Personal Emergency Response Systems (PERS) Market research insights:
The worldwide PERS market is anticipated to reach USD 11.1 billion by 2025. According to estimates, the market for medical alert systems will grow as a result of higher life expectancy and an increase in the prevalence of Alzheimer’s disease. Additionally, it is anticipated that a growing number of mergers and acquisitions by industry participants would quicken growth.
In addition, seniors are more likely to fall; a research found that 30% of seniors over 65 and 50% of seniors over 80 fall each year. Furthermore, those with conditions including epilepsy, Alzheimer’s, Parkinson’s, multiple sclerosis, and muscular dystrophy are more likely to fall. These are the primary elements that are predicted to influence the market.
Caretakers can locate wandering seniors thanks to the availability of technologically advanced medical alert systems, such as those equipped with W-Fi, GPS, BLE, and radio frequency. Personal Emergency Response Systems (PERS) Market and mobile communication technologies have made it possible to monitor people when they are not just at home but also out and about and engaged in active lifestyles. The elderly can now be connected to their caretakers and medical experts via devices that are capable of automated or predictive fall detection. Medical alert systems have a big chance to establish linked homes as knowledge of the Internet of Things grows. As a result, the Personal Emergency Response Systems (PERS) Market expansion has been hastened by technologically sophisticated PERS devices.
Due to their accessibility and affordability, standalone devices are anticipated to be one of the fastest increasing sectors throughout the projection period.
Because of how frequently they are used, mobile systems made up the biggest section in 2016.
The end-use sector for home-based users, which accounted for the majority of end-uses in 2016, is anticipated to increase at the quickest rate throughout the projection period.
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Key players in the Personal Emergency Response Systems (PERS) Market:
are some of the major companies in Personal Emergency Response Systems (PERS) Market. The majority of the significant businesses are concentrating their efforts on broadening their product offerings, as well as forming partnerships and making acquisitions.
Report Attribute/Metric |
Details |
Market Size in 2027 |
USD 5,540.2 Million |
Growth rate: |
CAGR of 7.4% (2020-2027) |
Forecast Period |
2020-2027 |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Market USP Covered
Personal Emergency Response Systems (PERS) Market Regional analysis
The local presence of key players in North America in 2016, along with an increasing number of mergers and acquisitions, contributed to the region’s market dominance in 2016.
It is anticipated that Asia Pacific will be the region with the highest rate of growth over the next decade, with a lucrative CAGR from 2017 to 2025. This is due to improvements in economic conditions as well as an increase in the amount spent on healthcare.
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Personal Emergency Response Systems (PERS) Market segmentation
The global Personal Emergency Response Systems (PERS) Market, broken down by product type, application, and region as follows:
Type Outlook (Revenue, USD billion, 2014–2025) Landline PERS, Mobile PERS, Standalone PERS.
End-use Outlook (Revenue, USD billion, 2014–2025) Users who are based at home, residents of nursing homes and assisted living centers, and patients in hospices.
Regional Outlook (Revenue, USD billion, 2014–2025):The regions of North America, the United States of America, and Canada, Europe, the United Kingdom, and Germany, Asia Pacific, Japan, China, Latin America, Brazil, and Mexico, the Middle East and Africa, and South Africa, as well as other regions, are included.
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