The Size of the Personal Emergency Response Systems (PERS) Market in North America is valued at USD 1.62 billion in 2023. It is estimated to be growing at a CAGR of 5.12% to reach USD 2.09 billion by 2028 during the forecast period.
Personal emergency response systems are the 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 the general purpose of ensuring safety and security when living or traveling alone.
Shift from analog to digital equipment, and wired to wireless systems, increased personal emergency response system market adoption. This system also allows caregivers to send messages and speak directly with patients, thereby saving time and faster communication between patients, hospital staff, and doctors. It will enable open dialogue between the patient and others through the central unit, allowing the doctors to affect a proper response where the pendant's range is generally inside the home and partly outside.
Rising geriatric population, adoption of Personal emergency response systems as a supportive tool for independent living, rapid technological advancements in healthcare wearable, 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 driving the growth of the North America personal emergency response system market. However, lack of awareness and decreasing the use of landlines are restraining the development of the market.
North American Personal Emergency Response Systems Market segmented and sub-segmented into the following categories.
Regionally, North America is projected to cover the largest share in the global PERS market. The PERS in North America is expected to dominate the market due to the increasing acquisition of personal emergency response systems, growing elder people population, which propels the market growth of this region over the review period.
U.S PERS market is likely to have the largest share in the global 2019 and is predicted to grow with a CAGR of 4.51% during the analysis period. The growth of this country is attributed to low operational complexity and high reliability. Advance technologies in the healthcare industry and advancing healthcare infrastructure.
The Canadian market is expected to be leading the North American personal emergency response market over the forecast period after the United States due to the advancements in healthcare infrastructure and the growing occurrence rate of chronic diseases amidst the population, which fuels the PERS market growth during the historical period. Rising elder people population incorporated with increasing awareness among the consumers is expected to boost this region's market growth.
Some of the Prominent Companies dominating the North America 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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