Fall detection systems market

Q: Which is the leading sensing modalities segment in the market?

Wearable is the leading application segment in the market. Read more

Fall Detection Systems Market, by Product Type (Automated Detection Systems and Manual Detection Systems), by Sensing Modalities (Wearable ( Watches, Necklace and Clip to Garment), Non Wearable (Floor Sensors, Wall Sensors and Cameras), by Technology (GPS System, Mobile Phones and Sensors), by Component (Accelerometer & Gyroscope, Unimodal Sensors and Multimodal Sensors), by End User (Home Care Settings and Senior Assisted Living Facilities), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Sep 2022
CMI3213
196 Pages
Excel & Pdf
Medical Devices

Summary

An assistive device whose primary function is to warn when a fall event has taken place is referred to as a fall detection system. One of the important features used in the majority of smart walkers to address gait and balance problems is a fall detection system. To forecast, identify, and prevent instances of falling, a variety of procedures are used to monitor gait metrics using sensory systems.

Global fall detection systems market is estimated to be valued at US$ 5,849.3 million in 2022 and is expected to exhibit a CAGR of 9.4 % during the forecast period (2022-2030).

Figure 1. Global Fall Detection Systems Market Share (%), by Sensing Modalities, 2022

Increasing prevalence of various chronic diseases such as Alzheimer’s disease, dementia, cardiovascular diseases, chronic obstructive pulmonary disease, (COPD) and diabetes are expected to drive growth of the global fall detection systems market.

Increasing prevalence of various chronic diseases such as Alzheimer’s disease, dementia, cardiovascular diseases, chronic obstructive pulmonary disease, (COPD) and diabetes are expected to drive growth of the global fall detection systems market. For instance, according to the WHO, the number of people suffering from dementia is expected to reach 65.7 million by 2030 globally.

Figure 2. Global Fall Detection Systems Market Share (%), by Region, 2022

The increasing adoption of smartphones is expected to drive market growth during the forecast period.

The increasing adoption of smartphones is expected to drive market growth during the forecast period. For instance, according to the data from GSMA Intelligence, which is the mobile industry's leading data and analysis resource stated that in 2022, there are 5.34 billion mobile phone users in the world.

Fall Detection Systems Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 5,849.3 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	9.4 %	2030 Value Projection:	US$ 11,977.6 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Automated Detection Systems, Manual Detection Systems By Sensing Modalities: Wearable (Watches, Necklace, Clip to Garment), Non Wearable (Floor Sensors, Wall Sensors, Cameras) By Technology: GPS System, Mobile Phones, Sensors By Component: Accelerometer & Gyroscope, Unimodal Sensors, Multimodal Sensors By End User: Home Care Settings, Senior Assisted Living Facilities
Companies covered:	Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple Inc., ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, MariCare Oy, Origin Wireless, The ADT Corporation, Singapore Technologies Electronics Limited, Semtech Corporation
Growth Drivers:	Increasing prevalence of various chronic diseases Increasing adoption of smartphones
Restraints & Challenges:	High cost of fall detection systems products

Global Fall Detection Systems Market– Impact of Coronavirus (COVID-19) Pandemic

COVID-19 had a negative impact on the fall detection system market owing to the supply chain disruptions and COVID-19 restrictions imposed by government. The epidemic that hindered market expansion significantly affected the industrial industry. The global lockdown's adoption had an effect on manufacturing industries' production plans. During the lockdown, sales decreased, which had an impact on the sales ratio and the number of deliveries. The market will, however, start to expand again after the epidemic because the earlier limits have been loosened.

Global Fall Detection Systems Market: Key Developments

Key players in the market are focused on adopting merger and acquisition (M&A) strategies to expand their product portfolio. For instance, in November 2019, ADT Security Services acquired Marietta, a commercial security integration company. The acquisition is expected to strengthen range of services the commercial division of ADT Security Services can offer customers in Atlanta.

Key players in the market are also focused on adopting collaboration strategies to expand their product portfolio. For instance, Philips, which is a technology company collaborated with Humana Inc., which is U.S. health insurance company, to help improve healthcare outcomes for selected high-risk Medicare Advantage members. Humana Inc. implemented two programs that use medical alert services and remote member monitoring (RMM) solutions of Philips to actively monitor at-risk Medicare Advantage members.

Global Fall Detection Systems Market: Restraint

High cost of fall detection systems is expected to hinder growth of the global fall detection systems market. High subscription costs may inhibits adoption of these devices in emerging economies. Moreover, fall detectors offered by various market players are not entirely accurate. Automatic fall detection systems do not detect sliding falls. These drawbacks are also expected to hinder growth of the market.

Key Players

Major players operating in the global fall detection systems market include Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple Inc., ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, MariCare Oy, Origin Wireless, The ADT Corporation, Singapore Technologies Electronics Limited, Semtech Corporation.

Table of Content

Table of Contents

*Browse 52 market data tables and 41 figures on “Global Fall Detection Systems Market” - Global forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global fall detection systems market during the forecast period (2022-2030)?

Global fall detection systems market size is estimated to be valued at US$ 5,849.3 million in 2022 and is expected to exhibit a CAGR of 9.4 % between 2022 and 2030.

What are the major factors driving the market growth?

Factors such as increasing prevalence of various chronic diseases and increasing adoption of smartphones are expected to drive the market growth.

Which is the leading sensing modalities segment in the market?

Wearable is the leading application segment in the market.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include high cost of fall detection systems products.

Which are the major players operating in the market?

Major players operating in the market include Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple Inc., ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, MariCare Oy, Origin Wireless, The ADT Corporation, Singapore Technologies Electronics Limited, Semtech Corporation.