Global Fall Detection Systems Market: Restraint
High cost of fall detection systems is expected to hinder growth of the global fall detection systems market. High subscription costs may inhibits adoption of these devices in emerging economies. Moreover, fall detectors offered by various market players are not entirely accurate. Automatic fall detection systems do not detect sliding falls. These drawbacks are also expected to hinder growth of the market.
Increasing prevalence of various chronic diseases such as Alzheimer’s disease, dementia, cardiovascular diseases, chronic obstructive pulmonary disease, (COPD) and diabetes are expected to drive growth of the global fall detection systems market.
Increasing prevalence of various chronic diseases such as Alzheimer’s disease, dementia, cardiovascular diseases, chronic obstructive pulmonary disease, (COPD) and diabetes are expected to drive growth of the global fall detection systems market. For instance, according to the WHO, the number of people suffering from dementia is expected to reach 65.7 million by 2030 globally.
The increasing adoption of smartphones is expected to drive market growth during the forecast period.
The increasing adoption of smartphones is expected to drive market growth during the forecast period. For instance, according to the data from GSMA Intelligence, which is the mobile industry's leading data and analysis resource stated that in 2022, there are 5.34 billion mobile phone users in the world.
Fall Detection Systems Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients