THE U.S. PERSONAL EMERGENCY RESPONSE SYSTEMS (PERS) MARKET IS EXPECTED TO REACH USD 4.44 BILLION BY 2028 FROM USD 2.49 BILLION IN 2022, GROWING AT A CAGR OF 10.13% DURING THE FORECAST PERIOD.

The U.S. Personal Emergency Response Systems (PERS) Market Size, Share, & Trends Analysis Report by

  • Product: Mobile-based Systems and In Home-based Systems
  • End-user: Homecare Agencies, Assisted Living Facilities, Direct-to-Consumer, and Others
  • Region: The U.S. (West, South, Mid-West, and Northeast)

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023–2028.

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U.S. PERSONAL EMERGENCY RESPONSES SYSTEMS MARKET REPORT SCOPE

Report Attribute Details
Market Size (2028) USD 4.44 Billion
Market Size (2022) USD 2.49 Billion
CAGR (2022-2028) 10.13%
Base Year 2022
Forecast Year 2023-2028
Market Segments Product, End-user, and Geography
Regional Analysis The U.S. (West, South, Midwest, and Northeast)
KEY VENDORS Connect America, Modivcare Inc, ADT Corp, Medical Guardian, Bay Alarm Medical

MARKET INSIGHTS

The U.S. personal emergency response systems (PERS) market was valued at USD 2.49 billion in 2022 and is expected to reach USD 4.44 billion by 2028, growing at a CAGR of 10.13% during the forecast period. The demand for personal emergency response systems is rising due to the rise in awareness among older adults, the expansion of the geriatric population living independently, the high prevalence of chronic diseases, and the risk of fall injuries, which have accelerated the demand for PERSs. With the rapid expansion of the elderly population, there has been a rise in demand for medical alert systems. PERSs are ideal for elderly adults and differently-abled individuals to call for help effortlessly during an emergency. Further, the revolution brought by emerging technologies such as the Internet of Things (IoT) and artificial intelligence (AI) has provided tremendous opportunities to the players in the U.S. personal emergency response systems (PERS) market. Some players like Xander Kardian and Qventus have built AI-powered fall detectors for elderly individuals. The impact of such technologies is remarkable and has a humungous potential in personal emergency response systems.

WHY THIS REPORT?

This Report Provides

  • A thorough insight into the structure and size of each market segment.
  • An analysis of several micro-market indicators considering growth factors, industry prospects, and strategic contribution to the U.S. personal emergency response systems (PERS) market.
  • Overviews of the top manufacturers/marketed products, pipeline analysis, clinical trial analysis, competitive landscape, vendor profiles, mergers & acquisitions.
  • Provide strategic planning, such as comprehensively understanding consumer behavior, competitors, new product development, geographic market expansion, and merger & acquisition pipelines.
  • Insights to formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing various competitors' performance.
  • Identifies emerging players with potentially strong product portfolios and creates effective counter strategies to gain a competitive advantage.

MARKET TRENDS & DRIVERS

Growing Demand for Assisted Living Centers & Retirement Homes
The demand for assisted living care has witnessed a pattern of continuous growth in the past few years due to the robust economy and the surge in baby boomers reaching retirement age. Assisted living is expected to remain one of the fastest-growing living options for senior citizens. As the aging population in the country continues to rise, several vendors have launched new products, and new companies have entered the senior living market to meet their requirements. As per the U.S. Census Bureau projections, the elderly population in the country is expected to increase to 74 million by 2030. More than 835,000 Americans currently reside in assisted living communities in the country. Around one million Americans live in senior communities, which is expected to double by 2030. Thus, the increased number of assisted living centers will propel the U.S. personal emergency response systems (PERS) market as these systems help keep elderly residents safe and reduce emergency events. Wireless alert systems allow residents to call for help pushing a button if they fall, suspect a medical problem, or require other assistance.

Rise in Adoption of Smart Wearable Devices
Wireless sensors and digital technologies have led to many wearable healthcare devices enabling users to examine, monitor, and track their physiological conditions. Smart, wearable devices are popular platforms for healthcare services, particularly given the increased interest in health, well-being, disease prevention, and fitness. The paradigm shift toward personalized and self-managed healthcare has also accelerated the adoption of smart wearable devices. About 30% of adults in the country use wearable healthcare devices. Wireless communication has enabled the development of a dynamic monitoring setup in healthcare systems and will continue to do so in the future.

