Product Code: PMRREP6403
Persistence Market Research has recently published an in-depth report on the global Personal Emergency Response Systems (PERS) market, providing detailed insights into market dynamics, including drivers, trends, opportunities, and challenges, to offer a comprehensive understanding of the market structure.
Key Insights:
- Global Personal Emergency Response Systems Market Value (2024): US$ 6.1 Billion
- Estimated Market Value (2033): US$ 11.8 Billion
- Global Market Growth Rate (CAGR 2024-2033): 7.50%
Global Personal Emergency Response Systems Market - Report Scope:
The Personal Emergency Response Systems market encompasses the development, production, and distribution of devices designed to assist individuals in emergency situations by providing immediate access to medical help. These systems are particularly vital for the elderly, disabled, and individuals living alone, offering features such as automatic fall detection, two-way communication, and medication reminders.
Market Growth Drivers:
Adoption of High-end Personal Emergency Response Systems
The rising standards of living and disposable incomes in industrialized countries are driving the demand for high-end medical care to save lives in emergencies. The increased healthcare spending per capita is also contributing to market growth. For instance, according to the Centers for Medicare & Medicaid Services (CMS), healthcare spending in the United States grew by 9.7% in 2020, reaching $4.1 trillion or $12,530 per person, which accounted for 19.7% of the GDP.
Increased Awareness and Demand for Health and Fitness
There is a significant trend towards increased awareness and demand for health and fitness across both developed and developing countries. This shift is driving incremental changes in spending towards healthcare-related projects. The personal emergency response systems market is expanding as more people become health-conscious, leading to higher demand for such systems that improve patient quality of life and reduce healthcare expenses related to falls.
Innovative Solutions and Features
Key players in the PERS industry are launching cutting-edge solutions that are user-friendly and highly compatible. Devices with multiple features, such as two-way audio communication, automatic fall detection, and medication reminders, are driving market expansion. Companies are producing various devices tailored to the needs of aging and disabled individuals, enhancing the popularity and demand for PERS.
Support from Insurance Firms
In industrialized nations, insurance firms offer reimbursement plans for low-income individuals, enabling better access to healthcare needs. This support is expected to boost market opportunities as overall disposable incomes rise.
Market Challenges:
High Costs and Subscription Fees
The high cost of PERS services is a significant barrier to adoption in developing economies. These systems are typically based on subscriptions, which can be monthly, quarterly, or yearly. High subscription fees hinder the use of these devices, particularly in underdeveloped regions where over 80% of fall-related fatalities occur.
False Positives and Equipment Accuracy
A significant challenge in the PERS market is the accuracy of fall detection systems. Despite the growing popularity of PERS for various applications, the fall detectors provided by different companies are not entirely accurate. The most precise systems have an accuracy rate of about 95%. However, these systems often fail to detect sliding falls, which is a major limitation, as they automatically transmit messages to caregivers in case of a fall.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the global PERS market?
- Which consumer segments are leading the adoption of PERS?
- How are advancements in PERS technology influencing the competitive landscape?
- Who are the key players in the global PERS market, and what strategies are they employing to maintain their market position?
- What are the emerging trends and future prospects in the global PERS market?
Competitive Intelligence and Business Strategy:
Leading players in the global PERS market, such as Philips Lifeline, Connect America, and ADT Corporation, focus on innovation, strategic partnerships, and marketing excellence to gain a competitive advantage. These companies invest heavily in R&D to develop advanced and unique PERS devices and expand their product lines. Collaborations with healthcare providers, research institutions, and technology developers enhance market credibility and support the development of innovative emergency response solutions. Additionally, leveraging digital marketing and influencer partnerships strengthens market positioning and consumer engagement.
Key Companies Profiled:
- Koninklijke Philips N.V
- LifeWatch USA
- Tunstall
- ADT Inc.
