The US Personal Emergency Response Systems Market Worth $4.44 billion by 2028 - Exclusive Market Research Report by Arizton

According to Arizton's latest research report, the US personal emergency response systems market growing at a CAGR of 10.13% during the forecast period.

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The demand for personal emergency response systems is on the rise due to rise in awareness among older adults, the expansion of the geriatric population living independently, the high prevalence of chronic diseases, and the risk of fall injuries have accelerated the demand for PERSs.

The global smartphone penetration is at an all-time high in the country. The high adoption of smartphones in the country has contributed to market growth. The wearable health device industry has also witnessed exceptional growth in recent years, and this trend is anticipated to continue in the coming years.

With the rapid expansion of the elderly population, there has been a rise in demand for medical alert systems. PERSs are ideal for elderly adults and differently-abled individuals to effortlessly call for help during an emergency.

Growing Demand for Assisted Living Centers & Retirement Homes Creating Market Opportunities

The demand for assisted living care has witnessed a pattern of continuous growth in the past few years, which is due to the robust economy and the surge in the number of baby boomers reaching retirement age. Assisted living is expected to remain one of the fastest-growing living options for senior citizens. As the aging population in the country continues to rise, several vendors have launched new products and new companies have entered the senior living market to meet their requirements. As per the projections by the US Census Bureau, the elderly population in the country is expected to increase to 74 million by 2030. More than 835,000 Americans currently reside in assisted living communities in the country. Around one million Americans live in senior living communities, which is expected to double by 2030. Thus, the increase in the number of assisted living centers will propel the demand for PERSs as these systems help to keep elderly residents safe and reduce the events of emergencies. Wireless alert systems allow residents to call for help with the push of a button if they fall, suspect a medical problem, or require other assistance.

The market is expected to be almost two times its current value by 2028, with new product approvals, technological advancements, and an increasing target patient population expected every year. Constant development and launch of innovative products are important for vendor operating in this highly competitive market like the US to achieve healthy sales growth and increase market share.

Vendors

Connect America

Modivcare

ADT Corp

Medical Guardian 

Bay Alarm Medical

AlertOne

AT&T

Aloe Care Health

CISCO Systems

Freeus

HandsFree Health

LifeFone Medical Alert Systems

MedGuard Alert Inc

MobileHelp

QMedic

Key Questions Answered in the Report:

How big is US personal emergency response systems (PERS) market?

Who are the key players in the US personal emergency response systems (PERS) market?

Who are the other prominent vendors in the US personal emergency response systems (PERS) market?

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Table of Contents

Chapter 1: Personal Emergency Response Systems Market Definition

• Market Definition
• Market Segmentation

Chapter - 2: Personal Emergency Response Systems Market Overview

• Executive Summary
• Key Findings

Chapter - 3: Personal Emergency Response Systems Market

• US: Projected Revenue of Personal Emergency Response Systems (2022-2028; $Billions)

Chapter - 4: Personal Emergency Response Systems Market Segmentation Data

• US: Projected Revenue by Product type (2022-2028; $Billions)
• Mobile-based Systems
• In Home-based Systems
• US: Projected Revenue by End-user type (2022-2028; $Billions)
• Homecare Agencies
• Assisted Living Facilities
• Direct-to-Consumer
• Others
• US: Projected Revenue by Region (2022-2028; $Billions)
• West US
• South US
• Mid-West US
• Northeast US

Chapter - 5: Personal Emergency Response Systems Market Prospects & Opportunities

• Personal Emergency Response Systems Market Drivers
• Personal Emergency Response Systems Market Trends
• Personal Emergency Response Systems Market Constraints

Chapter - 6: Personal Emergency Response Systems Industry Overview

• Personal Emergency Response Systems - Competitive Landscape
• Personal Emergency Response Systems - Key Vendors
• Personal Emergency Response Systems - Other Prominent Vendors
• Personal Emergency Response Systems - Key Strategic Recommendations

Chapter - 7: Appendix

• Quantitative Summary
• Abbreviations
• About

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