INDUSTRY RESTRAINTS

Growth in Data Breach & Data Security Concerns
The high connectivity to computer networks has exposed medical devices to cybersecurity vulnerabilities. Latest technological advances have resulted in healthcare delivery transformations, which have the capacity and capability to improve patient care. An example is the rise in interconnectivity between medical devices and other clinical systems. According to the latest SANS Institute, the healthcare sector is a prime target for cyberattacks, as 94% of healthcare organizations have been the target of such attacks in recent years. This includes attacks on medical devices and infrastructure. The use of PERSs requires the personal information of patients, which can be easily exposed to cybercriminals. Therefore, software-based medical devices that are dependent on wireless or wired connections must be closely monitored for data security concerns and cyberattacks.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT
The mobile-based systems product segment dominated the U.S. personal emergency response systems (PERS) market and accounted for the highest revenue share in 2022. This dominance can be attributed to the rise in demand for various mobile-based systems, such as mobile PERS, cellular systems, and wireless PERSs. Moreover, mobile systems or mPERSs are likely to dominate the market in the coming years due to the considerably high adoption of smartphones in recent years.

Rechargeable batteries operate mobile pendants and can be ordered with a fall-detection sensor for an additional monthly fee. Mobile systems use GPS technology to pinpoint the user’s exact location and cellular technology to connect the user to a response center. For instance, the Bay Alarm Medical Splitsecnd In-Car Medical Alert, a specialized mobile system, is plugged into the user’s car to give one-touch access to a live emergency response agent. Also, the solution has a GPS and a crash detector, which enable emergency responders to detect the wearer’s exact location. Further, an mPERS solution ensures that users at home or any other location can always call for help using their medical alert system. As baby boomers age, they remain more active than the generations of seniors.

INSIGHTS BY END-USER
The U.S. personal emergency response systems (PERS) market by end-user is segmented into homecare agencies, assisted living facilities, direct-to-consumer, and others. The homecare agencies segment accounted for the highest share of the market in 2022. Homecare agencies are licensed businesses that employ caregivers to offer in-home care to patients with chronic health issues. These establishments can deliver non-medical or medical care and employ medical professionals, such as nursing assistants or nurses. The U.S. encourages the development of healthcare services that enable older adults to continue living in their current homes due to the growth in its aging population. Aging in place is presumed to be a cheaper option based on care and housing costs. Further, Kindred Healthcare, Amedisys, LHC Group Inc., Elara Caring, and AccentCare Inc. are homecare agencies that offer services for the aging and geriatric populations living independently.

GEOGRAPHICAL ANALYSIS

The Western region holds the largest share, over 40%, in the U.S. personal emergency response systems (PERS) market in 2022. The surge in individuals living in assisted living facilities and the considerable expansion of the geriatric population living independently have contributed to the market's growth. Further, the West U.S. includes many large and populous states: Alaskaka, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming. For instance, Alaska is one of the major markets for assisted living facilities in the US. Around 45% of assisted living residents in this state are aged 85 and above. The constant increase in the aged population will offer significant growth opportunities to vendors in the market. More than 100 assisted living communities are present in Alaska, with around 1,800 beds (licensed max capacity), which serve an average of 10 individuals.

VENDOR LANDSCAPE

The competition in the U.S. personal emergency response systems (PERS) market is intense, with several global players offering diverse products. Some companies dominating the U.S. personal emergency response systems (PERS) market include Connect America, Modivcare, ADT Corp, Medical Guardian, and Bay Alarm Medical. Further, major players are focusing on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter and gain access to commercially launched products. For instance, in 2021, Connect America collaborated with Urban Health Plan (US), a health center program in the United States, to provide remote patient monitoring (RPM) services to patients in the Bronx, Queens, and Manhattan.

Some prominent key players in the U.S. personal emergency response systems (PERS) market are increasing their investments in various healthcare IT systems. One of the key players, Modivcare, is a technology-enabled healthcare services company that provides integrated supportive care solutions focused on improving patient outcomes. The company is leading the transformation to connect people with care better. The company caters to the most underserved patient populations by facilitating non-emergency medical transportation, remote patient monitoring, meal delivery, and personal and home care to enable greater access to care, reduce costs, and improve outcomes.

Frequently Asked Questions

How big is the U.S. personal emergency response systems (PERS) market?

The U.S. personal emergency response systems (PERS) market was valued at USD 2.49 billion in 2022 and is expected to reach USD 4.44 billion by 2028.

What is the projected growth rate of the U.S. personal emergency response systems (PERS) market?

The U.S. personal emergency response systems (PERS) market is projected to grow at a CAGR of 10.13% during the forecast period.

What are the rising trends in the U.S. personal emergency response systems market?

The rising trends in the U.S. personal emergency response systems market are the introduction of voice-based & mobile medical alert systems, the revolutionizing impact of emerging technologies such as IoT & AI, and the growing demand for assisted living centers & retirement homes.

Which region holds the most significant U.S. personal emergency response systems (PERS) market share?

The Western region dominated the U.S. personal emergency response systems (PERS) market share, accounting for over 40% in 2022.

Who are the key players in the U.S. personal emergency response systems (PERS) market?

