U.S. Personal Emergency Response Systems Market: By PERS Type PERS, Medical Alert Phones, and Mobile PERS ), By End User and Country
U.S. Personal Emergency Response Systems (PERS) Market size was valued at US$ 3,089.3 million in 2021 and poised to grow at significant CAGR during 2022-2028 owing to rising elderly population in the United States coupled with increasing penetration of smartphones in the healthcare system and technological advancements in the healthcare wearables are the major factors that are driving the growth of the PERS market.
However, lack of insurance policies for personal emergency response systems (PERS) and cost of monitoring service charges and long-term contracts hinders the growth of the market over the forecast period. U.S. personal emergency response systems (PERS) market is surging owing to advancements in technology launch of new products into the market and strategic collaborations and acquisitions in the market. For instance, In April 2019, GreatCall announced the launch of an updated version of its retail personal emergency response system (PERS) which updates its personal fall detection device with 80-hour battery, 4G LTE.
For instance, in January 2019, Connect America, the nation's largest independent provider of personal emergency response systems (PERS), announced that it has acquired Tunstall Americas, another leader in connected health services. In August 2018, Best Buy has announced that the company has acquired GreatCall to from Tech to Health support for its Aging customers. In January 2017, Connect America has announced that it has recently acquired Recine’s Medical Alert, specialist in the home healthcare market to expand the PERS operations into Colorado
The Mobile PERS (mPERS) market will be driven primarily owing to increasing demand for wearables (pendants, bracelets, and smartphones) in the medical alert industry coupled with launch of innovative wearables introduced into the market in recent years. However, the landline-based (standard) PERS market is expected to slow down the growth due to rising adoption towards advanced products such as wearables in medical alert industry. The market for mPERS is expected to growth at CAGR of 6.2% over the forecasted years (2019-2025). Adoption of PERS in United States is the major factor driving the growth of the market over the future years.
|
Report Benchmarks |
Details |
|
By PERS Type |
|
|
By End User |
|
|
Connectivity |
|
|
aircraft type |
|
Download Free Sample Report
Us personal emergency response systems market is projected to expand at a CAGR of x% during the forecast period
AlertOne Services LLC, ADT Corporation, Rescue Alert, Philips Lifeline®, LogicMark LLC
North America is the fastest-growing region for our personal emergency response systems market
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
Download Free Sample
