The global demand for fall detection systems is projected to grow to almost twice the size of 2022 estimates. Market research reveals that it is likely to grow at a CAGR of 6.0% during the forecast period from 2022 to 2032. Total market valuation could reach USD 700.0 million by the end of 2032.
As the geriatric population is on rise, hospital systems and numerous healthcare facilities have adopted this system. The growing demand for wearable systems and advancements in sensor technologies are expected to fuel market growth.
Fall detection systems often significantly reduce the time between the incident of a fall and the arrival of medical help. This has the capacity to drastically increase outcomes for patients.
The World Health Organization (WHO) estimates that falls are the second leading cause of accidental or unintentional injury deaths worldwide, with an estimated 646,000 deaths annually. Falls are also a key cause of non-fatal injuries, with an estimated 37.3 million falls requiring medical attention each year. The organization also reports that the risk of falls increases with age, with falls being the leading cause of injury-related deaths among individuals aged 65 and over.
With increasing research & development (R&D) in this sector, these systems can be integrated into smartphones, smartwatches, wearable devices, and home monitoring systems. Fall detection systems use sensors to detect changes in motion, orientation, and acceleration. Upon detection of a fall, the system sends an alert to a monitoring center or caregiver, who can then assess the situation and provide aid if needed.
Fall detection systems can also provide valuable data for healthcare providers and researchers, allowing them to better understand the risk factors for falls and develop more effective prevention strategies. The data collected by these systems can also be used to improve the design and functionality of fall detection systems, making them more accurate and user-friendly.
Its prevalence is seen to be wide in regions with advanced healthcare infrastructure, like Japan and Sweden. However, with decreasing costs due to R&D, growing proliferation is expected over the forecast period.
| Attributes | Key Insights |
|---|---|
| Fall Detection System Market Estimated Size (2022E) | USD 392 million |
| Projected Market Valuation (2032F) | USD 700 million |
| Value-based CAGR (2022 to 2032) | 6.0% |
| USA Value-based CAGR (2022 to 2032) | 4.8% |
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As per the Future Market Insights (FMI) report, historically, from 2017 to 2021, the value of the fall detection system industry increased by around 3.3 % CAGR. With an absolute $ opportunity of USD 308 million during the forecast period, the market is projected to reach a USD 700 million by 2032.
The prominent factor for this rise is the ageing population. Nearly doubling in valuation by 2032, the market indicates positive trends towards manufacturers and suppliers having a huge opportunity. Rise in diseases like Parkinson’s and Alzheimer’s makes it necessary for manufacturers to look at the mass production of this system and address healthcare concerns.
As compared to the historical estimates, the forecast period predicts a high growth opportunity for this market. The deciding factor for beneficiaries of this trend will be technologically advanced and cost effective products that can be accessible across all economic groups.
As technology is developing at a fast pace, incorporating AI and ML in strategic studies conducted by key players will be of vital help.
Principal Consultant
North America fall detection system market was valued at USD 158 million in 2021, and USD 163 million in 2022. The region is projected to have a fall detection system consumer industry worth USD 292 million in 2032.
The historical CAGR between 2017 and 2021 is 42%. The forecasted CAGR till 2032 is expected to be 41.8%.
Government in North America is increasingly focusing on healthcare and aging-related issues. They are investing in healthcare infrastructure, research, and development of new technologies to address the needs of the geriatric population. Such institutional support is expected to create a favorable environment for the growth of the fall detection system industry in the region.
Around 7.5 million people were suffering from Dementia in the year 2022 in North America. The increasing risk of neurological disorders such as Dementia and Alzheimer with an increase in age, is set to push demand for fall detection systems for better patient monitoring.
Rising Geriatric Population in USA Will Push the Need for Mass Production of Fall Detection System
The fall detection system industry in the USA is expected to grow to be worth USD 228.2 million by 2032, with an absolute USD growth of USD 86 million. The fall detection system industry in the USA has grown at a CAGR of 1.8 % from 2017 to 2021, and is expected to grow at a CAGR of 4.8% from 2022 to 2032.
The USA has a rising geriatric population with around 16.9% of the population with ages 65 or older. It is projected that the population in the 65 or older age group will increase to around 20.6% of the population over the forecast period.
With the rising elderly population, the risk of age-related neurological disorders such as Dementia and Alzheimer’s has also increased. There were around 7 million cases diagnosed with dementia in the year 2020 and it is projected to increase to around 9 million cases by 2030.
As Dementia causes loss of strength in the muscles, the risk of having a fall increases, therefore the demand for fall detection systems is projected to increase. This is set to expand the market during the assessment period.
Rising Concerns of Dementia in the United Kingdom to Steer Fall Detection System Demand
The fall detection system industry in the United Kingdom is expected to grow to be worth USD 33.8 million, with an absoluteUSD growth of USD 13.3 million by 2032. The fall detection system market in the United Kingdom has grown at a CAGR of 2.2% from 2017 to 2021. It is further expected to grow at a CAGR of 5.1% over the forecast period.
In the United Kingdom, consumer preferences are also expected to play significant role in driving the demand for fall detection systems.
The population has become health-conscious and, in a move to maintain their independence, they may be more likely to adopt fall detection systems. This improves their safety and reduces the risk of falls. The stigma associated with using assistive technologies will continue to decline, and people may be willing to adopt fall detection systems as part of their daily routine.
There has been a high incidence and occurrence of dementia in the United Kingdom with around 892,000 cases diagnosed in 2018. This is projected to increase to around 1.1 million cases diagnosed by 2030.
