Global Fall Management Market Overview:
The most prevalent and serious medical issues among the elderly are falls and fall-related injuries. This is due to a rise in the prevalence of age-related illnesses including reduced vision and cognition, which reduce strength and have a substantial impact on physical condition. Furthermore, several medications (particularly psychiatric drugs) are linked to an increased risk of falls, which limits everyday activities. Minimizing the risk of injury, lowering the possibility of falling, ensuring continued follow-up, and preserving the best level of mobility feasible are all goals of fall management.
As per latest study released by AMA Research, the Global Fall Management market is expected to see growth rate of 5.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological innovations in the field of fall management
Market Growth Drivers:
Rise in geriatric population across the globe and Surge in prevalence of chronic diseases
Challenges:
Stiff competition
Restraints:
Lack of awareness regarding fall management system
Opportunities:
Increase in demand for fall detection systems and Surge in incidence of disabilities
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Alimed, Inc (United States), Curbell, Inc (United States), Deroyal Inc (United States), Emfit Ltd. (Finland), Medline Industries, Inc. (United States), Personal Safety Corporation (PSC) (United States), Rondish Company Limited (China), Smart Caregiver Corporation (United States), Stanley Black & Decker, Inc. (United States) and Tidi Products, LLC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Fall Management market by 2030.
Latest Market Insights:
In November 2023, OHSU hosts screening event, launches study to reduce the risk of ground-level falls management. Trauma surgeons are treating severe injuries like hip fractures, spinal injuries and brain injuries caused by ground-level falls. In fact, the number of injuries caused by ground-level falls has risen sharply in recent years, despite the fact that most of these falls are preventable.
In August 2023, Cera developed and launched AI that predicts people falling at home a week before it happens with 83% accuracy. The company was trialing an AI voice assistant healthcare model in a bid to reduce visits to A&E departments.
What Can be Explored with the Fall Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fall Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fall Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fall Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fall Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, Polymyositis Treatment Provider and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.