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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses the fall detection system market will exhibit a CAGR of 5.0% for the forecast period of 2021-2028 and is likely to reach the USD 555.13 million by 2028.
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.
The rise in geriatric population, upsurge in the adoption rate of wearable technology and smartphones by consumers and better ability to assist in case of fall resulting in decreased medical expenses are the major factor driving market growth. Furthermore, rise in the preferences of consumers towards healthcare system and growing demand for multimodal technology will enhance the growth rate of fall detection system market.
Moreover, upsurge in the number of artificial intelligence companies and approach of machine leaning to detect fall will create beneficial opportunities for the growth of the market.
However, the market's growth is hampered by its poor practicality and acceptability among the elderly and the usage of data from duplicated conditions for building the fall detection system algorithm. The biggest challenges in the fall detection system market are privacy concerns regarding the usage of fall detection systems and the sensitivity and specificity of the fall detection system.
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 localised 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, geographical 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.
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 the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis product type, the fall detection system market is segmented into automatic fall detection system and manual fall detection system.
- On the basis of algorithm, the fall detection system market is segmented into simple threshold and machine learning.
- On the basis of component, the fall detection system market is segmented into accelerometers and gyroscopes, unimodal/bimodal sensors and multimodal sensors.
- On the basis of system, the fall detection system market is segmented into wearable systems, non-wearable systems, in-home landline system, and in-home cellular systems. Wearable systems are further segmented into watches, clip-on and necklace. Non-wearable systems are a segmented into camera, wall sensors and floor sensors.
- Based on end-user, the fall detection system market is segmented into home care settings, hospitals and senior assisted living facilities, lone workers and others.
Fall Detection System Market Country Level Analysis
The fall detection system market is segmented on the basis of product type, algorithm, component, system and end-user.
The countries covered in the fall detection system market report are 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.
North America dominates the fall detection system market and will continue to flourish its trend of dominance due to the growing prevalence of chronic disorders, well-established healthcare infrastructure and rise in the adoption rate of machine learning method in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the technological advancement, rise in geriatric population and increase in the penetration of personal emergency response systems in this region.
The country section of the fall detection system market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Global Fall Detection System 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, Best Buy, Koninklijike Phlips N.V, ADT, Medical Guardian LLC., Connect America, SafeGuardian Medical Alarms & Help Alert Systems, Bay Alarm Medical, LifeFone Medical Alert Services, LifeStation, Inc., ST Engineering, AlertONE Service Inc., Walgreen Company, Semtech Corporation, Legrand, VRI, Mytrex, Inc., Rescue Alert, Galaxy Medical Alert Systems, Care Innovations, LLC, MobileHelp, among others.
Customization Available : Global Fall Detection System Market
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