SEATTLE, July 30, 2021, (MEDGADGET) — Global Fall Detection Systems Market Analysis
Overview
In the case of a crash, a fall detection machine is a mechanism that alerts emergency responders. These instruments have the ability to reduce any of the negative effects of a crash.
The global fall detection systems market is projected to reach US$ 604.3 million by the end of 2027, from a valuation of US$ 402.8 million in 2019.
Get Sample PDF Brochure with Impact of COVID19: https://www.coherentmarketinsights.com/insight/request-pdf/3213
Drivers
Over the projected period, the global fall detection systems market is expected to rise due to an increase in the geriatric population. The World Health Organization (WHO) estimates that the global geriatric population will exceed 2 billion by 2050, up from 900 million in 2015.
Furthermore, the rising prevalence of chronic diseases such as Alzheimer’s, dementia, cardiovascular diseases, chronic obstructive pulmonary disease (COPD), and diabetes is expected to drive the growth of the global fall detection systems market. As per the World Health Organization, the number of people living with dementia is projected to exceed 65.7 million by 2030.
In terms of value, North America dominated the global fall detection systems market in 2018, contributing about 45.8% of the market, followed by Europe.
“Limited Time Offer”
Buy This Research Study Report With Flat US $2000 Off @ https://www.coherentmarketinsights.com/promo/buynow/3213
Restraints
The global fall detection systems market is projected to be hampered by the high cost of fall detection systems. High subscription costs can deter emerging economies from adopting these devices. Various industry players’ fall detectors are not fully reliable. Sliding crashes are not detected by automatic fall monitoring devices. These flaws are also expected to stifle business expansion.
Opportunities
Telehealth technologies will improve health outcomes while still lowering healthcare costs. Mobile technology advancements and the rising penetration of home care facilities are projected to provide attractive growth opportunities for market participants.
Furthermore, rising R&D in fall detection techniques is expected to help the expansion of the global fall detection systems market. In March 2019, researchers from the Bern University of Applied Sciences published a paper in the journal MDPI Sensors detailing the technical validation of the AIDE-MOI fall detection algorithm.
The global fall detection systems market was worth US$ 382.9 million in 2018 and is projected to hit US$ 604.3 million by 2027, growing at a CAGR of 5.2 percent over the forecast period.
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/fall-detection-systems-market-2608
Market Trends
Smart-watches with fall detection are being offered by major players in the industry. Apple Watch 5 has built-in watch detection. If the watch does not sense activity or feedback after a minute, it automatically dials 911 (in the U.S.).
Dropping detection technology based on Wi-Fi is also being developed by major players in the market. Origin Wireless announced the introduction of Origin Health in December 2019, a new wireless AI Wi-Fi sensing app platform that allows for remote control and fall detection.
Competitive Landscape
Key companies contributing to the global fall detection systems market are ADT Security Services, Bay Alarm Company, LifeWatch USA, Apple, Inc., Origin Wireless, Koninklijke Philips N.V., MobileHelp, Tunstall, MariCare Oy, and Medical Guardian LLC.
Special Requirements?
We value your investment and offer customization as per your requirements.
Share your precise requirements @ https://www.coherentmarketinsights.com/insight/request-customization/3213
Key Developments
To broaden their product line, major market players are focusing on M&A strategies. ADT Security Services purchased Marietta, a private security integration firm, in November 2019. The purchase is intended to broaden the spectrum of services that ADT Security Services’ commercial division will provide to consumers in Atlanta.
Collaboration initiatives are now being pursued by major market leaders in order to broaden their product range. Philips teamed up with Humana Inc. to help select high-risk Medicare Advantage participants improve their treatment and wellness outcomes. Humana Inc. has developed two systems that use medical warning services and Philips RMM technologies to closely track at-risk Medigap members.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Sensing Modalities
- Market Snippet, By Technology
- Market Snippet, By End User
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Technological Advancement
- Regulatory Scenario
- Market Dynamics
- Global Fall Detection Systems Market, By Product Type, 2017 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2019–2027
- Segment Trends
- Automated Detection Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Segment Trends
- Manual Detection Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Segment Trends
- Introduction
- Global Fall Detection Systems Market, By Sensing Modalities, 2017 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2019–2027
- Segment Trends
- Wearable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Watches
- Necklace
- Clip to Garment
- Non-Wearable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Floor Sensors
- Wall Sensors
- Cameras
- Introduction
- Global Fall Detection Systems Market, By Technology, 2017 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2019–2027
- Segment Trends
- GPS System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Mobile Phones
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Introduction
- Global Fall Detection Systems Market, By End User, 2017 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2019–2027
- Segment Trends
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Senior Assisted Living Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Introduction
- Global Fall Detection Systems Market, By Regions, 2017 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2019–2027
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- The U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- The U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of the Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
Have a Look at Related Research Insights:
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837