Uploaded on Feb 17, 2022
The fall management market is projected to reach US$ 230.10 million by 2028 from US$ 171.36 million in 2021; it is expected to grow at a CAGR of 4.3% from 2021 to 2028. The surge in the geriatric population is one of the key factors driving the growth of the market. As per the World Health Organization (WHO), falls are the second leading cause of unintentional injury deaths worldwide. Mortality from falls is higher among adults above the age of 60 years. An estimated 684,000 fatal falls occur each year. The financial costs related to fall-related injuries are substantial. For an elderly adult, the average healthcare costs due to a fall in Ireland and Australia are US$ 3,611 and US$ 1,049, respectively. In the geriatric population, the prevalence of falls in the US ranges from 20 to 30%. However, in India, it is around 26–37%. Statistics from the United Nations show that the total geriatric population in countries such as China, India, the US, and Japan is the highest while the percentage of elderly adults to the total population is highest in Japan, Germany, and Italy at 28.2%, 21.4%, and 24.3%, respectively. The high prevalence rate of falls in the rising population of elderly adults is expected to create significant growth opportunities for fall management systems and products in hospitals, clinics, and nursing homes during the forecast period. Get sample PDF Copy at: https://www.theinsightpartners.com/sample/TIPRE00010475/?utm_source=SatPR&utm_medium=10366
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