About Fall Detection System
The global Fall Detection System market is expected to grow in forecasted due to the period due to better accessibility to assistance in case of fall leading to reduced medical expenses and increasing demand for multimodal technology are the factors driving the growth of the fall detection system market. A fall detection system is an assistive device placed on humans' waist that alerts when a fall has occurred. this type of technology is known to drop the consequences of a fall. Also, the system can detect the persons falling by acceleration analysis and send the geographic position and fall alarm short message to caregivers. The rise in the geriatric population is projected to offer growth opportunities.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 9.1% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fall Detection System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), Connect America (United States), The ADT Corporation (United States), Tunstall Healthcare Group Ltd. (United Kingdom), Medical Guardian LLC (United States), Bay Alarm Medical (United States), Singapore Technologies Electronics Limited (Singapore), MobileHelp (United States), MariGroup Oy (Finland) and Mytrex, Inc. dba Rescue Alert (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Semtech Corporation (Netherlands), AlertOne Services, LLC (United States) and LifeFone (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fall Detection System market by Type (Automatic Fall Detection Systems and Manual Fall Detection System), Application (Home Care Settings and Senior Assisted Living Facilities) and Region.
On the basis of geography, the market of Fall Detection System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sensing Modalities, the sub-segment i.e. Wearable will boost the Fall Detection System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. GPS Systems will boost the Fall Detection System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Algorithm, the sub-segment i.e. Simple Threshold will boost the Fall Detection System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Food and Drug Administration (FDI) Regulations and High Demand for Machine learning Method to Detect Fall is a Kind of Artificial Intelligence
Market Growth Drivers:
Increase Demand for Smartphones and Wearable Technologies and Increasing Demand for Multimodal Technology
Challenges:
Lack of Awareness about Fall Detection System Technology and Sensitivity and Specificity of Fall Detection System
Restraints:
Low Practicality and Low Acceptability Among Elders
Opportunities:
High Demand for Multimodal Sensors Used in Artificial Intelligence and Availability of Devices Pre-Installed with The Machine Learning Algorithm
Market Leaders and their expansionary development strategies
On January 12, 2023, Bay Alarm acquired LifeFone, a leading provider of personal emergency response systems (PERS) with fall detection capabilities. This merger expands Bay Alarm's reach in the senior care market.
On May 9, 2023, Google Nest Hub announced fall detection capabilities as part of a software update. This feature utilizes the Nest Hub's camera and machine learning to detect falls and send emergency alerts.
Key Target Audience
Fall Detection System Developers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.