Global Standalone Personal Emergency Response Systems Market Segmentation, By Component (Smoke Detectors, Bed Sensors, Fall Detection Sensors, and Others), Services (Monthly, Yearly, and Others), End User (Home Based Users, Senior Living Facilities, and Assisted Living Facilities) – Industry Trends and Forecast to 2031.
Standalone Personal Emergency Response Systems Market Analysis
Standalone personal emergency response systems (PERS) are evolving with advancements in wearables, integrating GPS and LTE technology for real-time tracking and faster response. These systems enhance user safety and accessibility, driving market growth. Innovations such as fall detection and voice-activated features further boost adoption, with the market expanding as demand for personalized safety solutions rises.
Standalone Personal Emergency Response Systems Market Size
The global standalone personal emergency response systems market size was valued at USD 5.86 billion in 2023 and is projected to reach USD 9.48 billion by 2031, with a CAGR of 6.2% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Standalone Personal Emergency Response Systems Market Trends
“Integration with Smart Home Technologies”
The integration of standalone personal emergency response systems (PERS) with smart home technologies is a significant trend driving market growth. These systems now seamlessly connect with smart devices such as home assistants, smart thermostats, and security cameras, enhancing their functionality and appeal. For instance, companies such as Life Alert have developed systems that can automatically alert emergency services when paired with smart home devices, ensuring quicker response times and improved user safety. This integration not only boosts the efficiency of emergency responses but also provides added convenience and peace of mind for users, contributing to the increasing adoption and market expansion of standalone PERS.
Report Scope and Standalone Personal Emergency Response Systems Market Segmentation
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Attributes
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Standalone Personal Emergency Response Systems Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Koninklijke Philips N.V. (Netherlands), Tunstall Canada (Canada), GUARDIAN ALARM (U.S.), Connect America (U.S.), ADT (U.S.), Medical Guardian, LLP (U.S.), MobileHelp (U.S.), Nortek Security & Control LLC (U.S.), Galaxy Medical Alert Systems (U.S.), Critical Signal Technologies (U.S.), Freeus (U.S.), ALERTONE SERVICES LLC (U.S.), LifeFone Medical Alert Services (U.S.), Bay Alarm Medical & GetSafe (U.S.), Cisco Systems (U.S.), jupl (U.S.), HomeCentris Healthcare, LLC (U.S.), GreatCall (U.S.), and Essence (Israel)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Standalone Personal Emergency Response Systems Market Definition
Standalone Personal Emergency Response Systems (PERS) are designed for immediate user assistance in emergencies, featuring features such as fall detection and 24/7 monitoring. Market growth is driven by increasing elderly populations and rising health concerns. Technological advancements, such as wearable devices with GPS, and expanding healthcare networks further boost demand, promising robust growth in the coming years.
Standalone Personal Emergency Response Systems Market Dynamics
Drivers
- Increasing Incidence of Chronic Diseases
The increasing incidence of chronic diseases, such as diabetes and heart disease, among older adults significantly drives the demand for standalone personal emergency response systems (PERS). For instance, According to WHO, Approximately 12.5% of individuals aged 65 and older, and 45% of those aged 85 and above, are affected by Alzheimer's disease and strokes. Individuals with heart conditions often require immediate assistance during episodes of distress. Standalone PERS provide vital, real-time support, ensuring timely medical intervention and improving outcomes for those with chronic health issues, thus fueling market growth.
- Rising Concerns About Safety and Security
Growing awareness about personal safety is significantly driving the PERS market. For instance, incidents of elderly individuals falling or experiencing medical emergencies alone have heightened concerns. This has led families to invest in PERS to ensure prompt assistance. The increased emphasis on safety measures and proactive emergency response systems fuels market demand, as people seek reliable solutions for emergency situations.
