Fall Detection Systems Market Sales Size Forecast 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 2027.

Increasing geriatric population is expected to boost the 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.

Request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/3213

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.

Tele-health solutions can help enhance health outcomes and reduce healthcare costs. Advancements in mobile technologies and increasing adoption of home care services are expected to offer lucrative growth opportunities for market players.

Moreover, increasing R&D in fall detection algorithm is also expected to aid in the 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 the 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.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/3213

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.

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 the 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 its 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.

Get More Information On This Report: https://www.coherentmarketinsights.com/market-insight/fall-detection-systems-market-3213

About us:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: sales@coherentmarketinsights.com

Visit our Blog: https://hospitalhealthcareblog.wordpress.com/

Fall detection systems are tools to prevent accidental falls in elderly population. Geriatric population often faces risks of falling, and is a prevalent problem faced by them.