Global Market Study on Fall Detection System: North America to Witness Highest Growth by 2021


  • Published On : Feb-2016 |
  • Pages : 221 Pages |
  • Format :

This Persistence Market Research (PMR) report examines the ‘Fall Detection Systems Market for the period 2015–2021. The primary objective of the report is to offer updates and information related to market opportunities in the global fall detection systems market.

The global fall detection systems market report deals with fall detection systems, which can be defined as devices that 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. On the basis of product type, the market has been segmented into automatic fall detection systems and manual fall detection systems. The global fall detection systems market is expected to expand at a CAGR of 4.9% over the forecast period (2015–2021) to account for US$ 448.1 Mn by 2021.

To understand and assess various opportunities in this market, the report is categorically split into five sections, namely market analysis by product type, sensing modalities, technology, end-user, and region. The report analyzes the global fall detection systems market in terms of market value (US$ Mn).

The report starts with an overview of the global fall detection systems market and its usage in the event of fall across the globe. In the same section, PMR covers the global fall detection systems market performance in terms of revenue. This section includes PMR’s analysis of key trends, drivers, and restraints from supply and demand perspectives.

The next section of the report analyzes the market on the basis of product type segments and presents the forecast in terms of value for all the years till 2021.

On the basis of product type the market has been segmented as follows:

  • Automatic fall detection systems
  • Manual fall detection systems

The next section of the report analyzes the market on the basis of sensing modalities segments and presents the forecast in terms of value for the following six years.

Sensing modalities segments covered in the report are as follows:

  • Wearable
    • Watches
    • Necklace
    • Clip-on
  • Non-wearable
    • Floor sensors
    • Wall sensors
    • Cameras

The next section of the report analyzes the market on the basis of technology and presents the forecast in terms of value for the following six years.

Technology segments covered in the report are as follows:

  • GPS systems
  • Mobile phone
  • Sensors

The next section of the report analyzes the market on the basis of the end user and presents the forecast in terms of value for all the year till 2021.

End-user segments covered in the report are as follows:

  • Home care settings
  • Senior assisted living facilities

The section that follows analyzes the market on the basis of regions in terms of value for the forecast period.

Regions covered in the report are as follows:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

To arrive at the market size, the report considers the market value of the global fall detection systems across the aforementioned geographies. The forecast presented in the report assesses total revenue generated in the global fall detection systems market. When developing the market forecast, the starting point involves sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. For this, PMR referred to several subject matter experts in the fall detection systems domain. Given the characteristics of the market, we triangulated the outcome based on different analysis based on the supply side, demand side, and dynamics of the market, such as regulations and GMP guidelines for personal emergency response systems. In this report, quantification of data has been conducted along with the provision of quality insights collected directly from the market through discussion with suppliers, distributors, and subject matter experts. This is how the market analysis for the forecast period is carried out.

We have also taken into consideration the year-on-year growth of the global fall detection systems market, based on regional growth analysis, to understand the predictability of the market and to identify the right opportunities in it.

As previously highlighted, the market for global fall detection systems is split into various segments on the basis of product type, sensing modalities, technology, end user, and regions. All these segments have been analyzed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends in the global fall detection systems market.

Another key feature of this report is the analysis of the global fall detection systems market, by region, which is further segmented on the basis of countries and revenue forecast in terms of absolute dollar opportunity. Regional trends have been introspected, identified, and applied while forecasting the growth rates of the market. Additionally, the absolute dollar opportunity provided in the report is critical in assessing the level of opportunity that a provider can look to achieve from a sales perspective in the global fall detection systems market. 

In this report, PMR has also developed the market attractiveness index for all five segments, namely product type, sensing modalities, technology, end user, and regional segments. This index is intended to help in identifying the real opportunities in the market.

In the final section of the report, the global fall detection systems market landscape is included to provide report audiences with a dashboard view, based on categories of providers in the global fall detection systems product portfolio; their key developments and strategies have also been included wherever possible.

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.

The global fall detection systems market has been estimated to account for a market value of US$ 335.4 Mn in 2015, and is projected to witness stable growth across all global regions, due to rising incidence of chronic diseases, proliferation of smartphones and rising healthcare spending.

Drivers and Trends

The primary growth driver for the fall detection systems is rising geriatric population opting for enhanced medical alert services. Global ageing population is increasing rapidly. Between 2000 and 2050, the geriatric population is expected to account for 11% – 22% of the overall population, growing from 605 million to 2 billion over the same period. Furthermore, increased penetration of smartphones among geriatric population and technological advancements creates a favorable environment for growth of the global fall detection system market over the forecast period.

Manufacturers of fall detection systems are more focused on integrating advanced technologies such as GPS and cellular communication in order to maintain competitive advantage in the market. Technological advancements have led to integration of innovative solutions in fall detection devices that automatically trigger an alarm even if the user is unable to press the button due to loss of consciousness or injury.

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.

Regional Analysis

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.    

The Asia Pacific market is expected to expand at the highest CAGR, followed by North America, Europe, and Latin America over the forecast period. The Middle East & Africa accounts for a nominal share of the overall fall detection system, but is expected to evolve over time with increasing technological advancements and rising awareness through promotional campaigns.

Key market participants covered in the report include Koninklijke Philips N.V, LifeWatch USA, Tunstall, ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, and MariCare Oy.

global-fall-detection-systems-market

Key market participants covered in the report:

  • Koninklijke Philips N.V.
  • LifeWatch USA.
  • Tunstall.
  • ADT Security Services.
  • Medical Guardian LLC.
  • MobileHelp.
  • Bay Alarm Company.
  • MariCare Oy.
  • Other
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