Opportunities
- Government Initiatives and Funding
Government initiatives and funding create significant opportunities in the personal emergency response systems (PERS) market by making these technologies more accessible and affordable. For instance, the U.S. Centers for Medicare & Medicaid Services (CMS) offers reimbursement for certain PERS devices, enabling broader adoption among seniors. Similarly, government grants and subsidies in various countries help lower the cost barrier, driving increased market growth and accessibility.
- Advancement in Technology
Innovations in technology, such as advanced GPS tracking, automatic fall detection, and seamless integration with smartphones, enhance the functionality of standalone PERS. For instance, In February 2021, Connect America partnered with Urban Health Plan to offer remote patient monitoring (RPM) services to patients in the Bronx, Queens, and Manhattan. This collaboration aimed to improve healthcare access and management through remote monitoring technology. Systems such as Philips Lifeline now offer real-time location tracking and automatic fall alerts, boosting user confidence and market appeal. These advancements not only improve safety and response times but also create significant opportunities for growth in the PERS market.
Restraints/Challenges
- Lack of Integration with Health Records
Lack of integration with electronic health records is a significant challenge for standalone personal emergency response systems (PERS). These systems often operate independently, failing to provide a comprehensive view of the user's health status. This gap in integration can limit the effectiveness of emergency responses and hinder the ability of medical professionals to access critical health information, impacting the market's growth and adoption.
- High Initial Costs
The high upfront cost of standalone Personal Emergency Response Systems (PERS) and their installation can be a major deterrent for potential users, particularly in low-income demographics or regions with constrained healthcare budgets. This financial barrier limits adoption rates and impedes market growth, as the expense associated with purchasing and setting up these devices may be prohibitive for a significant portion of the target audience.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Standalone Personal Emergency Response Systems Market Scope
The market is segmented on the basis of component, services and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Smoke Detectors
- Bed Sensors
- Fall Detection Sensors
- Others
Services
- Monthly
- Yearly
- Others
End User
- Home Based Users
- Senior Living Facilities
- Assisted Living Facilities
Standalone Personal Emergency Response Systems Market Regional Analysis
The market is analyzed and market size insights and trends are provided by component, services and end user as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to lead the standalone personal emergency response systems market due to the rapid shift from fee-based to value-based healthcare services in the region. This transition emphasizes patient-centered care, driving demand for innovative solutions that enhance safety and response capabilities, thereby boosting market growth and adoption.
Asia-Pacific is expected to expand at a significant growth rate in the standalone personal emergency response systems market over the forecast period. This growth is driven by the increasing demand for elderly care solutions and enhanced safety features. China's substantial market share within the region further accelerates this expansion, reflecting robust regional investment.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Standalone Personal Emergency Response Systems Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Standalone Personal Emergency Response Systems Market Leaders Operating in the Market Are:
- Koninklijke Philips N.V. (Netherlands)
- Tunstall Canada (Canada)
- GUARDIAN ALARM (U.S.)
- Connect America (U.S.)
- ADT (U.S.)
- Medical Guardian, LLP (U.S.)
- MobileHelp (U.S.)
- Nortek Security & Control LLC (U.S.)
- Galaxy Medical Alert Systems (U.S.)
- Critical Signal Technologies (U.S.)
- Freeus (U.S.)
- ALERTONE SERVICES LLC (U.S.)
- LifeFone Medical Alert Services (U.S.)
- Bay Alarm Medical & GetSafe (U.S.)
- Cisco Systems (U.S.)
- jupl (U.S.)
- HomeCentris Healthcare, LLC (U.S.)
- GreatCall (U.S.)
- Essence (Israel)
Latest Developments in Standalone Personal Emergency Response Systems Market
- In May 2023, Wearable Health Solutions unveiled a new website allowing global customers to purchase their personal emergency response systems (PERS) directly. The site aims to streamline access to these innovative emergency devices, enhancing safety for users worldwide
- In May 2023, HandsFree Health introduced a personal emergency response speaker (PERS) to its product range. This new device enables users to call for help in emergencies, complementing their existing lineup of medical alert devices, including smartwatches and pendants, designed to enhance personal safety and security
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