- Medical Guardian LLC
- MobileHelp
Key Segments Covered in Personal Emergency Response System Industry Research
By Product:
- Landline Devices
- Mobile Devices
- Standalone Devices
- Mobile Apps
By End User:
- Home Based Users
- Assisted Living Facilities
- Hospitals
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
- 2.3. Inclusions and Exclusions
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
4. Value Added Insights
- 4.1. Product Adoption Analysis
- 4.2. Supply Chain Analysis
- 4.3. Regulatory Dynamics
- 4.4. Technology Assessment
- 4.5. PESTEL Analysis
- 4.6. Porter's Analysis
5. Market Background
- 5.1. Macro-Economic Factors
- 5.1.1. Global GDP Growth Outlook
- 5.1.2. Global Emergency System Outlook
- 5.1.3. Global Medical Alert Systems Market Overview
- 5.2. Forecast Factors - Relevance & Impact
- 5.2.1. Key Market Players Strategic Development
- 5.2.2. Rising Investment in Research and Development Activities
- 5.2.3. Increasing Adoption of Wearable Models
- 5.2.4. Technological Advancements
- 5.2.5. Increasing Geriatric Population
- 5.2.6. Product Penetration into Emerging Markets
- 5.3. Market Dynamics
- 5.3.1. Drivers
- 5.3.2. Restraints
- 5.3.3. Opportunity Analysis
6. COVID-19 Crisis Analysis
- 6.1. COVID-19 and Impact Analysis
- 6.1.1. By Product
- 6.1.2. By End User
- 6.1.3. By Country
- 6.2. 2024 Market Scenario
7. Global Market Volume (Units) Analysis 2019-2023 and Forecast, 2024-2033
- 7.1. Historical Market Volume (Units) Analysis, 2019-2023
- 7.2. Current and Future Market Volume (Units) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
8. Global Market- Pricing Analysis
- 8.1. Regional Pricing Analysis By Product
- 8.2. Price Break up
- 8.2.1. Manufacturer Level
- 8.2.2. Distributor Level
- 8.3. Global Average Pricing Analysis Benchmark
- 8.4. Pricing Assumptions
9. Global Market Demand (in Value or Size in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033
- 9.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
- 9.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
- 9.2.1. Y-o-Y Growth Trend Analysis
- 9.2.2. Absolute $ Opportunity Analysis
10. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Product
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Product, 2019-2023
- 10.3. Current and Future Market Size (US$ Bn) and Volume (Units) Analysis and Forecast By Product, 2024-2033
- 10.3.1. Landline Devices
- 10.3.2. Mobile Devices
- 10.3.3. Standalone Devices
- 10.3.4. Mobile Apps
- 10.4. Market Attractiveness Analysis By Product
11. Global Market Analysis 2019-2023 and Forecast 2024-2033, By End User
- 11.1. Introduction / Key Findings
- 11.2. Historical Market Size (US$ Bn) Analysis, By End User, 2019-2023
- 11.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By End User, 2024-2033
- 11.3.1. Home Based Users
- 11.3.2. Assisted Living Facilities
- 11.3.3. Hospitals
- 11.4. Market Attractiveness Analysis By End User
12. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Region
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Region, 2019-2023
- 12.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Region 2024-2033
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. East Asia
- 12.3.5. South Asia
- 12.3.6. Oceania
- 12.3.7. Middle East and Africa (MEA)
- 12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2019-2023 and Forecast 2024-2033
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Bn) Trend and Volume (Units) Analysis By Market Taxonomy, 2019-2023
- 13.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Market Taxonomy 2024-2033
- 13.3.1. By Country
- 13.3.1.1. U.S.
