What is Global Personal Emergency Response Systems (PERS) Market?
The Global Personal Emergency Response Systems (PERS) Market is a rapidly growing sector that focuses on providing safety and security solutions for individuals, particularly the elderly and those with health conditions. These systems are designed to alert healthcare professionals or family members in case of an emergency, such as a fall, heart attack, or other health-related issues. The PERS market is a blend of technology and healthcare services, providing peace of mind to users and their families. The systems are typically wearable devices, like a pendant or wristband, that can be activated in an emergency situation. The global PERS market was valued at US$ 7578.7 million in 2022 and is expected to reach US$ 11530 million by 2029. This growth is driven by an aging global population, increased awareness about the benefits of PERS, and advancements in technology. However, the market also faces challenges such as high costs and lack of awareness in some regions. Despite these challenges, the PERS market continues to grow, providing valuable services to those in need.
Mobile Type, Landline Type, Standalone Type in the Global Personal Emergency Response Systems (PERS) Market:
The Global Personal Emergency Response Systems (PERS) Market is segmented into Mobile Type, Landline Type, and Standalone Type. The Mobile Type PERS are portable devices that can be carried around easily. They use GPS technology to track the user's location and send alerts in case of an emergency. The Landline Type PERS, on the other hand, are traditional systems that are connected to a landline phone. They are usually installed in homes and are activated by pressing a button on the device. The Standalone Type PERS are independent devices that do not require a phone line or internet connection. They are battery-operated and can be placed anywhere in the home. Each type of PERS has its own advantages and is suitable for different user needs and lifestyles. The choice of PERS depends on factors such as the user's mobility, living situation, and personal preferences.
Inside the Home, Outside the Home in the Global Personal Emergency Response Systems (PERS) Market:
The Global Personal Emergency Response Systems (PERS) Market finds its application both Inside the Home and Outside the Home. Inside the home, these systems provide a sense of security to individuals living alone or those with health conditions. They can alert family members or healthcare professionals in case of an emergency, allowing for quick response and intervention. Outside the home, PERS are used by individuals who are active and mobile. They provide the same level of security and peace of mind, allowing users to go about their daily activities without worry. The use of PERS outside the home is particularly beneficial for elderly individuals who enjoy outdoor activities or those who travel frequently. The portability and ease of use of these systems make them a valuable tool for ensuring personal safety both inside and outside the home.
Global Personal Emergency Response Systems (PERS) Market Outlook:
The global Personal Emergency Response Systems (PERS) market has shown significant growth in recent years. In 2022, the market was valued at US$ 7578.7 million and is projected to reach US$ 11530 million by 2029. This represents a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2029. Philips Lifeline, a leading manufacturer of PERS, held the top position in the global manufacturers ranking in 2018, accounting for approximately 32.6% of the market share. The top 10 manufacturers combined accounted for about 47% of the market share. This data indicates a competitive market landscape with several key players contributing to the growth of the PERS market.
| Report Metric | Details |
| Report Name | Personal Emergency Response Systems (PERS) Market |
| Accounted market size in 2022 | US$ 7578.7 in million |
| Forecasted market size in 2029 | US$ 11530 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | Philips Lifeline, ADT, Tunstall, Greatcall, Alert-1, Connect America, Bay Alarm Medical, Life Alert, Rescue Alert, Mobile Help, Medical Guardian, LifeStation, Galaxy Medical Alert Systems, Lifefone, Better Alerts, MediPedant, QMedic, VRI Cares |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
