Fall detection systems are utilized for alerting the concerned emergency services in the event an individual suffers from a fall. The increasing occurrence of chronic diseases and the rising count of strokes in the geriatric population globally have raised led to more falls being reported globally. Amongst the reasons causing falls in geriatric population, the increasing occurrence of Alzheimer’s emerged as a key reason. At present, approximately 45% of people aged 85 years and more suffer from Alzheimer’s globally. Fall detection systems are either available as wearable pendants that can be clipped to a necklace or watch or other types that can be attached to the pocket of a user. These systems also include fall detection floor sensors, cameras, cellular phones, and wall sensors, among others.
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Increasing Healthcare Expenditure Globally to Boost Fall Detection Systems Market
The increasing count of aging people opting for improved medical services and the rising proliferation of smartphones amongst the geriatric population globally are the prime factors fuelling the growth of the fall detection systems market. In addition, a number of technological advancements have also propelled the demand for these systems. Furthermore, the increasing healthcare expenditure globally is also impacting the market positively.
The penetration of detection devices that trigger an alarm automatically in the event of a user being unable to press the button owing to an injury and loss of consciousness, is a key trend seen in the global fall detection systems market. On the other hand, the soaring cost of equipment and the absence of awareness amongst individuals are the key factors impeding the growth of the market.
Automatic Fall Detection Systems to Lead by 2021
On the basis of product, the market is segmented into manual and automatic fall detection systems. Amongst these, the segment of automatic fall detection systems is anticipated to lead the market by the end of 2021. This segment is poised to exhibit above-average development in the coming years. By sending modalities, the market is categorized into non-wearable and wearable segments. Of these, the segment of wearable fall detection systems is predicted to hold the largest share in the market by 2021 due to portability, ease of use, and the rising adoption of advanced technologies by the geriatric population globally.
Fall Detection Sensors Constitute Largest Share All through 2021
By technology, the fall detection market is segmented into mobile phones, GPS systems, and sensors. Of these, the segment of sensors is poised to gain more demand as compared to the other segments, from 2015 to 2021. By end use, the market is segmented into senior assisted living facilities and home care settings. Amongst these, the segment of home care settings is predicted to lead the market in the coming years. This segment constituted a share of 69.8% in the market in 2015 and is predicted to rise to 72.1% by 2021.
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North America Fall Detection Systems Market to Dominate till 2021
Geographically, the market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Amongst these, North America, followed by Europe, is predicted to lead the market by 2021 owing to the increasing incidents of falls amongst the aging population, the increasing count of smartphones, and the rising occurrence of chronic diseases in this region. In North America, the U.S. emerged as the largest market for fall detection systems and is anticipated to reach US$175.0 mn by 2021 from a value of US$124.7 mn in 2015, by rising at a 5.80% CAGR from 2015 to 2021.
LifeWatch USA, Koninklijke Philips N.V, ADT Security Services, and Tunstall, among others are the major players operating in the fall detection systems market.