Fall Detection Systems Market
                     Fall Detection Systems Market- Size, Share, Outlook, and Opportunity Analysis,
2020- 2027
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.The global  fall  detection  systems  market is  estimated  to
account for US$ 402.8 Mn in terms of value in 2019 and is expected to account
for US$ 604.3 Mn by the end of 2020
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Increasing  geriatric  population  is  expected  to  boost  growth  of  the  global  fall
detection systems market over the forecast period. For instance, according to the
World Health Organization (WHO), the worldwide geriatric population is expected
to reach 2 billion by 2050, up from 900 million in 2015.
Moreover, increasing prevalence of various chronic diseases such as Alzheimer’s
disease,  dementia,  cardiovascular  diseases,  chronic  obstructive  pulmonary
disease, (COPD) and diabetes is also expected to propel growth of the market.
For instance, according to WHO, the number of people suffering from dementia
is expected to reach 65.7 million by 2030.
North America region held dominant position in the global fall detection systems
market  in  2018,  accounting  for  45.8%  share  in  terms  of  value,  followed  by
EuroHigh cost of fall detection systems is expected to hinder growth of the global
fall detection systems market. High subscription costs may inhibits adoption of
these devices in emerging economies.
Moreover,  fall  detectors  offered  by  various  market  players  are  not  entirely
accurate.  Automatic  fall  detection  systems  do  not  detect  sliding  falls.  These
drawbacks are also expected to hinder growth of the market.Tele-health solutions
can help enhance health outcomes and reduce healthcare costs. Advancements
in  mobile  technologies  and  increasing  adoption  of  home  care  services  is
expected offer lucrative growth opportunities for market players.
Moreover, increasing R&D in fall detection algorithm is also expected to aid in
growth  of  the  market.  For  instance,  in  March  2019,  researchers  from  Bern
University of Applied Sciences reported the technical validation of the AIDE-MOI
fall detection algorithm in the journal MDPI Sensors.By product segment in global
fall  detection  systems  market  was  valued  at  US$  382.9  Mn  in  2018  and  is
expected to reach US$ 604.3 Mn by 2027 at a CAGR of 5.2% during the forecast
period.
Key  players  in  the  market  are  offering  smartwatches  with  fall  detection.  For
instance,  Apple Watch 5 has inbuilt  watch detection.  The watch automatically
calls 911 (in the U.S.) if it cannot detect movement or input after a minute.
Key  players  in  the  market  are  also  focused  on  developing  fall  detection
technology  that  is  based  on  Wi-Fi.  For  instance,  in  December  2019,  Origin
Wireless announced the launch of Origin Health, a new wirelessAI WiFi sensing
software platform that enables remote monitoring and fall detection.
Major  players  operating  in  the  global  fall  detection  systems  market  include,
Koninklijke  Philips  N.V.,  LifeWatch  USA,  Tunstall,  Apple,  Inc.,  ADT  Security
Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, MariCare Oy,
and Origin Wireless.
Key players in the market are focused on adopting M&A strategies to expand
their product portfolio. For instance, in November 2019, ADT Security Services
acquired Marietta, a commercial security integration company. The acquisition is
expected to strengthen range of services the commercial division of ADT Security
Services can offer customers in Atlanta.
Key players in the market are also focused on adopting collaboration strategies
to expand their product portfolio. Philips collaborated with Humana Inc. to help
improve  care  and  health  outcomes  for  select  high-risk  Medicare  Advantage
members.  Humana  Inc.  implemented  two  programs  that  use  medical  alert
services and remote member monitoring (RMM) solutions of Philips to actively
monitor at-risk Medicare Advantage members.
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