Personal Emergency Response System Market Size, Industry Share | Report 2024-2032

IMARC Group's report titled "Personal Emergency Response System Market by Type (Mobile PERS, Landline PERS, and Others), End User (Home-based Users, Assisted Living Facilities, and Others), and Region 2024-2032". The global personal emergency response system market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.71% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/personal-emergency-response-system-market/requestsample

Factors Affecting the Growth of the Personal Emergency Response System Industry:

• Aging Population Demographics:

Aging demographics have been a prominent factor driving market growth. As the population of older adults continues to grow around the world, there is an urgent need for solutions that can help them maintain their independence while ensuring their safety and well-being. This demographic shift is being driven by factors such as increasing life expectancy and decreasing birth rates in many developed countries. Older adults often face a variety of health challenges, including risk of falls, chronic diseases, and reduced mobility. Personal Emergency Response System (PERS) devices provide a lifeline to these individuals by providing a quick and reliable means to summon assistance in an emergency. Families and caregivers also have peace of mind knowing that their loved one can get help when they need it.

• Increasing Awareness of Safety:

Increasing awareness of personal safety among the elderly and the need for emergency assistance during emergencies are supporting the market growth. In our fast-paced world, we are becoming more proactive in protecting the health of individuals and families, especially those who are elderly relatives or have medical conditions. PERS devices provide peace of mind by providing a direct and accessible link that can be helpful in a crisis situation. This increased safety awareness is driven by the realization that accidents, medical emergencies, and unexpected falls can occur at any time. Families in particular are increasingly turning to PERS solutions to ensure their loved ones have an immediate lifeline of help.

• Technological Advancements:

Modern PERS devices are equipped with a variety of innovative features that improve effectiveness and ease of use. One important technological advance has been the integration of Global Positioning System (GPS) technology into PERS devices. This allows for precise location tracking and allows emergency responders to quickly locate individuals in distress. This feature is especially valuable for elderly people who may wander or become disoriented, as it ensures quick rescue. Additionally, fall detection sensors are becoming a standard feature in many PERS devices. These sensors automatically detect when a person falls and trigger an alert, even if the person is unable to press the button manually. This feature is a game-changer for seniors who are at high risk of falls and cannot always seek help for themselves.

Leading Companies Operating in the Global Personal Emergency Response System Industry:

• 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.)

Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=7540&flag=C

Personal Emergency Response System Market Report Segmentation:

By Type:

• Mobile PERS
• Landline PERS
• Others

Mobile PERS represents the largest segment as they are easily accessible and offer effective support.

By End User:

• Home-based Users
• Assisted Living Facilities
• Others

Home-based users account for the majority of the market share. They require support during various healthcare emergencies.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America's dominance in the personal emergency response systems market is due to investments in research and development (R&D), leading to advanced technological developments in this field.

Global Personal Emergency Response System Market Trends:

PERS systems have evolved beyond emergency response. It now offers lifestyle and health monitoring features such as activity tracking and medication reminders. This expanded functionality will appeal to a wider range of users, including those who want to actively manage their health and well-being. The manufacturer recognizes the importance of user-friendly design, making his PERS device accessible to a wide range of users, including older adults with varying levels of technical knowledge. Intuitive interfaces, ergonomic wearable designs, and simplified setup processes make these systems more appealing and easier to use.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Trending Reports By IMARC Group:

Poultry Feed Market: https://www.imarcgroup.com/poultry-feed-market

Omega 3 Ingredients Market: https://www.imarcgroup.com/omega-3-ingredients-market

Insect Feed Market: https://www.imarcgroup.com/insect-feed-market

Nucleotides Market: https://www.imarcgroup.com/nucleotides-market

Milk Protein Concentrate Market: https://www.imarcgroup.com/milk-protein-concentrate-market

Vodka Market: https://www.imarcgroup.com/vodka-market

Fresh Cherries Market: https://www.imarcgroup.com/fresh-cherries-market

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs 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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163