Fall Detection System Market 092017
Global Market Study on Fall Detection System: GPS Systems Expected to be the Second Lucrative Segment by Technology During the Forecast Period 2017–2025
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.
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- Koninklijke Philips N.V.
- ADT LLC dba ADT Security Services
- Medical Guardian LLC
- LifeWatch USA
- Bay Alarm Company
- Mobile Help
- MariCare Oy
- DGH Technology, Inc.
- Xuzhou Palmary Electronics Co., Ltd.
Market Value Forecast
In terms of value, the global fall detection system market is anticipated to be valued at US$ 518.5 Mn by the end of 2025, expanding at over 4.5% CAGR in terms of value during the forecast period.
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The global fall detection system market shows a healthy growth over the forecast period. Globally, various factors such as increasing number of falls among the geriatric population, increasing prevalence of chronic diseases, increasing penetration of smartphones, rising healthcare expenditure, technological advancements, adoption of fall detection systems as supportive tools for independent living, increased Food and Drug Administration (FDI) regulations in developing countries and a rising aging population are impelling the growth of the global fall detection system market.
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Market Forecast by Product Type
The global fall detection system market is segmented on the basis of product type into automatic detection systems and manual detection systems. Among these segments, the automatic detection systems segment is expected to hold the highest market share of 61.6% in 2025 and expand at a CAGR of 5.1% in terms of revenue between 2017 and 2025.
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Market Forecast by Technology
The fall detection system market is segmented on the basis of technology into GPS systems, mobile phones, and sensors. In the global fall detection system market, the sensors segment occupies a major chunk of the value share, and is anticipated to hold the highest market share of 44.4% in 2025 and expand at a CAGR of 4.0% in terms of revenue between 2017 and 2025. GPS systems segment is estimated to grow at the fastest CAGR of 5.2% over the forecast period 2017-2025.
Market Forecast by Sensing Modalities
The global fall detection system market is segmented on the basis of sensing modalities into wearable and non-wearable. Among these segments, the wearable segment is expected to register the highest market share of 73.3% in 2025 and expand at a CAGR of 4.7% in terms of revenue between 2017 and 2025.
Market Forecast by End User
The fall detection system market is segmented on the basis of end user into home care settings and senior assisted living facilities. The homecare settings segment held a larger share of the global fall detection system market, and the trend is expected to continue over the forecast period.
By region, the global fall detection system market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Globally, in terms of revenue, North America is anticipated to account for the highest value share of 45.5% in 2017 followed by Europe. Meanwhile, revenue from the market in APAC is expected to expand at a significant CAGR of 5.7% over the forecast period.