Personal Emergency Response Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

The Personal Emergency Response Systems (PERS) Market is on the verge of significant growth, with global revenue reaching approximately US$ 5.9 Billion in 2024. Forecasts indicate that the market will experience a robust CAGR, reaching a valuation of around US$ 11.1 Billion by the end of 2031. This remarkable growth is driven by various factors and presents substantial opportunities for industry stakeholders.

Driving Innovation

PERS producers are focusing on creating versatile systems to meet evolving needs. Cutting-edge wearable PERS models compatible with both landline and cellular technologies are being developed, augmenting sales. Mobile application-based PERS services, harnessing the ubiquity of smartphones, are gaining popularity, offering innovative safety solutions.

Key Growth Drivers

1. Increasing Prevalence of Mobile-Based Solutions: Standalone medical alert applications are proliferating, and some providers have developed their smartphone apps, paving the way for the next generation of medical alert systems. This trend is fueling the PERS market's growth.

2. Strategic Acquisitions: Major companies are acquiring smaller manufacturers to expand their business channels in the PERS market, leading to increased revenue and market value.

3. Technological Advancements: Rapid technological advancements, including mobility, wireless communication, GPS tracking, app connectivity, and cloud integration, are being incorporated into PERS devices, enhancing sales on a global scale.

Growth Opportunities

1. Adoption of High-end PERS: Rising living standards and disposable income in industrialized countries are driving the demand for high-end medical care and advanced PERS. Enhanced features, such as two-way audio communication and automatic fall detection, are expected to stimulate market growth.

2. Health Consciousness: A growing awareness of health and fitness is spurring incremental healthcare spending, leading to a surge in demand for PERS. Key players are introducing user-friendly, highly compatible solutions to cater to this expanding market.

Challenges Ahead

1. Cost and False Positives: The high cost of PERS services may hinder adoption in developing economies, and false positives from equipment defects could affect market growth.

Market Insights by Country

United States: The U.S. market is expected to lead in revenue contribution, driven by advanced technologies, a growing geriatric population, and an increasing prevalence of central nervous system disorders.

United Kingdom: Affordable pricing and increasing adoption rates are propelling the growth of PERS in the UK, particularly in developing regions.

Canada: Canada is emerging as a prominent market due to the rising adoption of mobile PERS devices and an increasing number of falls among the geriatric population.

Competitive Landscape

Major players in the PERS industry are introducing user-friendly, highly compatible solutions to cater to a growing market. Businesses are manufacturing independent devices that provide hassle-free use, with wearable technology gaining popularity among end-users.

Key Companies Profiled

Koninklijke Philips N.V
LifeWatch USA
Tunstall
ADT Inc.
Medical Guardian LLC
MobileHelp

The Personal Emergency Response Systems Market is poised for remarkable growth, driven by innovation, increasing health consciousness, and strategic acquisitions. As the market continues to evolve, end-users can expect enhanced safety and accessibility, contributing to improved overall well-being.

Key Segments Covered in Personal Emergency Response System Industry Research

Product:

Landline Devices
Mobile Devices
Standalone Devices
Mobile Apps

End User:

Home Based Users
Assisted Living Facilities
Hospitals

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa

1. Executive Summary

1.1. Global Personal Emergency Response Systems Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Personal Emergency Response Systems Production Output, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Product, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Personal Emergency Response Systems Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Personal Emergency Response Systems Market Outlook, 2018 - 2031

5.1. Global Personal Emergency Response Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Landline Devices
  - 5.1.1.2. Mobile Devices
  - 5.1.1.3. Standalone Devices
  - 5.1.1.4. Mobile Apps
5.2. Global Personal Emergency Response Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Home Based Users
  - 5.2.1.2. Assisted Living Facilities
  - 5.2.1.3. Hospitals
5.3. Global Personal Emergency Response Systems Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Personal Emergency Response Systems Market Outlook, 2018 - 2031

6.1. North America Personal Emergency Response Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Landline Devices
  - 6.1.1.2. Mobile Devices
  - 6.1.1.3. Standalone Devices
  - 6.1.1.4. Mobile Apps
6.2. North America Personal Emergency Response Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Home Based Users
  - 6.2.1.2. Assisted Living Facilities
  - 6.2.1.3. Hospitals
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Personal Emergency Response Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Personal Emergency Response Systems Market Outlook, 2018 - 2031

7.1. Europe Personal Emergency Response Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Landline Devices
  - 7.1.1.2. Mobile Devices
  - 7.1.1.3. Standalone Devices
  - 7.1.1.4. Mobile Apps
7.2. Europe Personal Emergency Response Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Home Based Users
  - 7.2.1.2. Assisted Living Facilities
  - 7.2.1.3. Hospitals
- 7.2.2. Attractiveness Analysis
7.3. Europe Personal Emergency Response Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.5. France Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.6. France Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Personal Emergency Response Systems Market Outlook, 2018 - 2031

8.1. Asia Pacific Personal Emergency Response Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Landline Devices
  - 8.1.1.2. Mobile Devices
  - 8.1.1.3. Standalone Devices
  - 8.1.1.4. Mobile Apps
8.2. Asia Pacific Personal Emergency Response Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Home Based Users
  - 8.2.1.2. Assisted Living Facilities
  - 8.2.1.3. Hospitals
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Personal Emergency Response Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.2. China Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.7. India Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.8. India Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Personal Emergency Response Systems Market Outlook, 2018 - 2031

9.1. Latin America Personal Emergency Response Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Landline Devices
  - 9.1.1.2. Mobile Devices
  - 9.1.1.3. Standalone Devices
  - 9.1.1.4. Mobile Apps
9.2. Latin America Personal Emergency Response Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Home Based Users
  - 9.2.1.2. Assisted Living Facilities
  - 9.2.1.3. Hospitals
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Personal Emergency Response Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Personal Emergency Response Systems Market Outlook, 2018 - 2031

10.1. Middle East & Africa Personal Emergency Response Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Landline Devices
  - 10.1.1.2. Mobile Devices
  - 10.1.1.3. Standalone Devices
  - 10.1.1.4. Mobile Apps
10.2. Middle East & Africa Personal Emergency Response Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Home Based Users
  - 10.2.1.2. Assisted Living Facilities
  - 10.2.1.3. Hospitals
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Personal Emergency Response Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Personal Emergency Response Systems Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Personal Emergency Response Systems Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By End User vs by Product Heatmap
11.2. Company Market Share Analysis, 2023
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Koninklijke Philips N.V
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. LifeWatch USA
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. Tunstall
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. ADT Inc.
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Medical Guardian LLC
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. MobileHelp
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations