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A fall detection system is a device that is used to alert emergency services in the event of a fall. Such devices have the potential to mitigate some of the adverse consequences of a fall.

The global fall detection systems market is estimated to account for US$ 402.8 Mn in terms of value in 2019 and is expected to account for US$ 604.3 Mn by the end of 2027.

Global Fall Detection Systems Market: Drivers

Increasing geriatric population is expected to boost growth of the global fall detection systems market over the forecast period. For instance, according to the World Health Organization (WHO), the worldwide geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

Moreover, increasing prevalence of various chronic diseases such as Alzheimer’s disease, dementia, cardiovascular diseases, chronic obstructive pulmonary disease, (COPD) and diabetes is also expected to propel growth of the market. For instance, according to WHO, the number of people suffering from dementia is expected to reach 65.7 million by 2030.

North America region held dominant position in the global fall detection systems market in 2018, accounting for 45.8% share in terms of value, followed by Europe.

• This report provides in-depth analysis of the global fall detection systems market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global fall detection systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
• Key companies covered as a part of this study include Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple, Inc., ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, MariCare Oy, and Origin Wireless
• Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global fall detection systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

•  Global Fall Detection Systems Market, By Product Type:
  • Automated Detection Systems
  • Manual Detection Systems
• Global Fall Detection Systems Market, By Sensing Modalities:
  • Wearable
    • Watches
    • Necklace
    • Clip to Garment