FALL DETECTION SYSTEMS MARKET ANALYSIS

Fall Detection Systems Market, by Product Type (Automated Detection Systems and Manual Detection Systems), by Sensing Modalities (Wearable ( Watches, Necklace and Clip to Garment), Non Wearable (Floor Sensors, Wall Sensors and Cameras), by Technology (GPS System, Mobile Phones and Sensors), by Component (Accelerometer & Gyroscope, Unimodal Sensors and Multimodal Sensors), by End User (Home Care Settings and Senior Assisted Living Facilities), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Sep 2022
Code : CMI3213
Pages :196
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

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.

Restraints & Challenges:

High cost of fall detection systems products

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.

Growth Drivers:

Increasing prevalence of various chronic diseases
Increasing adoption of smartphones

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