Fall Detection Systems Market: Future Scope and Opportunities

Fall detection systems market was valued at US$ 382.9 Mn in 2021 and is expected to reach US$ 604.3 Mn by 2028 at a CAGR of 5.2% during the forecast period.

Fall detection systems are tools to prevent accidental falls in elderly population. Geriatric population often faces risks of falling, and is a prevalent problem faced by them. A study published by the World Health Organization (WHO) estimates that between 28%, and 35% of people over 65 years are prone to at least one fall yearly, and 42% for people over 70 years of age. Various kinds of fall detection systems are available in the market which work on different technologies such as sensor based, GPS systems based, and others. Fall detection systems are either automatic, or manually operated. Computer vision based systems, motion sensor based systems, and several other kinds of fall detection systems are available.

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Key participants for business development are Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple, Inc., ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, MariCare Oy, and Origin Wireless.

Key players in the market are focused on adopting 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. Philips collaborated with Humana Inc. to help improve care and health outcomes for select 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.

Reasons to Purchase this Report

Current and future of global Fall Detection Systems market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.

Regions/countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

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Years Considered to Estimate the Fall Detection Systems Market Size:

History Year: 2016-2020
Base Year: 2020
Forecast Year: 2021-2028

Important Features and Key Highlights of the Market:-

• Detailed overview of market application and advantages.
• Understand the technologies support, Solution, Services. Understand the evaluation of dynamic growth.
• The in-depth market information of competitors, revenue, and cost structure.
• Strategies of key players, the competitive landscape.
• Historical data, current trend, and market volume and value.
• Industry restrains drivers and opportunities.
• product Development and offerings Key insights.
• Potential Application covers extensive analysis of emerging trends

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The post Fall Detection Systems Market Future Scope, Overall Study, Opportunities and Forecast 2021-2028 | Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple, appeared first on Gatorledger.