Anti-Drowning System Market Analysis forecast to 2029 Focusing on Top Key Players – Variopool, Swim Eye, Poolview Limited etc.

Anti-Drowning System Market:

The global anti-drowning system market was valued at USD 62.22 Million in 2019 and is expected to grow at a CAGR of 4.3% during the forecast period, 2020–2023. South America is estimated to rise as one of the radpidly-growing regions with a CAGR of 4.7% during the forecast period, 2020–2023. Drowning rates in the low-income countries of South America are estimated to be over 3–4 times higher than those in high-income countries.

The increasing number of swimming pools, specifically in developing economies, drives the need for effective safety solutions and systems. The rising popularity of condominiums and large residential complexes that primarily comprise individual apartments with well-equipped large pools in the Southeast Asian countries is creating a lucrative opportunity for the growth of the anti-drowning system market. For instance, in Singapore, the number of condominiums surpassed a count of 340,000 in 2018.

The tourism sector also contributes to the growth of leisure infrastructures, such as pools and spas, creating a fertile base for the anti-drowning system market. Resorts and hotels attract numerous tourists, and the growing popularity of Southeast Asian countries as tourism destinations favorably influences the market. For instance, Indonesia welcomed 13.5 million tourists in 2016. Governments in these economies are encouraging expansion projects focusing on the development of hotels and pools. Bali had more than 2,500 hotels with pools in 2016. The scenario has brought to light the importance of effective safety systems, propelling the growth of the anti-drowning system market. The rising incidents of child and adult drowning have raised awareness about the importance of wearing life jackets, refraining from alcohol while operating watercraft, and enrolling in boating safety courses. Companies and government officials are taking extra precautions in the approval and deployment of designated guarding personnel and life-saving devices in and around swimming pools, spas, and public parks.

Technological developments are creating demand for wireless nodes that collect environmental and user data and transmit a warning message to the monitor terminal. Swimming environment and hand gestures allow lifeguards to identify a drowning person and initiate rescue options. Modern swimming bracelets can collect real-time data in an interval of one second and continuously refresh underwater conditions calculated by current hydraulic gage, heart rate, and signal intensity. The alert program is started immediately if underwater penetration exceeds the reservation threshold of 1 meter for more than 30 seconds.

Swimming goggles are incorporated with two drowning detection sensors on each side. A resistive based circuit attached to the microcontroller detects if both sides of the nose and mouth are closed, and the drowning detection unit generates an alarm. The signal is transmitted using underwater communication technology such as acoustic waves and infrared waves to inform lifeguards and concerned authorities.

The commercial segment by application accounted for the largest share of around 75–77% in 2019. The increasing number of public parks and pools, spas and resorts, schools, the popularity of water sports, adventure activities, and swimming clubs, and growth of shipping and ferry operations, coupled with the adoption of safety measures by authorities, life-saving organizations, and community members for the prevention of life-threatening accidents in water, drive the segment’s growth. Agencies such as the Brazilian Life-Saving Society are engaged in the implementation of water rescue background systems, location identification using GPS, anti-drowning systems with remote alert, and automatic airbag systems in the country’s ocean, beaches, lakes, ponds, rivers, irrigation canals, animal feeders, swimming pools, spas, and bath-tubs.

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The Major Prominent Players Covered in this Report:
Variopool, Swim Eye, Poolview Limited, Coral Detection System, Sentag, SEAL SwimSafe, Poseidon Technologies, and AngelEyeAmong these, Poseidon Technologies dominates the global marketKey players focus on improving their anti-drowning systems with an emphasis on technological advancementsThey are also pursuing expansion through strategic acquisitions and mergersFor instance, Maytronics Ltd has embarked on various acquisitions/mergers for widening its presence and enhancing its revenue. & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

By Type, Mounted, Wearable,
By Application, Residential, Commercial

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2020 to 2023, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Key Anti-Drowning System Market Trends:
- The report identifies, determines, and forecasts the Global Anti-Drowning System Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Anti-Drowning System Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Anti-Drowning System Market.

Key Questions Answered in The Report:
What will the Anti-Drowning System market growth rate?
What are the key factors driving the global Anti-Drowning System market?
Who are the key manufacturers in the Anti-Drowning System market space?
What are the market opportunities, market risk, and market overview of the Anti-Drowning System market?
What are sales, revenue, and price analysis of top manufacturers of the Anti-Drowning System market?
Who are the distributors, traders, and dealers of the Anti-Drowning System market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Anti-Drowning System Industry?
What are sales, revenue, and price analysis by regions of the Anti-Drowning System industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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