Fall detection systems have emerged as crucial assistive devices placed on a person's waist, enabling them to detect and signal when a fall occurs. Via analyzing acceleration, these systems swiftly identify falls and send location-based alerts to caregivers. This technology proves essential for the ageing population, ensuring timely aid to mitigate the negative consequences of falls, such as muscle necrosis, pressure ulcers, and hyperthermia. The market for fall detection systems is witnessing significant growth, driven by the rising need for enhanced safety and well-being among seniors.
According to Data Bridge Market Research, the Fall Detection System Market accounted for 128.53 million in 2022 and is expected to reach the value of USD 203.32 million by 2030, at a CAGR of 5.90% during the forecast period
“Growing prevalence of several chronic diseases”
The fall detection systems market is expected to experience growth driven by the increasing prevalence of chronic diseases like cardiovascular diseases, COPD, Alzheimer's disease, dementia, and diabetes. According to the World Health Organization (WHO), the global number of people with dementia is projected to reach approximately 65.7 million by 2030. These conditions are often associated with an elevated risk of falls, creating a demand for fall detection systems to mitigate the risk and ensure timely assistance.
What restraints the growth of the fall detection system market?
“High cost of fall detection system”
The high cost of fall detection systems limits their affordability and accessibility, reducing the potential customer base. Lack of healthcare coverage, competition, and consumer preferences for cost-effective alternatives also contribute to market restraint. This hinders market expansion and restricts adoption, particularly among individuals with limited financial resources, which can create restrain for the market growth of the Europe fall detection market
Segmentation: Fall Detection System Market
The fall detection system market is segmented on the basis of sensing modalities, technology, product type, algorithm, component, system, and end-user.
- On the basis of sensing modalities, the fall detection system market is segmented into wearable, non-wearable
- On the basis of technology, the fall detection system market is segmented into GPS system, mobile phones and sensors
- On the basis of product type, the fall detection system market is segmented into automatic fall detection system, manual fall detection system
- On the basis of algorithm, the fall detection system market is segmented into simple threshold, machine learning
- On the basis of component, the fall detection system market is segmented into accelerometers and gyroscopes, unimodal/bimodal sensors, multimodal sensors
- On the basis of system, the fall detection system market is segmented into wearable systems, non-wearable systems, in-home landline system, in-home cellular systems
- On the basis of end-user, the fall detection system market is segmented into home care settings, hospitals and senior assisted living facilities, lone workers, others
Regional Insights: Germany dominates the Europe Fall Detection System Market
Germany holds a dominant position in the Europe fall detection system market. This can be attributed to factors such as advanced healthcare infrastructure, the increasing elderly population, and government initiatives to promote the adoption of fall detection systems. German companies have been at the forefront of developing innovative solutions in this market.
To know more about the study https://www.databridgemarketresearch.com/ru/reports/europe-fall-detection-system-market
Recent Developments in Fall Detection System Market
- In September 2020, Starkey Company introduced an update to the Livio Edge AI device, featuring speech enhancement capabilities and a rechargeable BTE (Behind-The-Ear) design. The device allows users to connect with a hearing provider through voice connectivity, enhancing the company's service offerings.
The Prominent Key Players Operating in the Fall Detection System Market Include:
- Tunstall Group (U.K.)
- Koninklijike Phlips N.V. (Netherlands)
- ADT (U.S.)
- Medical Guardian LLC. (U.S.)
- Connect America (U.S.)
- SafeGuardian Medical Alarms & Help Alert Systems (U.S.)
- Bay Alarm Medical (U.S.)
- LifeFone Medical Alert Services (U.S.)
- LifeStation, Inc. (U.S.)
- ST Engineering (Singapore)
- AlertONE Service Inc. (U.S.)
- Walgreen Company (U.S.)
- Semtech Corporation (U.S.)
- Legrand (France)
- Mytrex, Inc. (U.S.)
- Rescue Alert (U.S.)
- Galaxy Medical Alert Systems (Canada)
- Care Innovations, LLC (Canada)
- MobileHelp (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of fall detection system market companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: Global Fall Detection System Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
