The top notch fall detection systems market analysis report performs market share assessments for the regional and country-level segments. The business report covers several topics including market trend analysis, market drivers, market restraints, opportunities, threats, application analysis, emerging markets, and futuristic market scenario. This market research report deals with systematic gathering, recording and analysis of data for the issues related to the marketing of goods to serve the semiconductors and electronics industry with excellent market research analysis. Moreover, it analyses semiconductors and electronics industry by product type, by equipment type, by price category e.g. discount, mainstream, or premium etc., by distribution channel, by application and by geography.

All the numerical data included in the credible fall detection systems marketing report is backed up by excellent tools such as SWOT analysis, Porter's Five Forces Analysis and others. Analytical study of this market report helps in mapping growth strategies to increase sales and build brand image in the market. This large scale market report has been generated by keeping in mind all the vital aspects of the market research that simply brings market landscape into focus. The universal fall detection systems market document also makes available the company profile, product specifications, production value, manufacturer’s contact information, and market shares for the company.  

Fall Detection System Market was valued at USD 381.61 million in 2021 and is expected to reach USD 617.87 by 2029, registering a CAGR of 15.53% during the forecast period of 2022-2029.

Definition

In the event of an accident, fall detection systems notify emergency services. It is mostly intended for the elderly. The cell phone and the wearable device are the two main components of this system. When a wearable gadget detects a fall, it sends an alert to the cell phone, which subsequently sends alerts to the user's emergency contacts.

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Key Growth Drivers:

Increase in Geriatric Population

The increase in the rate of geriatric population across the globe acts as one of the major factors driving the fall detection system market. Falls are known to be one of the major public health problem for the elderly. The injuries that are caused by falls in elderly people have several consequences to their families, along with healthcare systems.

Prevalence of Various Chronic Diseases

The rise in the prevalence of various chronic diseases such as dementia, chronic obstructive pulmonary disease, (COPD), diabetes and Alzheimer’s disease, among others accelerate the market growth. For instance, the number of people suffering from dementia is projected to be 65.7 million by 2030, according to WHO.

Rise in Demand for Wearable Technology

The rise in demand for smartphone and wearable technology based fall detection system for better accessibility to assistance in case of fall further influence the market. Also, increase in demand for multimodal technology along with growing need to decline medical expenses assist in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the fall detection system market.

Opportunities

Furthermore, key players offering smartwatches with fall detection extend profitable opportunities to the market players in the forecast period of 2022 to 2029. For instance, Apple Watch 5 comes with an inbuilt watch detection that automatically calls 911 (in the U.S.) when it does not detect movement. Also, development of fall detection technology that is based on Wi-Fi and machine learning approach for detecting fall will further expand the market.

The report emphasizes the participation of key entities, notably:

• Tunstall Group (UK)
• Koninklijike Phlips N.V. (Netherlands)
• ADT (US)
• Medical Guardian LLC. (US)
• Connect America (US)
• SafeGuardian Medical Alarms & Help Alert Systems (US)
• Bay Alarm Medical (US)
• LifeFone Medical Alert Services (US)
• LifeStation, Inc. (US)
• ST Engineering (Singapore)
• AlertONE Service Inc. (US)
• Walgreen Company (US)
• Semtech Corporation (US)
• Legrand (France)
• Mytrex, Inc. (US)
• Rescue Alert (US)
• Galaxy Medical Alert Systems (Canada)
• Care Innovations, LLC (Canada)
• MobileHelp (US)

Why consider investing in this report?

• Explore a panoramic view of the fall detection systemsmarket, diving deep into its nuances and dynamics.
• Uncover details about leading industry players, their diverse product ranges, and the strategies fueling their success.
• Discover the thriving regional landscapes where fall detection systemsis making significant strides, offering valuable insights.
• Stay updated on the latest industry shifts and advancements, gaining a competitive edge.
• Identify promising pockets of growth and emerging segments or regions that hold considerable potential within the fall detection systems

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Key Market Segmentation

By Product Type (Automatic Fall Detection System, Manual Fall Detection System), Algorithm (Simple Threshold, Machine Learning), Component (Accelerometers and Gyroscopes, Unimodal/Bimodal Sensors, Multimodal Sensors), System (Wearable Systems, Non-Wearable Systems, In-Home Landline System, In-Home Cellular Systems), End-User (Home Care Settings, Hospitals and Senior Assisted Living Facilities, Lone Workers, Others)

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