New York, June 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “US Personal Emergency Response Systems (PERS) Market – Industry Outlook & Forecast 2022-2027” – https://www.reportlinker. com/p06288143/?utm_source=GNW
• Growing prevalence of chronic diseases and increasing number of injuries
• Increased adoption of smart wearable devices for health monitoring
• Growing number of geriatric people living independently
Medical alert systems, especially Personal Emergency Response Systems (PERS), are becoming increasingly popular among all seniors in the United States. PERS are primarily designed to enable older people and people with disabilities to quickly request/alert assistance in an emergency. Modern communications technology and sensors, coupled with advances in data analytics, have enabled remote monitoring and management of the elderly. The PERS system is one such technology that allows people, including the elderly, to call for help in an emergency. The elderly are often prone to falls and require medical attention in most cases. In addition, for family members of active seniors, it is highly recommended to track and monitor their activities and remind them of medications. Additionally, for people with mild dementia who suffer from disorientation, PERS offers vital features such as location tracking and geofencing. Growing integration between wearable medical devices and medical alert systems like PERS and healthcare facilities will enable remote access to patient data, deliver essential home healthcare services and improve patient safety and health outcomes. The demand for such integrated wearables has gained momentum after the onset of the COVID-19 pandemic. They offer patients, especially the elderly, safer and more accessible options for routine, preventive and chronic care.
Introduction of voice-based and mobile medical alert systems
• PERS technology was first introduced with a home medical alert system, where older people could only receive emergency help and protection at home via a landline phone. Since then, PERS companies have expanded their product lines to incorporate cellular systems that require no phone lines. This led to the introduction of a new segment called mPERS.
• By pressing a button, most commonly worn around the neck as a pendant or on the wrist as a bracelet, the user can connect with an emergency operator who can dispatch help to the user’s exact location ; this is enabled by built-in GPS and Wi-Fi location detection. Some PERS products detect falls and trigger assistance calls even when users cannot press the medical alert button
• mPERS include a variety of devices, from watches and pendants to cell phones. The easy to use SOS button on these devices makes them unique and easy to use. Some mPERS devices also have fall detection capabilities that automatically trigger a call for help
High adoption of smartphone apps among the geriatric population
• Although older adults have a relatively lower rate of technology adoption than younger people, they are now more digitally connected than five years ago. A select group of older, more affluent and highly educated adults use various smartphone technologies and e-health platforms.
• Mobile healthcare has evolved to provide healthcare services to users through phone calls with healthcare experts. In the United States, the percentage share of people age 65 and older is estimated to double by 2050. According to the CDC, approximately 36 million falls are reported each year in the United States. Of 36 million falls, approximately 20% cause broken bones, head injuries or other trauma.
• According to AARP, older adults have increasingly accepted smartphones, mHealth technologies and wearable medical devices over the past five years. Older people who are socially isolated or who suffer from chronic illnesses are at risk of accidents and are likely to fall ill often. Thus, an active health care management sector is imperative in the United States.
• Smart phone technologies can help seniors in their daily lives. Software in the form of an app can turn smartphones into an effective PERS, which can be upgraded with additional app-based features, paired with a Bluetooth alert button, or possibly replaced with a newer model .
Personal Emergency Response Systems (PERS) Market Scenario in United States
• The US PERS market is expected to grow at a higher single-digit CAGR during the forecast period. The major factors propelling the growth of the market are increased awareness of PERS in the country, prevalence of chronic diseases, and risk of injury from falls. Other factors such as the adoption of smart and wearable devices to monitor health, the increase in the geriatric population living independently, favorable health care reforms and financial assistance for the elderly are also contributing to the growth of the global PERS market. However, the high cost of PERS and growing data breach issues are limiting the market growth.
• This increase in the adoption of smartphones has led to the growth of the market. The wearable health device industry has also grown in recent years, and this trend is expected to continue in the coming years. Additionally, technological advancements in wearable devices could help patients adopt medical systems in the future. With the rapidly growing elderly population, there is an increase in demand for medical alert systems. PERS are widely adopted and used in most Western countries. Hence, with the help of PERS, the elderly can grow old in the comfort of their homes and hence, this factor is expected to propel the growth of the market.
• The revolution brought by advanced technology platforms such as Internet of Things (IoT) and Artificial Intelligence has provided significant opportunities for vendors in the US personal emergency response systems market. In particular, AI-based PERS and predictive analytics assist in automatic fall detection and control of wandering users and provide prompt notification to caregivers and medical professionals. The personal emergency response systems market is experiencing a trend with new technology replacing traditional medical alert systems. Mobile PERS are likely to dominate the overall medical alert system market as smartphone penetration is very high in the United States among the elderly.
The mobile personal emergency response systems segment is the largest revenue contributor and the fastest growing segment compared to home PER systems. Personal response systems are no longer used only within the confines of homes with the steady advancements in mPERS technology. Depending on the design and monitoring options, help can be obtained on vacation, during household chores or outside the main residence. An mPERS ensures that users can always call for help from their medical alert system, whether at home or on the go. Mobile systems use GPS technology to pinpoint the user’s exact location and cellular technology to connect to a response center. Home PER systems are for people who rarely leave the house. These systems are either connected to a landline or a cellular connection. They are mainly used by older people who are mostly bedridden or do not have an active life. Older people, especially those over 80, are likely to face more barriers to maintaining their independence. Reduced mobility and other factors due to aging complicate the daily lives of older people, and the risks of not being able to obtain immediate medical help in an emergency are serious.
Among all end users, the home care agency segment accounted for a large share of approximately 31% in 2021 in the United States. Home care agencies are licensed businesses that employ caregivers to provide home care to the person in need of care. Home care agencies can extend an older person’s ability to live independently and make aging-in-place a possible alternative at every stage of the aging process. Home care agencies use PERS to better support their patients. PERS and GPS systems are widely used to prevent the serious long-term effects of falls or medical emergencies. Fall injuries are common among the elderly and patients with chronic illnesses. However, the direct-to-consumer segment is expected to grow at a faster CAGR of around 10% during the forecast period. According to the United Nations Department of Economic and Social Affairs, the elderly population is expected to reach 80 million by 2040, which expands the availability of target customers for PERS. For this reason, the United States is encouraging the development of dedicated home health care services to enable the elderly to continue living in their homes, thus increasing the demand for medical alert systems in the country.
Segmentation by type:
• Mobile systems
• Home systems
Segmentation by end user
• Home care agencies
• Living centers for the elderly
• Direct to consumer
• Connect America
• Medical tutor
Other Important Suppliers
• Alert 1
• Aloe health care
• Cisco Systems
• Hands-free health
• LifeFone Medical Alert Services
• Alert MedGuard Inc.
• Mobile help
• Norton Control
• A call alert
ANSWERS TO KEY QUESTIONS
1. HOW BIG IS THE PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET IN THE UNITED STATES?
2. WHAT IS THE GROWTH RATE OF THE PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET IN THE UNITED STATES?
3. WHO ARE THE LEADING VENDORS IN THE PERSONAL EMERGENCY RESPONSE SYSTEMS (PERS) MARKET IN UNITED STATES?
4. WHAT ARE THE GROWTH FACTORS FOR PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET IN UNITED STATES?
5. WHICH END-USER SEGMENTS HAVE THE LARGEST SHARE IN THE PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET IN THE UNITED STATES?
Read the full report: https://www.reportlinker.com/p06288143/?utm_source=GNW
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