Global Fall Detection System Market, By 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) - Industry Trends and Forecast to 2029
Market Analysis and Size
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.
Market 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.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
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) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
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Market Players Covered |
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), and MobileHelp (US), among others |
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Market Opportunities |
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Fall Detection System Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
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.
This fall detection system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fall detection system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fall Detection System Market
COVID-19 had a negative impact on the fall detection system market owing to the supply chain disruptions and COVID-19 restrictions imposed by government. The manufacturing sector was hardly hit by the pandemic that declined the growth of the market. The implementation of global lockdown impacted the production schedules of the manufacturing industries. The sales dropped down amid the lockdown that resulted in drop in sales ratio and limited deliveries. However, market will resume its growth in the post-pandemic due to the easing in restrictions that were imposed earlier.
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.
Global Fall Detection System Market Scope and Market Size
The fall detection system market is segmented on the basis of product type, algorithm, component, system and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wearable Medical Devices Market Share Analysis
The fall detection system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fall detection system market.
Some of the major players operating in the 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)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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