Connect America, Modivcare Inc, ADT Corp, Medical Guardian, and Bay Alarm Medical are the key players in the U.S. personal emergency response systems (PERS) market.

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The U.S. personal emergency response systems (PERS) market size is expected to grow at a CAGR of approximately 10.13% from 2022 to 2028.

The following factors are likely to contribute to the growth of the U.S. personal emergency response systems (PERS) market during the forecast period:

  • Favorable Healthcare Reforms & Financial Assistance from Government
  • Rise in Adoption of Smart Wearable Devices
  • Rapid Expansion of Geriatric Population Living Independently

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the U.S. personal emergency response systems (PERS) market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  • Connect America
    • Business Overview
    • Product Offerings
  • Modivcare Inc
  • ADT Corp
  • Medical Guardian
  • Bay Alarm Medical

Other Prominent Vendors

  • AlertOne
    • Business Overview
    • Product Offerings
  • AT&T
  • Aloe Care Health
  • CISCO Systems
  • Freeus
  • HandsFree Health
  • LifeFone Medical Alert Systems
  • MedGuard Alert Inc
  • MobileHelp
  • QMedic

Segmentation by Product

  • Mobile-based Systems
  • In Home-based Systems

Segmentation by End-user

  • Homecare Agencies
  • Assisted Living Facilities
  • Direct-to-Consumer
  • Others

Segmentation by Region

  • The U.S.
    • West
    • South
    • Mid-West
    • Northeast

CHAPTER – 1: Personal Emergency Response Systems Market Definition

  • Market Definition
  • Market Segmentation

CHAPTER – 2: Personal Emergency Response Systems Market Overview

  • Executive Summary
  • Key Findings

CHAPTER – 3: Personal Emergency Response Systems Market

  • US: Projected Revenue of Personal Emergency Response Systems (2022-2028; $Billions)

CHAPTER – 4: Personal Emergency Response Systems Market Segmentation Data

  • US: Projected Revenue by Product type (2022-2028; $Billions)
  • Mobile-based Systems
  • In Home-based Systems
  • US: Projected Revenue by End-user type (2022-2028; $Billions)
  • Homecare Agencies
  • Assisted Living Facilities
  • Direct-to-Consumer
  • Others
  • US: Projected Revenue by Region (2022-2028; $Billions)
  • West US
  • South US
  • Mid-west US
  • Northeast US

CHAPTER – 5: Personal Emergency Response Systems Market Prospects & Opportunities

  • Personal Emergency Response Systems Market Drivers
  • Personal Emergency Response Systems Market Trends
  • Personal Emergency Response Systems Market Constraints

CHAPTER – 6:  Personal Emergency Response Systems Industry Overview

  • Personal Emergency Response Systems - Competitive Landscape
  • Personal Emergency Response Systems – Key Vendors
  • Personal Emergency Response Systems – Other Prominent Vendors
  • Personal Emergency Response Systems - Key Strategic Recommendations

CHAPTER – 7: Appendix

  • Quantitative Summary
  • Abbreviations
  • About Arizton

 

 

 

 

 

List of Exhibits

  • Exhibit 1: Projected Revenue of Personal Emergency Response Systems Market in US (2022 – 2028)
  • Exhibit 2: Projected Revenue of Personal Emergency Response Systems Market by Mobile-based Systems (2022 – 2028)
  • Exhibit 3: Projected Revenue of Personal Emergency Response Systems Market by In Home-based Systems (2022 – 2028)
  • Exhibit 4: Projected Revenue of Personal Emergency Response Systems Market by Homecare Agencies (2022 – 2028)
  • Exhibit 5: Projected Revenue of Personal Emergency Response Systems Market by Assisted Living Facilities (2022 – 2028)
  • Exhibit 6: Projected Revenue of Personal Emergency Response Systems Market by Direct-to-Consumer (2022 – 2028)
  • Exhibit 7: Projected Revenue of Personal Emergency Response Systems Market by Others (2022 – 2028)
  • Exhibit 8: Projected Revenue of Personal Emergency Response Systems Market by West US (2022 – 2028)
  • Exhibit 9: Projected Revenue of Personal Emergency Response Systems Market by South US (2022 – 2028)
  • Exhibit 10: Projected Revenue of Personal Emergency Response Systems Market by Mid-west US (2022 – 2028)
  • Exhibit 11: Projected Revenue of Personal Emergency Response Systems Market by Northeast US (2022 – 2028)

List of Tables

  • Table 1: Key Market Trends in Personal Emergency Response Systems Market
  • Table 2: Key Market Enablers in Personal Emergency Response Systems Market
  • Table 3: Key Market Constraints in Personal Emergency Response Systems Market
  • Table 4: Strategic Recommendations in Personal Emergency Response Systems Market

 

 

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