Global Personal Emergency Response Systems (PERS) Market Is Projected To Reach $ 10.7 Billion By 2026

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FACTS AT A GLANCE
Edition: 19; Approved: May 2021
Executive pool: 5483
Companies: 108 – Players Covered include ADT Security Services, Inc .; Alert Response, LLC; AlertOne Services LLC; Appello; Bay Alarm Medical; Chubb Community Care; Connect America Medical Alarm Company; Electronic caregiver; Galaxy Medical Alert Systems, Ltd .; Big call; Guard alarm; Healthcom, Inc .; Royal Philips Electronics NV; Life Alert Emergency Response, Inc .; LifeFone Medical Alert Services; LifeStation, Inc .; LogicMark, LLC; Medical Guardian, LLP; MobileHelp (USA); Ningbo Hi-Tech Park Jabo Electronics Co., Ltd .; Nortek Security & Control LLC; Emergency alarm; Answer now; TeleAlarm SA; TELUS health; Tunstall Healthcare Group; Tynetec Ltd .; Vanguard Wireless Pty Ltd; VRI, Inc. and others.
Cover: All major regions and key segments
Segments: Type (Mobile PERS, Landline PERS, Standalone PERS); End Use (Home, Hospitals, Nursing Homes, Other End Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UNITED KINGDOM; Spain; the rest of Europe; Asia Pacific; Latin America; Rest of the world.

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ABSTRACT-

Reaching global Personal Emergency Response Systems (PERS) Market $ 10.7 billion by 2026

Personal Emergency Response Systems (PERS) are stationary devices or mobile devices that can be worn as a pendant or bracelet and that the user pushes / releases in an emergency. PERS enable elderly and vulnerable people to lead an independent life through security and constant monitoring. Global market demand is fueled by the trend towards home health care, the increase in average life expectancy, the growing baby boomer population, and the increasing involvement of the public and private sectors in elderly care services. An aging world population is the main driver for the growth of the market. It is expected that the increasing incidence of chronic diseases such as strokes, epileptic seizures or Alzheimer’s will further boost the market as these people need medical help in an emergency. Improvements in health infrastructure, the widespread adoption of smartphones, and the proliferation of advanced home health care devices play a critical role in fueling market growth.

Amid the COVID-19 crisis, the global Personal Emergency Response Systems (PERS) market is valued at $ 7.2 billion in 2020 is expected to reach a revised size of $ 10.7 billion until 2026 with a CAGR of 6.6% in the analysis period. Mobile PERS, one of the segments analyzed in the report, is expected to have a CAGR and reach of 7.5% $ 5.8 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and its triggered economic crisis, growth in the Fixed Line PERS segment will be adjusted to a revised CAGR of 6.2% for the next 7-year period. Mobile PERS systems enable people to be constantly monitored, even outside their home. The growth of the segment will be driven by a wider acceptance of these systems. Fixed line PERS is the traditional form of personal emergency response systems. These are immobile and restricted to narrow spaces. Conventional PERS devices are economical, do not require charging and benefit from excellent audio reception.

The US market is estimated at $ 2.6 billion in 2021, while China is expected to reach $ 678.4 million by 2026

The US Personal Emergency Response Systems (PERS) market is estimated at $ 2.6 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 678.4 million by 2026 with a CAGR of 8.6% in the analysis period. Other notable geographic markets include Japan and Canada, which will grow by 5.8% and 6.4% respectively over the analysis period. Inside Europe, Germany is forecast to grow around 6.6% CAGR. North America remains at the forefront of widespread adoption, led by rising health spending, the presence of key players, and the continued transition from paid to value health services. Europe represents another important market due to the increasing elderly population. Asia Pacific has shown relatively higher adoption rates of telecare systems including PERS in recent years, with a rapid increase in the elderly population and increasing adoption of home care equipment.

Achieve an independent PERS segment $ 2.3 billion by 2026

Standalone personal emergency call systems include individual devices that are equipped with communication systems, monitoring systems, and transmitters. In the global standalone PERS segment USA, Canada, Japan, China and Europe will drive the estimated CAGR of 5.3% for this segment. These regional markets make a combined market size of $ 1.4 billion in 2020 a forecast size of $ 2.1 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India, and South Korea, the market in Asia Pacific is expected to be reached $ 131.3 million by 2026. More

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