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Market Overview

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The personal emergency response systems market in the US exhibited a valuation of $2.49 billion in 2022 and is projected to reach $4.44 billion by 2028, growing at a compound annual growth rate (CAGR) of 10.13%.

The escalating demand for personal emergency response systems can be attributed to several factors. First, there is a growing awareness among older adults regarding the importance of having a reliable emergency response system. Additionally, the expansion of the geriatric population living independently has necessitated the need for such systems. The high prevalence of chronic diseases further emphasizes the significance of personal emergency response systems in ensuring timely assistance during medical emergencies. Moreover, the risk of fall injuries, especially among the elderly, has heightened the demand for PERSs as a preventive measure.

Furthermore, the US boasts a remarkably high smartphone penetration rate. The widespread adoption of smartphones in the country has significantly contributed to the growth of the personal emergency response systems market. The convergence of technology and healthcare has also fueled the demand for wearable health devices, which have witnessed exceptional growth in recent years. This upward trend is expected to persist in the foreseeable future.

Considering the rapid expansion of the elderly population, there is an increasing need for reliable medical alert systems. Personal emergency response systems, with their ability to facilitate effortless emergency calls, are particularly well-suited for elderly adults and individuals with disabilities. These systems provide a sense of security and peace of mind, allowing users to seek immediate help whenever necessary.

The rising awareness among older adults, the expansion of the independent geriatric population, the prevalence of chronic diseases, and the risks associated with fall injuries have all contributed to the increasing demand for personal emergency response systems in the US. The growing adoption of smartphones and the thriving wearable health device industry further augment the market’s growth prospects. With the aging population on the rise, the demand for efficient and accessible medical alert systems is expected to continue its upward trajectory.

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Market Segmentation

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The market is segmented based on various factors, including product type, end-user, and region.

Segmentation by Product Type
In-Home Systems
Mobile Systems
Segmentation by End-User
Homecare Agencies
Assisted Living Facilities
Direct-to-Consumer
Others

Segmentation by Region
West
South
Mid-west
Northeast

The market for personal emergency response systems in the US witnessed significant trends and developments in various segments. In 2022, the mobile-based systems segment emerged as the dominant player, capturing the highest revenue share of 57.08%. This dominance can be attributed to the increasing demand for mobile-based systems such as mobile PERS, cellular systems, and wireless PERSs. The adoption of smartphones in recent years has paved the way for mobile systems, or mPERSs, to become the frontrunner in the market. Despite being slightly heavier and larger than typical portable help buttons, these mobile systems are designed to be comfortably worn as pendants. They feature a microphone, speaker, and a help button that initiates communication with the response center.

In the US, the personal emergency response systems market by homecare agencies was valued at $0.77 billion in 2022 and is projected to grow at a CAGR of 10.36% to reach $1.40 billion by 2028. The homecare agencies segment accounted for the highest share of 31.05% in the US personal emergency response systems market in 2022. Homecare agencies, licensed businesses employing caregivers, provide in-home care to individuals with chronic health issues. These establishments offer both non-medical and medical care, often employing medical professionals such as nursing assistants or nurses. With the growing aging population, the US encourages the development of healthcare services that enable older adults to continue living in their own homes. This approach, known as aging in place, is considered a cost-effective option in terms of care and housing costs.

The West US personal emergency response systems market was valued at $1.02 billion in 2022 and is projected to grow at a CAGR of 10.50% to reach $1.85 billion by 2028. The West US accounted for a revenue share of 40.93% in the overall US personal emergency response systems market in 2022. The market in the West US has been fueled by two key factors: the rising population of individuals residing in assisted living facilities and the significant expansion of the geriatric population living independently. The West US region encompasses several large and populous states, including Alaska, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming, contributing to the growth and potential of the market in this region.

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Competitive Landscape

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The market for personal emergency response systems is characterized by intense competition. As healthcare becomes increasingly digitalized, numerous small and mid-sized companies are entering the market to expand their presence in this rapidly growing industry. Additionally, the focus on developing and discovering advanced technologies has allowed key players to attract a large customer base. The US personal emergency response systems market is highly competitive, with multiple global players offering a diverse range of products. Among the companies currently dominating this market are Connect America, Modivcare, ADT Corp, Medical Guardian, and Bay Alarm Medical.