The size of the Personal emergency response systems market in the Asia Pacific is valued at USD 656.27 Million in 2022 and is projected to be growing at a CAGR of 5.85% to reach USD 872.04 Million by 2027 during the forecast period.
Personal emergency response systems are the medical devices where individuals call for medical help during an emergency. These devices are very innovative, which 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 APAC personal emergency response systems market is increasing due to the increase in the growing population with the increase in 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 increase in the preferences towards going digital and smartphone based mobile applications are gaining more popularity in android and IOS systems are increasing the market growth.
Growing government initiatives for developing well-equipped, advanced medical and healthcare services as well as infrastructure for the patients and other people also the lack of disease management will help in propelling 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 APAC personal emergency response systems market.
Furthermore, an increase in the growing application associated with the 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 with the high costs associated with PERS for manufacturing and installing them are affecting the growth of the APAC personal emergency response systems market.
The Asia Pacific Personal Emergency Response Systems Market is segmented and sub-segmented into the following categories.
Senior Living Facilities
Assisted Living Facilities
Rest of APAC.
Geographically, the Asia Pacific personal emergency response systems market is the third-largest growing market globally. In the forecasted period, it 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 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 APAC personal emergency response systems market.
India and China have seen an increase in the market due to an increase in the developing focus towards 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 a smartphone or wireless devices, is increasing the growth of the market.
Japan, on the other hand, has also seen a boost in the market growth is increasing because of growing government initiatives with rising investment from government and non-government firms in research and development activities are uplifting the growth of the Asia pacific personal emergency response systems market.
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
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