Asia Pacific PERS Market

Asia Pacific PERS Market Size (2024 to 2032)

The size of the Asia Pacific personal emergency response systems market was valued at USD 695 million in 2023. This market is expected to grow at a CAGR of 5.85% from 2024 to 2032 and be worth USD 1,159 million by 2032 from USD 735 million in 2024. 

MARKET SCENARIO.

Personal emergency response systems are the medical devices where individuals call for medical help during an emergency. These devices are very innovative and contact the emergency care services or the other family members. Other than the use of patients during an emergency, these devices are also used for general purposes to ensure safety and security when living or traveling alone.

The demand for the Asia Pacific personal emergency response systems market is increasing due to the increase in the growing population and the rising geriatric population in the region. Also, an increase in technological advancement for developing innovative and efficient devices for the people, as these devices are used to call requests for help in an emergency or critical situation, drives the growth of the Asia Pacific personal emergency response systems market.

In addition, an increase in the rising awareness about self-care and personal health-care monitoring systems available in the market and an increase in the preferences towards going digital and smartphone-based mobile applications are gaining more popularity in Android and IOS systems, increasing the market growth.

Growing government initiatives for developing well-equipped, advanced medical and healthcare services as well as infrastructure for patients and other people, as well as the lack of disease management, will help propel the market growth. On the other hand, the increase in the competition between the players for intruding new products with advanced facilities and features such as home security, disease management, and home automation will also help in increasing the growth of the Asia Pacific personal emergency response systems market.

Furthermore, an increase in the growing application associated with personal emergency response systems, as well as an increase in the prevalence of chronic diseases among people, will propel the demand for emergency response systems in the market.

However, the lack of awareness among the people about the usage and benefits of personal emergency response systems is majorly restraining the growth of the market. Also, the lack of skilled and trained individuals for operating and monitoring the systems is hampering the growth of the market.

In addition, the concerns and issues related to the data security in personal emergency response systems, along with the high costs associated with PERS for manufacturing and installing them, are affecting the growth of the Asia Pacific personal emergency response systems market.

SEGMENTAL ANALYSIS

Asia Pacific PERS Market Analysis By Type

• Mobile Based
• Landline Based
• Standalone.

Asia Pacific PERS Market Analysis By End-User

• Home-Based Users
• Senior Living Facilities
• Assisted Living Facilities
• Others.

GEOGRAPHICAL ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of Asia Pacific.

Geographically, the Asia Pacific personal emergency response systems market is the third-largest growing market globally. In the forecasted period, the market is estimated to have significant growth in the market share due to the rising elderly people population in the region which is because of the increasing growing population such that India and China hold the largest population in the region and Japan holds the largest population of elderly growing population which will drive the demand for Asia Pacific personal emergency response systems market.

India and China have seen an increase in the market due to an increase in the focus on technological advancement for developing various techniques and devices. Also, an increase in the growing awareness towards going digital, as well as the rising usage of smartphones or wireless devices, is increasing the growth of the market.

Japan, on the other hand, has also seen a boost in market growth because of growing government initiatives with rising investment from government and non-government firms in research and development activities, which are uplifting the growth of the Asia Pacific personal emergency response systems market.

KEY MARKET PLAYERS

Major Companies leading the Asia Pacific personal emergency response systems market Profiled in the Report are ADT Corporation, Life Guardian Technologies LLC, Koninklijke Philips N.V., Tunstall Healthcare Group Ltd, Bay Alarm Medical Company, Philips Electronics N.V, Alert One Services LLC, Medical Guardian LLC, and Others.