Fall Detection System Market to Grow at a CAGR of 15.53% during the Forecast Period 2022-2029

Data Bridge Market Research has unveiled a new report called "Fall Detection System Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. Fall Detection System market report, a section for the competitive landscape of the key players operating in the global market has also been covered. Moreover, the industry report lists and studies the leading competitors, also provides the insights with strategic industry analysis of the key factors influencing the market dynamics. This report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The key findings and recommendations of the reliable Fall Detection System market report emphasizes crucial progressive industry trends in the global market, thereby allowing market players across the value chain to develop effective long-term strategies.

Falling is considered one of the most damaging event that elderly people may experience, and the rise in aging population is increasing the need for the development of fall detection systems. Around 646K fatal falls occur each year, according to the World Health Organization (WHO). The majority of this figure were recorded to be adults older than 65 years in 2018.

Global Fall Detection System Market was valued at USD 381.61 million in 2021 and is expected to reach USD 617.87 by 2029, registering a CAGR of 15.53% during the forecast period of 2022-2029. Wearable Systems account for the largest system segment in the respective market owing to the high in homes as well as outside among population. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Fall Detection System market report focuses on market taxonomy, regional analysis, opportunity assessment, and vendor analysis to help with comprehensive evaluation of the global market. For making the research report exhaustive, Porter's five forces analysis and SWOT analysis have been used effectively. This report underlines the vital modification of the market dynamics and comprehensive analysis of the parent market. The high quality Fall Detection System report also covers geographical markets and key players that have adopted significant strategies for business developments. Significantly, the report digs deep into decisive aspects of the competitive landscape and future changes in market competition.

Product definition

In the event of an accident, fall detection systems notify emergency services. It is mostly intended for the elderly. The cell phone and the wearable device are the two main components of this system. When a wearable gadget detects a fall, it sends an alert to the cell phone, which subsequently sends alerts to the user's emergency contacts.

Recent Developments

Origin Wireless announced the news regarding the launch of Origin Health in December'2019. This platform is a new wirelessAI WiFi sensing software platform that assists in fall detection and remote monitoring.

Some of the major players operating Fall Detection System market are

Tunstall Group (UK)
Koninklijike Phlips N.V. (Netherlands)
ADT (US)
Medical Guardian LLC. (US)
Connect America (US)
SafeGuardian Medical Alarms & Help Alert Systems (US)
Bay Alarm Medical (US)
LifeFone Medical Alert Services (US)
LifeStation, Inc. (US)
ST Engineering (Singapore)
AlertONE Service Inc. (US)
Walgreen Company (US)
Semtech Corporation (US)
Legrand (France)
Mytrex, Inc. (US)
Rescue Alert (US)
Galaxy Medical Alert Systems (Canada)
Care Innovations, LLC (Canada)
MobileHelp (US)

Key Market Segments Covered in Fall Detection System Market Industry Research

Product Type

Automatic Fall Detection System
Manual Fall Detection System

Algorithm

Simple Threshold
Machine Learning

Component

Accelerometers and Gyroscopes
Unimodal/Bimodal Sensors
Multimodal Sensors

System

Wearable Systems
Non-Wearable Systems
In-Home Landline System
In-Home Cellular Systems

End-User

Home Care Settings
Hospitals and Senior Assisted Living Facilities
Lone Workers
Others

Fall Detection System Market Regional Analysis/Insights

The fall detection system market is analyzed and market size insights and trends are provided by country, product type, algorithm, component, system and end-user as referenced above.

The countries covered in the fall detection system market report are U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America dominates the fall detection system market because of the increase in the internet users and several companies associated with technological innovations within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing purchasing power in the region.

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Drivers

Increase in Geriatric Population

The increase in the rate of geriatric population across the globe acts as one of the major factors driving the fall detection system market. Falls are known to be one of the major public health problem for the elderly. The injuries that are caused by falls in elderly people have several consequences to their families, along with healthcare systems.

Prevalence of Various Chronic Diseases

The rise in the prevalence of various chronic diseases such as dementia, chronic obstructive pulmonary disease, (COPD), diabetes and Alzheimer's disease, among others accelerate the market growth. For instance, the number of people suffering from dementia is projected to be 65.7 million by 2030, according to WHO.

Rise in Demand for Wearable Technology

The rise in demand for smartphone and wearable technology based fall detection system for better accessibility to assistance in case of fall further influence the market. Also, increase in demand for multimodal technology along with growing need to decline medical expenses assist in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the fall detection system market.

Opportunities

Furthermore, key players offering smartwatches with fall detection extend profitable opportunities to the market players in the forecast period of 2022 to 2029. For instance, Apple Watch 5 comes with an inbuilt watch detection that automatically calls 911 (in the U.S.) when it does not detect movement. Also, development of fall detection technology that is based on Wi-Fi and machine learning approach for detecting fall will further expand the market.

Restraints/Challenges

On the other hand, use of data from simulated conditions for designing the fall detection system algorithm, and privacy concerns regarding the use of fall detection systems are expected to obstruct market growth. Also, low practicality and acceptability of the technology among elders and sensitivity and specificity of fall detection system are projected to challenge the fall detection system market in the forecast period of 2022-2029.

How does this Fall Detection System Market Insights Help?

Global Fall Detection System Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
The Key parameters which are driving this market and restraining its growth
What all challenges manufacturers will face as well as new opportunities and threats faced by them
To learn about the market strategies that are being adopted by your competitors and leading organizations
To Increase insightful analyses of the market and have a comprehensive understanding of the "Fall Detection System  Market" and its commercial landscape

TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix

For Detailed TOC | Follow @ https://www.databridgemarketresearch.com/toc/?dbmr=global-fall-detection-system-market

Queries Resolved In This Report:

Which will be the specialties at which Fall Detection System Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
Which will be the foreseen development rates for your own Fall Detection System economy out and out and furthermore for each portion inside?
Which will be the Fall Detection System application and sorts and estimate joined intently by makers?
Which will be the dangers which will attack growth?
The length of the Fall Detection System market opportunity?
How Fall Detection System Market share advance vacillations their value from various assembling brands?

WHO SHOULD BUY THE Fall Detection System REPORT?

People looking to enrich the decision-making capability by following points must buy the report:

Breakdown of market share of the top Fall Detection System industry players
Evaluations of market share for the regional and country level sectors
Estimation of Fall Detection System market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
Tactical recommendation for the newbies
Tactical recommendation in primary business industries based on the Fall Detection System market forecast

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