Personal Emergency Response Systems Market Size and Trends 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 14.96 billion
CAGR (2024-2029)	7.09%
Fastest Growing Segment	Home Healthcare
Largest Market	North America

Market Overview

Global Personal Emergency Response Systems Market has valued at USD 14.96 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.09% through 2029. Technological advancements, particularly in the realm of Internet of Things (IoT), significantly contribute to the growth of the PERS market. The integration of advanced technologies, including sensors, GPS tracking, and communication devices, enhances the capabilities of PERS. Wearable devices, smart home integration, and mobile applications further expand the reach and functionality of PERS, making them more effective and appealing to a broader audience. The continuous evolution of technology opens doors for innovation within the PERS industry.

Key Market Drivers

Aging Population and Increased Healthcare Needs

The Global Personal Emergency Response Systems (PERS) market is significantly driven by the worldwide demographic shift towards an aging population. As life expectancy increases and birth rates decline, there is a growing proportion of elderly individuals who require personalized healthcare solutions. The elderly often face health challenges and are more prone to accidents or emergencies, necessitating the adoption of Personal Emergency Response Systems.

With the aging demographic, there is an increased prevalence of chronic diseases and age-related conditions, such as falls and cardiovascular issues. PERS plays a crucial role in providing immediate assistance in case of emergencies, offering peace of mind to both the elderly and their families. As the global population continues to age, the demand for efficient and responsive personal emergency systems is expected to rise, driving the growth of the PERS market.

Furthermore, the integration of advanced technologies, such as fall detection sensors and health monitoring features, into PERS devices enhances their appeal among the elderly population. These innovations contribute to the overall well-being of seniors by providing real-time health data to healthcare professionals and caregivers, fostering a proactive approach to healthcare management.

Technological Advancements and IoT Integration

The rapid advancements in technology, particularly in the realm of Internet of Things (IoT), are driving the evolution of Personal Emergency Response Systems. Modern PERS devices are becoming increasingly sophisticated, incorporating features such as GPS tracking, two-way communication, and smart sensors. These technological enhancements not only improve the efficacy of emergency response but also enhance the overall user experience.

Integration with IoT allows seamless communication between PERS devices and other smart home or healthcare devices, creating a comprehensive ecosystem. For instance, a PERS device can automatically alert emergency services and designated contacts in the event of a fall, ensuring swift response times. The ability of these systems to provide real-time data and connectivity significantly contributes to the market's growth.

As technology continues to advance, the potential for further innovation in PERS is vast. Wearable devices, mobile applications, and voice-activated features are among the emerging trends that are expected to shape the future of Personal Emergency Response Systems, making them more accessible and user-friendly.

Increasing Awareness and Acceptance of PERS

A key driver for the growth of the Global Personal Emergency Response Systems market is the increasing awareness and acceptance of these systems among consumers. As information about the benefits of PERS becomes more widely available, individuals and families are recognizing the value of having a reliable emergency response solution in place.

The rising awareness is often fueled by various factors, including media coverage of emergency situations where PERS played a pivotal role, testimonials from satisfied users, and educational initiatives by healthcare organizations. Additionally, the proactive efforts of PERS manufacturers to highlight the benefits of their products contribute to the growing acceptance of these systems.

With a greater understanding of the capabilities of PERS in providing immediate assistance during emergencies, consumers are more inclined to invest in these devices for themselves or their loved ones. The shift towards a preventive approach to healthcare and safety further propels the adoption of PERS, as individuals seek proactive measures to address potential emergencies before they escalate.

In conclusion, the aging population, technological advancements, and increasing awareness are three crucial drivers propelling the growth of the Global Personal Emergency Response Systems market. These factors collectively contribute to the market's expansion as PERS becomes an integral part of healthcare and safety strategies worldwide.

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Key Market Challenges

Affordability and Accessibility

One of the primary challenges facing the Global Personal Emergency Response Systems (PERS) market is the issue of affordability and accessibility. While the demand for PERS is driven by an aging population and increased awareness of emergency response solutions, the cost of these systems can be a barrier for a significant portion of the population, especially in lower-income regions.

PERS devices often involve not only the initial cost of the hardware but also ongoing subscription fees for monitoring services. These expenses can accumulate over time, making it difficult for some individuals, particularly those on fixed incomes, to afford these systems. As a result, there is a risk of creating a divide where only certain socio-economic groups can access the benefits of PERS, leaving others without the crucial support that these systems provide.

