The global personal emergency response system market size reached US$ 5.86 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.02 Billion by 2028, exhibiting a growth rate (CAGR) of 5.40% during 2023-2028.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Personal Emergency
Response System Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028," the global personal emergency
response system market size reached US$ 5.86 Billion in 2022.
The personal emergency response system (PERS) is a vital technology
designed to provide immediate assistance to individuals, particularly the
elderly or those with medical conditions, in case of emergencies. This system
typically consists of a wearable device, often in the form of a pendant or
wristband, equipped with a panic button.
When a user faces an emergency, such as a fall or sudden illness, they can
press the panic button to alert a monitoring center or a designated contact.
The response can include dispatching emergency services or contacting a
family member or caregiver, ensuring prompt assistance. PERS devices often
incorporate advanced features, including fall detection and global positioning
system (GPS) tracking to enhance their effectiveness.
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4. Report Description
Global Personal Emergency Response System Market Trends:
The rising use of PERS devices among the elderly population prone to developing severe medical ailments, is a primary
driver contributing to the market growth. In line with this, the COVID-19 pandemic has highlighted the importance of
remote monitoring and quick response systems, further boosting the adoption of PERS technologies in healthcare and
non-healthcare settings. The market is also benefiting from ongoing technological advancements, such as the
incorporation of innovative features like automatic fall detection, integrated mobile apps, and seamless connectivity with
healthcare providers. Moreover, partnerships between PERS providers and healthcare institutions are becoming
increasingly common, ensuring a seamless integration of these systems into healthcare ecosystems, which is propelling
the market growth. Additionally, the increasing prevalence of chronic health conditions, including cardiovascular diseases
(CVDs), diabetes, and respiratory illnesses, among the global population has led to a growing need for continuous
monitoring and rapid emergency response, which is impelling the market growth. Furthermore, the growing integration of
PERS technolog y into telehealth platforms allowing healthcare providers to remotely monitor patients' vital signs, and
respond promptly to anomalies or distress signals, is aiding in market expansion. Apart from this, manufacturers are
increasingly focusing on designing devices that are user-friendly, discreet, and aesthetically pleasing, encouraging wider
acceptance and adoption of PERS technology, thereby, bolstering the market growth.
Looking forward, the market value is projected to reach US$ 8.02 Billion by 2028, expanding at a CAGR of
5.40% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/personal-emergency-response-system-
market
5. Report
Segmentation
Type Insights:
• Mobile PERS
• Landline PERS
• Others
End User Insights:
• Home-based Users
• Assisted Living Facilities
• Others
Regional Insights:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
6. Competitive
Landscape with
Key Players
• ADT Inc.
• Alert1 Medical Alert Systems
• Bay Alarm Medical (Bay Alarm Company)
• GreatCall Inc. (Best Buy Co. Inc.)
• Guardian Alarm
• Koninklijke Philips N.V.
• Life Alert Emergency Response Inc.
• LogicMark Inc.
• Medical Guardian LLC
• Rescue Alert
• Tunstall Group Limited
• VRI Inc. (Modivcare Inc.)
7. Key Questions
Answered in
the Report
How has the global personal emergency response system market
performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global
personal emergency response system market?
What is the impact of each driver, restraint, and opportunity on the
global personal emergency response system market?
What are the key regional markets?
Which countries represent the most attractive personal emergency
response system markets?
What is the breakup of the market based on the type?
Which is the most attractive type in the personal emergency
response system market?
8. Key Questions
Answered in
the Report
What is the breakup of the market based on the end user?
Which is the most attractive end user in the personal emergency
response system market?
What is the competitive structure of the global personal emergency
response system market?
Who are the key players/companies in the global personal
emergency response system market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Personal Emergency Response System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Mobile PERS
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Landline PERS
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Others
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by End User
10. Table of
Contents
7.1 Home-based Users
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Assisted Living Facilities
7.2.1 Market Trends
7.2.2 Mark et Forecast
7.3 Others
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Mark et Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Mark et Trends
8.1.2.2 Mark et Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Mark et Trends
8.2.1.2 Mark et Forecast
8.2.2 Japan
8.2.2.1 Mark et Trends
8.2.2.2 Mark et Forecast
8.2.3 India
8.2.3.1 Mark et Trends
8.2.3.2 Mark et Forecast
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