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Fall Detection System Market Projection By Technology, Top Key Players, Demand, Segment, Regional Analysis Revenue Forecast Till – 2029

asianewswire.net by asianewswire.net
April 8, 2022
in Press Releases
Fall Detection System Market Projection By Technology, Top Key Players, Demand, Segment, Regional Analysis Revenue Forecast Till – 2029
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Fall Detection System Market 2022

(EMAILWIRE.COM, April 08, 2022 ) Fall Detection System Market 2022

Fall Detection System Market is likely to grow voraciously, i.e. at a CAGR of 4% between 2022-2029. Augmented and virtual reality are abreast with advanced technologies on a significant count. VR and AR do have loads of potential for offering in the healthcare vertical. The application areas include surgery and training simulation, and patients care and treatment.

The new research study by Persistence Market Research (PMR) unveils worldwide revenue of fall detection systems reached US$ ~380 Mn, in 2018. According to the study, it is projected that the industry for fall detection systems is anticipated to expand by ~ 4% YOY in 2019, mainly affected by the latest changes in the worldwide fall detection systems landscape such as technological advancements.

Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/8878

Growing focus on making highly sensitive and cost-effective fall detection systems contribute to the build-up of the industry for fall detection systems by the end of 2029, according to the study. Increasing number of falls in geriatric population combined with increasing prevalence of chronic diseases and endorsement of fall detection systems as supportive tool for independent living – all contribute to the upsurge in the sales of fall detection systems in 2019 and beyond.

Company Profiles:

Royal Philips NV
Tunstall
ADT Inc.
Medical Guardian LLC.
BioTelemetry, Inc.
Bay Alarm Company
MobileHelp
MariCare Oy

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/8878

Fall Injuries Increasing the Demand for Fall Detection Systems

Treatment of fall injuries imposes an enormous financial strain on the community, especially for seniors as the hospitalization time and cost of treatment increases with age. This is linked to rising ageing population coupled with increasing number of falls among the elderly group. Fall detection systems deliver immediate access to elderly population and provides a potential solution for unreported falls among seniors, thus improving outcomes and reducing the overall healthcare cost. According to the Center for Diseases Control and Prevention, each year, 3 million seniors undergo treatment in emergency departments for fall injuries.

According to the PMR report, growing adoption in homecare settings accounted for relatively high sales in 2018, and this end-use sector will continue to harness the maximum share during the forecast period of 2019-2029. This is attributed to the growing desire for seniors to spent time at home and to live their life independently and at their convenience.

Demand for automatic fall detection systems is estimated to shoot up by the end of 2029, as end users seek user-friendly fall detection systems that have capability to alert senior care or healthcare facility automatically during emergency saving time for the patient to get proper therapy. Based on sensing method, sales of wearable fall detection systems have been, and will continue to witness greater adoption among end users, reveals the PMR research study.

Demand for wearable fall detection systems is primarily driven by their ease-of-use nature and mobility, as they come in the form of watches, necklaces, and clip-to-garments, thus enabling users to carry them wherever they wish to go. Thus, the PMR study report estimates that wearable fall detection systems will hold ~ 70% of the total market share during the forecast period.

Asia Pacific Market Set to Grow 2X

According to the PMR study, growth opportunities for the fall detection systems market players are picking pace in the Asia Pacific region. After North America and Europe, Asia Pacific is expected to harness the maximum share in the market for fall detection systems, owing to subtle expansion of the regional healthcare industry and development of senior care facilities in this region. High population factor and increasing investment in healthcare by the government, especially in Asian countries also create an opportunity for fall detection systems manufacturing companies to invest in these regions.

PMR’s business analytics also shows breakthrough perspectives into the competitive landscape of the fall detection systems market along with highlights of manufacturers’ key business policies and approaches. Key market players in the fall detection systems will continue to draw upon the global drive by focusing their research and development resources on developing machine learning based fall detection systems and also companies will be expanding their business through partnerships with other technology giants.

For instance, MobileHelp®, an emerging company in the fall detection systems market, has taken a step further and created a new smart-watch based fall detection systems solution in collaboration with Samsung and Trelawear and announced the launch of new line of emergency response wearables to expand its product offerings of fall detection systems.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/8878

Report Highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint

You Can Read Also-

Global Biopharmaceutical Market –

global biopharmaceuticals market was valued at US$ 162 Bn in 2014 and is expected to grow at a CAGR of 9.4% from 2014 to 2020, to reach an estimated value of US$ 278 Bn by 2022.

ECG Devices Market –

These factors are expected to fuel the growth of global ECG devices market to grow at a CAGR of 4.1% between 2016 and 2024, according to a new report by Persistence Market Research (PMR). The report, titled, “ECG Device Market: Global Industry Analysis and Forecast, 2016-2024”.

Medical Imaging Equipment Market –

global medical imaging equipment market was valued at US$ 29.4 Bn in 2015 and is projected to reach US$ 45.3 Bn by 2023, expanding at a CAGR of 5.6% during the forecast period from 2015 to 2023.

Nitrile Gloves Market –

Persistence Market Research predicts that the global nitrile gloves market will exhibit an impressive CAGR of 24% during the forecast period (2020-2030), to be valued at US$ 26.7 Bn by 2030-end.

About Us: Persistence Market Research

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com



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