Addressing this challenge requires a multi-faceted approach, including technological innovations to reduce manufacturing costs, the development of affordable subscription plans, and potentially government or community-based initiatives to subsidize PERS for those in need. Ensuring the affordability and accessibility of PERS will be essential for maximizing its positive impact across diverse demographic groups.

Data Security and Privacy Concerns

As Personal Emergency Response Systems become more technologically advanced, incorporating features like GPS tracking and health monitoring, the issue of data security and privacy becomes a critical challenge. These systems collect and transmit sensitive information about users, including their location, health status, and emergency situations. Ensuring the confidentiality and protection of this data is paramount to gaining and maintaining user trust.

The interconnected nature of these systems, often integrated with IoT devices and cloud-based platforms, poses potential vulnerabilities that could be exploited by malicious actors. Concerns about unauthorized access to personal health information or the misuse of location data can deter individuals from adopting PERS solutions, even when they recognize the potential benefits.

Addressing data security and privacy challenges involves implementing robust encryption measures, strict access controls, and regular security updates. PERS manufacturers and service providers must adhere to stringent data protection standards and regulations to instill confidence among users. Clear communication about privacy policies and transparent practices related to data handling are essential to overcoming this challenge and fostering widespread adoption of PERS.

Cultural and Societal Resistance to Technology Adoption

Despite the growing awareness of the benefits of Personal Emergency Response Systems, there exists a challenge related to cultural and societal resistance to technology adoption, particularly among older demographics. Some individuals, especially those from older generations, may be hesitant or resistant to embrace new technologies, viewing them as complex or unfamiliar.

Cultural factors, including attitudes towards aging and independence, can influence the acceptance of PERS. There may be a perception that relying on such technology implies a loss of autonomy or an acknowledgment of vulnerability, leading to resistance in adopting these systems. Overcoming this challenge requires targeted educational campaigns to dispel misconceptions, demonstrate the ease of use, and emphasize the empowering nature of PERS in maintaining independence and security.

Additionally, addressing cultural and societal resistance involves incorporating user-friendly designs, intuitive interfaces, and providing adequate training and support for users who may not be accustomed to technology. Collaborative efforts between PERS manufacturers, healthcare professionals, and community organizations are essential to bridge the gap and foster a cultural shift towards embracing technology for enhanced safety and well-being.

Key Market Trends

Integration of Artificial Intelligence (AI) and Machine Learning (ML) in PERS

One notable trend shaping the Global Personal Emergency Response Systems (PERS) market is the increasing integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies. As advancements in AI continue to evolve, PERS manufacturers are leveraging these capabilities to enhance the functionality and responsiveness of their systems.

AI-powered algorithms play a crucial role in areas such as fall detection, predictive analytics, and behavior analysis. For instance, fall detection algorithms can differentiate between normal activities and potential emergencies, triggering timely alerts to caregivers or emergency services when needed. Machine Learning algorithms, through continuous data analysis, can adapt and improve the accuracy of these systems over time, customizing responses based on individual user patterns and health conditions.

The integration of AI and ML not only improves the accuracy of emergency detection but also contributes to the overall efficiency and reliability of Personal Emergency Response Systems. These technologies enable PERS devices to evolve from reactive systems to proactive health management tools, providing users with valuable insights into their well-being and potential risks.

As AI and ML technologies continue to mature, we can expect further innovations in PERS, including more sophisticated predictive analytics, personalized health monitoring, and adaptive response mechanisms. The trend towards intelligent PERS systems aligns with the broader industry shift towards smart healthcare solutions, offering users a comprehensive and proactive approach to emergency response and health management.

Wearable and Discreet PERS Devices

Another prominent trend in the Global Personal Emergency Response Systems market is the increasing popularity of wearable and discreet devices. Traditional PERS devices were often bulky and conspicuous, which could be a deterrent for some users, especially those who prioritize aesthetics and comfort. In response to this, manufacturers are now focusing on developing wearable PERS devices that seamlessly integrate into users' daily lives.

Wearable PERS devices, such as smartwatches or discreet pendants, offer a more inconspicuous and user-friendly alternative to traditional systems. These devices often come equipped with multiple features, including fall detection, GPS tracking, and two-way communication, while maintaining a sleek and stylish design. The emphasis on aesthetics and comfort encourages wider adoption, especially among younger demographics and those who may have been hesitant to use traditional PERS devices.

