Get In Touch

Fall Detection System Market: Overview

Fall detection system alerts emergency services in case it detects accidental fall. It is primarily designed for geriatric people. The system comprises two major components: a wearable device and a cell phone. Once the wearable device detects a fall, it sends an alert to the cell phone; then the cell phone alerts to the emergency contacts selected by the user. 

Fall Detection System Market: Notable Developments

Some of the recent developments that may favor the fall detection system market are:

  • Bayalarm medical, a key manufacturer of fall detection system developed a device called On-The-Go Protection. It connects with our 24X7 monitoring station without needing to push a button. This will help save life of users in case of a major fall.
  • Similarly, Medical Guardian introduced Family Guardian, a fall detection system, that will enables family, friends, and caregivers to stay updated on health and activity levels of the user throughout the day.

All these product launched by the manufacturers are adding value to fall detection systems.

Apart from above, some of the prominent players operating in the global fall detection system market are Baxter International Inc., Johnson and Johnson, CryoLife, Luna Innovations Incorporated, C. R. Bard, Inc., B. Braun Melsungen AG, Integra Life Sciences Corporation, Cohera Medical, Inc., Tissuemed Ltd., and Chemence Medical, Inc

Fall Detection System Market: Key Growth Dynamics

The fall detection system market is anticipated to progress substantially in the forecast period. This is mainly because of the factors such as increasing geriatric population and growing adoption of wearable technology by consumers. Apart from this, rising penetration of smartphones is another factor expected to drive the fall detection system market.  Further, growing inclination of consumer towards personal healthcare systems may propel the global fall detection system market.

Accelerometers and gyroscopes are the most widely used components in the fall detection system. They help in detecting fall and send signal to call emergency contact decided by the user. The increasing use of accelerometers & gyroscopes is wearable technology and smartphones is  driving the fall detection system market.

Artificial Intelligent is the next big thing in the fall detection system market.  It utilizes sensors to understand fall intensity and address accidents more accurately.  However, high cost of devices due to use of robust technologies is preventing people from emerging economies from adopting fall detection systems.

Apart from this, low practicality and acceptability of the technology among elders and limitation of device detect fall other than simulated conditions in the developing region is expected to hamper the growth of the fall detection system market. Along with this,  unavailability of emergency service is also a major restraint for the market growth.  Nevertheless, increased device capability and increasing number of artificial intelligence companies in the market is expected to offer lucrative avenues for the growth of the fall detection system market.

Fall Detection System Market: Regional Outlook

Geographically, North America is expected to hold major share in the global fall detection system market. This is mainly because of the growing adoption of fall detection devices by the people in the region. Apart from this, growing adoption of the machine learning and rising inclination of people towards self-care devices is expected to bolster growth of the global fall detection system market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Fall Detection System Market