One of the major factors driving the market for global fall detection system market is ability to assist in case of fall, growth in enhanced medical alert services. This factor led to the increase in the demand for fall detection system products. Increased demand of wearable technology based fall detection system and growth in demand of smart phones are the other factor driving the growth of the global fall detection system market.
Global Fall Detection System Market is expected to reach USD 479.55 Million by 2025 from USD 341.17 Million in 2017, growing at a CAGR of 4.5% in the forecast period 2018 to 2025.
The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The global fall detection system market is segmented based on
By Product Type
• Automatic Fall Detection System
• Manual Fall Detection System
By Algorithm
• Simple Threshold
• Machine Learning
By Component
• Accelerometers & Gyroscopes
• Unimodal/Bimodal Sensors
• Multimodal Sensors
By System
Wearable Systems
• Watches
• Clip-On
• Necklace
Non-Wearable Systems
• Camera
• Wall Sensors
• Floor Sensors
• In-Home Landline System
• In-Home Cellular Systems
End-User
• Home Care Settings
• Hospitals and Senior Assisted Living Facilities
• Lone Workers
• Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa)– Industry Trends and Forecast to 2025
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ABILITY TO ASSIST IN FALL -Falling can be the major, frequent, and dangerous event for the elderly population. For instance, according to World Health Organization (WHO), in 2013, it has been estimated that approximately, 32.0-42.0% of people aged between 65 and above fall each year. Placing seniors in nursing homes or other care centers has reduced the dangers of the elderly falling. With the advancement in the technologies, fall detection has been appeared as popular assistive device whose main objective is to alert when a fall event has occurred. Fall detectors can significantly reduce the fear of falling and the rapid provision of assistance after a fall.
Major Players: Global Fall Detection System Market
Some of the major players operating in this market are VitalConnect, Blue Willow Systems, LifeCall, Williamson Corporation, Life Assure, Koninklijke Philips N.V., Singapore Technologies Engineering Ltd, Semtech Corporation, Intel Corporation, Connect America, Tunstall, Medical Guardian LLP, Bay Alarm Medical, MobileHelp, Mytrex, Inc., AlertOne Services, LLC, LifeFone and MariCare among others.
GROWTH IN ENHANCED MEDICAL ALERT SERVICES
Age comes with the added risks; elderly people face the threat of accidents that can take away the freedom of living independently, without any assistance such as care-taker. Timing responses to fall reduces the possibility of serious injuries. It sends an instant alert to their care takers
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