The trend towards wearables aligns with the broader consumer demand for integrated and multifunctional devices. By incorporating PERS features into everyday wearables, users can benefit from emergency response capabilities without feeling stigmatized by the visible presence of a traditional emergency button. This trend not only expands the market reach but also contributes to the normalization of personal emergency response solutions as essential components of overall well-being. As technology continues to advance, we can expect further innovation in wearable PERS devices, offering users more choices and customization options to meet their individual preferences and lifestyles.

Segmental Insights

Product Type Insights

The Mobile - Based PERS segment emerged as the dominating segment in 2023. The Mobile-Based PERS segment is experiencing significant growth, driven by the widespread adoption of smartphones and other mobile devices globally. The ubiquity of mobile technology ensures that a larger portion of the population has access to personal emergency response solutions. This segment caters to individuals who prefer the convenience of having an emergency response system integrated into a device they already use daily.

The penetration of Mobile-Based PERS is particularly pronounced in urban areas and among tech-savvy demographics. The ease of use and the ability to carry emergency response features in a pocket-sized device make it an attractive option for a broad range of users. As smartphones become more prevalent worldwide, the Mobile-Based PERS segment is expected to continue its growth trajectory.

The Mobile-Based PERS segment is witnessing rapid technological advancements, contributing to the sophistication and effectiveness of these systems. Mobile PERS apps now go beyond simple emergency call features, incorporating functionalities such as GPS tracking, fall detection, and integration with other health monitoring devices. These advancements enhance the overall capabilities of the system and provide users with a comprehensive safety net.

Integration with wearables, such as smartwatches or fitness trackers, further extends the reach of Mobile-Based PERS. Users can benefit from continuous health monitoring, and in case of emergencies, the wearable devices can seamlessly trigger alerts through the connected mobile app. This convergence of mobile and wearable technologies is a notable trend within the segment, aligning with the broader consumer demand for integrated and multifunctional devices.

Application Insights

The Software & Services segment is projected to experience rapid growth during the forecast period. One of the key aspects of the Software & Services segment is the development of robust software solutions that facilitate seamless integration and interoperability with various PERS devices and other healthcare systems. Software plays a crucial role in ensuring that data collected by PERS devices, such as health metrics and emergency alerts, can be effectively communicated to relevant stakeholders, including caregivers and healthcare professionals.

Cloud-based services are becoming increasingly prevalent in the Software & Services segment of the PERS market. These services enable secure and centralized storage of user data, ensuring that critical information, such as medical history and emergency contacts, is readily accessible to authorized parties. Cloud solutions contribute to the portability of PERS systems, allowing users to access their information from various devices.

A crucial component of the Software & Services segment is the establishment of 24/7 monitoring centers. These centers are staffed with trained professionals who can respond to emergency alerts generated by PERS devices. The effectiveness of these services depends on the speed and accuracy of the response, making them a pivotal element in the overall PERS ecosystem.

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Regional Insights

North America emerged as the dominating region in 2023, holding the largest market share. The North American market operates within a well-established regulatory framework that governs the manufacturing, sale, and use of PERS devices. Compliance with regulations, such as those set by the U.S. Food and Drug Administration (FDA) and Health Canada, ensures the safety and effectiveness of PERS products in the market.

A prominent trend in North America is the integration of PERS with smart home technologies. PERS devices are increasingly becoming part of comprehensive smart home ecosystems, allowing seamless communication between emergency response systems, home automation, and healthcare monitoring. This trend aligns with the broader consumer interest in connected living and aging in place.

The integration of Personal Emergency Response Systems with telehealth services is gaining traction. This trend involves combining emergency response capabilities with remote health monitoring, enabling healthcare professionals to access real-time health data. This integration enhances the overall healthcare management for individuals, especially those with chronic conditions.

The aging demographic in North America is a significant driver for the PERS market. As the population ages, there is an increased need for personalized emergency response solutions. PERS devices provide a sense of security for seniors and their families, allowing individuals to age in place while having access to immediate assistance in case of emergencies.

Growing awareness and education about the benefits of PERS contribute to market growth. Media coverage, educational initiatives, and testimonials from satisfied users play a crucial role in shaping the perception of PERS as an essential tool for personal safety. Healthcare professionals and caregivers actively promote the adoption of PERS, further fueling market demand.

The North American PERS market is characterized by the presence of established players and a growing number of innovative startups. Key market players often focus on technological advancements, partnerships, and strategic acquisitions to strengthen their market position. The competitive landscape is marked by a continuous quest for differentiation and providing comprehensive solutions.

