North America Personal Emergency Response Systems (PERS) Market

North America Personal Emergency Response Systems (PERS) Market Size

The Size of the personal emergency response systems (PERS) market in North America was valued at USD 1.62 billion in 2023. The North American market is expected to be valued at USD 1.70 billion in 2024 and USD 2.54 billion by 2032, exhibiting a CAGR of 5.12% from 2024 to 2032.

Personal emergency response systems are the medical devices that individuals use to call for medical help during an emergency. These devices are exceptionally innovative and can be used to contact emergency care services or other family members. Other than patient use during an emergency, these devices are also used for the general purpose of ensuring safety and security when living or traveling alone.

MARKET DRIVERS

Rising Awareness of the PERS in North America

The shift from analog to digital equipment and wired to wireless systems increased the adoption of personal emergency response systems in the market. This system also allows caregivers to send messages and speak directly with patients, thereby saving time and faster communication between patients, hospital staff, and doctors. It will enable open dialogue between the patient and others through the central unit, allowing the doctors to affect a proper response where the pendant's range is generally inside the home and partly outside.

Rising geriatric population, adoption of Personal emergency response systems as a supportive tool for independent living, rapid technological advancements in healthcare wearable, increased penetration of smartphone-based mobile applications, rising awareness towards personal healthcare and monitoring, lack of disease management, improvement in communication and connectivity technologies, and mobility benefits are driving the growth of the North America personal emergency response system market.

MARKET RESTRAINTS

However, lack of awareness and decreasing the use of landlines are restraining the development of the market.

REGIONAL ANALYSIS

North America is projected to cover the largest share of the global PERS market over the forecast period. The PERS in North America is expected to dominate the market due to the increasing acquisition of personal emergency response systems and the growing population of older people, which will propel the market growth of this region over the forecast period.

The U.S. PERS market is likely to have the largest share in the global market in 2023 and is predicted to grow with a CAGR of 4.51% during the analysis period. The growth of this country is attributed to low operational complexity and high reliability. Advanced technologies in the healthcare industry and advancing healthcare infrastructure.

The Canadian market is expected to lead the North American personal emergency response market over the forecast period after the United States due to the advancements in healthcare infrastructure and the growing occurrence rate of chronic diseases amidst the population, which fuels the PERS market growth during the historical period. The rising elderly people population, incorporated with increasing awareness among consumers, is expected to boost this region's market growth.

KEY MARKET PARTICIPANTS

Some of the prominent companies dominating the North American personal emergency response systems (PERS) market profiled in the report include 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 and Medical Guardian LLC.

MARKET SEGMENTATION

This research report on the North American personal emergency response systems (PERS) market is segmented and sub-segmented into the following categories.

By Type

• Mobile Based
• Landline Based
• Standalone.

By End-User

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

By Country

• United States
• Canada
• Rest of North America