Personal Emergency Response System Market to Reach $1.1B by 2024, Says Parks

Five million U.S. consumers will own a personal emergency response system by 2024, for $1.1 billion in sales, said Parks Associates Tuesday. Future PERS growth will come from alternative devices and home sensor-based systems, said Lindsay Gafford. Alternative devices with emergency response capabilities -- such as mobile phones, smartwatches, smart speakers and residential security systems -- compete with legacy PERS devices in the senior assistive technology market, said the analyst, leading industry players to find ways to integrate more robust emergency response technology into legacy devices. Others are developing new PERS-specific solutions. Eighteen percent of U.S. broadband households -- nearly 19 million people -- are age 65-plus, and that is expected to nearly double by 2050. Four percent of U.S. broadband households report owning a PERS device.