The North American PERS market is poised for continued growth, driven by an aging population, technological advancements, and increasing integration with healthcare ecosystems. Addressing affordability concerns, ensuring data security, and adapting to evolving consumer preferences will be critical for sustained success in this dynamic market. As the region embraces digital health solutions, the future of the North American PERS market holds promise for enhanced safety, independence, and well-being for individuals across various demographics.

Recent Developments

In March 2023, Philips Lifeline acquired FallCall Air, a provider of mobile PERS devices. This acquisition allowed Philips Lifeline to expand its mobile PERS offerings and enter the fast-growing wearable PERS market.

Key Market Players

Cape Cod Healthcare Inc.

Koninklijke Philips N.V.

MedicAlert Foundation

Bay Alarm Medical

Honeywell International Inc

AlertONE Service Inc.

ADT Security

Philips Lifeline

LifeFone

Medical Guardian, LLP

By Product Type	By Component	By End-User	By Region
Landline - Based PERS Mobile - Based PERS Standalone PERS Others	Hardware Software & Services	Home Healthcare Assisted Living Facilities Others	North America Europe Asia-Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Personal Emergency Response Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Personal Emergency Response Systems Market, By Product Type:

o Landline - Based PERS

o Mobile - Based PERS

o Standalone PERS

o Others

Personal Emergency Response Systems Market, By Component:

o Hardware

o Software & Services

Personal Emergency Response Systems Market, By End-User:

o Home Healthcare

o Assisted Living Facilities

o Others

Personal Emergency Response Systems Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Netherlands

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Thailand

§ Malaysia

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Personal Emergency Response Systems Market.

Available Customizations:

Global Personal Emergency Response Systems Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Personal Emergency Response Systems Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Service Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6. Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1.Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global Personal Emergency Response Systems Market

5. Voice of Customer

6. Global Personal Emergency Response Systems Market Overview

7. Global Personal Emergency Response Systems Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.2. Market Share & Forecast

7.2.1.By Product Type (Landline - Based PERS, Mobile - Based PERS, Standalone PERS and Others)

7.2.2.By Component (Hardware and Software & Services)

7.2.3.By End-User (Home Healthcare, Assisted Living Facilities and Others)

7.2.4.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America Personal Emergency Response Systems Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value

8.2. Market Share & Forecast

8.2.1.By Product Type

8.2.2.By Component

8.2.3.By End-User

8.2.4.By Country

8.3. North America: Country Analysis

8.3.1.United States Personal Emergency Response Systems Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Component

8.3.1.2.3. By End-User

8.3.2.Canada Personal Emergency Response Systems Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Component

8.3.2.2.3. By End-User

8.3.3.Mexico Personal Emergency Response Systems Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Component

8.3.3.2.3. By End-User

9. Europe Personal Emergency Response Systems Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value

9.2. Market Share & Forecast

9.2.1.By Product Type

9.2.2.By Component

9.2.3.By End-User

9.2.4.By Country

9.3. Europe: Country Analysis

9.3.1.Germany Personal Emergency Response Systems Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Component

9.3.1.2.3. By End-User

9.3.2.France Personal Emergency Response Systems Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Component

9.3.2.2.3. By End-User

9.3.3.United Kingdom Personal Emergency Response Systems Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Component

9.3.3.2.3. By End-User

9.3.4.Italy Personal Emergency Response Systems Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Product Type

9.3.4.2.2. By Component

9.3.4.2.3. By End-User

9.3.5.Spain Personal Emergency Response Systems Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Product Type

9.3.5.2.2. By Component

9.3.5.2.3. By End-User

9.3.6.Netherlands Personal Emergency Response Systems Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Product Type

9.3.6.2.2. By Component

9.3.6.2.3. By End-User

9.3.7.Belgium Personal Emergency Response Systems Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Product Type

9.3.7.2.2. By Component

9.3.7.2.3. By End-User

10. South America Personal Emergency Response Systems Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Component

10.2.3. By End-User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Personal Emergency Response Systems Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Component

10.3.1.2.3. By End-User

10.3.2. Colombia Personal Emergency Response Systems Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Component

10.3.2.2.3. By End-User

10.3.3. Argentina Personal Emergency Response Systems Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Component

10.3.3.2.3. By End-User

10.3.4. Chile Personal Emergency Response Systems Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Product Type

10.3.4.2.2. By Component

10.3.4.2.3. By End-User

11. Middle East & Africa Personal Emergency Response Systems Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product Type

11.2.2. By Component

11.2.3. By End-User

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Personal Emergency Response Systems Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product Type

