Fall Detection System Market

Report Description

Persistence Market Research report examines the global fall detection system market for the period 2017–2025 in a new publication. The primary objective of the report is to provide information on market dynamics such as trends, drivers, restraints and opportunities for manufacturers operating in the global fall detection system market. The report also offers value forecast for the global fall detection system market for the period 2017–2025. To understand and assess the opportunities in this market, the report is categorically split into five sections namely market analysis by product type, technology, sensing modalities, end user, and region. The report analyzes the global fall detection system market in terms of market value (US$ Mn).

Report Structure and Market Taxonomy

The report starts with an overview of the fall detection system market. In the same section, PMR covers the fall detection system market performance in terms of revenue. The section also includes PMR’s analysis of drivers and restraints from the supply and demand perspective. This is followed by global and regional trends and opportunities in the global fall detection system market.

The next section of the report analyzes the market based on product type and presents the forecast in terms of value for the next eight years. Product types covered in the report include:

• Automatic fall detection systems
• Manual fall detection systems

The next section of the report analyzes the market based on technology and presents the forecast in terms of value for the next eight years. The segment covers different technologies including:

• GPS systems
• Mobile Phones
• Sensors

The next section of the report analyzes the market based on sensing modalities and presents the forecast in terms of value for the next eight years. The segment covers different sensing modalities including:

• Wearable
  • Watches
  • Necklaces
  • Clip-Ons
• Non-Wearable
  • Floor Sensors
  • Wall Sensors

The next section of the report analyzes the market based on end user and presents the forecast in terms of value for the next eight years. The segment covers different end users including:

• Home Care Settings
• Senior Assisted Living Facilities

The report further analyzes the market based on regions and presents the forecast in terms of value for the next eight years. Regions covered in the report include:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

The forecast presented in the report assesses the total revenue generated in the fall detection system market. When developing the forecast, the starting point involves sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, we have triangulated the outcome based on analysis of supply side and demand side factors. However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed. For quantifying market numbers, we have conducted interviews with subject matter experts in the fall detection system market. In addition, we have taken into consideration the year-on-year growth to understand the predictability of the market and to identify the right growth opportunities in the global fall detection system market.

As previously mentioned, the global fall detection system market is split into various categories based on product type, technology, sensing modalities, end user and region. 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 identifying various key trends in the global fall detection system market. Another key feature of this report is the analysis of the fall detection system market by product type, technology, sensing modalities, end user and region; and the market revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global fall detection system market.

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.

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.

Market Dynamics

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.

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.

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.

Regional Forecast

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.

Company Profiles

• Koninklijke Philips N.V. 
• Tunstall 
• 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.
• Others.