MARKET INTRODUCTION
A fall detection system is a device positioned on the human's waist that alerts when a fall has occurred. The increasing demand for wearable technologies, smartphones, multimodal technology, and better ability to assist in the case of falls leading to reduced medical expenses is anticipated to boost the growth of the fall detection system market.
MARKET DYNAMICS
The upsurge in the geriatric population and the adoption of the machine learning approach for fall detecting are the significant factors driving the growth of the fall detection market. However, low acceptance of technology among the elderly population is the major factor that may restrain the growth of the fall detection system market. The increase in the geriatric population and machine learning approach for detecting falls is anticipated to offer growth opportunities for the fall detection system market.
MARKET SCOPE
The "Global Fall Detection System Market Analysis to 2028" is a specialized and in-depth study of the fall detection system market with a special focus on the global market trend analysis. The report aims to provide an overview of fall detection system market with detailed market segmentation by product type, technology, sensing method, end user. The global fall detection system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fall detection system market players and offers key trends and opportunities in the fall detection system market.
MARKET SEGMENTATION
The global fall detection system market is segmented on the basis of product type, technology, sensing method, end user. On the basis of product type, the market is segmented as automatic fall detection system, manual fall detection system. on the basis of technology, the market is segmented as GPS systems based, mobile phones based, sensors based. On the basis of sensing method, the market is segmented as wearable systems, non-wearable systems. On the basis of end user, the market is segmented as senior citizens - home, senior citizens - outside, senior assisted living facilities, lone workers, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global fall detection system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fall detection system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting fall detection system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the fall detection system market in these regions.
MARKET PLAYERS
The reports cover key developments in the fall detection system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from fall detection system market are anticipated to lucrative growth opportunities in the future with the rising demand for fall detection system market. Below mentioned is the list of few companies engaged in the fall detection system market.
The report also includes the profiles of key fall detection system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ALERTONE SERVICES LLC.
- Bay Alarm Medical
- Connect America
- Koninklijke Philips N.V.
- LifeFone Medical Alert Services
- Medical Guardian, LLP
- MobileHelp
- Semtech Corporation
- Singapore Technologies Engineering Ltd
- VitalConnect.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.