The global market for Personal Emergency Response Systems (PERS) is estimated at US$9.3 Billion in 2023 and is projected to reach US$14.8 Billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the PERS market is driven by several factors, reflecting the increasing demand for reliable emergency response solutions. The aging global population is a major driver, as more individuals seek ways to maintain their independence while ensuring their safety. Advances in wireless technology and battery life are improving the functionality and convenience of PERS, making them more attractive to users. The growing awareness of the benefits of PERS, coupled with rising healthcare costs, is prompting more individuals and families to invest in these systems as a preventive measure.
Additionally, the expansion of telehealth services is integrating PERS into broader healthcare management frameworks, enhancing their utility and appeal. The increased focus on personalized and user-friendly designs is also making PERS more appealing to a wider audience, including younger individuals with chronic health conditions. These factors collectively underscore the dynamic growth of the PERS market, driven by technological innovation, demographic shifts, and evolving consumer preferences.
The growth in the PERS market is driven by several factors, reflecting the increasing demand for reliable emergency response solutions. The aging global population is a major driver, as more individuals seek ways to maintain their independence while ensuring their safety. Advances in wireless technology and battery life are improving the functionality and convenience of PERS, making them more attractive to users. The growing awareness of the benefits of PERS, coupled with rising healthcare costs, is prompting more individuals and families to invest in these systems as a preventive measure.
Additionally, the expansion of telehealth services is integrating PERS into broader healthcare management frameworks, enhancing their utility and appeal. The increased focus on personalized and user-friendly designs is also making PERS more appealing to a wider audience, including younger individuals with chronic health conditions. These factors collectively underscore the dynamic growth of the PERS market, driven by technological innovation, demographic shifts, and evolving consumer preferences.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Mobile PERS segment, which is expected to reach US$7.7 Billion by 2030 with a CAGR of a 7.7%. The Landline PERS segment is also set to grow at 6.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.0 Billion in 2023, and China, forecasted to grow at an impressive 8.6% CAGR to reach $944.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Personal Emergency Response Systems (PERS) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Personal Emergency Response Systems (PERS) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Personal Emergency Response Systems (PERS) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Koninklijke Philips NV, ADT Security Services, Inc., Ascom Holding AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 108 Featured):
- Koninklijke Philips NV
- ADT Security Services, Inc.
- Ascom Holding AG
- Koninklijke Philips N.V.
- Intercall Systems, Inc.
- GreatCall, Inc.
- Doro AB
- Climax Technology Co., Ltd.
- AlertOne Services LLC
- Bay Alarm Medical
- LifeFone
- Medical Guardian LLC
- MobileHelp
- Connect America
- LIFECALL
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
REST OF EUROPE
ASIA-PACIFIC
LATIN AMERICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Koninklijke Philips NV
- ADT Security Services, Inc.
- Ascom Holding AG
- Koninklijke Philips N.V.
- Intercall Systems, Inc.
- GreatCall, Inc.
- Doro AB
- Climax Technology Co., Ltd.
- AlertOne Services LLC
- Bay Alarm Medical
- LifeFone
- Medical Guardian LLC
- MobileHelp
- Connect America
- LIFECALL
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 391 |
| Published | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 9.3 Billion |
| Forecasted Market Value ( USD | $ 14.8 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
