North America Fall Detection System Market – Industry Trends and Forecast to 2029

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North America Fall Detection System Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Dec 2021
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Fall Detection System Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2023 –2029
Diagram Market Size (Base Year)
USD MILLION
Diagram Market Size (Forecast Year)
USD MILLION
Diagram CAGR
%
Diagram Major Markets Players
  • LifeFone
  • Koninklijke Philips N.V.
  • Intel Corporation
  • VitalConnect
  • and others

North America Fall Detection System Market, By Product Type (Automatic Fall Detection System and Manual Fall Detection System), Algorithm (Simple Threshold and Machine Learning), Component (Accelerometers and Gyroscopes, Unimodal/Bimodal Sensors and Multimodal Sensors), System (Wearable Systems, Non-Wearable Systems, In-Home Landline System and In-Home Cellular Systems), End-User (Home Care Settings, Hospitals and Senior Assisted Living Facilities, Lone Workers and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2029.

North America Fall Detection System Market Market Analysis and Insights of Fall Detection System Market

The fall detection system market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the industrial machine vision market to exhibit a CAGR of 4.90% for the forecast period of 2022-2029. Growing need for specific machine  systems especially in the developing economies, rise in the advancements in production technology, surging adoption of wearable technology by consumers and growing focus on the technological solutions  and advancements are the major factors attributable to the growth of fall detection system market.

From the name itself, it is clear that fall detection systems are the systems that alert or automate the energy services in case of defaults or accidental failures. Fall detection systems are assistive devices placed on the waist of the person who alerts when a fall occurs.

Increased number of artificial intelligence companies, growing proliferation of smartphones   in the developing economies and increasing personal disposable income will emerge as the major factors driving the market growth. Rising demand for quality inspection of the equipment and inclination of consumers towards healthcare systems will further aggravate the market growth rate. Rising research and development proficiencies and rising adoption of gyroscopes and accelerometers are other important market growth determinants.

However, dearth of trained expertise or skilled employees will act as major market growth restraints. Low acceptability and practicality among elders, issues such as shortage of adequate infrastructure in the underdeveloped economies, high initial cost with significant maintenance expenditure and lack of user awareness will dampen the growth rate that further result as a challenge for the market.

This fall detection system market report provides details of new recent developments, trade regulations, import export analysis, production However 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, 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.

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 & 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 analyzed and market size, volume information is 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 and Mexico.

U.S. in North America region dominates the fall detection system market owing to the rising adoption rate of the machine learning method and reimbursement of healthcare-related costs.

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 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 report are LifeFone, Koninklijke Philips N.V., Intel Corporation, VitalConnect, Blue Willow Systems, LifeCall, Williamson Corporation, Life Assure, Singapore Technologies Engineering Ltd, Semtech Corporation, Connect America, Tunstall, Bay Alarm Medical, MobileHelp, Mytrex, Inc., AlertOne Services, LLC and MariCare among others.


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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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