PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1775586
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1775586
The personal emergency response system market is expected to grow from US$7.765 billion in 2025 to US$9.825 billion in 2030, at a CAGR of 4.82%.
Personal Emergency Response Systems, also known as Medical Emergency Response Systems, help people call in an emergency by pushing a button. It has three components, namely a radio transmitter, a console connected to the phone, and an emergency system that monitors the calls. This is suitable for elderly people whenever they need medical help. It can also be used in panic attacks, life-threatening situations, and security concerns. They come as transmitters, wearable devices like ear aids or wrist holds in bands, or in recent times in smartphones. A user can access the facility in an emergency and press the button on the transmitter or in the smartphone that sends a signal to an emergency center, which reads and picks up the call and provides help to the user.
Personal Emergency Response System Market Growth Drivers:
After the technological expansion, many advancements took place in the healthcare industry, particularly the use of personal response systems by older patients, leading to a decrease in death rates and fewer threats to diseases. Due to the surge in smartphones and smartwatches elderly can now have access to healthcare centers quickly. They can make use of the automatic fall detection provided in the smartphone or smartwatch, GPS sensors, mobile personal emergencies, and smart home transmitters. New developments can be seen in wearable technology that tracks and monitors one's health, which can help maintain a long and healthy lifestyle.
One of the key benefits of PERs (Personal Emergency Response Systems) is that it is suitable even for those who face language barriers or physical disabilities. The best development is GPS, which automatically tracks the geological data when a person faces an emergency. Another one is the WLAN and LAN network that allows one to connect to the actual location and provide health services. CDC (Centers for Disease Control) reported that deaths in old age are due to injury related to a fall, and more than 37% require immediate medical assistance. The technology detects the patient's condition and plays alert alarms. The major benefit of this is that it does not require any cellular or wired technology.
Some companies, such as Philips Lifeline, have developed Auto Alert fall detection technology with GoSafe2 and HomeSafe Auto Alert. Another company, Bay Alarm Medical, has a high-tech smartwatch with a GPS button and a car system with crash detection. These systems are cost-effective compared to a nursing home facility for elderly people. According to the Department of Health and Human Services, the average cost of a nursing home is US$225 per day. Another technological development that contributes to the use of PERs is medical compliance and monitoring, which helps older people to take their medicines on time. As per the National Community Pharmacists Association, more than half of older people forget to take prescribed medications, leading to more long-term illness.
However, one of the drawbacks to PERs is the outdated systems that have not been updated with recent 5G technologies or Wi-Fi-based technologies, as some of them were 3G or 4G-based devices with limited facilities, such as GPS.
Personal Emergency Response System Market Geographical Outlook:
Companies in the Asia Pacific are developing Personal Response Emergency Systems, as it is critical to efficient health management. One more reason for the growth of PERs in Asia-Pacific is that developing countries are prone to more diseases and health concerns that require immediate assistance. Several initiatives, such as Pradhan Mantri Swasthya Suraksha Yojana and Ayushman Bharat Pradhan Mantri Jan Arogya Yojana in India, improved emergency response and health services for the people. The government also recently introduced ERSS (Emergency Response Support System) with a single emergency number 112 to address and reach individuals with emergencies and crises.
Personal Emergency Response System Companies:
Personal Emergency Response System Market Segmentation: