Fall Detection Systems Market Size, Share, & Trends Analysis Report By Product, By System (Wearable, Non Wearable), By Technology, By Component, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Fall Detection Systems Market Size, Share, & Trends Analysis Report By Product, By System (Wearable, Non Wearable), By Technology, By Component, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Fall Detection Systems Market Growth & Trends

The global fall detection systems market size is anticipated to reach USD 748.40 million by 2030 and is projected to grow at a CAGR of 7.66% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing rate of the geriatric population, improved accessibility to assistance, rising demand for smartphone and wearable technology, technological advancements, and growing awareness and adoption all contribute to the demand for fall detection systems. These systems are important for ensuring the safety and well-being of individuals, especially the elderly population.

Growing advancements in artificial intelligence, wearable technology, and sensor capabilities to develop more accurate and user-friendly solutions is further drive the market growth. These developments aim to offer real-time monitoring, reduce false alarms, and facilitate swift assistance. For instance, in September 2023, AltumView launched its Sentinare 3 sensor, a cutting-edge development in AI-driven fall detection and activity monitoring systems expressly tailored to offer unparalleled privacy and care for the senior demographic.

The global demand for fall detection systems is on the rise, leading to various established and emerging players implementing strategies such as mergers & acquisitions, new product launches, and partnerships to expand their market presence. For instance, in September 2023, FallCall Solutions, a Connecticut-based technology provider, announced the expansion of their medical alert application, FallCall Detect, to include Crash Detection for iPhone 14 and subsequent models. This integration with an autonomous 24/7 emergency monitoring center represents a global pioneering achievement within the safety technology application domain. This enhancement complements FallCall’s existing portfolio of features, such as their proprietary Smart Fall Detection technology, connectivity with Bluetooth-enabled medical alert accessories, and Siri-activated voice commands for emergency assistance calls.

Fall Detection Systems Market Report Highlights

• The automatic fall detection system segment led the market with the largest revenue share of 60.34% in 2023. This is attributed to the broader landscape of fall detection technologies as the aging global population
• Based on type, the wearable segment led the market with the largest revenue share of 68.65% in 2023, owing to the rising demand for independent living among the elderly and the need for affordable, efficient healthcare solutions
• Based on technology, the sensor-based segment led the market with the largest revenue share of 43.49% in 2023, due to technological advancements that improve the sensitivity, accuracy, and reliability of sensors
• Based on component, the accelerometers and gyroscopes segment led the market with the largest revenue share of 38.15% in 2023, owing to advances in MEMS technology that enhance the precision and affordability of motion sensing
• Based on end use, the home-based users segment led the market with the largest revenue share of 50.10% in 2023. This is attributed to an increasing inclination towards aging-in-place, and the COVID-19 pandemic has emphasized the importance of remote monitoring solutions
• North America dominated the market with the largest revenue share of 38.55% in 2023, which is attributed to the presence of major market players and widespread adoption of fall detection systems due to high prevalence of elder population
• In November 2023, Kepler Vision Technologies partnered MOBOTIX AG with to launch an advanced sensor integrated into the MOBOTIX c71 Hemispheric Indoor Camera. Tailored for environments such as elderly care, hospices, and care facilities, the sensor excels in accurately identifying events such as falls, and bed exits. The primary focus of this technology is to reduce the burden on staff members and enhance cost-effectiveness

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