An aid device whose function is mainly to alert when there has been a fall event is known as a fall detection system. One of the key functionalities utilized in most smart walkers for treating gait and balance disorders is a fall detection system. To predict, detect, and prevent cases of falling, multiple procedures are applied to track gait parameters by sensory systems.
This growth is also being fueled by the increasing number of older adults at higher risk of falls, coupled with advances in artificial intelligence (AI), machine learning (ML), and sensor technologies that improve the accuracy and reliability of fall detection systems. These systems are becoming more necessary as older adults are choosing to stay at home independently, which is pushing the industry toward remote monitoring solutions.
The rising adoption of smartphones will propel market growth over the forecast period. For example, based on figures provided by GSMA Intelligence, the mobile industry's foremost data and analysis resource mentioned that in 2022 there are 5.34 billion mobile phone subscribers globally.
Rising use of smartphones is driving the Fall Detection Systems market strongly by improving access, affordability, and convenience for fall detection technology. The sensors allow more accurate and secure fall detection without using special or costly wearable devices.
Most smartphones now can already detect falls or shocks by virtue of inbuilt capability of being equipped with sensors, and most smartphone apps are now being developed to take advantage of these sensors to detect falls.
Growing instances of some or the other chronic illness are prominently influencing the demand for the fall detection systems market. These illnesses, which are generally termed chronic in nature, quite naturally contribute toward movement disability, weak muscles, dizziness, and unstable walking, thereby markedly working toward elevated susceptibility among such patients. As these conditions become increasingly prevalent, especially among the elderly, there is an increasing demand for fall detection systems to improve safety and provide quick response in the case of a fall.
For instance, Parkinson's disease patients tend to have tremors, balance disturbances, and motor impairments that increase their likelihood of falling. Likewise, arthritis patients might have painful or stiff joints that compromise with the free movement of their bodies. Vision-affecting chronic diseases such as diabetic retinopathy can also enhance the risk of falls.
The automated fall detection systems segment is a major propellant of the fall detection systems market, largely due to the several benefits that they have over manual systems. These automated systems incorporate sophisticated technologies, including sensors (accelerometers, gyroscopes), artificial intelligence (AI), and machine learning (ML), to identify falls automatically without user intervention.
Automated fall detection systems are engineered to automatically identify a fall event with higher precision. Through the use of sensors and algorithms combined, these systems are able to differentiate between a genuine fall and normal daily activities, minimizing the chances of false alarms. This increases the overall reliability of the system, which, in turn, makes it more reliable for users and caregivers.
The North America’s fall detection systems market is growing strongly on the back of some very important factors driving both - demand and usage of these technologies. North America, especially the United States and Canada, is dominated by an aging population. The U.S. Census Bureau projects that the population of people aged 65 and above will double by 2060, a significant age group for fall detection systems.
Elderly are more prone to falls due to decreasing mobility, poor vision, and chronic diseases (e.g., osteoporosis, arthritis, Parkinson's disease). This demographic transition is fueling the demand for accurate fall detection solutions to increase the safety of the elderly, especially in cases of independently living or assisted living residents.
The major players operating in the global market are focusing on advancements in research and development to meet the rising demand for fall detection systems treatment. Moreover, manufacturers are entering into partnerships for the development of innovative products.
Key players operating in the global fall detection systems market include:
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Fall Detection Systems Market
