Scope of the Study
The global Fall Detection System market is expected to grow in forecasted due to the period due to better accessibility to assistance in case of fall leading to reduced medical expenses and increasing demand for multimodal technology are the factors driving the growth of the fall detection system market. A fall detection system is an assistive device placed on humans' waist that alerts when a fall has occurred. this type of technology is known to drop the consequences of a fall. Also, the system can detect the persons falling by acceleration analysis and send the geographic position and fall alarm short message to caregivers. The rise in the geriatric population is projected to offer growth opportunities.
The market study is being classified by Type (Automatic Fall Detection Systems and Manual Fall Detection System), by Application (Home Care Settings and Senior Assisted Living Facilities) and major geographies with country level break-up. According to AMA, the Global Fall Detection System market is expected to see growth rate of 4.5%
Koninklijke Philips N.V. (Netherlands), Connect America (United States), The ADT Corporation (United States), Tunstall Healthcare Group Ltd. (United Kingdom), Medical Guardian LLC (United States), Bay Alarm Medical (United States), Singapore Technologies Electronics Limited (Singapore), MobileHelp (United States), MariGroup Oy (Finland) and Mytrex, Inc. dba Rescue Alert (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Semtech Corporation (Netherlands), AlertOne Services, LLC (United States) and LifeFone (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Fall Detection System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Fall Detection System market by Type, Application and Region.
On the basis of geography, the market of Fall Detection System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase Demand for Smartphones and Wearable Technologies
- Increasing Demand for Multimodal Technology
- Increased Food and Drug Administration (FDI) Regulations
- High Demand for Machine learning Method to Detect Fall is a Kind of Artificial Intelligence
- Low Practicality and Low Acceptability Among Elders
- High Demand for Multimodal Sensors Used in Artificial Intelligence
- Availability of Devices Pre-Installed with The Machine Learning Algorithm
- Lack of Awareness about Fall Detection System Technology
- Sensitivity and Specificity of Fall Detection System
Key Target AudienceFall Detection System Developers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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