The global Personal Emergency Response System (PERS) Market is expected to reach US$ 8 Billion by the year 2028 at a CAGR of 5.2% between 2022 and 2032.
Personal Emergency Response System (PERS), better known as ‘medical emergency systems’, comprise 3 components – a console connected to the phone, a radio transmitter, and an emergency response center monitoring calls. It has been seen that majority of PERS are programmed to call an emergency response center wherein it notices emergency on the part of the patient, history, and then decides who needs to be notified.
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Certain PERS do help in automatic fall detection and do make an emergency call even if call isn’t made by person wearing it to indicate medical alert. For example – the National Council of Aging states that a geriatric patient gets treated in the emergency room every 11 seconds (reason: fall). The CDC has also indicated that almost half of the adults all over the US contract one-two chronic diseases.
The Who also states that ~12% of those aged 65 and above and 45% of those aged 85 and above do suffer from strokes and Alzheimer’s. Plus, smartphones are successfully penetrating the older population; thereby enabling medication reminders, emergency calls, two-way voice communication, and many such factors.
At the same time, the fact that there is a dearth of skilled professionals on this count could not be ignored. This factor is expected to restrain the personal emergency response system (PERS) market going forward.
Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Personal Emergency Response System (PERS) Market’. It has its dedicated team of analysts and consultants to look through a 360-degree approach in its primary, secondary, and tertiary modes of research.
“With increase in geriatric population at large, the global Personal Emergency Response System (PERS) market is expected to catalyze in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Personal Emergency Response System (PERS) Market
- North America holds the largest market share with the US being subject to growing geriatric population, enhanced healthcare infrastructure, and likewise.
- Europe holds the second-largest market share with continuous enhancement in healthcare infrastructure.
- The Asia-Pacific is expected to grow at the fastest rate in the personal emergency response system (PERS) market with government in regions like India taking initiatives regarding home healthcare sector.
- LATAM and MEA are expected to witness lucrative opportunities herein.
What does the Report state?
- The research study is based on type (landline PERS, mobile PERS, and other types), and by end-user (home healthcare, assisted living facilities, and others).
- With streamlining of distribution channels on the anvil, the global personal emergency response system (PERS) market is expected to grow on an astounding note in the forecast period.
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Key Segments
By Type:
- Landline PERS
- Mobile PERS
- Other Types
By End User:
- Home Healthcare
- Assisted Living Facilities
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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