Impact of Covid-19 Analysis On Fall Detection Systems Market Strategies to Expand 2021
The global fall detection systems market is estimated to account for US$ 402.8 Mn in terms of value in 2019 and is expected to account for US$ 604.3 Mn by the end of 2027.
Increasing geriatric population is expected to boost growth of the global fall detection systems market over the forecast period. For instance, according to the World Health Organization (WHO), the worldwide geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.
Apply Promo Code “STAYHOME” and Get Up to 30% Discount
Buy This Complete A Business Report:
Moreover, increasing prevalence of various chronic diseases such as Alzheimer’s disease, dementia, cardiovascular diseases, chronic obstructive pulmonary disease, (COPD) and diabetes is also expected to propel growth of the market. For instance, according to WHO, the number of people suffering from dementia is expected to reach 65.7 million by 2030.
North America region held dominant position in the global fall detection systems market in 2018, accounting for 45.8% share in terms of value, followed by Europe.
High cost of fall detection systems is expected to hinder growth of the global fall detection systems market. High subscription costs may inhibits adoption of these devices in emerging economies.
Moreover, fall detectors offered by various market players are not entirely accurate. Automatic fall detection systems do not detect sliding falls. These drawbacks are also expected to hinder growth of the market.
Global Fall Detection Systems Market: Opportunities
Tele-health solutions can help enhance health outcomes and reduce healthcare costs. Advancements in mobile technologies and increasing adoption of home care services is expected offer lucrative growth opportunities for market players.
Moreover, increasing R&D in fall detection algorithm is also expected to aid in growth of the market. For instance, in March 2019, researchers from Bern University of Applied Sciences reported the technical validation of the AIDE-MOI fall detection algorithm in the journal MDPI Sensors.
By product segment in global fall detection systems market was valued at US$ 382.9 Mn in 2018 and is expected to reach US$ 604.3 Mn by 2027 at a CAGR of 5.2% during the forecast period.
Market Trends/Key Takeaways
Key players in the market are offering smartwatches with fall detection. For instance, Apple Watch 5 has inbuilt watch detection. The watch automatically calls 911 (in the U.S.) if it cannot detect movement or input after a minute.
Key players in the market are also focused on developing fall detection technology that is based on Wi-Fi. For instance, in December 2019, Origin Wireless announced the launch of Origin Health, a new wirelessAI WiFi sensing software platform that enables remote monitoring and fall detection.
Global Fall Detection Systems Market: Competitive Landscape
Major players operating in the global fall detection systems market include, Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple, Inc., ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, MariCare Oy, and Origin Wireless.
Get PDF Brochure Of This Research Report @
Global Fall Detection Systems Market: Key Developments
Key players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, ADT Security Services acquired Marietta, a commercial security integration company. The acquisition is expected to strengthen range of services the commercial division of ADT Security Services can offer customers in Atlanta.
Key players in the market are also focused on adopting collaboration strategies to expand their product portfolio. Philips collaborated with Humana Inc. to help improve care and health outcomes for select high-risk Medicare Advantage members. Humana Inc. implemented two programs that use medical alert services and remote member monitoring (RMM) solutions of Philips to actively monitor at-risk Medicare Advantage members.
Coherent Market Insights 1001 4th Ave,
#3200 Seattle, WA 98154,U.S.
