Fall detection systems are devices that alert emergency services in the event of a fall. Fall detection systems have the capacity to minimize some of the adverse effects of a fall. The global fall detection systems market comprises of manual fall detection systems and automatic fall detection systems.
The global fall detection systems market is expected to progress from US$335.4 mn in 2015 to US$448.1 mn by 2021, progressing at a 4.90% CAGR during the period between 2015 and 2021 owing to the increasing incidence of stroke cases and the rising prevalence of chronic diseases.One of the major reasons of falls among older people is the rising occurrence of Alzheimer. The prime growth driver for the global fall detection systems market is increasing aging population opting for improved medical alert services. It is expected that during the period between 2000 and 2050, the aging population will account for 11% to 22% of the total population, expected to grow from 605 million to 2 billion.
The global fall detection systems market is segmented on the basis of product type, geography, sensing modality, end user, and technology. Based on sensing modality, the global fall detection systems market is classified into wearable and non-wearable systems. The wearable fall detection systems segment is sub-segmented into watches, clip-ons, and necklaces. The non-wearable fall detection systems segment is sub-segmented into floor sensors, cameras, and wall sensors.
Mobile Phones Segment to Register Maximum Demand for Fall Detection Systems
By technology, the global fall detection systems market is classified into sensors, GPS systems, and mobile phones. Increased penetration of smartphones in the aging population and technical advancements in the devices are predicted to create a favorable environment for considerable growth of the global fall detection systems market in the next few years. Manufacturers are focusing on integrating latest technologies such as cellular communication and GPS to maintain their dominance in the global market.
Senior assisted living facilities and home care settings are two of the major end users of fall detection systems.
People Locator Applications to Propel North America Fall Detection Systems Market
Based on geography, the global fall detection systems market is divided into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Currently, the global fall detection systems market is dominated by North America, followed by Europe. Availability of people locator applications across North America is expected to propel the North America fall detection systems market in the next few years. Europe-based leading players are focusing on extending their services outside Europe to cater to the growing demand for fall detection systems across the globe.
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The increasing prevalence of chronic diseases, coupled with the rising incidence of stroke cases among the aging population, is predicted to propel the global fall detection systems market in the coming few years. It has been observed that 12.5% of people aging between 65 years and 85 years and 45% of people aging above 85 years suffer from Alzheimer’s. Some of the leading companies in the global fall detection systems market are Koninklijke Philips N.V, Tunstall, Medical Guardian LLC, Bay Alarm Company, MariCare Oy, LifeWatch USA, ADT Security Services, and MobileHelp.