Personal Emergency Response System Market - Size, Industry Share, Growth Trends and Forecasts (2024 - 2031)

By Type :

Based on the type, the market is bifurcated into landline personal emergency response system, cellular personal emergency response system, mobile personal emergency response system, GPS-based personal emergency response system, app-based personal emergency response system, and others. The mobile personal emergency response system segment accounted for a highest revenue share in the year 2023. Mobile personal emergency response systems are designed to work anywhere, similar to a mobile phone. Mobile personal emergency response systems utilize cellular networks for connecting to an emergency response center and are often integrated with GPS to help locate users in case of an emergency. Moreover, mobile personal emergency response systems offer a range of benefits including increased portability, higher flexibility, two-way communication support, location-based features, and others.

For instance, in January 2022, Essence launched its new 5G-enabled mobile personal emergency response system. The device is integrated with real-time activity monitoring, built-in fall detection, and two-way voice capabilities. Thus, rising innovation associated with mobile personal emergency response system is among the prime factors driving the personal emergency response system market demand.

The GPS-based personal emergency response system segment is anticipated to register the fastest CAGR during the forecast period. GPS-based personal emergency response system employs global positioning system technology for identifying the user's location during an emergency situation. GPS-based personal emergency response system is particularly useful for individuals who experience an emergency outside of the home or individuals who spend a lot of time outdoors.

For instance, HomeCentris Healthcare LLC launched a personal emergency response system integrated with GPS tracking capabilities in its product portfolio to track individual's location in case of emergencies. Therefore, rising advancements associated with GPS-based personal emergency response system are anticipated to boost the trends of the market during the forecast period.

By Technology :

Based on the technology, the market is bifurcated into Bluetooth, GPS, fall detection technology, and others. The Bluetooth segment accounted for the largest market share of 39.17% in the year 2023. Bluetooth employs a short range wireless communication technology for exchanging data by utilizing short-wavelength UHF radio waves. Bluetooth technology enables these response system users to control the device in a wireless manner while simplifying data sharing and reducing time consumption during emergency situations. Moreover, the integration of Bluetooth technology in these response systems offers several features including movement sensing, vitals monitoring, fitness tracking, medication reminders, and other related features.

For instance, Talius Group Ltd. offers personal emergency response system integrated with Bluetooth technology in its product portfolio to provide improved care solutions to aged and disabled individuals. Therefore, the rising integration of Bluetooth technology in these response systems is a prime factor proliferating the expansion of the segment.

The GPS segment is anticipated to register fastest CAGR during the forecast period. GPS technology is often integrated in personal safety and security devices to enable individual's location tracking for improved monitoring along with retrieval of precise locations for sending aid in case of medical emergencies.

For instance, ADT offers on-the-go series of these response system integrated with GPS technology for providing individual location in real-time. Thus, the increasing integration of GPS technology in these response systems for precise location monitoring and tracking is a key factor projected to drive the expansion of the segment during the forecast period.

By Application :

Based on the application, the market is segregated into home healthcare, assisted living facilities, nursing homes, and others. The home healthcare segment accounted for the largest revenue share in the year 2023. Factors including the increasing prevalence of prolonged diseases, growing geriatric population, and rising implementation of self-health management are vital prospects driving the expansion of the home healthcare segment.

For instance, according to Australian Institute of Health and Welfare, there were an estimated 4.2 million elderly population aged 65 and over in Australia as of 2020, geriatric population accounting for 16% of the total Australian population. Therefore, the growing prevalence of geriatric population is driving the adoption of these response system to facilitate home healthcare services to individuals and generate alerts in case of medical emergencies, in turn driving the expansion of the market.

Nursing homes segment is expected to witness fastest CAGR during the forecast period. The growth of nursing homes segment is primarily driven by multiple factors including rising investments in development of nursing homes, increasing prevalence of chronic diseases, and growing elderly population among others.

For instance, there are approximately 18,064 nursing homes in India as of September 2023. These response systems are often used in nursing homes to connect senior citizens, elderly people suffering from chronic health conditions, and disabled individuals residing in the facility with emergency response center in case of medical emergencies. Thus, the rising development of nursing homes is a key factor anticipated to drive the market growth during the forecast period.

Personal Emergency Response System Market Regional Analysis:

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Asia-Pacific accounted for the largest revenue share of USD 1,531.87 Million in 2023 and is expected to reach USD 2,612.86 Million by 2031, registering the highest CAGR of 6.9% during the forecast period. In addition, in the region, the China accounted for the maximum potential personal emergency response system market share of 31.4% in the same year.

Based on the market analysis, factors including rising geriatric population with chronic conditions and prevalence of significant number of nursing homes are driving the market demand for these response system in the Asia-Pacific region.

For instance, according to United Nations Population Fund (UNFPA), there were approximately 149 million individual aged 60 years and above in India in 2022, accounting for 10% of the country's total population. UNFPA further states that the elderly population in India is projected to reach 347 million by 2050. Thus, the rising geriatric population is driving the adoption of these response systems to provide constant monitoring of elderly individual's health conditions and ensure immediate medical attention in case of emergencies, thereby, boosting market growth in the region during the forecast period.

For instance, in January 2023, Genesis Healthcare Inc. announced the addition of 34 nursing homes in Pennsylvania, United States, as a part of its expansion strategy to deliver improved patient care. The above factors are driving the adoption of these response systems for connecting senior citizens, elderly people suffering from chronic health conditions, and disabled individuals residing in nursing homes with emergency response center in case of medical emergencies, in turn driving the market growth in North America.