Fall Detection System Market | Analysis, CAGR, Trends By Key Players: Koninklijke Philips, Connect America, ADT Corporation, Tunstall Healthcare Group

Global Fall Detection System Market research report provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Rising prevalence of chronic disease and increasing number of stroke cases among geriatric population is leading to increasing number of falls.  One of the main causes of falls among older population is rising incidence of Alzheimer. It has been estimated that 12.5% of people 65 years and older and 45% of people 85 years and older suffer from Alzheimer’s. Also, nearly twice as many women as men suffer from the disease. Fall detection systems such as automatic fall detection systems and manual fall detection systems are used to alert emergency services in the event of a fall. Such devices have the potential to mitigate some of the adverse consequences of a fall. These systems can be classified as wearable pendant that can be attached to a watch or a necklace. Certain fall detection sensors can be clipped onto the user’s pocket, while some fall detection systems providers also provide fall detection cellular phone, floor sensors, wall sensors and cameras.

Rising overall healthcare expenditure is also expected to contribute to the overall growth of the fall detection system market in the near future. Falls have an adverse economic impact on the immediate family, community, and society. Healthcare costs associated with falls in older age are increasing significantly across the world.

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A fall detection system is a device that is used to alert emergency services in the event of a fall. Such devices have the potential to mitigate some of the adverse consequences of a fall. Fall detection system is based on sensors and GPS systems. Whereas, Global Positioning System (GPS) is a space-based navigation system that provides location and time information in all weather conditions. A GPS-based fall detection system allows a person to go wherever he or she likes with accessibility to care center operators any time and fall detection sensors not only automatically detect falls, but also detect stumbles, trips or recovered falls. These sensors are able to identify where the person fell and also sense both the impact and angle of the fall.

 Top Companies covered in this report:
Koninklijke Philips
Connect America
ADT Corporation
Tunstall Healthcare Group
Medical Guardian
Bay Alarm Medical
Singapore Technologies Electronics Limited and more…..

The market in North America is expected to expand at the highest CAGR in terms of value over the forecast period.  Increasing prevalence of chronic diseases and rising healthcare spending are factors that are expected to further drive demand for fall detection system and thus, lead to standardization of the market in the region. Also wide availability of free people locator applications is adversely affecting adoption of paid subscription services for fall detection systems. Cost issues and lack of reimbursement policies are expected to slightly hamper growth of the market in North America during the forecast period.

Europe is the second-most lucrative destination for fall detection systems. High costs of device and lack of awareness regarding use and adoption of fall detection system is expected to affect overall market for fall detection systems in the region over the next few years. The Europe market is expected to expand at a stable CAGR over the forecast period. Major companies based in Europe are looking to expand their base outside Europe to better cater to growing global demand for fall detection systems.

Market Segment By Key Product Type:
Wearable Systems
In-Home Landline Systems
In-Home Cellular Systems

Market Segment by Application Type:
Home Care Settings
Senior Assisted Living Facilities

Key questions answered in this report
1. What are the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks)?
2. Which consumer segment accounted for the highest sales of Fall Detection System in 2019?
3. What are the business risks and factors concerning the market?
4. What are some of the most promising, high-growth opportunities for Fall Detection System market by applications, types and regions?
5. Which region offers the most lucrative opportunities for the market in 2019?
6. What Fall Detection System product types will be the most in-demand in the current year?
7. What sales channel will account for the largest sales?
8. What are the major challenges facing the Fall Detection System market?

Table of Contents
Part 1 Market Overview
Part 2 Key Companies
Part 3 Global Market Status and Future Forecast
Part 4 Asia-Pacific Market Status and Future Forecast
Part 5 Europe Market Status and Future Forecast
Part 6 North America Market Status and Future Forecast
Part 7 South America Market Status and Future Forecast
Part 8 Middle East & Africa Market Status and Future Forecast
Part 9 Market Features
Part 10 Investment Opportunity
Part 11 Conclusion
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