Fall Detection System Market 2022
In 2022, the Fall Detection Systems Market stands at USD 448.5 million, and it is expected to reach USD 607.9 million by 2029 at a CAGR of 4.4%.
The Healthcare Equipment market constitutes things as simple as bandages and tongue depressors and things as complex as sophisticated imaging systems and programmable pacemakers. The major categories are inclusive of surgical instruments and implants, electro-medical equipment, medical supplies, irradiation apparatuses, in-vitro diagnostic equipment and reagents, and dental goods. With increase in healthcare spending, there would be nothing to hold healthcare equipment market back in the forecast period.
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Moreover, the rising percentage of falls among the elderly, the rising incidence of chronic diseases and the increasing adoption of fall detection systems are all expected to drive the growth of the fall detection system market throughout the forecast period. Apart from this, the demand for automated fall detection systems is likely to skyrocket in the years to come due to the integration of AI and ML technologies, which is likely to boost the market growth.
Company Profiles:
- Royal Philips NV
- Tunstall
- ADT Inc.
- Medical Guardian LLC.
- BioTelemetry, Inc.
- Bay Alarm Company
- MobileHelp
- MariCare Oy
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The Asia Pacific to Harness the Maximum Market Share
Geographically, the Asia-Pacific is projected to have the largest share of the market for fall detection systems, due to the region’s significant expansion of the healthcare industry. The high population, as well as the government’s increased expenditure on healthcare particularly in Asian nations provide an opportunity for fall detection system manufacturers to invest in these regions. Furthermore, because of the high-income levels and public awareness, the market for Fall Detection Systems in North America and Europe is also expected to grow significantly throughout the forecast period
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PMR has presented a comprehensive report based on Fall Detection Systems Market as per Product Type (Automatic Fall Detection Systems and Manual Fall Detection Systems), Technology (GPS-based, Mobile Phone-based, and Sensor-based), Sensing Method (Wearable, and Non-Wearable), End User (Home Care Settings, and Assisted Living Facilities) based on seven regions.
Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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