- 13.3.1.2. Canada
- 13.3.2. By Product
- 13.3.3. By End User
- 13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Product
- 13.4.3. By End User
- 13.5. Market Trends
- 13.6. Drivers and Restraints - Impact Analysis
- 13.7. Key Players - Intensity Mapping
- 13.8. Country Level Analysis & Forecast
- 13.8.1. U.S. Market Analysis
- 13.8.1.1. Introduction
- 13.8.1.2. Market Analysis and Forecast by Market Taxonomy
- 13.8.1.2.1. By Product
- 13.8.1.2.2. By End User
- 13.8.2. Canada Market Analysis
- 13.8.2.1. Introduction
- 13.8.2.2. Market Analysis and Forecast by Market Taxonomy
- 13.8.2.2.1. By Product
- 13.8.2.2.2. By End User
14. Latin America Market Analysis 2019-2023 and Forecast 2024-2033
- 14.1. Introduction
- 14.2. Historical Market Size (US$ Bn) Trend and Volume (Units) Analysis By Market Taxonomy, 2019-2023
- 14.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Market Taxonomy 2024-2033
- 14.3.1. By Country
- 14.3.1.1. Mexico
- 14.3.1.2. Brazil
- 14.3.1.3. Argentina
- 14.3.1.4. Rest of Latin America
- 14.3.2. By Product
- 14.3.3. By End User
- 14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Product
- 14.4.3. By End User
- 14.5. Market Trends
- 14.6. Drivers and Restraints - Impact Analysis
- 14.7. Key Players - Intensity Mapping
- 14.8. Country Level Analysis & Forecast
- 14.8.1. Mexico Market Analysis
- 14.8.1.1. Introduction
- 14.8.1.2. Market Analysis and Forecast by Market Taxonomy
- 14.8.1.2.1. By Product
- 14.8.1.2.2. By End User
- 14.8.2. Brazil Market Analysis
- 14.8.2.1. Introduction
- 14.8.2.2. Market Analysis and Forecast by Market Taxonomy
- 14.8.2.2.1. By Product
- 14.8.2.2.2. By End User
- 14.8.3. Argentina Market Analysis
- 14.8.3.1. Introduction
- 14.8.3.2. Market Analysis and Forecast by Market Taxonomy
- 14.8.3.2.1. By Product
- 14.8.3.2.2. By End User
15. Europe Market Analysis 2019-2023 and Forecast 2024-2033
- 15.1. Introduction
- 15.2. Historical Market Size (US$ Bn) Trend and Volume (Units) Analysis By Market Taxonomy, 2019-2023
- 15.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Market Taxonomy 2024-2033
- 15.3.1. By Country
- 15.3.1.1. Germany
- 15.3.1.2. Italy
- 15.3.1.3. France
- 15.3.1.4. U.K.
- 15.3.1.5. Spain
- 15.3.1.6. BENELUX
- 15.3.1.7. Russia
- 15.3.1.8. Rest of Europe
- 15.3.2. By Product
- 15.3.3. By End User
- 15.3.4. By Distribution Channel
- 15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Product
- 15.4.3. By End User
- 15.5. Market Trends
- 15.6. Drivers and Restraints - Impact Analysis
- 15.7. Key Players - Intensity Mapping
- 15.8. Country Level Analysis & Forecast
- 15.8.1. Germany Market Analysis
- 15.8.1.1. Introduction
- 15.8.1.2. Market Analysis and Forecast by Market Taxonomy
- 15.8.1.2.1. By Product
- 15.8.1.2.2. By End User
- 15.8.2. Italy Market Analysis
- 15.8.2.1. Introduction
- 15.8.2.2. Market Analysis and Forecast by Market Taxonomy
- 15.8.2.2.1. By Product
- 15.8.2.2.2. By End User
- 15.8.3. France Market Analysis
- 15.8.3.1. Introduction
- 15.8.3.2. Market Analysis and Forecast by Market Taxonomy
- 15.8.3.2.1. By Product
- 15.8.3.2.2. By End User
- 15.8.4. U.K. Market Analysis
- 15.8.4.1. Introduction
- 15.8.4.2. Market Analysis and Forecast by Market Taxonomy
- 15.8.4.2.1. By Product
- 15.8.4.2.2. By End User
- 15.8.5. Spain Market Analysis
- 15.8.5.1. Introduction
- 15.8.5.2. Market Analysis and Forecast by Market Taxonomy
- 15.8.5.2.1. By Product
- 15.8.5.2.2. By End User
- 15.8.6. BENELUX Market Analysis
- 15.8.6.1. Introduction
- 15.8.6.2. Market Analysis and Forecast by Market Taxonomy
- 15.8.6.2.1. By Product
