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    1. Alarms & Monitoring

    Report: Market for PERS and related alarms to see sustained growth through 2021

    Aug. 10, 2017
    Increase in the number of elderly individuals, rising interest in 'age in place' solutions to drive demand

    Source SecurityInfoWatch.com

    (Graphic courtesy The Freedonia Group)
    The graphic shows the projected growth in demand in the U.S. for alarm systems broken down by product category, key vertical markets and leading industry manufacturers.
    The graphic shows the projected growth in demand in the U.S. for alarm systems broken down by product category, key vertical markets and leading industry manufacturers.

    According to a new report from market research firm The Freedonia Group, sales of personal emergency response systems (PERS) and related alarms is expected to expand by 7.3 percent annually through 2021 to $220 million.

    The research firm said that the market’s growth will be driven by an above average increase in the number of people over the age of 65 combined with rising interest among elderly individuals to age in place within their own homes.

    Some of the additional features and capabilities that are contributing to the increasing popularity of these systems include:

    • Medication reminders, dispensing and compliance monitoring;
    • Fall detection;
    • Vital signs sensors;
    • And, voice panic detection.

    In addition, the research firm said that the market for all types of security alarm systems in the U.S. is projected to increasing by 5.1 percent annually, reaching $4.9 billion in 2021. These gains will be primarily driven by ongoing growth in construction activity.

    For more information about the "Security Alarm Market in the U.S." report, click here.