Personal Emergency Response Systems (PERS) Market Research Report - Global Forecast till 2027

Personal Emergency Response Systems (PERS) Market Research Report: By Type (Mobile Personal Emergency Response System (Cellular Emergency Response System, Wireless Emergency Response System, GPS-based Emergency Response System), Landline Personal Emergency Response System, Standalone Personal Emergency Response System (Transmitters, R-cube/V-cube Monitoring System, Wandering System)), End-User (Home-based Users, Senior Living Facilities, Assisted Living Facilities), Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Forecast till 2027

ID: MRFR/SEM/3104-CR | October 2020 | Region: Global | 110 pages

Market Snapshot


Global Personal Emergency Response Systems Market was valued at USD 3,675.0 Million in 2019; it is estimated to reach USD 5,540.2 Million in 2025 with a compound annual growth rate of 7.4% during the study period 2020–2025.


The trend of independent living across the globe has encouraged the adoption of personal emergency response systems (PERS) by individuals. These systems are used by elderly or differently-abled individuals who cannot avail assistance via traditional methods. PERS comprises a transmitter-enabled electronic device that is connected to a base unit. The device comes with a button to provide alerts to the emergency help centers instantly. With the advances in technology, these devices can be connected with the home Wi-Fi to continuously monitor and track the activities of individuals resulting in quicker response time in case of emergencies. Various hospitals, medical centers, and living facilities have installed these systems to prevent their patients from leaving the premise or getting hurt. The growing aging population across the globe is a major reason driving the adoption of personal emergency response systems and the consequent growth of the global market. Moreover, the adoption of smartphones by individuals has created a need for developing smartphone emergency response applications by emergency help service providers. However, the costs incurred in manufacturing PERS, along with concerns regarding data security, might hamper the market growth.


North America accounted for the largest market share of 37.45% in 2019, with a market value of USD 1,376.1 Million; the market is expected to register a CAGR of 7.9% during the forecast period. Europe was the second-largest market in 2019, valued at USD 1,091.0 Million; the market is projected to exhibit a CAGR of 6.3%. However, the market in Asia-Pacific is expected to register the highest CAGR of 8.8%.


Global Personal Emergency Response Systems (PERS) Market, By Type (2019 Vs 2025)
Personal Emergency Response Systems (PERS) Market


Source: MRFR Analysis


Based on application, the global Personal Emergency Response Systems (PERS) market has been segmented into consumer electronics, IT & telecommunications, automotive, aerospace & defense, industrial, energy & utilities, transportation, and others. The mobile personal emergency response system segment accounted for the largest market share of 37.1% in 2019, with a market value of USD 1,362.9 million; it is expected to register the highest CAGR of 6.8% during the forecast period. The landline personal emergency response system segment was the second-largest market in 2019, valued at USD 1,244.0 million; it is projected to exhibit a CAGR of 5.5%. A mobile personal emergency response system (mobile PERS) functions similar to that of a landline personal emergency response system; however, instead of cables and connecting wires, it uses a combination of GPS, cellular, and Wi-Fi technologies. These systems are designed for instant and hands-free communication between the individual and emergency help center. With the help of GPS, the emergency center can locate individuals in an emergency. On the other hand, a landline personal emergency response system can connect to emergency help using telephone service (POTS), digital subscriber line (DSL), voice over IP (VoIP), and cables. The system comprises a push-button for sending alerts, a microphone, and a speaker to enable crisp and clear two-way communication between the user and the emergency help center. These systems are efficient in monitoring and tracking an individual’s movements; and provide high processing speed, accuracy, and durability.


Regional Analysis


Global Personal Emergency Response Systems (PERS) Market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America dominated the global market in 2018 and is expected to maintenance throughout the forecast period. Europe accounted for the second-largest market followed by Asia-Pacific, Middle East & Africa, and South America.


Companies Covered


The Key Players of the Global Personal Emergency Response Systems (PERS) Market are ALERTONE SERVICES LLC (US), Cisco Systems, Inc. (US), Nortek Security and Control (US), VRI (US), Honeywell International Inc. (US), Tunstall (UK), Robert Bosch GmbH (Germany), GreatCall Inc. (US), Koninklijke Philips NV (Netherlands), and ADT (US) among others.


Key Developments



  • In August 2019, Nortek Security and Control introduced a new fall detection mobile PERS, namely, Numera Libris 2. This device includes 4G/LTE support, advanced fall detection capabilities, and crystal-clear communication with an improved mic and speaker.

  • In January 2019, Koninklijke Philips NV launched Philips Cares, a new app platform, to track and manage a senior citizen’s tasks, such as reminders, scheduling tools, and access to emergency services.

  • In February 2018, Honeywell International, Inc. launched a new solution, Connected Plant Skills Insight Personal Gas Safety, for real-time monitoring of workers in the manufacturing plant and remote operations to ensure the safety of workers and enable a faster response in case of hazardous leaks or an injury.

  • In September 2017, Alertone Services LLC launched a mobile medical alert system—Kelsi Pro—to keep seniors safe and independent. This system was primarily introduced for older adults living alone and seniors who are more prone to falls.


Segmentation



  • By Type: Mobile Personal Emergency Response System (Cellular Emergency Response System, Wireless Emergency Response System, GPS-based Emergency Response System), Landline Personal Emergency Response System, Standalone Personal Emergency Response System (Transmitters, R-cube/V-cube Monitoring System, Wandering System)

  • By End, User: Home-based Users, Senior Living Facilities, Assisted Living Facilities

  • By Region: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America


Key Questions Addressed by the Report



  • What was the historic market size (2017)?

  • Which segmentation (Type/End User) is driving the market?

  • What will be the growth rate by 2025?

  • Who are the key players in this market?

  • What are the strategies adopted by the key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 5,540.2 Million
  CAGR   7.4%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ALERTONE SERVICES LLC (US), Cisco Systems, Inc. (US), Nortek Security and Control (US), VRI (US), Honeywell International Inc. (US), Tunstall (UK), Robert Bosch GmbH (Germany), GreatCall Inc. (US), Koninklijke Philips NV (Netherlands), and ADT (US)
  Key Market Opportunities   Developing new infrastructure and adopting new technologies for increasing healthcare infrastructure.
  Key Market Drivers

  • The growing aging population across the globe.
  • High per capita disposable income and improving medical infrastructure.


  • Frequently Asked Questions (FAQ) :


    the global personal emergency response systems market 2020 was poised at a substantial USD 3,675.0 Million in 2019

    The global PERS market is slated to record about USD 5,540.2 Million in 2025 .

    The global market for the global personal emergency response systems is poised to mature at a CAGR of 7.4% over the review period.

    That are the factors hindering the growth of the global personal emergency response systems market?

    Growing ownership of smartphones and wearable devices for health monitoring and the need for convenient and user-friendly medical alert devices are driving the growth of the personal emergency response systems market size over the review period.

    Based on type, the mobile segment (wireless, cellular, and GPS-based) accounted for the maximum market value in 2018, with a market share of USD 1.4 million; it is slated to register the highest CAGR during the review period.

    The major market players acknowledged by MRFR in the global personal emergency response systems market are Cisco Systems, Inc. (the US), Honeywell International, Inc. (the US), Koninklijke Philips NV (Netherlands), Robert Bosch GmbH (Germany), among others.