Personal Emergency Response System (Pers) Market Size to grow by USD 3657.3 million between 2024-2028
According to a research report “ Personal Emergency Response System (Pers) Market” by Type (Mobile, Landline, Standalone) End-user (Home healthcare, Assisted living facilities, Others) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3657.3 million, at a CAGR of 7.81% during the forecast period. The aging population, particularly in developed countries, is increasingly preferring to live independently despite the potential risks associated with staying at home. These risks include falls, sudden traumas, and strokes, which become more prevalent due to age-related health conditions such as osteoarthritis, chronic obstructive pulmonary disease, and diabetes mellitus. To mitigate these risks, advanced technologies are being adopted for in-home care. Personal Emergency Response Systems (PERS) are one such solution, enabling seniors to summon help in case of emergencies. Additionally, other technological innovations like medication care management, home safety devices, activity sensors, and location-based solutions are enhancing the overall safety and well-being of the elderly population..
Browse market data tables, figures, and in-depth TOC on “Personal Emergency Response System (Pers) Market” by Type (Mobile, Landline, Standalone) End-user (Home healthcare, Assisted living facilities, Others) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample
By Type, the Mobile segment is projected to dominate the market size in 2024
The Personal Emergency Response System (PERS) market represents a significant growth opportunity for businesses catering to the aging population and individuals with medical conditions. This sector is witnessing robust expansion due to increasing consumer awareness and preference for independent living. Key market drivers include technological advancements, government initiatives, and rising healthcare costs. Businesses must capitalize on these trends to capture market share and meet the evolving needs of their customer base.
By End-user, Home healthcare segment is expected to hold the largest market size for the year 2024
The Personal Emergency Response System (PERS) market represents a significant growth opportunity for businesses in the health and safety sector. These systems enable elderly individuals and those with medical conditions to summon assistance at the press of a button, enhancing their safety and independence. Market trends indicate a rising demand for advanced features, such as fall detection and remote monitoring, driving market expansion. Businesses can capitalize on this trend by offering innovative, reliable, and user-friendly PERS solutions to meet the evolving needs of their customer base.
North America is forecasted to hold the largest market size by region in 2024
The Personal Emergency Response System (PERS) market encompasses innovative technologies designed to enhance user safety and independence. These systems facilitate timely assistance during emergencies, enabling users to summon help with the press of a button. Market growth is driven by an aging population seeking assistance for medical conditions and a rising demand for remote health monitoring solutions. Key players in this sector focus on developing advanced features, such as fall detection and two-way voice communication, to cater to evolving consumer needs.
The Personal Emergency Response System (Pers) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Personal Emergency Response System (PERS) market has witnessed significant growth in recent years, driven by the developing healthcare infrastructure, aging populations, and increasing healthcare expenditure in various geographies. The market caters to user demographics, primarily the elderly and seniors, who require assistance during emergencies, such as falls, fires, or wandering. Two primary types of PERS systems are available: Landline and Cellular. Landline PERS systems use a wired connection, while Cellular PERS systems use wireless or cellular technology for connectivity. Pullcord residential systems, bed sensors, smoke detectors, and transmitters are common components of these systems. Advancements in technology have led to the development of wearable PERS, including fall detection devices and GPS technology. Standalone voice communication systems, such as standalone PERS and wandering systems, provide additional features for user safety. RCube monitoring services offer professional monitoring and response to emergencies. The PERS marketplace continues to evolve, catering to the increasing demand for personal safety solutions for seniors. The future of PERS looks promising, with ongoing advancements in technology and growing awareness of the importance of personal safety for the geriatric population.
Market Research Overview
The Personal Emergency Response System (PERS) market encompasses a range of safety technologies designed to enhance personal safety for various living facilities, including hospices, assisted living, and nursing homes. Developed to cater to the aging population and home-based users, PERS systems include wearable devices, mobile apps, and traditional landline and cellular-based systems. Key components of PERS include fall detection, flood detectors, bed sensors, smoke detectors, and wandering systems. Leading manufacturers like Robert Bosch have contributed significantly to the market with cost-effective items such as standalone voice communicators, transmitters, and mobile PERS. The PERS marketplace is driven by the growing aging population, healthcare expenditure, and the need for improved healthcare infrastructure. Geography and user demographics also play a role, with cellular networks and mobile devices becoming increasingly popular in areas with limited landline infrastructure. PERS systems employ networking technologies, including wireless and cellular connectivity, to alert authorities at monitoring centers during emergencies. Advanced features like GPS technology and wearable gadgets offer added convenience and peace of mind for seniors. The market continues to evolve, with new technologies like RCube monitoring and standalone PERS devices expanding the scope of personal safety solutions for the geriatric population.
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