Personal Emergency Response System (PERS) Market to grow by USD 3.66 Billion from 2023-2028, driven by growing geriatric population, Report on AI-powered market evolution - Technavio

Key Companies Shaping the Market

The report spotlights leaders advancing the PERS market:

• ADT Inc.: A powerhouse in emergency response technology, ADT offers reliable Mobile PERS and landline PERS solutions for emergency reliability.
• Koninklijke Philips N.V.: Philips blends geriatric care technology with telehealth PERS, serving seniors and healthcare facilities worldwide.
• Tunstall Healthcare Group Ltd.: Tunstall specializes in assisted living technology, delivering PERS with fall detection sensors for home care markets.
• MobileHelp LLC: A leader in wearable emergency devices, MobileHelp leverages GPS tracking devices for real-time alerts via cellular networks.
• Medical Guardian LLP: This innovator provides affordable senior healthcare solutions, meeting demand for independent living with advanced PERS.

Other key players include AlertONE Service Inc., ATC Alert LLC, Bay Alarm Medical, Best Buy Co. Inc., Cape Cod Healthcare Inc., Careline365, ConnectAmerica LLC, Electronic Caregiver Inc., Galaxy Medical Alert Systems Ltd., Honeywell International Inc., Life Alert Emergency Response Inc., MedicAlert Foundation, ModivCare Inc., Rescue Alert, and TruSense LLC. These firms drive competition through IoT in healthcare, product innovation, and partnerships.

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Market Overview and Growth Drivers

The PERS market, encompassing medical alert systems and wearable emergency devices, is gaining traction. Technavio’s analysis highlights the rising aging population trends, particularly in developed nations, as a key driver. Seniors opting for independent living rely on Personal Emergency Response Systems for security, with devices like fall detection sensors addressing risks such as falls, strokes, and traumas linked to chronic disease management, including diabetes and osteoarthritis.

A major growth factor is the shift to Mobile PERS, which integrates cellular networks and GPS tracking devices. This enhances accessibility in areas with limited landline PERS infrastructure. Technavio identifies Mobile PERS as the top revenue contributor, with companies like MobileHelp LLC and Medical Guardian LLP offering senior healthcare solutions that combine wireless connectivity and smart home integration for rapid response and user safety.

Emerging Trends: AI and IoT in Healthcare

The PERS market is transforming with IoT in healthcare and AI-powered PERS. Moving from analog to digital and now wireless Personal Emergency Response Systems, companies like Honeywell International Inc. and Electronic Caregiver Inc. embed GPS tracking devices and wireless messaging, boosting efficiency in home care systems. Wearable emergency devices with cloud connectivity are thriving in the Mobile PERS segment, aligning with global smartphone growth for seamless monitoring center communication.

ADT Inc. and ConnectAmerica LLC enhance offerings with AI-powered PERS, improving response accuracy. Smart home integration and telehealth PERS are also rising, enabling proactive chronic disease management and supporting assisted living technology. These trends underscore a shift toward smarter, user-centric elderly safety devices.

Challenges Facing the Industry

The PERS market faces hurdles despite its potential. High costs of medical alert systems and subscriptions limit adoption, especially among lower-income groups. Limited awareness in developing regions also slows growth. Careline365 and Best Buy Co. Inc. tackle this with affordable elderly safety devices and outreach to raise geriatric care technology adoption.

Market Segmentation and Regional Insights

Technavio segments the PERS market by type, end-user, and geography:

• Type Segmentation: Includes Mobile PERS, Landline PERS, and standalone systems. Mobile PERS dominates due to flexibility and connectivity, ideal for active seniors and remote areas.
• End-User Focus: Home care systems lead, followed by assisted living technology and other sectors, reflecting demand for independent living solutions.
• Geographic Landscape: North America holds a 50% share (2022), driven by aging population trends and healthcare investment. Europe and Asia follow, with Asia growing fast due to healthcare advancements.

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Customer Landscape and Competitive Analysis

The report details how Personal Emergency Response Systems benefit seniors, those needing chronic disease management, and providers. Competitive analysis shows leaders investing in R&D for fall detection sensors and durability like Life Alert Emergency Response Inc.’s waterproof wearable emergency devices. Galaxy Medical Alert Systems Ltd. focuses on usability, enhancing senior healthcare solutions.

Report Insights and Availability

Technavio’s analysis delivers insights into PERS market trends, challenges, and opportunities. With forecasts, vendor profiles, and segment details, it’s a key resource for stakeholders. Request a sample report for regional breakdowns and competitive insights.

About Technavio

Technavio, a top global research firm, provides market insights across 800 technologies and 50 countries. With 500+ analysts and 17,000+ reports, it serves over 100 Fortune 500 firms, empowering businesses to leverage IoT in healthcare and beyond.