Phone: US +1-206-701-6702/UK +44-020 8133 4027
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Impact of Covid-19 Analysis On Fall Detection Systems Market Strategies to Expand 2021 here
News-ID: 2246119 • Views: 124
More Releases from business news
Impact Covid-19 Analysis On Cleanroom Consumables Market is Booming Growth
Consumables for the cleanroom are very important, which are used for the maintenance of healthy and controlled environment and also enhances the safety and efficiency of in workflow of healthcare professionals and workers. Moreover, contamination of products can be avoided using consumables by the operator and staff working by covering hair, hand, and shoes. Cleanroom consumables such as cleanroom apparels, gloves are majorly used in the manufacturing companies such as
Impact Covid-19 Analysis On Swab Market in-Depth Analysis 2021
CMI announced that it’s published an exclusive report namely Global Swab Market by Manufacturers, Regions, Type, and Application, Forecast to 2027 in its research database with report summary, table of content, research methodologies, and data sources. The research study offers a substantial knowledge platform for entrants and investors as well as veteran companies, manufacturers functioning in the Worldwide Swab Market. This is an informative study covering the market with an
Impact Covid-19 Analysis On Sterile Injectables Market by Manufacturers to Expan …
Increasing product launches and product approvals by key players are the major factors that are expected to drive the global sterile injectables market growth over the forecast period. For instance, in September 2018, Dr Reddy’s Laboratories Ltd launched Neostigmine Methylsulfate Injection in the U.S., a generic version of the Bloxiverz (Neostigmine Methylsulfate) injection. Moreover, in July 2016, Claris Lifescience Ltd., a sterile injectables company received the Abbreviated New Drug Application
Impact of COVID-19 Anaylsis On I.V. Dressing Market Size, Hampering Growth 2021
I.V. is used for delivery of medication and fluid, blood transfusions, and others in patients. It is used in patients for fluid replacement, to maintain electrolyte balance, or in patients with physical debility, and unconscious patients. I.V. dressing offers quick fixation dressing to secure I.V. Cannula, intramuscular catheters, and other percutaneous devices to the skin. I.V. dressing are transparent or translucent dressing made of adhesive material, and polyurethane collated films,
More Releases for Fall
Edgar Allan Fall Press 2016
Street art meets weather forecasting. Doctors that arrive at your door like superheroes with black bags. A mattress in a box with a southern accent. That’s just a bit of what Atlanta branding, digital design and brand journalism firm Edgar Allan has been working on bringing into the world lately. Well that, and a brand new office space on the legendary Goat Farm Arts Center’s sprawling, chicken-dotted campus. It’s been three
Olympic Lawn’s Fall Planting Recommendations
Kansas City’s first frost may be just around the corner, but fall season is still in full swing. Fall is one of the prettiest seasons in the Midwest, with the rich hues of reds, yellows and oranges appearing through leaves and fall foliage. To beautify your home this season, consider planting long-lasting fall plants. “Fall is one of the best times to plant perennials and to add long-lasting, colorful annuals to
Fall Evening of Beauty Exciting Event
Atlantic Plastic Surgery Center’s Fall Open house was held Friday night, November 12th from 5 pm to 8pm. Portsmouth, NH - Atlantic Plastic Surgery Center’s Fall Open house was held Friday night, November 12th from 5 pm to 8pm. Guests learned about the “newest and best” while watching numerous demonstrations, attending private consultations, listening to talks on popular topics and discovering solutions to their own skin care needs in
London House Prices Fall
Property agents in London have reported a record gap between asking prices and actual sales prices. According to analysis by agents Douglas & Gordon, which compared the asking prices on the Rightmove website with those logged on the Land Registry, there is now an average £79,000 gap between the two figures. This compares with a gap of £6,574 in 2003. Buyers now routinely offer £50,000 or more beneath
The Mahler Chamber Orchestra's Fall Tour
The Mahler Chamber Orchestra (MCO) takes two very different programmes to this year’s autumn festival at the Festspielhaus Baden-Baden. Principal Conductor Daniel Harding will lead a concert version of Verdi’s Otello starring Anja Harteros, Ben Heppner and Franco Vassallo. This programme will then go on tour to Luxembourg (3 October), Dortmund (6 October) and Paris (9 October). Another high point is a concert with Kent Nagano on 2 October in Baden-Baden,
Schmidt + Clemens defies sharp fall in sales
Special steel maker presents positive balance sheet for 2009 Lindlar, 06.05.2010. The Lindlar-based producer of special steels Schmidt + Clemens (S+C) is today presenting its balance sheet for the last financial year. Despite a drop in sales, S+C nevertheless achieved a highly satisfactory level of profit. Sales of the group of companies fell in the 2009 financial year from €369 million to €228 million. At its operating site in Germany, S+C