- 15.8.6.2.2. By End User
- 15.8.7. Russia Market Analysis
- 15.8.7.1. Introduction
- 15.8.7.2. Market Analysis and Forecast by Market Taxonomy
- 15.8.7.2.1. By Product
- 15.8.7.2.2. By End User
16. East Asia Market Analysis 2019-2023 and Forecast 2024-2033
- 16.1. Introduction
- 16.2. Historical Market Size (US$ Bn) Trend and Volume (Units) Analysis By Market Taxonomy, 2019-2023
- 16.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Market Taxonomy 2024-2033
- 16.3.1. By Country
- 16.3.1.1. China
- 16.3.1.2. Japan
- 16.3.1.3. South Korea
- 16.3.2. By Product
- 16.3.3. By End User
- 16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Product
- 16.4.3. By End User
- 16.5. Market Trends
- 16.6. Drivers and Restraints - Impact Analysis
- 16.7. Key Players - Intensity Mapping
- 16.8. Country Level Analysis & Forecast
- 16.8.1. China Market Analysis
- 16.8.1.1. Introduction
- 16.8.1.2. Market Analysis and Forecast by Market Taxonomy
- 16.8.1.2.1. By Product
- 16.8.1.2.2. By End User
- 16.8.2. Japan Market Analysis
- 16.8.2.1. Introduction
- 16.8.2.2. Market Analysis and Forecast by Market Taxonomy
- 16.8.2.2.1. By Product
- 16.8.2.2.2. By End User
- 16.8.3. South Korea Market Analysis
- 16.8.3.1. Introduction
- 16.8.3.2. Market Analysis and Forecast by Market Taxonomy
- 16.8.3.2.1. By Product
- 16.8.3.2.2. By End User
17. South Asia Market Analysis 2019-2023 and Forecast 2024-2033
- 17.1. Introduction
- 17.2. Historical Market Size (US$ Bn) Trend and Volume (Units) Analysis By Market Taxonomy, 2019-2023
- 17.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Market Taxonomy 2024-2033
- 17.3.1. By Country
- 17.3.1.1. India
- 17.3.1.2. Indonesia
- 17.3.1.3. Malaysia
- 17.3.1.4. Thailand
- 17.3.1.5. Rest of South Asia
- 17.3.2. By Product
- 17.3.3. By End User
- 17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Product
- 17.4.3. By End User
- 17.5. Market Trends
- 17.6. Drivers and Restraints - Impact Analysis
- 17.7. Key Players - Intensity Mapping
- 17.8. Country Level Analysis & Forecast
- 17.8.1. India Market Analysis
- 17.8.1.1. Introduction
- 17.8.1.2. Market Analysis and Forecast by Market Taxonomy
- 17.8.1.2.1. By Product
- 17.8.1.2.2. By End User
- 17.8.2. Indonesia Market Analysis
- 17.8.2.1. Introduction
- 17.8.2.2. Market Analysis and Forecast by Market Taxonomy
- 17.8.2.2.1. By Product
- 17.8.2.2.2. By End User
- 17.8.3. Malaysia Market Analysis
- 17.8.3.1. Introduction
- 17.8.3.2. Market Analysis and Forecast by Market Taxonomy
- 17.8.3.2.1. By Product
- 17.8.3.2.2. By End User
- 17.8.4. Thailand Market Analysis
- 17.8.4.1. Introduction
- 17.8.4.2. Market Analysis and Forecast by Market Taxonomy
- 17.8.4.2.1. By Product
- 17.8.4.2.2. By End User
18. Oceania Market 2019-2023 and Forecast 2024-2033
- 18.1. Introduction
- 18.2. Historical Market Size (US$ Bn) Trend and Volume (Units) Analysis By Market Taxonomy, 2019-2023
- 18.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Market Taxonomy 2024-2033
- 18.3.1. By Country
- 18.3.1.1. Australia
- 18.3.1.2. New Zealand
- 18.3.2. By Product
- 18.3.3. By End User
- 18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Product
- 18.4.3. By End User
- 18.5. Market Trends
- 18.6. Drivers and Restraints - Impact Analysis
- 18.7. Key Players - Intensity Mapping
- 18.8. Country Level Analysis & Forecast
- 18.8.1. Australia Market Analysis
- 18.8.1.1. Introduction
- 18.8.1.2. Market Analysis and Forecast by Market Taxonomy
- 18.8.1.2.1. By Product
- 18.8.1.2.2. By End User
- 18.8.2. New Zealand Market Analysis
- 18.8.2.1. Introduction
