fall detection systems market Outlook 2022
Persistence Market Research provides key insights and presents a revised forecast of the global fall detection systems market for an eight-year period from 2017 to 2025 in a report titled “Fall Detection Systems Market: Global Analysis of the industry (2012-2016) and forecast (2017-2025). » The market sizing and forecast revision has been made considering the impact of various macroeconomic indicators and other industry-based demand driving factors, as well as recent developments of major market players . The global fall detection systems market is expected to expand at a healthy CAGR of 4.5% in value over the forecast period, revised from the previous CAGR of 4.9%, driven by factors regarding which PMR offers useful information in detail in this report. The fall detection systems market is estimated at US$365.2 million in 2017 and is projected to reach US$518.5 million by 2025. North America and APAC are collectively expected to account for nearly 57 .7% of fall detection systems market revenue. in 2017.
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The fall detection systems market, though shrouded by high equipment cost, equipment false positives and lack of awareness, presents lucrative opportunities for manufacturers and service providers as these offer a ease of accessibility, affordability and efficient administration to potential customers. The report analyzes the global fall detection systems market in terms of market value (million US$) by product type, detection modalities, technology, end-user, and region. It also provides information on market dynamics, competitive landscape, current trends, market estimates and forecasts.
North America is expected to dominate the global fall detection market throughout the forecast period, driven by increasing number of falls among the geriatric population, increasing prevalence of chronic diseases, proliferation of smartphones and the adoption of fall detection systems as independent living support tools. The US fall detection systems market in North America holds the largest share. The United States Fall Detection Systems Market is expected to grow from the current estimated value of US$136.9 million in 2017 to US$197.4 million by 2025, registering a CAGR of 4.7% over the forecast period. Rising number of falls among the elderly, growing demand for fall detection systems due to their superior efficiency, and increased emphasis on maintaining a higher quality of life are factors that are expected to drive the overall demand in the fall detection system market in the near future.
- Koninklijke Philips NV
- ADT inc.
- Medical Guardian LLC.
- BioTelemetry, Inc.
- Bay Alarm Company
- MariCare Oy
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By product type, the fall detection systems market is segmented into automatic fall detection systems and manual fall detection systems. The automatic fall detection systems segment is expected to dominate the global fall detection systems market by the end of 2025. The segment is expected to register an above-average growth rate during the forecast period.
By the detection methods, the fall detection system market is segmented into wearable and non-wearable segments. Among these, the wearable segment is expected to dominate the overall market by 2025, due to the ease of use and portability of these devices and the increasing number of drops among the aging population as well as the growing adoption new technologies by the elderly to live independently and safely at home.
By technology, the fall detection systems market is segmented into GPS systems, mobile phones and sensors. Among these, the sensor segment is expected to witness high demand compared to all other segments during the forecast period.
Per end user, the fall detection systems market is segmented into home care facilities and assisted living facilities for the elderly. Of these, the home care facility segment is expected to remain the most attractive and is expected to account for 70.7% of the global market by the end of 2017, and further increase to reach 74.2% by 2025.
Answers to key questions in this report.
- What are the obstacles for suppliers of fall detection systems?
- What are the main opportunities for manufacturers of fall detection systems?
- How is the focus on safety influencing the demand for fall detection systems?
- What is the regulatory impact on global fall detection system sales?
- Which region offers the greatest fall detection system sales opportunity?
- Where is the United States in the fall detection systems market?
- What is the outlook for fall detection system manufacturers in China?
- Why is Germany a lucrative market for manufacturers of fall detection systems?
- Why will Belgium overtake other European markets for fall detection systems?
- Why is there a high demand for tires in the fall detection system?
- Why are sales of fall detection systems increasing?
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