close

Enter

Log in using OpenID

Fall Detection System Market

embed
Fall Detection System Market to Account for US$ 448.1 Mn by 2021
According to the latest market report published by Persistence Market Research titled ‘Global
Market Study on Fall Detection Systems: North America to Witness Highest Growth by 2021’, the
global fall detection system market is expected to expand at a CAGR of 4.9% during the forecast
period (2015-2021).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. The fall detection systems market accounted for US$ 321.3 Mn in 2014 and is expected to
increase to US$ 448.1 Mn by 2021 at a CAGR of 4.9 % over the forecast period.
Request to view table of content @ https://www.persistencemarketresearch.com/toc/8878
The market for fall detection systems, though shrouded by the high cost of equipment, false
positives of equipment and lack of awareness, presents lucrative opportunities for manufacturers
and service providers alike, as these offer ease of accessibility, affordability, and effective
administration to potential customers.The report analyses the global fall detection system market in
terms of market value (US$ Mn), by product type, sensing modalities, technology, end use, and
region. It also provides information regarding market dynamics, value chain, competitive landscape,
current trends, market estimations and forecast.
North America is expected to dominate the global fall detection market throughout the forecast
period, driven by increasing number of falls among the geriatric population, rising prevalence of
chronic diseases, the proliferation of smartphones and adoption of fall detection systems as a
supportive tool for independent living. The U.S. is the largest market for fall detection systems in
North America. The fall detection systems market in the U.S. is expected to increase from the
current estimated value of US$ 124.7 Mn in 2015 to US$ 175.0 Mn by 2021, registering a CAGR of
5.8% over the forecast period. Rising number of falls among the geriatric population, increasing
demand for fall detection systems due to their superior effectiveness, and increased focus on
maintaining the superior quality of life are factors expected to boost overall demand for fall
detection systems, worldwide, in the near future.
Request Sample Report @ https://www.persistencemarketresearch.com/samples/8878
By product type, the fall detection system market is segmented into automatic fall detection systems
and manual fall detection system. The automatic fall detection systems segment is expected to
dominate the overall fall detection systems market by the end of 2021. The segment is projected to
register an above average growth rate over the forecast period.
By sensing modalities, the fall detection system market is segmented into wearable and nonwearable segments. Among these, the wearable segment is expected to dominate the overall market
by 2021, owing to the ease of use and portability of these devices and rising number of falls among
the aging population and increasing adoption of new technologies by the elderly to live
independently and safely at home.
By technology, fall detection system market is segmented into GPS systems, mobile phones, and
sensors. Among these, sensors segment is expected to gain high demand in comparison to all
another segment over the forecast period.By end user, fall detection system market is segmented
into home care settings and senior assisted living facilities. Among these, home care settings
segment is expected to remain the most attractive, and is estimated to account for 69.8% share of
the global by 2015 end, and further increase to 72.1% by 2021.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.
Buy Fall Detection System Market Report
@ https://www.persistencemarketresearch.com/checkout/8878
Author
vakhas
vakhas298   documents Email
Document
Category
Business and Leadership
Views
17
File Size
35 KB
Tags
system
1/--pages
Report inappropriate content