- 18.8.2.2. Market Analysis and Forecast by Market Taxonomy
- 18.8.2.2.1. By Product
- 18.8.2.2.2. By End User
19. Middle East and Africa (MEA) Market Analysis 2019-2023 and Forecast 2024-2033
- 19.1. Introduction
- 19.2. Historical Market Size (US$ Bn) Trend and Volume (Units) Analysis By Market Taxonomy, 2019-2023
- 19.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, By Market Taxonomy 2024-2033
- 19.3.1. By Country
- 19.3.1.1. GCC Countries
- 19.3.1.2. Turkiye
- 19.3.1.3. North Africa
- 19.3.1.4. South Africa
- 19.3.1.5. Rest of Middle East and Africa
- 19.3.2. By Product
- 19.3.3. By End User
- 19.4. Market Attractiveness Analysis
- 19.4.1. By Country
- 19.4.2. By Product
- 19.4.3. By End User
- 19.5. Market Trends
- 19.6. Drivers and Restraints - Impact Analysis
- 19.7. Key Players - Intensity Mapping
- 19.8. Country Level Analysis & Forecast
- 19.8.1. GCC Countries Market Analysis
- 19.8.1.1. Introduction
- 19.8.1.2. Market Analysis and Forecast by Market Taxonomy
- 19.8.1.2.1. By Product
- 19.8.1.2.2. By End User
- 19.8.2. Turkiye Market Analysis
- 19.8.2.1. Introduction
- 19.8.2.2. Market Analysis and Forecast by Market Taxonomy
- 19.8.2.2.1. By Product
- 19.8.2.2.2. By End User
- 19.8.3. South Africa Market Analysis
- 19.8.3.1. Introduction
- 19.8.3.2. Market Analysis and Forecast by Market Taxonomy
- 19.8.3.2.1. By Product
- 19.8.3.2.2. By End User
- 19.8.4. North Africa Market Analysis
- 19.8.4.1. Introduction
- 19.8.4.2. Market Analysis and Forecast by Market Taxonomy
- 19.8.4.2.1. By Product
- 19.8.4.2.2. By End User
20. Market Structure Analysis
- 20.1. Market Analysis by Tier of Companies
- 20.2. Market Share Analysis of Top Players
- 20.3. Market Presence Analysis
21. Competition Analysis
- 21.1. Competition Dashboard
- 21.2. Competition Benchmarking
- 21.3. Competition Deep Dive
- 21.3.1. Koninklijke Philips N.V
- 21.3.1.1. Overview
- 21.3.1.2. Product Portfolio
- 21.3.1.3. Sales Footprint
- 21.3.1.4. Key Financials
- 21.3.1.5. SWOT Analysis
- 21.3.1.6. Strategy Overview
- 21.3.1.6.1. Marketing Strategy
- 21.3.1.6.2. Product Strategy
- 21.3.1.6.3. Channel Strategy
- 21.3.2. LifeWatch USA
- 21.3.2.1. Overview
- 21.3.2.2. Product Portfolio
- 21.3.2.3. Sales Footprint
- 21.3.2.4. Key Financials
- 21.3.2.5. SWOT Analysis
- 21.3.2.6. Strategy Overview
- 21.3.2.6.1. Marketing Strategy
- 21.3.2.6.2. Product Strategy
- 21.3.2.6.3. Channel Strategy
- 21.3.3. Tunstall
- 21.3.3.1. Overview
- 21.3.3.2. Product Portfolio
- 21.3.3.3. Sales Footprint
- 21.3.3.4. Key Financials
- 21.3.3.5. SWOT Analysis
- 21.3.3.6. Strategy Overview
- 21.3.3.6.1. Marketing Strategy
- 21.3.3.6.2. Product Strategy
- 21.3.3.6.3. Channel Strategy
- 21.3.4. ADT Inc.
- 21.3.4.1. Overview
- 21.3.4.2. Product Portfolio
- 21.3.4.3. Sales Footprint
- 21.3.4.4. Key Financials
- 21.3.4.5. SWOT Analysis
- 21.3.4.6. Strategy Overview
- 21.3.4.6.1. Marketing Strategy
- 21.3.4.6.2. Product Strategy
- 21.3.4.6.3. Channel Strategy
- 21.3.5. Medical Guardian LLC
- 21.3.5.1. Overview
- 21.3.5.2. Product Portfolio
- 21.3.5.3. Sales Footprint
- 21.3.5.4. Key Financials
- 21.3.5.5. SWOT Analysis
- 21.3.5.6. Strategy Overview
- 21.3.5.6.1. Marketing Strategy
- 21.3.5.6.2. Product Strategy
- 21.3.5.6.3. Channel Strategy
- 21.3.6. MobileHelp
- 21.3.6.1. Overview
- 21.3.6.2. Product Portfolio
- 21.3.6.3. Sales Footprint
- 21.3.6.4. Key Financials
- 21.3.6.5. SWOT Analysis
- 21.3.6.6. Strategy Overview
- 21.3.6.6.1. Marketing Strategy
- 21.3.6.6.2. Product Strategy
- 21.3.6.6.3. Channel Strategy
22. Assumptions and Acronyms Used
23. Research Methodology