The size of the Europe PERS Market is valued at USD 1.12 billion in 2023 and is expected to grow at a CAGR of 5.54% to reach USD 1.47 billion by 2028 during the forecast period.
Personal emergency response systems (PERS) are medical devices where individuals call for medical help during an emergency. These devices are exceptionally innovative, which contact the emergency care services or the other family members. Other than patients' use during an emergency, these devices are also used for general purpose to ensure safety and security when living or traveling alone.
The adoption of personal emergency response systems as a supportive tool for independent living, rapid technological advancements in healthcare wearables are driving the Europe personal emergency response systems market.
In addition, 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 fuelling the European personal emergency response system market.
People with chronic diseases and impairments can also live healthy and independent lives with better awareness, self-care, and sickness treatment. The desire to live well with chronic diseases such as dementia and frailty, on the other hand, drives this sector's growth through increasing demand for social care services. Yet, on the other hand, these conventional approaches are simplistic and provide little assistance in the actual prevention and management of life.
The growth of the personal emergency response system market is being fueled by factors such as the increased use of various applications accessible on Android and IOS systems. Furthermore, the market's demand is being fueled by the growing elderly population and the rising incidence of emergency care services.
Medical alert systems affect the provision of an opportunity by allowing access to the home care provider at all hours of the day and night. Furthermore, as advanced technology increases, the European personal emergency response systems market will have more potential to grow. Rising awareness and appealing reimbursement schemes are positively influencing the personal emergency response system market.
However, The personal emergency response system market's growth is being stifled by a lack of awareness and a decline in the use of landlines.
Europe PERS Market is segmented and sub-segmented into the following categories.
-By End User:
Senior Living Facilities
Assisted Living Facilities, Others
Rest of Europe
During the projected period, the European personal emergency response system market is expected to have a predominant market share. The regional market is being driven by the rise of smartphones or wireless phones and technological improvements. Furthermore, the market for personal emergency response systems in this region is rising due to the growth in chronic diseases.
According to the Swedish Agency for Health and Care Services Analysis, almost 50 million people in Europe suffer from numerous chronic diseases; in Sweden, approximately 44 percent of the population has one chronic disease, and 25 percent has two or more chronic diseases. As a result, the European personal emergency response system market is being propelled by rising awareness and attractive reimbursement policies in countries.
Companies are offering discounts and producing cost-effective items to enhance sales. The European personal emergency response systems market is the second most lucrative. Smartphone-based applications and wearable devices are becoming more popular among Europe's aging population. The region has 11.2 percent of the world's population suffering from neurological illnesses. More than 20 percent of the population in countries like Germany, the United Kingdom, Italy, and France is 65 or older, and this number is growing rapidly.
Germany held the leading share in the personal emergency response system market. Germany is expected to expand at a CAGR of around 6.6 percent in Europe. The significant market growth is driven by the availability of a high prevalence of chronic diseases, increasing healthcare spending, and a well-established healthcare sector. In addition, technological advancements in the healthcare sector, growing awareness about smartphone-based applications, and favorable reimbursement policies are fuelling the growth of the Europe Personal Emergency Response System (PERS) market.
Some of the Top Companies dominating the Europe PERS 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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