Fall Detection System Market Research By Industry Trends, Share & Leading Key Players by 2030

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The expansion in old populace particularly in the developed nations and the number old individuals.

The expansion in old populace particularly in the developed nations and the number old individuals living alone can bring about increased healthcare costs which can cause a burden on the society. With fall being one of the greatest risks among the old populace resulting in serious injuries, the fall detection market is getting traction. The headways in innovation, throughout the years, brought bought in a development of the various fall detection systems. The fall events have become a common health problem among elderly people. The accidental falls are a serious issue. 

FALL DETECTION SYSTEM MARKET OUTLOOK

The fall detection system market is likely to observe the surge in demand owing to the increase in geriatric populace, increase in chronic disorders such as diabetes across the globe. Fall related injuries are very common in ageing populace, considering that approximately one-third of adults over 65 falls each year. The risk of diabetes, low blood glucose or another condition increases risk of falling. Since getting quick help in these situations could be life-saving, the demand of these systems is on rise. Moreover, increasing demand for smartphone and increasing trend of wearable technology is likely to boost the growth of the market.

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FALL DETECTION SYSTEM MARKET SEGMENTAL HIGHLIGHTS

The report analyses the global fall detection system market based product type, sensing modalities, technology, and geography. 

FALL DETECTION SYSTEM MARKET BY PRODUCT TYPE 

Fall detection systems are available in automatic fall detection systems and manual fall detection system. The concept of automatic fall detection technique is monitoring the daily activities of a person when they encounter a fall and then send an alert to the particular person’s caretaker. These systems feature detection sensors (multiple accelerometers and processors) that can detect between normal activity, and an actual fall. As the technology continues to evolve, the automatic fall detection system is observing positive prospects. For instance, Apple has created a fall detection watch that has fall detection technology built into it.

FALL DETECTION SYSTEM MARKET BY SENSING MODALITIES

The fall detection system by sensing modalities is categorised into Wearable and Non-Wearable modality. Wearable sensors-based method is more preferable than acoustic-based method. In some detection systems, either an accelerometer or a gyroscope is used, and some used both the sensors to detect falls during daily activities. The microcontroller or personal computer processed the data from the sensors. These wearable sensors are able to operate independently. Therefore, the activities of elderly people are monitored constantly

FALL DETECTION SYSTEM MARKET BY TYPE OF TECHNOLOGY 

The fall detection system use carious technologies such as GPS systems, mobile phones and sensors. The smartphone technology is widespread in the commercial world. Upsurge in demand for smartphones and wearable technologies and better ability to assist in case of fall leading to reduced medical expenses drive the market growth. 

FALL DETECTION SYSTEM MARKET BY GEOGRAPHY 

The fall detection system market is studied for the key regions including North America, Europe, Asia Pacific and Rest of the World. The North America region dominated the global fall detection system market. The large share of North America can be attributed to the high adoption of speciality fall detection system, increasing adoption of the IoT and rising inclination of people towards self-care devices is expected to increase growth of the North America fall detection system market.

 FALL DETECTION SYSTEM MARKET KEY PLAYERS 

Key players in the global fall detection system market are Koninklijke Philips N.V. (Netherlands), Connect America (US), The ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Medical Guardian LLC (US), Bay Alarm Medical (US), Singapore Technologies Electronics Limited (Singapore), MobileHelp (US), MariGroup Oy (Finland), Mytrex, Inc. dba Rescue Alert (US), Semtech Corporation (Netherlands), AlertOne Services, LLC (US) and LifeFone (US) among others. 

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