) Market

The global aging population is expected to significantly drive demand for personal emergency response systems (PERS) in the years to come. With an increasing number of seniors desiring to maintain independent lifestyles while having access to immediate emergency assistance, the market for PERS is slated for long-term growth. PERS offers an additional layer of security for elderly individuals living alone, providing them with reassurance and peace of mind.

Restraints in the Global Personal Emergency Response Systems (PERS) Market

Awareness regarding the advantages of adopting personal emergency response systems remains limited, particularly in developing economies. These regions are expected to have constrained demand for PERS due to low awareness levels. Hesitancy stemming from unfamiliarity with the technology is also anticipated to hinder market growth.

Market Trends of the Global Personal Emergency Response Systems (PERS) Market

The PERS market has been witnessing technological advancements, notably the integration of artificial intelligence (AI), machine learning, and Internet of Things (IoT). These technologies enable personal emergency response systems to enhance efficiency, response times, and overall user experience.

Product Code: SQMIG35A2709

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Personal Emergency Response Systems (PERS) Market by Demographics

Market Overview
Seniors
Individuals with Disabilities
and Healthcare Institutions

Global Personal Emergency Response Systems (PERS) Market by Technology

Market Overview
Traditional PERS Devices
Mobile Apps
and Wearable Gadgets

Global Personal Emergency Response Systems (PERS) Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2023

Key Company Profiles

Philips Lifeline (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
MobileHelp (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ADT Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rescue Alert (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alert1 (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nortek Security & Control (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AlertOne Services, LLC (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BrickHouse Security (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bay Alarm Medical (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Life Alert Emergency Response, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Medical Guardian (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
VRI (Valued Relationships, Inc.) (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GreatCall (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tunstall Healthcare Group (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Valued Relationships, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LifeFone (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Guardian Alarm (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mytrex, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LifeStation, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Connect America (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Personal Emergency Response Systems (PERS) Market Size, Share, Growth Analysis, By Demographics(Seniors, Individuals with Disabilities), By Technology(Traditional PERS Devices, Mobile Apps) - Industry Forecast 2024-2031