Monitoring patients with Dementia is important to provide timely assistance in incidences of chronic illnesses. This is also expected to help the demand for fall detection systems.
China to Spearhead the Growth of Fall Detection System Market in East Asia
Sales in China are expected to be worth USD 60.65 million, with an absolute USD growth of USD 29.7 million by 2032. The fall detection system industry in China has grown at a CAGR of 4.7% from 2017 to 2021 and is expected to grow at a CAGR of 6.9% from 2022 to 2032.
Amongst all surveyed countries in the global market, China has the predominant CAGR. This is expected to provide a great opportunity for manufacturers.
The elderly population in China has risen significantly in recent years and is predicted to reach around 100 million people over the age of 65 in the next two decades. Currently, around 10 million people are suffering from Alzheimer’s in China.
Alzheimer’s can cause a loss of strength and present problems in motor functions. This increases the risk of a fall, which makes the fall detection system crucial for the care and monitoring of these patients.
These factors will trigger the demand for fall detection systems in China and the market is projected to skyrocket over the forecast years.
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Technology Driven Accelerometers and Gyroscopes to Remain Highly Sought-After
Accelerometers and gyroscopes are projected to witness significant growth as it has grown at a CAGR of 3.2% from 2017 to 2021. This segment is further expected to grow at a CAGR of 5.8% from 2022 to 2032.
Accelerometers and gyroscopes are the key components of this system and are responsible for providing enhanced assistive experience. Both are small and lightweight, making them highly portable.
This portability makes them ideal for use in wearable devices, such as smartwatches and fitness trackers. Such wearables can be worn by users throughout the day. The increasing popularity of wearable devices is also expected to drive the demand for accelerometers and gyroscopes in fall detection systems.
On the technological front, the utilization of accelerometers and gyroscopes in fall detection systems will be driven by advances in materials and manufacturing processes.
New sensors and algorithms are being developed that can enhance the accuracy of fall detection systems to make them more accessible and consumer friendly. This technological innovation is expected to drive the growth of the fall detection system ecosystem, with accelerometers and gyroscopes playing a key role in this growth.
Integration of Wearable Devices among Millennials to Push Fall Detection Systems’ Demand
The wearable systems category using fall detection systems is projected to witness prominent growth as it has grown at a CAGR of 3.1 % from 2017 to 2021. It is likely to surge at a CAGR of 5.6 % through 2032.
Wearable devices such as smartwatches, fitness trackers, and other wearable sensors can detect falls and send an alert to caregivers or emergency services. These devices also assist in monitoring a person’s physical activity and detect changes in their balance, and other mobility metrics. This can provide valuable insights into a person's overall health and wellbeing.
The market demand is on the rise due to high adoption of wearable technology among the elderly population. This is prominently due to rising healthcare costs, and the growing awareness of the benefits of fall detection and prevention.
Numerous recent advancements have been made in the development of new wearable devices. These advancements have led to these systems providing precise and highly accurate data regarding fall detection and prevention. This has helped reduce the incidents of false alarms.
With the rise in the elderly population and the growing incidence of chronic illnesses such as dementia and Alzheimer, the demand for this segment is projected to expand during the assessment period.
Key players are investing heavily in research and development for new and efficient products. The companies are also focusing on product launches and mergers & acquisitions to augment their market positions.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 392 million |
| Projected Market Valuation (2032) | USD 700 million |
| Value-based CAGR (2022 to 2032) | 6% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Component, Algorithm, System, Application, Region |
| Key Companies Profiled | Koninklijke Philips N.V.; Connect America, ADT Corporation; Tunstall Healthcare Group Ltd.; Medical Guardian LLC; Bay Alarm Medical, Mobilehelp; Mytrex, Inc., Semtech Corporation; Alertone Services; LLC, Lifefone; GreatCall; SafeGuardian LLC; LifeStation, Inc.; Walgreens Company; Legrand Electric Ltd; Rescue Alert; Galaxy Medical Alert Systems |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiativ |
The fall detection system market is pegged to achieve USD 700 million by 2032.
The market is expected to expand at a CAGR of 6%.
Alertone Services, LLC, Lifefone, and GreatCall show considerable sales.
Increasing utilization of fall detection system to analyze data is the key trend in market.
Accelerometers and gyroscopes are highly sought component in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 5.1. Accelerometers & Gyroscopes 5.2. Multimodal Sensors 5.3. Other Unimodal/Bimodal Sensors 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Algorithm 6.1. Simple Threshold 6.2. Machine Learning Methods 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By System 7.1. Wearable Systems 7.2. In-Home Landline Systems 7.3. In-Home Cellular Systems 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-User 8.1. Senior Citizens – Home 8.2. Senior Citizens – Outside 8.3. Lone Workers 8.4. Hospitals, Nursing Homes, and Senior Assisted Living Facilities 8.5. Others 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East and Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Koninklijke Philips N.V. 17.2. Connect America 17.3. ADT Corporation 17.4. Tunstall Healthcare Group Ltd. 17.5. Medical Guardian LLC 17.6. Bay Alarm Medical 17.7. Mobilehelp 17.8. Mytrex, Inc. 17.9. Semtech Corporation 17.10. Alertone Services LLC 17.11. Lifefone 17.12. GreatCall 17.13. SafeGuardian LLC 17.14. LifeStation, Inc. 17.15. Walgreens Company 17.16. Legrand Electric Ltd 17.17. Rescue Alert 17.18. Galaxy Medical Alert Systems 18. Assumptions & Acronyms Used 19. Research Methodology
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Fall Detection System Market