11.3.1.2.2. By Component

11.3.1.2.3. By End-User

11.3.2. UAE Personal Emergency Response Systems Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product Type

11.3.2.2.2. By Component

11.3.2.2.3. By End-User

11.3.3. South Africa Personal Emergency Response Systems Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Product Type

11.3.3.2.2. By Component

11.3.3.2.3. By End-User

11.3.4. Turkey Personal Emergency Response Systems Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Product Type

11.3.4.2.2. By Component

11.3.4.2.3. By End-User

12. Asia-Pacific Personal Emergency Response Systems Market Outlook

12.1. Market Size & Forecast

12.1.1. By Product Type

12.1.2. By Component

12.1.3. By End-User

12.1.4. By Country

12.2. Asia-Pacific: Country Analysis

12.2.1. China Personal Emergency Response Systems Market Outlook

12.2.1.1. Market Size & Forecast

12.2.1.1.1. By Value

12.2.1.2. Market Share & Forecast

12.2.1.2.1. By Product Type

12.2.1.2.2. By Component

12.2.1.2.3. By End-User

12.2.2. India Personal Emergency Response Systems Market Outlook

12.2.2.1. Market Size & Forecast

12.2.2.1.1. By Value

12.2.2.2. Market Share & Forecast

12.2.2.2.1. By Product Type

12.2.2.2.2. By Component

12.2.2.2.3. By End-User

12.2.3. Japan Personal Emergency Response Systems Market Outlook

12.2.3.1. Market Size & Forecast

12.2.3.1.1. By Value

12.2.3.2. Market Share & Forecast

12.2.3.2.1. By Product Type

12.2.3.2.2. By Component

12.2.3.2.3. By End-User

12.2.4. South Korea Personal Emergency Response Systems Market Outlook

12.2.4.1. Market Size & Forecast

12.2.4.1.1. By Value

12.2.4.2. Market Share & Forecast

12.2.4.2.1. By Product Type

12.2.4.2.2. By Component

12.2.4.2.3. By End-User

12.2.5. Australia Personal Emergency Response Systems Market Outlook

12.2.5.1. Market Size & Forecast

12.2.5.1.1. By Value

12.2.5.2. Market Share & Forecast

12.2.5.2.1. By Product Type

12.2.5.2.2. By Component

12.2.5.2.3. By End-User

12.2.6. Thailand Personal Emergency Response Systems Market Outlook

12.2.6.1. Market Size & Forecast

12.2.6.1.1. By Value

12.2.6.2. Market Share & Forecast

12.2.6.2.1. By Product Type

12.2.6.2.2. By Component

12.2.6.2.3. By End-User

12.2.7. Malaysia Personal Emergency Response Systems Market Outlook

12.2.7.1. Market Size & Forecast

12.2.7.1.1. By Value

12.2.7.2. Market Share & Forecast

12.2.7.2.1. By Product Type

12.2.7.2.2. By Component

12.2.7.2.3. By End-User

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

10.

11.

12.

13.

14.

15.

15.1. Cape Cod Healthcare Inc.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. Koninklijke Philips N.V.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. MedicAlert Foundation

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. Bay Alarm Medical

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. Honeywell International Inc

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. AlertONE Service Inc.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. ADT Security

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. Philips Lifeline

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9. LifeFone

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10. Medical Guardian, LLP

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel/Key Contact Person

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Personal Emergency Response Systems Market in 2023?

The market size of the Global Personal Emergency Response Systems Market was USD 14.96 billion in 2023.

Which was the dominant segment in the Global Personal Emergency Response Systems Market in 2023?

The Mobile - Based PERS segment demonstrated significant dominance in 2023. The Mobile-Based PERS segment is experiencing significant growth, driven by the widespread adoption of smartphones and other mobile devices globally. The ubiquity of mobile technology ensures that a larger portion of the population has access to personal emergency response solutions. This segment caters to individuals who prefer the convenience of having an emergency response system integrated into a device they already use daily.

Which is the dominant region in the Global Personal Emergency Response Systems Market?

What are the major drivers for the Global Personal Emergency Response Systems Market?

Aging Population and Increased Healthcare Needs are some of the major drivers for the Global Personal Emergency Response Systems Market.

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Business Consultant

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Press Release

North America to dominate the Personal Emergency Response Systems Market through 2026

Jun, 2021

Growing awareness towards healthcare and increasing prevalence of chronic diseases is expected to drive the global personal emergency response systems market in forecast period.

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